Punjab Agro to Sell Organic Products in Europe & North America

The company has tied up with ecommerce market place, TrendyBharat, to sell organic products in overseas markets.

India: To meet the rising demand for organic products in the US, UK, Canada and other overseas market, Punjab Agri Export Corporation Limited (PAGREXCO), a company jointly promoted by Punjab Agro Industries Corporation Limited and Punjab Mandi Board, has tied up with ecommerce market place, TrendyBharat that will facilitate the delivery of shipments in India and abroad. The tie up will facilitate ecommerce enablement, digital cataloging and many other key functions.

Punjab Agri Export Corporation Limited (PAGREXCO) has set up specialized processing and value chain to produce and sell organic agricultural products. In addition, the corporation has set up two labs accredited by National Accreditation Board for testing and calibration.

TechSci Research depicts that the export market for organic foods has been increasing due to increasing organic food consumption in Europe, United States and Middle East and in order to tap the export market the plan of Indian companies to export their products in these regions is set to benefit the companies in coming years.

According to a report published by TechSci Research, “India Organic Food Market By Product Type, Competition Forecast and Opportunities, 2011 - 2021”, the market for organic food in India is anticipated to grow at a CAGR of over 25% during 2016–2021, on account of changing food consumption patterns and increasing instances of contamination of farm produce with chemical fertilizers and pesticides, surging investments in organic food market and rising use of bio fertilizers. Organic pluses and food grains segment dominates India organic food market, as pulses and food grains form an important part of staple diets in India. Further, West India is anticipated to continue dominating the organic food in the country through 2021, on account of high disposable income levels and rising health consciousness among consumers in the region.