Sabyasachi Samajdar FoodBizDaily.com New Delhi
January 18, 2010 – Agro Dutch Industries Limited, the largest integrated mushroom company in the world, today said that the steep increase of the major raw materials will adversely affect the cost of production of the company.
The company said that due to increase in input costs will also affect the performance of the company in Q3 and Q4 of current financial year.
According to company sources, the wheat straw prices that constitutes more than 70% of raw material costs and 40% of direct costs have gone up from INR 2700 MT to INR 4800 MT.
The debt restructuring of the company, which has been approved by the CDR-EG is yet to be sanctioned by Non-CDR lenders, which includes foreign banks and institutions and also private banks in India, the sources added.
Operating from ISO certified and HACCP compliant state-of-the-art manufacturing facilities of Canned Mushrooms and Can Making, Agro Dutch Industries serves retail and foodservice customers in more than 10 countries around the world.
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Agro Dutch Industries Limited
Address: Village Tofapur Teh. Rajpura, Distt. Patiala (Punjab)
Telephone: +91 - 1762 – 505201,
Fax: +91 - 1762 – 505231
About Agro Dutch Industries Limited
Agro Dutch Industries Limited is an Indian company, listed on the stock exchange. In 1992, Agro Dutch, was the first large company to bring the concept of integrated, year round, climate controlled Mushroom production to India, with complete traceability.
The company processes and markets a range of sizes of canned and frozen mushrooms, conforming to international quality standards.