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Mother Dairy plans to invest about Rs 600 crore to establish two new fruit and vegetable processing plants in Gujarat and Andhra Pradesh, a top company official said. The dairy major, which has a significant presence in Delhi-NCR milk market, will spend more than Rs 400 crore on a plant at Itola near Baroda, Gujarat, with construction expected to be completed within two years, Mother Dairy Managing Director Manish Bandlish told PTI. "The board has already approved. The process for establishing the Itola plant will begin and will be completed in the next two years," he said. The second plant will come up in Kuppam, Andhra Pradesh with an investment of Rs 150-200 crore, Bandlish added. "We are yet to get the land from the government. Then we will start working on investment. DPR is yet to be made," he said. Currently, Mother Dairy's Safal brand has three fruits and vegetable processing plants at Ranchi (Jharkhand), Bengaluru (Karnataka), and Mangolpuri (Delhi), processing two lakh t
Retail tomato prices declined 22.4 per cent month-on-month on improved supplies across the country, the Consumer Affairs Ministry said on Sunday. The all-India average retail price of tomatoes stood at Rs 52.35 per kg on November 14, down from Rs 67.50 per kg on October 14, according to an official statement. During the same period, modal wholesale prices at Delhi's Azadpur mandi witnessed a sharper decline of nearly 50 per cent to Rs 2,969 per quintal from Rs 5,883 per quintal, driven by increased arrivals. Similar price corrections were reported from key markets like Pimpalgaon (Maharashtra), Madanapalle (Andhra Pradesh), and Kolar (Karnataka), the ministry said. "Though arrivals have subsided at major tomato centres in Madanapalle and Kolar, prices have eased due to seasonal supplies from Maharashtra, Madhya Pradesh and Gujarat filling supply gaps nationwide," it added. Favourable weather conditions have supported both crop growth and smooth supply chain movement from fields to
Agrochemical firm Crystal Crop Protection on Monday said it has acquired Bengaluru-based I&B Seeds as it seeks to strengthen its position in India's vegetable and flower-seed segment. "The deal has been fully executed with shares purchased from two major shareholders. The share transfer was completed last week on the day of Diwali," Crystal Crop Protection Managing Director Ankur Aggarwal told PTI. While not disclosing the deal amount, Aggarwal said it is estimated at two-times I&B Seed's annual revenue of Rs 130 crore. The acquisition was funded through internal accruals and marks Crystal Crop's fifth purchase in the seeds business and twelfth overall. "This acquisition will contribute 30 per cent to our Rs 400 crore seed business," Aggarwal said, adding that the company will retain I&B Seeds' flagship brands 'Indus' and 'SPS'. India's flower and vegetable seed market is valued at over Rs 600 crore. The integration is expected to be completed within six months. "By ...
The price of vegetables including potato and onion has increased in Odisha markets as consumers resorted to panic buying amid IMD's prediction of a cyclone hitting the Odisha coast, traders said on Tuesday. At Chhatra Bazaar in Cuttack, the price of potato has increased from Rs 30 to Rs 50 per kg on Tuesday. The price of onion has also increased to Rs 60 per kg from Rs 40 in the market, which is one of the largest vegetable markets in Odisha. Tomato is being sold for Rs 80 to 100 in the local markets in Bhubaneswar, traders said. The price of other vegetables like bins, brinjal, ladyfinger, cauliflower has also increased by Rs 10 to 20 per kilogramme. There was a huge rush in the vegetable markets as consumers wanted to store sufficient amounts of vegetables especially potato and onion in view of the cyclone, which is expected to hit Odisha coast by October 25. "We don't know how the market will be after the cyclone hits the state. If the supply chain is disrupted, it may lead to
In a significant boost to farm exports from Odisha, Farmer Producer Organisations (FPOs) in the state have marked their foray into the global markets with the first commercial shipment of fresh mangoes and vegetables. This feat was made possible through a strategic collaboration between the Agricultural and Processed Food Products Export Development Authority (APEDA), the state Directorate of Horticulture and Palladium which is the technical support unit for the 'Promotion and Stabilisation of Farmer Producer Organisations (PSFPO)' project. On May 15, as much as 0.75 tonne of fresh vegetables were exported to Dubai from the Biju Patnaik International Airport, Bhubaneshwar. This included 0.5 MT supplied by the Madanamohana Farmers Producer Cooperative Society Ltd, an FPO from Dhenkanal district, a statement said. Besides, 1.22 tonne of premium Amrapali and Dussehri variety mangoes from the same FPO were shipped to Italy over the last couple of days, it said. Farmers associated with
Supply of vegetables in Delhi's wholesale markets has been affected, which may cause a spike in prices of kitchen staples, due to the truckers' strike against the new penal law on hit-and-run road accidents, traders said Tuesday. There has been a 10-15 per cent rise in prices of vegetables in the national capital due to the slowdown, with rates of vegetables such as tomato, onion, and capsicum going up by Rs 5-7 per kg in many wholesale markets, they said. "So far, the supply of vegetables in Delhi is not halted due to the truck drivers protest. However, there has been a slowdown in the supply as truckers' in many parts of the country are being stopped at check points, causing delay in reaching the wholesale markets," said Sanjay Bhagat, wholesale vendor in Azadpur Mandi -- Asia's biggest farm produce market. The full blown impact of truckers' strike on the wholesale markets of the city will be yielded by Tuesday night, vendors said. If the situation continues, traders fear that th