Ruchi Soya invests in sustainability of soy

22 November 2013 | News | By Bureau Report

India's largest Soy processing Company, Ruchi Soya Industries announced Sustainability Verification Programme at Food Ingredients Europe (FiE) 2013. Ruchi Soya and its European marketing company RF Solutions, have teamed up with ProTerra Foundation and Solidaridad to engage in this initiative towards long term sustainability in Soy.

Sarvesh Shahra, Business Head, Food and Specialty Products Division, Ruchi Soya said, "Ruchi Group is working closely with the farmers in India for the past three decades. This is the right time for Ruchi Soya to take the lead in developing India's first long term sustainability program and offer its customers a completely integrated solution. Along with RF Solutions, Ruchi Soya will now provide its customers, the right solutions for sustainability and meet all the future demands from India."

The programme's starting point is the purchase of 12,000 RTRS (Round Table on Responsible Soy) credits followed in the near future through the purchase of 12,000 Metric Ton of certified beans. This will help over 10,000 certified farmers in the programme and additional 20,000 farmers who are improving their practices to become certified. The sale of certified non-GMO lecithin and soya meal shall gradually increase in the coming years under the programme.

Meanwhile, Solidaridad plans to increase the farmer training programme to reach 70,000 farmers in the coming 2-3 years in India. The certification of groups of farmers and the verification work under the ProTerra Standard will be carried out by Cert ID, a company that has been in the Indian Non-GMO market for over 10 years.

The values estimated for buying the soya beans in India and for fostering the sustainability programme will be acquired and paid to the stakeholders in the programme through the sale of products under Chain of Custody Certificates in Europe. This will enable Ruchi Soya to buy the beans physically from the farmers who are participating in the programme, but most importantly, contribute to improving their livelihood and well being.

 

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