IMP-OST : 22nd Oct, 2012 ( Post 1 of 6 )
www.i-securesolutions.in : Following reform outcomes
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Wal-Mart plans to sign up 35,000 farmers over the next three years, up from the 6,700 it has now. Fresh produce accounts for about 30 percent of Wal-Mart's sales in its wholesale outlets in India.
Wal-Mart must buy in small batches from small plot-holders in a country where more than 80 percent of farms are under 2 hectares. That means contracting with thousands of farmers will still yield only a few thousand tonnes. In North America, retailers like Wal-Mart can buy from a few hundred farmers who provide hundreds of thousand of tonnes of produce between them.
It's going to be a huge challenge and requires a lot of work on the ground.
Read full article at :
http://in.reuters.com/article/2012/10/16/walmart-india-fdi-supply-farmers-idINDEE89E0FC20121016?feedType=RSS&feedName=businessNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FINbusinessNews+%28News+%2F+IN+%2F+Business+News%29
Farm to fork: Wal-Mart faces sourcing challenge in India
Wal-Mart plans to sign up 35,000 farmers over the next three years, up from the 6,700 it has now. Fresh produce accounts for about 30 percent of Wal-Mart's sales in its wholesale outlets in India.
Wal-Mart must buy in small batches from small plot-holders in a country where more than 80 percent of farms are under 2 hectares. That means contracting with thousands of farmers will still yield only a few thousand tonnes. In North America, retailers like Wal-Mart can buy from a few hundred farmers who provide hundreds of thousand of tonnes of produce between them.
It's going to be a huge challenge and requires a lot of work on the ground.
Read full article at :
http://in.reuters.com/article/2012/10/16/walmart-india-fdi-supply-farmers-idINDEE89E0FC20121016?feedType=RSS&feedName=businessNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FINbusinessNews+%28News+%2F+IN+%2F+Business+News%29
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