News and Updates

News and updates

Published on 04-12-2023

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Agrocrops’ First Peanut-Centric Sustainability Report

Agrocrops’ First Peanut-Centric Sustainability Report

Agrocrops published its pioneering peanut-centric sustainability report, marking a pivotal moment in our 55-year journey from humble Indian roots to global prominence. The comprehensive report delves into our evolution, industry collaborations, certifications, and stakeholder engagement. Prioritizing sustainability, we align with UN SDGs and UNGC COP, reporting scope 1 & 2 emissions and outlining impactful initiatives. This industry-first initiative sets an unparalleled standard, emphasizing our commitment to shaping the future of sustainability within the peanut sector. Next year, our focus expands to Scope-3 emissions, a net-zero roadmap, and strategic collaborations for climate resilience, further solidifying Agrocrops' position as a trailblazer in sustainable business practices on a global scale.

News and updates

Published on 09-08-2022

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Agrocrops kicks off rural water conservancy development project

Agrocrops kicks off rural water conservancy development project

Agrocrops launched this exciting new initiative to build village ponds that will aid water conservancy for seven villages representing a total population of 1,500 people. This project set to cost two million rupees will be funded mostly by Agrocrops, with some donations from helpful associates.

The project has sustainability features such as rainwater harvesting that hold a world of promise for rural water accessibility.

News and updates

Published on 13-01-2021

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Agrocrops expands peanut processing capacity

Agrocrops expands peanut processing capacity

Agrocrops has expanded its peanut processing capacity by installing an American-style shelling unit in Karnataka, India. Karnataka produces 5% of the Indian peanut harvest. It’s also renowned for producing one of the best-quality Spanish peanuts in India, with supplies of around eight months every year.

With this new resource, Agrocrops will be able to supply peanuts of the highest quality and lowest aflatoxin content, with an even higher level of production capacity.

News and updates

Published on 04-03-2020

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Agrocrops gets US EXIM Bank financing worth US$1.6 million.

Agrocrops gets US EXIM Bank financing worth US$1.6 million.

Agrocrops has progressed its investment plan into American technology to process peanuts across India and beyond. We’ve secured funding from the US EXIM Bank via PNC Bank. The project is costing Agrocrops a total of US$4 million, which includes funding from an Indian bank and an American bank.

 

The project is set to give Agrocrops increased strength in the greenbelt of the peanut-growing regions, especially the small-hold farmers. The factory is spread across 17 acres of land, with a capacity of 10 tons per hour of shelling. We plan to share this resource with local shellers and farmers, who need the assistance of high-tech machines and our processing expertise.

News and updates

Published on 09-02-2016

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Spices Board of India recognises Agrocrops as a top performer for chilli exports

Spices Board of India recognises Agrocrops as a top performer for chilli exports

As one of the year’s top chilli exporters, Agrocrops has been awarded a prestigious accolade. The award was presented by the Spices Board of India under the Ministry of Commerce, and recognises us for having exported one of the largest quantities of chilli from India this year, at 8,100 tons.   

We want to extend a big thank you to the team who worked so hard to achieve this accolade, dedicating their time and expertise across all the chilli-growing regions. 

News and updates

Published on 04-10-2016

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Agrocrops procures land banks across the Southern states to develop peanut belt.

Agrocrops procures land banks across the Southern states to develop peanut belt.

Agrocrops has procured land banks across the states of Andhra Pradesh, Karnataka, and Tamil Nadu to develop peanut factories in the greenbelts of these peanut-growing regions. Agrocrops will make these processing units captive and they will also be shared with the local farming and shelling community.

This will help them to reduce process waste and help to increase education and awareness of high-level technology for peanut processing. Plus, how to effectively handle post-harvest management.

These factories will focus on the sustainable development of the peanut industry, right in the peanut heartlands.

News and updates

Published on 01-11-2015

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Agrocrops contributes 2.3 million rupees towards flood and food relief following the Tamil Nadu storm

Agrocrops contributes 2.3 million rupees towards flood and food relief following the Tamil Nadu storm

Agrocrops has contributed to the storm-affected regions of Tamil Nadu, which have suffered from heavy rainfall generated by the annual north-east monsoon. We contributed drinking water, blankets, food, and medicine that amounted to a total of 2.3 million rupees, distributed evenly across the affected regions by all Agrocrops employees.

Despite enduring the hardship of the storm ourselves, we were able to help many people.

News and updates

Published on 11-03-2013

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Agrocrops enters large-scale commercial peanut farming with FPO contracts

Agrocrops enters large-scale commercial peanut farming with FPO contracts

Agrocrops has signed an MoU with farmer producer organisations for larger-scale peanut farming. Through this MoU, Agrocrops and its agronomist team will offer farm inputs and POP (package of practices), and purchase the harvested peanut produce from the farmers at an agreed price and a premium – if the quality exceeds certain benchmarks.

Agrocrops’ FPO contracts are aimed at generating sustainable earnings for smallhold farmers.

