India unveils new grain warehousing procedure
With a booming population and millions of hungry people, India has embarked on a new transportation and warehousing procedure to help ensure that as much of the country’s grain is used as possible.
Current estimates right now suggest that India wastes as much as 20 to 25 percent of its food grains due to improper storage techniques. That equates to roughly 60 million tons of wasted food over the course of a year.
The new system looks to halt inflation by cutting out the middlemen between the growers and the buyers. Farmers will take their grain directly to the nearest accredited warehouse rather than going to a local mandi market.
The grain then can be sold immediately to market or transferred to where it’s needed, cutting out the middleman and saving both the farmer and buyer money.\
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In addition to the new warehousing and transportation procedure for grain, India has seen much of its produce go to waste. The government’s Warehousing Development and Regulatory Authority (WDRA) has helped push through a budgetary measure that recognizes that plight, and calls for cold chains and other post-harvest storage techniques.
India is a developing power, but in order to continue its growth the country needs to feed its people and curb inflation. The government’s new warehousing procedure for grain could help solve both problems.
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