Budget 2023: Market trades with high volatility while agri-stocks benefit from the budget

Will you buy the Agri stocks after this budget?

The budget 2023 changes for agriculture are noted below: 

• The government will invest Rs 2,200 crore in the Atmanirbhar Clean Plant Program, which will supply high-quality planting material for horticultural crops. 

• Open source, open standards, and interoperable public goods will be used to build the digital public infrastructure for agriculture. 

• Farmers will get information services for crop planning and health, better access to farm inputs, loans, and insurance, assistance with crop estimation, market intelligence, and support for the expansion of the agri-tech sector and start-ups. 

• Agri-startups by young businesspeople in rural areas will be encouraged through the establishment of an agriculture accelerator fund. 

• The Fund's goal is to provide farmers with creative, cost-effective solutions to their problems. 

• Use Public Private Partnerships (PPP) to implement a cluster-based and value-chain approach to increase the productivity of extra-long staple cotton. 

• To supply inputs, provide extension services, and establish market connections, will require cooperation between farmers, the state, and industry. 

• The government will invest Rs 2,200 crore in the Atmanirbhar Clean Plant Program, which will supply high-quality planting material for horticultural crops. 

• India is the world's top producer of "Shree Anna" and its second-largest exporter after China. 

• The Indian Institute of Millet Research, Hyderabad, would be sponsored as the Center of Excellence to make India a centre for "Shree Anna" on a global scale. Jowar, ragi, bajra, kuttu, ramdana, kangni, kutki, kodo, cheena, and sama are all ingredients in Shree Anna. 

• A new sub-plan of the PM Matsya Sampada Yojana, with a target investment of Rs 6,000 crore, aims to boost market growth and value chain efficiency. 

Argi Stocks in upper circuit on the budget day: 

Avanti Foods (6%), Mangalam Seeds (5%), Waterbase (14.31%), Apis India (5%), Kanel Industries (5%)