Bangalore-headquartered Sunil Agro Foods is in talks with a few international companies for procurement of wheat following the Governments decision to cut import duty from 50 per cent to 5 per cent. The companies include Singapore-based Agrocorp and Concordia Agritrading of the Netherlands for Black Sea wheat (grown in the Black Sea region of Turkey, Ukraine and Russia).
The company have been getting offers of $190-195 per tonne for Black Sea wheat. Talks are also on with the Australian Wheat Board for import of Australian wheat. The company plans to import 35,000 to 40,000 tonnes this year. Currently, Sunil Agro procures wheat from local trade in Punjab, Uttar Pradesh, Delhi, Rajasthan and Madhya Pradesh.
The company supplies wheat flour to companies such as ITC, Britannia, Nilgiris and Nestle for their units in the South. The company is also planning to come out with its own wheat brand `Sunil - Chakki Fresh Atta in about three months in Karnataka.
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| Posted : 7/11/2006 |
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