We read the news everyday and are very aware about current affairs. We know exactly what is happening regarding politics and Tehelka’s predicament.
But do we know the Raw Facts? I don’t think we do. Not always!
Here is one: India is the world’s second largest producer of Perishable goods (Fruits and vegetables) and they are wasting this potential by throwing away fresh produce worth $1,330,000 every year because of the country's lack of adequate cold storage facilities and refrigerated transport (source Emerson Climate Technologies).
Here is some data about the global annual wastage of food:
It is visible here that Industrialized Asia is second on the list, clashing with Europe. So, if we talk about India, it has very good potential to produce Fruits and vegetables but it lacks the necessary facilities for storage and quick delivery.
If we talk about farmers, we see that they produce vegetables and wish to sell it immediately. But incidentally it is not possible because there is no wholesale market regulated by the government. If they go to the usual wholesale market, then the farmers will receive comparatively less money for their goods.
At this point, it is necessary to say that India needs to take some urgent steps to prevent this wastage: -
1) India needs to open warehouses with good storage facilities like refrigerators so they can reduce this wastage to 20% approximately.
2) Maintain a good communication, pick-up and dispatch facility with the hopes that it will reduce wastage to 25%.
It is good to be one of the largest producers in the world. But it remains a tall claim as long as the waste produced is also one of the highest in the world.
If you wish to add to this discussion, feel free to post your comments below!
Global Association of Risk Professionals, Inc. (GARP®) does not endorse, promote, review or warrant the accuracy of the products or services offered by EduPristine for FRM® related information, nor does it endorse any pass rates claimed by the provider. Further, GARP® is not responsible for any fees or costs paid by the user to EduPristine nor is GARP® responsible for any fees or costs of any person or entity providing any services to EduPristine Study Program. FRM®, GARP® and Global Association of Risk Professionals®, are trademarks owned by the Global Association of Risk Professionals, Inc
CFA Institute does not endorse, promote, or warrant the accuracy or quality of the products or services offered by EduPristine. CFA Institute, CFA®, Claritas® and Chartered Financial Analyst® are trademarks owned by CFA Institute.
Utmost care has been taken to ensure that there is no copyright violation or infringement in any of our content. Still, in case you feel that there is any copyright violation of any kind please send a mail to firstname.lastname@example.org and we will rectify it.
2015 © Edupristine. ALL Rights Reserved.