News and updates

Published on 04-12-2023

×
Agrocrops’ First Peanut-Centric Sustainability Report

Agrocrops’ First Peanut-Centric Sustainability Report

Agrocrops published its pioneering peanut-centric sustainability report, marking a pivotal moment in our 55-year journey from humble Indian roots to global prominence. The comprehensive report delves into our evolution, industry collaborations, certifications, and stakeholder engagement. Prioritizing sustainability, we align with UN SDGs and UNGC COP, reporting scope 1 & 2 emissions and outlining impactful initiatives. This industry-first initiative sets an unparalleled standard, emphasizing our commitment to shaping the future of sustainability within the peanut sector. Next year, our focus expands to Scope-3 emissions, a net-zero roadmap, and strategic collaborations for climate resilience, further solidifying Agrocrops' position as a trailblazer in sustainable business practices on a global scale.

News and updates

Published on 09-08-2022

×
Agrocrops kicks off rural water conservancy development project

Agrocrops kicks off rural water conservancy development project

Agrocrops launched this exciting new initiative to build village ponds that will aid water conservancy for seven villages representing a total population of 1,500 people. This project set to cost two million rupees will be funded mostly by Agrocrops, with some donations from helpful associates.

The project has sustainability features such as rainwater harvesting that hold a world of promise for rural water accessibility.

News and updates

Published on 13-01-2021

×
Agrocrops expands peanut processing capacity

Agrocrops expands peanut processing capacity

Agrocrops has expanded its peanut processing capacity by installing an American-style shelling unit in Karnataka, India. Karnataka produces 5% of the Indian peanut harvest. It’s also renowned for producing one of the best-quality Spanish peanuts in India, with supplies of around eight months every year.

With this new resource, Agrocrops will be able to supply peanuts of the highest quality and lowest aflatoxin content, with an even higher level of production capacity.

News and updates

Published on 04-03-2020

×
Agrocrops gets US EXIM Bank financing worth US$1.6 million.

Agrocrops gets US EXIM Bank financing worth US$1.6 million.

Agrocrops has progressed its investment plan into American technology to process peanuts across India and beyond. We’ve secured funding from the US EXIM Bank via PNC Bank. The project is costing Agrocrops a total of US$4 million, which includes funding from an Indian bank and an American bank.

 

The project is set to give Agrocrops increased strength in the greenbelt of the peanut-growing regions, especially the small-hold farmers. The factory is spread across 17 acres of land, with a capacity of 10 tons per hour of shelling. We plan to share this resource with local shellers and farmers, who need the assistance of high-tech machines and our processing expertise.

Company overview

As the only global peanut company, we aim to integrate and reengineer the multi-billion dollar peanut industry. Our activities extend across 20 different regions, covering 87% of the world's peanut sources and accounting for 75% of global consumption. Throughout this process, we prioritize creating value for stakeholders and championing the industry toward sustainability.

As pioneers in the peanut industry, we are persistent in our commitment to cultivating a more robust landscape for farmers, buyers, distributors, value-adders, manufacturers, and consumers alike. Our vision is to foster an industry where seamless integration prevails. We are dedicated to intricately connecting the dots, ensuring stakeholders a cohesive and prosperous future.

As a women-led organization, our leadership catalyzes transformative growth in the peanut industry and among our exceptional team. Our leaders not only adeptly steer Agrocrops but also undergo personal transformations. A globally diverse, experienced, and learned cadre of professionals guides Agrocrops and shapes the broader peanut industry with expertise, ensuring a dynamic and impactful presence.

Our substantial growth is achieved through safeguarding stakeholders' interests and making a superior marketplace in the peanut industry. Our compliance is rooted in deep understanding, and our commitment is anchored in unwavering values.

It's not just peanuts

We're the fastest-growing peanut company in the world. At Agrocrops, our global triumph isn't by chance- it's a purposeful design for profitability since day one.

Financial Performance

Agrocrops, a privately held company headquartered in Singapore, steadfastly upholds a commitment to transparent financial reporting. Our disclosures offer investors and stakeholders a clear understanding of our current financial standing and our future economic prospects.

Shareholders

Our approach to value creation is considerate of all stakeholders, reaching beyond the sole focus on shareholders. The aim is to build a company that lasts centuries.

Financial highlights

Powering ahead with an impressive year-on-year growth, we've strategically designed our business for expansion. Our sustainable profit margins are a testament to our fully integrated global model. Behind the scenes, our persistent team works tirelessly, driving success and ensuring a robust financial performance.

Sustainability

Our commitment to the environment and communities shape our approach. We aim to set industry benchmarks by integrating SDGs into our business model. We question the status quo, ensuring our approach is disruptive and consistently supports the ecosystems we operate in. Join us as we redefine industry standards and foster a responsible, integrated future.

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Corporate Governance

We prioritise transparency and accountability across the entire organisation. Our commitment to diversity, organisational culture, and core values is ingrained in every aspect. The Agrocrops board and governance framework promote principled actions, informed decision-making, and vigilant monitoring of our compliance and performance. We conduct business ethically and strictly adhere to all applicable laws and regulations.

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Market opportunity

Peanut production is set to surge by 51%—projected to reach 68 million tons by 2050, up from 45 million tons with a market value of US$ 40 billion. The Peanut butter and oil markets, defying various socio-economic challenges, have demonstrated consistent and robust growth, averaging 4% over the past five years. Join us in exploring a resilient and promising investment landscape in this sector.

Sustainability Actions

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