Category — Food Processing

U.S. FDA Eases Rules for Shrimp Exporters from India

The U.S. Food and Drug Administration (FDA) removed 140 Indian shrimp exporting entities from its ‘Detention Without Physical Examination’ list. “These exporters are exempted from detention but are subject to random examination by U.S. authorities, and the list is revised from time to time,” said an exporter.

Business Standard reports that in 2016-17 U.S.A. imported 188,617 tons of Indian seafood for $5.8 billion, which was about 22.7 percent greater in quantity over the previous year, and 30 percent higher in dollar terms.

According to the seafood industry, the latest move shows that the U.S. is satisfied with the testing mechanism and food standards maintained by India’s shrimp exporters. The alert has come at a time when the EU still operates enhanced testing of samples — at least 50 percent of consignments, compared to the previous 10 percent.

Shrimp

Shrimp

June 22, 2017   No Comments

India May Implement Food Fortification Regulations

The Food Safety and Standards Authority of India (FSSAI) is promoting the introduction of micro-nutrients in staple foods to fight malnutrition.

“We are trying to encourage brands to fortify their products. We are targeting five staple foods including rice, wheat, milk and edible oil for fortification,” FSSAI CEO Pawan Kumar Agarwal said at an interactive session with the Bharat Chamber of Commerce on food safety.

Business Standard reports that currently the government does not have any plans to make fortifying staple foods mandatory, but it will monitor the situation. “If voluntary acceptance is low then government may take steps to make it mandatory,” added Agarwal. 

If you have any queries or need more information on the Food Safety and Standards (Fortification of Foods) Regulations 2017, please contact us and we will respond.

Logo for Fortified Foods

June 20, 2017   No Comments

Coca-Cola Brings its ‘Fruit Circular Economy’ Concept to India

Atlanta-based Coca-Cola, its bottling partners, fruit suppliers, and processors in India, will invest $1.7 billion in India’s agricultural ecosystem over the next 5 years, according to the company. The company’s Fruit Circular Economy concept will span the entire supply chain from fruit orchards to the final product. “The investments announced today by Coca-Cola will further catalyze economic growth and create new opportunities for farmers and local suppliers,” said T. Krishnakumar, president, Coca-Cola India and Southwest Asia

Mango orchard

$800 million will be reserved for procuring fruit pulp and fruit concentrate for the company’s juice and juice drinks and carbonated drinks with juice products. The remaining will be invested on manufacturing lines, bottling infrastructure, fruit processing plants and equipment, and agriculture interventions that facilitate sustainable agriculture. Coca-Cola’s technology and production methods will conserve soil, water, energy and biological resources, reports the Business Standard. The company says that over 200,000 farmers will benefit from this plan of sourcing fruit pulp and fruit concentrate out of 2.10 million tons of fruit.

The company also procures and exports raw materials and ingredients worth $280 million from India to 44 countries.

 

June 19, 2017   No Comments

India’s Pepper Exports to U.S. Command Higher Price

With sellers of pepper demanding higher prices, India’s pepper market traded at a higher rate this month. Prices of imported Vietnam pepper and exchange-released pepper have also increased, market sources told Business Line.

Pepper

Indian export prices were at $8,400 a ton cf for Europe, and $8,650 a ton cf for U.S.A.

June 11, 2017   No Comments

Metro Cash & Carry is Well Established in India

Headquartered in Dusseldorf, Germany, Metro Cash and Carry launched its business-to-business wholesale concept in India in 2003. The company is a one-stop solution for business customers such as mom and pop grocery stores, small retailers, hotels, restaurants and caterers, and offices.

Sanjay Kumar, journalist for IndiaRetailing, spoke to managing director and CEO of Metro Cash & Carry India, Arvind Mediratta regarding many aspects of the company’s functions in India.

Metro Cash and Carry MD and CEO Arvind Mediratta

Arvind Mediratta

Excerpts from the interview:

 On the opportunities and challenges of doing business in India

Mediratta: The Indian market is extensive and diverse. This provides us with both opportunities and challenges. In India, what works in the north will not work in the south because of the penetration of regional and local brands. We have to localize according to the market.

On expanding the company’s footprint

Mediratta: Since the organized wholesale market in India is growing at an even higher rate than modern retail, there is no dearth of opportunities in the country. Recently, we revamped our India operations and split it into North-East and South-West, to sharpen our regional focus. We will continue with our focus on these markets while also keeping an eye on emerging markets in Tier II and III cities. A cluster approach to markets is the best way to grow the business.

On customizing solutions and services to serve the diverse needs of specific regions

Mediratta: We have a simple strategy to suit diverse needs – we listen to our customers. Goods are sourced locally and are tailor-made to meet the specific demands of the region. We are constantly engaged in customer interaction to ensure that we understand the pulse of the market and provide products and services accordingly.

On the potential for growth of big box retailers like Metro in India

Mediratta: India has been growing at the fastest pace in its economic history. The growth potential has increased manifold. The Government’s decision to allow 100 per cent FDI in food retail is a welcome step. The infrastructure and supply chain is improving and the Internet has demolished the aspiration lag between big and small cities. The Indian retail and wholesale market offers great potential and bright prospects for international and domestic players.

On Metro’s retail ecosystem

Mediratta: Metro Cash & Carry is the country’s first HACCP-certified wholesale retailer. We ensure that all our 23 stores’ in-store activities, as also procedures involving sourcing, supply chain, stocking, and point of sale comply with the highest standards of cleanliness and hygiene. All our suppliers are given systematic training on meeting customer requirements in terms of food quality, safety and traceability.

Fair prices and guaranteed and transparent payments are credited directly into a farmer’s account in less than a day. Metro regularly conducts Trader Support and Partnership programs. We share best practices with small grocers in planogramming, assortment planning, store layout and inventory planning to improve their profitability.

On the next big change that is coming in retail

Mediratta: Whether online or offline, buying and selling cannot afford to remain mono-channel any longer. Only those players can envision a long and rewarding future who are able to fold into the Omnichannel approach.

I foresee a huge proliferation in the number of categories and sub-categories with customers becoming more and more experimental.
a) Health & Wellness: Organic food, health supplements, fitness equipment, apparel and personal care products
b) Experience: Media, travel, entertainment, home, gaming, sports and luxury categories
c) Staying Connected: Highly integrated smart homes, smart kitchens, telecom, transportation and IT products
d) A Fair World: Socially, environmentally, and ethically fair products such as cage-free eggs and vegan products

On the difference between 0perations in India vis-a-vis the rest of the world

Mediratta: The Indian market is very different from the other countries where Metro operates in. To compete in a fiercely competitive market with a high real estate cost and a Maximum Retail Price regime requires one to be very nimble and cost efficient. We learned our lessons in the Indian market very early and started adapting ourselves to suit the customer needs.

June 10, 2017   No Comments