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Suresh Itapu, Ph.D. Executive Director Soy Food Promotion and Welfare Association
Increased prices
About 70% increase in the last ten years Continue to increase
Source: ASSOCHAM, Pulses Report 2008
Issues of Concern
Increasing prices Limited availability
Domestic and international
Increasing imports
Required to import about 60 lakh MT by 2019-20 at current per capita consumption May go up if per capita consumption increases Not may suppliers
Source: ASSOCHAM, Pulses Report 2008
Healthier
Soy protein has a number of health benefits Heart Health Diabetes
Opportunities
Feeding programs
In Mid-Day meal programs
More than 15 cr (150 mil) school children Two largest agencies are using Dal Analogue
Akshaya Patra ISKCON Naandi Foundation
Enormous potential
GAIN is evaluating
ICDS Program
More than 11cr (110mil) children (0-6 years) A.P. is already making progress Trails in more states
Opportunities Cont.
Retail market
Private labels Soy food manufacturers Public distribution
Endorsement
NIN is evaluating the product
In-principle acceptance Approval would boost off-take
Few states are evaluating the acceptability IFPRI interest in Dal Analogue
Potential
Mid day meal 3 lakh MT
150 million beneficiaries 30% target @ 20gm/day
%age
49.58 49.58 0.74 0.10
Cost/kg
28 18 66 140
Total Estimated Production Cost / Kg Estimated cost of plant & machinery - 16 crores
29.862