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Groundnut exporters turn to domestic retail business

Will offer value-added products such as peanut butter and confectioneries

Vimukt Dave  |  Ahmedabad 

Groundnut
Image via Shutterstock

Amid subdued overseas markets, especially South East Asian countries like Vietnam, Indian exporters are turning to domestic retail businesses such as including and Players like Limited and others are looking to enhance exports even as they diversify into domestic retail.

"Value addition in is happening in a small way, but is gradually increasing as demand in domestic as well as international market is growing. Some leading exporters have shown interest in it. As it is an untapped area, there is huge potential for value-added peanut products," said an official of Agricultural and Processed Food Products Export Development Authority (Apeda).

According to Apeda, with export of on the decline, some of the bigger exporters may enter in this business in the near future.

Tamil Nadu-based Limited, a leading exporter, is currently expanding its processing capacity by setting up new processing units across producing states such as Gujarat, Rajasthan, Andhra Pradesh, Orissa, Tamil Nadu and Karnataka. After this expansion, the company will start producing and other

Saravanan Lokasundaram, chief executive officer of said, "We are planning to set up seven processing and grading units in the producing belt. The company will invest about Rs 175 crore and is also considering entering the retail segment with value-added "

Agrocrops Exim's plant, which the company claimed is India's largest processing unit with a daily capacity of 480 tonnes, will be operational in April this year. Two units in Tamil Nadu, one unit in Rajasthan and Orissa will be operational by end of this year.

India is the second largest producer of in the world after China. The country produces about five to six million tonnes every year and exports around 500,000 tonnes a year.

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Groundnut exporters turn to domestic retail business

Will offer value-added products such as peanut butter and confectioneries

Amidst subdued overseas markets especially South East Asian countries like Vietnam, Indian groundnut exporters are turning to domestic retail businesses such as peanut products including peanut butter and confectioneries. Players like Agrocrops Exim Limited, among others are looking to enhance exports even as they diversify into domestic retail."Value addition in groundnut is happening in small way but it is gradually increasing as demand in domestic as well as international market is growing. Some leading exporters have shown interest for it. As it is untapped area, there are huge potential for value added peanut market," said an official of Agricultural and Processed Food Products Export Development Authority (APEDA).According to APEDA, with export of groundnut some of major exporters may enter in this business in near future.Tamil Nadu-based Agrocrops Exim Limited, a leading groundnut exporters is currently expanding its processing capacity with setting up new processing units ... Amid subdued overseas markets, especially South East Asian countries like Vietnam, Indian exporters are turning to domestic retail businesses such as including and Players like Limited and others are looking to enhance exports even as they diversify into domestic retail.

"Value addition in is happening in a small way, but is gradually increasing as demand in domestic as well as international market is growing. Some leading exporters have shown interest in it. As it is an untapped area, there is huge potential for value-added peanut products," said an official of Agricultural and Processed Food Products Export Development Authority (Apeda).

According to Apeda, with export of on the decline, some of the bigger exporters may enter in this business in the near future.

Tamil Nadu-based Limited, a leading exporter, is currently expanding its processing capacity by setting up new processing units across producing states such as Gujarat, Rajasthan, Andhra Pradesh, Orissa, Tamil Nadu and Karnataka. After this expansion, the company will start producing and other

Saravanan Lokasundaram, chief executive officer of said, "We are planning to set up seven processing and grading units in the producing belt. The company will invest about Rs 175 crore and is also considering entering the retail segment with value-added "

Agrocrops Exim's plant, which the company claimed is India's largest processing unit with a daily capacity of 480 tonnes, will be operational in April this year. Two units in Tamil Nadu, one unit in Rajasthan and Orissa will be operational by end of this year.

India is the second largest producer of in the world after China. The country produces about five to six million tonnes every year and exports around 500,000 tonnes a year.
image
Business Standard
177 22

Groundnut exporters turn to domestic retail business

Will offer value-added products such as peanut butter and confectioneries

Amid subdued overseas markets, especially South East Asian countries like Vietnam, Indian exporters are turning to domestic retail businesses such as including and Players like Limited and others are looking to enhance exports even as they diversify into domestic retail.

"Value addition in is happening in a small way, but is gradually increasing as demand in domestic as well as international market is growing. Some leading exporters have shown interest in it. As it is an untapped area, there is huge potential for value-added peanut products," said an official of Agricultural and Processed Food Products Export Development Authority (Apeda).

According to Apeda, with export of on the decline, some of the bigger exporters may enter in this business in the near future.

Tamil Nadu-based Limited, a leading exporter, is currently expanding its processing capacity by setting up new processing units across producing states such as Gujarat, Rajasthan, Andhra Pradesh, Orissa, Tamil Nadu and Karnataka. After this expansion, the company will start producing and other

Saravanan Lokasundaram, chief executive officer of said, "We are planning to set up seven processing and grading units in the producing belt. The company will invest about Rs 175 crore and is also considering entering the retail segment with value-added "

Agrocrops Exim's plant, which the company claimed is India's largest processing unit with a daily capacity of 480 tonnes, will be operational in April this year. Two units in Tamil Nadu, one unit in Rajasthan and Orissa will be operational by end of this year.

India is the second largest producer of in the world after China. The country produces about five to six million tonnes every year and exports around 500,000 tonnes a year.

image
Business Standard
177 22