MoU signing between Mahindra and Tanzanian farmers to purchase pulses

Price fluctuations in the pulses market can have a significant adverse impact on the livelihood of East African farmers. In response, one of India’s biggest and best known business conglomerates, Mahindra, is committing to work with farmers to ensure they receive a fair and stable price for their pulses. 

On Global Pulses Day, Mahindra will sign an agreement with Tanzanian farmers committing to purchase pulses at an agreed predetermined price, taking into account production costs and a fair profit margin. 

Through this agreement, Tanzanian pulses farmers will benefit from:  

• A fair price for their pulses with a minimum assured profit 
• A guaranteed buyer before production begins
• A reliable income without fear of a sudden price drop

This event is being implemented under the International Trade Centre, Supporting Indian Trade and Investment for Africa (SITA) which is funded by the United Kingdom Department for International Development.