Financial Daily from THE HINDU group of publications
Tuesday, Apr 05, 2005

News
Features
Stocks
Port Info
Archives
Google

Group Sites

Agri-Biz & Commodities - Horticulture/Fruits & Vegetables


Narmada basin set to cultivate `Dana' banana

Gaurav Raghuvanshi

Jagadia (Gujarat) , April 4

SOMETIME in the near future, if you pick up a bunch of the popular `Dana' brand of bananas while travelling abroad, you may discover that they come from this small town on the banks of Narmada.

Nader Ibrahim and Company Ltd, the Philippines-based agricultural major that owns the `Dana' brand of bananas, is set to tie up with a farmers' cooperative at Jagadia near Bharuch in Gujarat for contract farming of the horticulture crop.

To begin with, Nader Ibrahim would commit to buy the produce from about 500 acres, of which 250 acres would be taken up in the first phase. The farmers would grow the international bestseller G-9 variety of banana and sowing will start in a phased manner by the end of next month.

The farmers would have to adopt drip irrigation and use only tissue-culture plants, while the Philippines company would provide the growth hormones and plastic bags to protect the growing fruit from pests and dust.

The contract will be signed soon, after Nader Ibrahim and its Indian partners register a subsidiary company that would deal with the farmers.

"The contours of the contract farming deal have already been worked out. Only the formal signing remains to be done. We will supply 40 tonnes of bananas per week. The Indian subsidiary of Nader Ibrahim will set up cold storage and cleaning facilities at Jagadia," the Chairman of the Sri Narmada Farmers' Club, Mr Ajitsinh Parmar, said.

A team from the Philippines company spent two weeks at Jagadia, conducting soil and weather tests and found that the conditions for growing bananas were more suited at Jagadia than their own country. The company has nearly 5,000 acres of captive farms, Mr Parmar told Business Line.

The cost of production for the Philippines company at its own farms works out to be Rs 110 per 20 kg, while the Jagadia cooperative has committed to supply at Rs 92, he added.

The Narmada Farmers' Club, previously known as the Jagadia Farmers' Club, had been lying dormant for the last eight years. The District Development Officer of the National Bank for Rural and Agriculture Development (Nabard), Mr R.V. Dave, encouraged the farmers to revive the group and get into banana cultivation on a commercial scale.

"Within two years, the area has emerged as a major banana growing belt and now we have over 700 acres of banana cultivation. I have also suggested that the farmers' cooperative should register the `Narmada' brand," Mr Dave said.

The Narmada Farmers' Club is aiming even bigger. The farmers are not only working on the brand, but say that they could even explore selling the bananas under the `Narmada' brand in the international markets when the contract with Nader Ibrahim comes up for renewal after a year.

In that case, you may look out for `Narmada' bananas on your plate sometime in the future.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page


Stories in this Section
New strains


Low trough brings heavy rain in Kerala
Narmada basin set to cultivate `Dana' banana
Kannan Devan Hills Plantation co plans diversification — To foray into horticulture, floriculture
Rubber witnesses mild selling pressure
Kannan Devan eyes profit in first year
50% value addition must on tea exports by EOUs, SEZs
Scrap `import for exports' scheme, urges tea industry
Coonoor tea prices drop on low demand
FCI mobilises Rs 3,023 cr
Mahyco awaiting GEAC nod for new Bt cotton


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright © 2005, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line