Suminter Organics is an Indian based B2B supply chain management company for organic agricultural products. The company sources, processes and exports organic GMO-free agricultural products to more than 250 food brands spread across 20+ countries in the Americas and European regions, including several of the world’s largest consumer brands for supply of products.
Agricultural produce, such as soybean, cotton, coconut, spices, oilseeds and sugar, is sourced from small-scale farmers, whom Suminter Organics assists in converting to certified organic cultivation.
Through the company’s various agricultural services, Suminter empowers the farmers by providing them training on organic & natural farming methods and promoting sustainable technologies. It also provides live demonstrations on seed treatment, plant nursery, compost preparation & crop pest control enabling the farmers to get the best yields possible for their crops using natural and sustainable technologies for cultivation.
Expected to support 180,000 smallholder farmers
Suminter Organics has a farmer base of around 90,000, who cultivate some 175,000 hectares, primarily in India, the Philippines and Uganda. The financing from the Danish SDG Investment Fund and other investors will contribute to business expansion and double the number of farmers to 180,000.
“Suminter already has a proven concept and a solid track record, and we believe that our partnership can further develop the business and improve the living condition for more smallholder farmers in Asia and Africa.”
Otto Vinther Christensen, Vice President of Agribusiness for IFU.
The company is focused on triple bottom line benefits: Economic – market access for small farmers, better yield & pricing and low input costs; Environmental – elimination of chemicals, reduced water requirement; Social – fairtrade practices, support for farming communities. The company has been recognized with several national awards and recognition for its market leadership in key commodities.
Facts:
Investment year: 2022
SDG Fund investment: DKK 204.1m
Expected total investment: DKK 385.3m