Category — Agriculture

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

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