Kalyanaraman added they were gaining new customers via the online space and were planning to launch some new brands through their e-commerce site.
Two years of back-to-back droughts in 2014-2015 and 2015-16 had ravaged the agriculture sector and posed a big challenge to the present central government when it took over.
Most parts of northwest and central India received deficit rainfall, but farmers in Punjab and Haryana have access to canal irrigation that helps them plant even if rainfall is scanty.
Cargill currently mills 2,500 tonnes of edible oil a day and these are sold under the brand names of Nature Fresh, Gemini, Sweekar, Leonardo olive oil and Rath vanaspati.
Exporters of basmati rice, groundnut, soyameal, cotton gain from rupee's fall to Rs 65.28
Stressing upon the need to focus on retaining freshness of produce he said that Indians need not follow western model of eating processed food all the time.
A bountiful supply of soyabean crop globally did impact the local refined soya oil prices.
Output of kharif crops is expected to be 134.67 million tonnes in 2017-18, which is 2.78 per cent or 3.85 million tonnes less than last year’s 138.52 million tonnes.
Traders face low prices from Africa and Myanmar in the global market
For pulses, mandi tax in UP is 2.5%, in MP it is 2.2% while in Gujarat it is 0.6%.
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