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City-based Panama Agro sets up food grain park

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BS Reporter Mumbai/ Pune

In an attempt to provide concrete solution to growing need for reliable storage of food grains, city-based Panama Birva Agro Private Limited has set up the grain park with Solio bag technology at Latur District in Maharashtra.

The park is for a soya crushing plant of Archer Daniel Midland, US based company which is one of the largest agri processors in the world, where Soya would be stored in large quantities.

Panama will provide service solutions to Archer Daniel Midland including transport of the grains. Panama will charge ADM Rs 45 lakh for the next five months at the rate of Rs 90 per tonne per month for 10, 000 tonnes of soya for five months which is likely to increase the storage up to 30,000 tonnes.

 

The company has collaborated with South Africa based Samadis, another grain park developer and operator, Argentina based Plaster, a producer of silo bags and Akron, a manufacturer of heavy duty machinery required for bagging and de-bagging of grain.

Commenting on the development, Parag Agarwal, managing director, Panama Group said, "Silo Bags are the most cost effective on farm storage systems, originally developed in Argentina more than a decade ago and now in use in over 22 countries for storing millions of tonnes of crops like paddy, wheat, maize, soya, sunflower seeds to name a few.

In the year 2006 over 25 million tons of food grains were stored in Silo Bags and the number is expected to rise to 100 million tons by the end of 2011." According to Agarwal, Solio bags are more cost effective as compare to traditional storage system and can save up to 75 per cent of total cost. The grain can be stored under extreme weather conditions for a maximum period of over 24 months. The storage capacity of this system is from 5000 tonnes to 50,000 tonnes.

It is used include South Africa, USA, Canada, Australia, China, Mexico, Italy, Hungary, Kazakhstan, Ukraine and Brazil. It has set up grain park in 30 depots all around the world.

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First Published: Nov 04 2011 | 12:34 AM IST

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