In a first of its kind of initiative in the country, 29 coconut producer companies in the state comprising 4 lakh farmers are planning to launch a common brand of coconut oil.
China accounts for nearly 70% of the global garlic production and its variety is less pungent and bigger in size than Indian ones and is preferred by buyers.
In northern India, which gets its supply of coconuts from the south, the retail price of a 200-ml pack of tender coconut water could rise by 15-20% to Rs 38-40.
The current price range of Rs 70-110 per kg is almost double that a year ago. As a result, exporters said, China has not bought as much chilli from India as it did last year.
Sizes from 50 to even 120 counts are becoming popular. Most of the Southeast Asian countries are focusing more on farming small shrimps and India is now shifting towards this trend.
All the company’s current 500 branches across the country will start commodity broking.
The US is the largest buyer of Indian shrimps accounting for 30% of the total seafood exports from the country slated to touch $6 billion in the current fiscal.
India exported 17600 tonnes of pepper last year . As per the indication given by the exporters it could fall below 10,000 tonnes if the MIP remains.
The government has cut duty by 50% in the Union Budget, but has reduced the time for re-export of cashews under advance licence to 3 months from 6 months.
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