Quetta [Pakistan], October 8 (ANI): Amid the flour crisis for over the past three weeks in Pakistan, several pictures, which reportedly have emerged of a government food warehouse located on Band Road in Pishin district in Balochistan, depicting the possible wheat crisis in the country.

Quetta [Pakistan], September 18 (ANI): Amid the ongoing inflation in the country, Balochistan province is facing a flour crisis for over past three weeks, with mill owners blaming the provincial government for failing to procure the required wheat this year, local media reported on Sunday.

Islamabad [Pakistan], September 17 (ANI): Pakistan has increased the prices of wheat, and flour by up to 10-20 per cent, amid the ongoing inflation in the country, local media reported on Saturday.

Islamabad [Pakistan], September 3 (ANI): The Pakistan Bureau of Statistics (PBS) on Friday stated that the inflation measured by the Sensitive Price Index (SPI) rose steeply in the previous week climbing to a record 45.5 per cent year-on-year in September, the highest level in a decade.

Chennai (Tamil Nadu) [India] July 27 (ANI/NewsVoir): Southern Health Foods Pvt Ltd, that markets products under the popular brand name of 'Manna', has forayed into the Kid's Breakfast space with the launch of Manna Go Grain Crunchies, an enriched multigrain cereal for Kids.

Kabul [Afghanistan], May 21 (ANI): Since the takeover, the Taliban's hard regime has waged war and constant unrest in the country with the newest one emerging in the form of wheat shortfall as the country now gears up to tackle the looming food crunch.

Chandigarh Mar 31 PTI Punjab Chief Minister Bhagwant Mann on Thursday thanked the central government for awarding a Centre of Excellence CoE project to Punjab Agricultural University PAU Ludhiana Mann described the CoE project--Development and Integration of Advanced Genomic Technologies for Targeted Breeding-- sanctioned by the Department of Biotechnology DBT Union Government to PAU as catalyst to bring swift crop diversification Mann in a statement said that this state-of-the-art research institution would also be instrumental in ensuring development and integration of advanced genomic technologies in crop breeding programmes for promoting crop diversification increasing productivity of the target crops and farmers profitability across the state DBT has provided grant of Rs 2791 crores for a period of five years for strengthening of infrastructure research activities for cutting edge research in agricultural biotechnology human resource travel conducting advanced trainings and workshops for capacity building Pointing out further Bhagwant Mann said that this research project would also lead to the development of crop varieties with better yield potential tolerance to emerging diseases enhanced nutritional quality for attaining food and nutritional security Wheat and rice have brought a major shift in the cropping system and as a result area under other crops has reduced significantly particularly in Punjab This rotation has resulted in over exploitation of water increased use of fertilizers and degradation of soil health said an official statement There is a strong need to strengthen research activities on pulses oilseeds vegetables and fruit crops and revisit our priorities for providing economically viable alternatives to the farmers it said PTI SUN MR MR

