Rural consumption slowed down due to rise in Covid cases, lockdowns

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New Delhi, May 27 | Rural consumption slowed in financial year 2021, largely due to a rise in the number of Covid-19 cases in rural areas and consequent lockdowns, according to a report by Motilal Oswal Institutional Securities.

Balram Singh Yadav, Managing Director, Godrej Agrovet, was quoted as saying that the surge in agri-commodity prices is expected to be corrected shortly – as prices are not sustainable at this level (15-20 per cent decline may be expected) and reflect the change in global prices. Cereal prices are expected to remain elevated on increased demand from the Bio-Diesel segment.

Yadav said rural consumption slowed in FY21, largely due to a rise in the number of COVID cases in rural areas and consequent lockdowns.

The Central government has introduced various initiatives to revive rural demand, such as subsidising all the fertilizers (namely urea, DAP, and P&K).

Another Rs 190 billion has been allocated to 95 million farmers under the PM Kisan Samman Nidhi, of which 45 million farmers have received the funds. The drop in consumption is expected to be temporary, and demand is expected to bounce back faster than expected, he added.

India’s domestic sector saw a bumper rabi season, thereby paving the way for robust growth in FY22. Food grain production for the year is expected to be north of 307 mmt.

Sameer Goel, Managing Director, Coromandel International was quoted as saying that as of April, the Food Price Index posted a rise for the 11th consecutive month and was at the highest levels since May 2014.

Growth was largely driven by vegetable oils and cereals, lower output and decline in inventory levels, and stockpiling in China. The monsoon forecast for CY21 remains normal, and reservoirs in South and West India are at good levels; these factors bode well for acreages.

As per the World Bank, prices in April increased 83 per cent YoY for maize, 64 per cent YoY for soybean, 76 per cent YoY for palm oil, 58 per cent YoY for sugar, and 43 per cent YoY for cotton.

Source: IANS

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10 Safest Countries To Travel During COVID-19 Pandemic

10 Safest Countries To Travel During COVID-19 Pandemic

Past year 2020, the COVID-19 pandemic and worldwide lockdown had put a hold on your travel bucket list, right?

But fortunately, the pandemic has started to calm down in many countries, and travel has become safe again.

Some countries have opened up borders for international flights. Tourist places are inviting people to spend a relaxing vacation with your loved ones.

So, get ready to grab the latest Goibibo coupon codes to SAVE BIG on hotel and flight bookings. Also, Goibibo always has some exclusive offers on different Credit/Debit cards.

Now, let’s look out for the safest COVID-Free Countries to Go on a Vacation-

1. Switzerland

Switzerland is a beautiful country in Central Europe where you can go with your family and friends.

Sparkling clear lake Geneva, The Matterhorn mountains, gardens, and villages have a breathtaking view. It’s a romantic country for couples to go on a trip.

The Italian border of Switzerland gives a feel of Italy as well.

Accommodation could go a bit costly. But you can save some money on hotel booking via Goibibo hotel coupons and invest it in enjoying a variety of delicious food.

2. Brazil

Brazil is the largest country in South America with beaches and cultural tourist places.

The country has opened its border post-pandemic, so you have a chance to witness the beauty of Iguaçu Falls, Christ the Redeemer, Rio’s carnival, Ipanema beach, Amazon rainforest, and more.

The location is perfect for backpacking with friends.

3. Turkmenistan

Turkmenistan, a central Asian country, has managed to control the COVID cases. Now it’s safe to go on a trip.

The place is surrounded by the beauty of mosques, culture, and ancient heritage.

A week away with friends in Turkmenistan will be refreshing and relaxing. You’ll get cheaper flights and budget-friendly accommodation using Goibibo promo codes 2021.

4. Mexico

A perfect travel location in North America to enjoy sandy beaches, clear sunshine, and historical monuments.

Mexico has started welcoming travelers with precautions and safety measures. So you can certainly pay a visit to Ixtapa and Zihuatanejo beach resorts.

5. Mauritius

Mauritius, the country of an underwater waterfall, has breathtakingly gorgeous beaches and resorts.

The country has numerous options for water adventures, Yachting, and kite surfing. If you enjoy adrenaline-rushing sporty activities, Mauritius is for you.

6. Georgia

Georgia was a less-affected country by COVID-19. And even now, the country has put together all the safety measures for travel enthusiasts to enjoy the trip without any worry.

While in Georgia, you can visit the capital city Tbilisi to witness cultural diversity and architecture. Beautiful hills and mountains surround the city, and you can enjoy the view from the top.

If you plan to visit Georgia with your partner, don’t forget to enjoy the sunsets and shining cities.

7. Vienna

For European country lovers, Vienna in Austria is another beautiful destination.

Schönbrunn Palace and Gardens, Belvedere palace, State Opera house, and the cultural beauty make Vienna the most visited city in Europe.

Although, European countries could be a bit pricey. So, don’t forget to check the Goibibo codes and coupons online to save a considerable amount of money.

8. Croatia

Croatia is another country in Eastern Europe to plan a vacation. It’s a peaceful place to spend a week with your friends and family.

Korcula island, Krka national park, Zadar city, Plitvice national parks are gorgeous vacation spots in Croatia.

While in Croatia, don’t miss the beauty of Dubrovnik city. Houses with orange rooftops and beaches had given the nickname ‘pearl of the Adriatic’ to this city.

9. Costa Rica

Costa Rica is the most visited Central American country. In the past few months, the country is seeing very few COVID cases.

You can enjoy a weekend in a small town called Cahuita with the national park and pure weather. Manuel Antonio is a fantastic destination to enjoy beaches.

Monteverde should be on your travel list to have a glimpse at various bird species.

10. Kenya

Kenya, a famous East African country, lies around the Indian Ocean. With hygiene and safety protocols, Kenya has controlled the pandemic in the past few months.

If you enjoy wildlife, Kenya has plenty of national parks. Amboseli National Reserve is the must-visit location.

Small Lamu Island would be perfect for couples to have a romantic weekend together.

Final Words

When you plan your travel, never settle before checking out the latest travel coupons at top online websites like Greatbuyz to take some load off your wallet.

Besides, you could use that money to shop at local markets. Wouldn’t that be fun?

Do let us know your experience in the comments below, and suggestions if any to add more value to the list.

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