Category — Agriculture

India now grows “Kopi Luwak” coffee

India, Asia’s third-largest producer and exporter of coffee, started producing the world’s most expensive coffee, known as civet coffee or kopi luwak.

In the country’s largest coffee-growing area in the southern state of Karnataka, a start-up firm, Coorg Consolidated Commodities, produces the luxury coffee on a small scale. Narendra Hebbar, one of the founders of the company explained that civet cats eat the flesh of coffee cherries, but not the bean. The animal’s excreta contains the partially digested seeds or beans which are sourced from plantations located close to the forest from where the wild civet cats come to eat the ripest coffee cherries. Natural enzymes in the civet’s stomach enhance the flavor of the bean which makes this coffee unique.

Coffee berries

The Economic Times reports that in India, this specialty coffee sells at $65 per pound  (a cup of kopi luwak can sell for as much as $80); its price includes the cost of sourcing the animal droppings, processing the beans, accounting for the wastage during processing and acquiring quality certifications.

September 15, 2017   No Comments

India’s Seafood Exports to Grow 20% in FY18

India’s seafood exporters expect that exports will grow over 20 percent in FY18 after sales figures touched an all-time high of $5.78 billion in FY17 when USA imported 1,88,617 tons of Indian seafood — a growth of 22.72 percent in quantity from the previous year.

“With exports to U.S. setting new records and the markets’ rising appetite, the industry [in India] is confident of a strong [export] growth for Indian shrimps,” said Rahul Kulkarni, director, WestCoast Group, a leading seafood exporter from India.

Shrimp

Shrimp

Business Standard reports that India’s exporters are pinning hopes on growth in exports with the adoption of the Vannamei or Pacific White variety of shrimp in recent years over the Black Tiger. “The area brought under Vannamei cultivation is on the rise in states like Odisha and West Bengal. There is also emergence of demands from new countries like Canada and Australia,” said G. Mohanty, an Odisha-based exporter.

 

August 31, 2017   No Comments

India’s Mahindra Group to Set Up Tractor Factory in U.S.

When asked about expanding operations, Mahindra USA president and CEO Mani Iyer said, “It makes sense down the line to have a factory in the U.S.” The company will move to the bigger segment of tractors — up to 160 hp — with the setting up of the new facility, he added.

A Mahindra Tractor

“We already have invested a lot, whether in brand, technology, distribution points, dealers and people. The number of products being made for the U.S. market alone is very high. It will call for more localization,” Iyer said.

BusinessLine reports that with a revenue of $600 million annually, the company is a major player in tractors ranging up to 120 hp. It is third in terms of market share in the segment, just behind Kubota and John Deere.

Mahindra USA has about 2,500 employees of whom over 99 percent are Americans. “Today, we are considered very local. We are an American company headquartered in India,” Iyer quipped.

August 7, 2017   No Comments

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

Good Rains Will Boost Agriculture in India

With the El Nino phenomenon not in play this year, heavy rains in India have created the right conditions for crop planting in the key agricultural states of Punjab, Haryana and Uttar Pradesh. Officials say the good rainfall in north India has boosted soil moisture that is needed for the new crop, reports the Economic Times.
A USDA Foreign Agriculture Service GAIN report notes that the Indian Meteorological Department’s second forecast for the Southwest Monsoon predicts a normal monsoon for 2017 and suggests that June to September rainfall will be 98 percent of the Long Period Average or LPA.
Monsoon 2017 in India

Source: Indian Meteorological Department

June 20, 2017   No Comments