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High wastage keeps food companies from ploughing export benefits

The second of a 5-part series looks at the challenges in food export business

food processing, EXPORT, fruits, store, grocery
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According to estimates, 40-50 per cent of the total food produced in India is either lost or wasted because of the lack of adequate supply chain and storage facilities

Viveat Susan Pinto Mumbai
India ranks among the world’s top producers in most key agricultural commodities. Estimates peg the size of the total food market at $900 billion. Yet, the level of food processing in India, according to experts, is under 10 per cent. The result: Value addition remains low, and food exports are dismal.

Consider this: As a percentage of gross domestic product, India’s agricultural exports stand at 2 per cent only. For Brazil, it is around 4 per cent. Argentina is around 7 per cent, and Thailand is around 9 per cent, a report by the Confederation of Indian Industry (CII) said.

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First Published: Jul 28 2020 | 6:10 AM IST

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