Agriculture sector despite contributing 14% of the GDP is in desperate need of innovations. The area considered to be in urgent need of disruption are supply chain and market linkage. A complex & fragmented supply chain, opaque price discovery process along with inadequate forward integration, has resulted in sub-optimal quality, low price and high wastage of farm produce. In a nutshell, consumers are paying as much as 400% more than the price at which produce was sold at the farm gate.
One of the most important reason is the absence of grading. Despite the benefits associated with the grading system; it is still not practiced due to several reasons such as - High costs, nonavailability of technology and awareness amongst the stakeholders. Thus necessitating a physical assessment of produce to determine the specification & quality of the produce.
We at, Agricx strive to streamline the process, by developing the proprietary technology through which it makes it easier and relatively inexpensive to determine the quality and size of the produce and also ensure greater accessibility to produce information.
In a nutshell, At Agricxlab we are going to transform the way agriculture procurement specialist across country procures their requirements in the most efficient way with the use of technology.