Why in news?

• Fertiliser major IFFCO has been ranked number one cooperative among the top 300 cooperatives in the world by 10th Annual World Cooperative Monitor (WCM) report.

About IFFCO Ranking

• The ranking is based on the ratio of turnover over the gross domestic product (GDP) per capita, Indian Farmers Fertiliser Cooperative Limited (IFFCO).
• The ranking is as per the 2021 edition of the 10th Annual World Cooperative Monitor (WCM) report published by the International Cooperative Alliance (ICA).
• IFFCO has also inched up to 60th position in overall turnover ranking from 65th in the last financial year.