According to the SBI Ecowrap report, India's share of value added agri products in its agri export basket is less than 15 per cent. In contrast, in countries like the US and China, these commodities account for 25 per cent and 49 per cent of their exports. Firms that are into agri exports should evaluate what consumers want and, accordingly, leverage the value-addition programme in their commodities. For instance, rather than exporting rice in bulk, the focus should be on creating smaller but targeted product segments such as rice flour which is in high demand in Europe, especially the southern part where it is widely used to produce pasta, crisps, cereals and snacks. Similarly, rice starch is required by the pharmaceutical industry, and is also used as a thickener in sauces and desserts. Rice sweetener is again a value-added product and is used in sugar syrups and honey. Some aromatic varieties of Basmati rice are imported by breweries in Europe, especially by some prized beer manufacturers. Likewise, rice bran is in high demand as it is utilised for cereals, mixes, and vitamin concentrates and edible oil.
The evolving marketplace and market forces offer a plethora of business opportunities in product differentiation and, influenced by rising customer demand for health, nutrition and convenience foods as well as productivity improvements by food processors. India has huge opportunities in the export of value-added products in agriculture which includes the major segments like meat and seafood, food grains, horticulture, floriculture, coconut, plant-based meats etc. Many agritech startups are promoting value-added products from agriculture in the domestic and international market. There is a need to make an action plan to promote the export of value added agri products which includes creating a business ecosystem for agri product exports, policy interventions, training and hand-holding of producers.
Denne historien er fra AgroSpectrum India Sep 2023-utgaven av AgroSpectrum.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra AgroSpectrum India Sep 2023-utgaven av AgroSpectrum.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Small farmers are the greatest asset to India's food security: PM Modi
Prime Minister Narendra Modi centre) along with other dignitaries at the inauguration of the 32nd International Conference of Agricultural Economists ICAE) at National Agricultural Science Centre NASC) Complex, in New Delhi on August 3, 2024.
Agri Budgeting Blues
Budgeting blues is a wonderful term to identify what you have and what is necessary to investigate the need. When one deciphers the current Budget specifically for the farm sector blues, there is little Khushi (Happiness) and more Gum (sadness).
Unlocking the Potential of Municipal Solid Waste
The more conventional methods of managing waste, such burning and landfilling, become unsustainable. Landfills, although still in widespread usage, are land-use intensive and provide long-term environmental hazards, such as methane emissions and groundwater contamination. Even while incineration is a good way to reduce trash volume, it is energy-intensive and emits dangerous emissions. Cities are looking for new and creative approaches to manage garbage sustainably as conventional approaches become less practical.
Why Energy Transition Financing is Crucial for India
The whole world is badly hit by the cost of energy, including fuel, due to the ongoing geo-political issues. India’s net oil and gas import bill reportedly stood at 122 billion for 2023-24. The Indian economy is the fastest growing economy and estimated to grow between 6.8 and 7.2 per cent in the coming years. No doubt the need for energy is ever increasing. India’s per capita electricity consumption is at 1200 units as compared to the USA which is 12000 units. Energy is a growth engine for any economy. In such a situation, focusing on Energy Transition is quite crucial, with significantly long term financing for 15-20 years in place.
Navigating Upstream Challenges in Bioenergy Sector
Bharat is at the cusp of a Green Energy Revolution’; and Bioenergy, including Biofuels, is a vital Energy Engine’ to contribute towards the Net Zero 2070 commitment made by India during COP26. Surely, we will get there with collective efforts and partnerships, as we move into COP29 at Azerbaijan this year and beyond and one is sanguine that Bharat will not only lead the 2nd Industrial Revolution but also initiate and lead the Green Energy Revolution’.
Why Ensuring Adequate Biomass Supply is Fraught with Challenges
In recent years, biomass has emerged as a promising source of bioenergy, offering carbon neutral and sustainable energy. Sourcing and procurement of feedstock in India, however, presents unique challenges due to varying agricultural land, infrastructure constraints and economic conditions. Let's take a closer look.
Leveraging Bioenergy to Revitalise Indian Economy
From the early use of fire and animal power that improved lives, to the present world with use of electricity and cleaner sustainable fuels for a multitude of purposes - energy has been the enabler of development.
Can Bioenergy Adoption End Stubble Burning Practise?
Rice is one of the primary agricultural produces in India and a major source of sustenance.
Compressed BioGas: The New Hope for Energy Independence
The global bioenergy landscape is evolving rapidly, with countries around the world recognising its potential to address climate change, enhance energy security, and promote sustainable development. India, with its abundant biomass resources and growing energy demand, is uniquely positioned to lead in the bioenergy sector, particularly in the production and utilisation of Compressed Biogas CBG). Let's delve deep as to how CBG can be a new hope for energy independence for India.
Public-Private Partnership in Bioenergy Sector
Public-Private Partnerships (PPPS) represent a collaborative approach between government entities and private sector companies to achieve goals that neither party could easily achieve alone.