Mumbai Maharashtra India Business Wire India Suumaya Industries Ltd NSE Code SUULD is an emerging diversified conglomerate group having recently ventured into agri-commodity business through its 100 subsidiary SuumayaAgro Ltd The company has acquired majority of 51 stake in payAgri Innovations Pvt Ltd a tech-driven Agri food business company solving the problems of key actors - Farmers Processors and Consumers in the Agri value chain for an undisclosed valuation under the able and dynamic leadership of Mr Ushik Gala Chairman Managing Director Suumaya Industries has continued its accelerated growth momentum and showcased exemplary performance in the first quarter of FY2021- 22 due to its diversification and aggressive growth strategy into the Agri commodities business The company is building a holistic Agri-Business model to explore multiple avenues like B2B B2C through its Retail foray Corporate etc payAgris Seed 2 fork phygital business model with a strong farm-gate supply chain expertise and holistic selling capabilities thrives to create a better livelihood for farmers and good value for consumers Mr Ushik Gala Chairman Managing Director of Suumaya Industries Limited said Suumaya Industries has embarked onto an ambitious journey with Suumaya 20 Strategy Diversifying into the Agri-Business is a new pathway for the Company which is unfolding new opportunities and markets for us The company has already made substantial inroads into the segment and we are most certain that this highly scalable and sustainable business would be the next big growth engine for the company Agri-Business has been instrumental in the robust financial performance of the company Within few months the company is positioned as one of the leading organized players in the Agri value chain In line with this vision the company is also exploring various inorganic opportunities to be recognised as a significant player driving the sector in unchartered frontiers The company through our wholly-owned subsidiary SuumayaAgro Ltd is acquiring payAgri a fast-growing Seed 2 fork start-up poised to become a global leader in Agri food business This will enable SuumayaAgro to gain a strong foothold in the Agri Value Chain business in India Agri-Business is witnessing strong traction We would be differentiating our approach in the entire Agri Value Chain and endeavour to be dominant player in the segment Mr Gala further added The capital infusion by Suumaya Industries will help drive the growth and expansion of payAgri as a farmer-centric value chain focused hybrid bulk retail supply chain model We are excited to partner with Rajkumar KVM and Rajeev Kaimal both first-generation entrepreneurs who have created a strong business through their market acumen and perseverance There is a great synergy as it will give access to Suumaya in the Southern markets entry into higher value Agri commodities as well as wider range of customers and vast access to the farmers network which are the key strengths of payAgri The investment in payAgri not only underlines our commitment to exponentially grow the Agri-Business but also see huge potential in the new commerce Agri-fintech which will further boost the digital ecosystem for millions of farmers consumers and agro food MSMEs We look forward to working with the highly experienced management team of payAgri as we further expand the business going forward KVM Rajkumar Co-Founder MD Bulk Value Chain Business payAgri Innovations Pvt Ltd said We are building a unique and workable seed to fork model with a focus on Spices and Grain value chains We are excited to see the acceptance and appreciation from our B2B customers especially Food Processing MSME customers for our quality and supply reliability We never failed to honour supply commitment irrespective of pandemic and flood situations We plan to scale up our bulk value chain business by onboarding 100 MSME Overseas buyers and increase our wallet share to min 50 of their procurement requirements in the coming 12 months We are delighted to have SuumayaAgro as our investor as they can leverage their huge business network to propel us to achieve fast-track growth besides their equity investment and continuous working capital support The investment will help us to invest in critical farm-gate supply chain infrastructure expand our FarmConnect Hubs within and outside India and also strengthen our tech platforms Rajeev G Kaimal Co-Founder MD Products FinTech Business payAgri Innovations Pvt Ltd said At payAgri we aimed to build a sustainable inclusive model in the Agri Value chain space keeping farmer interest at the core The solutions that we provide from market linkage technology linkage to financial linkage not only help farmers and farmer institutions but also the various actors in the Value chain With this investment support from Suumaya we aimed to take this model across geographies in the coming months and establish ourselves as a prominent player in the Agri Value Chain space providing unique tailor-made market and financial solutions to the various value chain players Suumaya Industries has shown exponential growth trajectory by building a fully integrated value chain from farmers to its customers The company has recorded an impressive quarter with significant increase in the total revenues and profits for Q1FY2021-22 Consolidated Revenues for the period stood at INR 6852 crores at 23x over the previous corresponding quarter PAT grew by 16 sequentially to INR 306 crores in the same period Suumaya Industries has efficiently managed to simplify the complex Agri Supply Chain The company has expanded the product basket from staples to value-added Agri commodities like spices as well as increased its geographical footprint to derisk its portfolio and enhance profit margins payAgri presents Suumaya Industries with an exciting and differentiated opportunity to have a meaningful play in the Agri-Business The company has built a healthy portfolio of the Farmer and Farmer Institution Intervention through payAgri model No of Farmer Producer Organisations FPOs registered with payAgri are 70 whereas no of farmer members covered are 70000 and no of farmers produce and products listed on payAgri online Market are 210 payAgri a robust Agri-fintech organization that orchestrates and digitises the entire transaction in an Agri Value Chain operates on three functions which are removal of the array of middlemen in the Agri Value Chain through direct linkages create a cashless ecosystem and provide the benefits of large scale farming to smallholding farmers About Suumaya Industries Limited Suumaya Industries Ltd NSE Code SUULD is an emerging diversified conglomerate group established in the year 2011 The group is backed by experienced promoters with over three decades of experience in the Textile Industry Having built a strong foundation in the textile domain the company has expanded to newer growth areas like retail and Agri- Business as part of the Suumaya 20 strategy The company is differentiating its approach in the entire Agri Value Chain and strengthening its foothold to be a dominant player in the segment About payAgri Innovations Pvt Ltd Founded in 2017 by KVM Rajkumar and Rajeev G Kaimal payAgri is a tech-driven Agri food business company and solves the problems of key actors in Agri value chain - Farmers Processors and Consumers payAgri is a farm-gate level operator with investments in Primary Processing Infrastructure for the focused value chains such as Spices and Coconut payAgri has built strong expertise in Chilly Turmeric Cardamom Coriander Coconut Paddy Maize Millets and Wheat value chain and caters to both B2B segment with Commodities and B2C segment with Value-added Products payAgris unique Cloud Processing Centers enables the quick roll-out of 100s of value-added products from FPCs Farmers and Micro Food Processors complying with regulatory standards The company is currently incubated and supported by NABARD MABIF CIIE IIM Ahmedabad and Royal Agricultural University UK For further information on Suumaya Industries Ltd please visit wwwsuumayalifestylecom For further information on payAgri Innovations Pvt Ltd please visit httpswwwpayagricom To View the Image Click on the Link Below Signing the acquisition agreement between Suumaya Industries Ltd and payAgri Innovations Pvt Ltd Rajeev G Kaimal Co-Founder MD Products FinTech Business payAgri Innovations Pvt Ltd KVM Rajkumar Co-Founder MD Bulk Value Chain Business payAgri Innovations Pvt Ltd Mr Ushik Gala Chairman Managing Director of Suumaya Industries Limited Ms Ishita Gala VP Operations and Brands Suumaya Industries Limited Mr Sejal Doshi Director Finance Suumaya Industries Limited PWR PWR