India’s state wheat stock halves from a year ago
Indian wheat stocks held in government warehouses were half the level of a year ago on Nov. 1, government data showed on Monday, but inventories were marginally higher than the official target.
Wheat reserves in state stores totalled 21 million tonnes at the start of this month, down from 42 million tonnes on Nov. 1, 2021, but still slightly higher than the official target of 20.5 million tonnes for the quarter ending Dec. 31.
Wheat inventories at government-run granaries stood at 22.7 million tonnes on Oct. 1.
58.59 lakh metric tonne paddy procured: Haryana Dy CM Dushyant Chautala
Haryana’s Deputy Chief Minister Dushyant Chautala on Tuesday said 58.59 lakh metric tonne paddy has been procured in the state during the current season, exceeding the target of 57 lakh MT. Chautala said that nearly 98 per cent of farmers have already received their paddy purchase payment amounting to Rs 11,819 crore directly into their bank accounts through DBT within 48 hours after the crop being procured and the balance will also be cleared this week.
The deputy chief minister — who also holds the charge of the Food, Civil Supplies and Consumer Affairs Department — said although the target given by the Centre was 57 lakh metric tonnes of paddy procurement for the current season, the state government procured 58.59 lakh metric tonnes till November 14, a day before procurement process is completed.
WayCool picks 80% stake in AllFresh to strengthen apple, citrus sourcing
Chennai-based food and agtech startup WayCool Foods has picked up an 80 per cent stake in AllFresh Supply Management Private Limited (AllFresh) as part of its strategy to create a Keiretsu in the global food supply chain.
Keiretsu is a Japanese term for a business network of companies, including manufacturers, supply chain partners, distributors, and occasionally financiers.
The investment will help the agtech company strengthen its sourcing of premium apples and citrus from across India. WayCool already imports these from global sources.
WayCool will leverage Allfresh’s capabilities, as well as its network of apple and citrus growers, and farmers in Himachal Pradesh, Punjab, Maharashtra and Madhya Pradesh, among other locations, connecting their output to WayCool’s network of over 1,25,000 retail clients, a statement from the Chennai-based company said.