Organisation launched in India to promote organic produce
40% smaller Spanish onion crop
Spain’s 2020 onion crop is down by about 40%, due in part to a 14% smaller production area. High temperatures have led to smaller sizes. The lack of larger sizes is likely to increase prices for these in-demand calibres. Meanwhile, as the catering sector recovers with the opening of schools, demand in Spain is starting to recover.
Amazon to buy $20 billion stake in India's Reliance Industries
Reliance Industries is offering to sell a US$20 billion stake in its retail business to Amazon.com Inc., according to a report by Gulfnews. Amazon has held discussions about investing in the conglomerate's Reliance Retail Ventures Ltd. unit and has expressed interest in negotiating a potential transaction. Mumbai-based Reliance Industries, owned by Indian billionaire Mukesh Ambani is willing to sell as much as a 40% stake in the subsidiary to Amazon.
Battle for India’s grocery retail sector
India’s retail sector has become a battleground in recent times, with major investments made by giants Amazon and Reliance Industries, both of whom are seeking to expand their presence on the subcontinent, particularly in Future Retail, a key operator in India’s retail sector. According to Bloomberg reports, Reliance is closing on a deal to acquire a stake in Future Retail, which operates retailers including Big Bazaar. This comes only months after Amazon entered a long-term business agreement that saw Amazon India become the official online retail channel for Future Retail.
IG International announces the launch of their e-Commerce platform
IG International brings finest quality farm-fresh fruits to consumers
© IG INTERNATIONAL
Renowned fresh fruits importer IG International Pvt. Ltd. is now a part of the global blueberry sector, in partnership with MBO & Mano Babiolakis. Working with an Australian team, IG International has set up a large blueberry production area in India, the first of its kind for IG in India.
The venture began in 2017 and was motivated by a desire to produce the finest blueberries for Indian consumers on Indian soil. This is likely to revolutionise the global blueberry trade.
India’s retail sector consolidates under impact of Covid-19
India’s agriculture-related imports grew 14% between 2013 and 2019, from US$22 billion in 2013 to $25 billion in 2019, according to USDA/FAS data. Its main imported agrifood products are tree nuts, fresh fruits, and prepared foods, 20% if which comes from the US. These imports are being driven by millennials, affluent professionals, brand-oriented importers, modern retail outlets, e-commerce channels, mobile e-commerce and trend-setting restaurants.
Happy family – 1st Commercial seedless Watermelon hitting the Indian Market!
The retail store concept is becoming popular in Indian cities. Organized and unorganized retailers are playing a big role in this process. Value chain partners are looking for premium fruits to increase the foot fall to their stores. Watermelon is nowadays one of the major products in all the F&V supermarkets.
Syngenta is introducing “HAPPY FAMILY” the 1st premium commercial seedless watermelon variety in Indian markets. Syngenta India Limited is the game changer in watermelon category in the last 10 years.