The government has exempted customs duty and agricultural infrastructure and development cess levied on crude soyabean oil and crude sunflower seed oil, subject to the conditions of tariff rate quota authorisation (TRQ). The nil customs rate will be applicable from May 11 till June 30. The notification from the finance ministry released on Wednesday said […]
In recent years, the food business has seen a remarkable transformation. No longer are fast food restaurants the only option for quick and easy meals. Instead, many options are available to us now for eating out or ordering in. The food business has seen a significant transformation due to the emergence of new technology, shifting […]
Rajiv Ghosh, deputy director of Horticulture Research, Tripura, said the government is continuously making efforts to raise the area production of palm oil. For increased availability of edible oils in the country and to reduce the import burden, various interventions were taken since 1991-92 through different schemes, the deputy director said. “National Mission On Edible […]
US-based investment firm Invesco on Monday cut the valuation of the Indian food delivery major Swiggy to USD 5.5 billion in January 2023 from its last valuation of USD 10.7 billion a year earlier. This has been stated in a regulatory filing with the Securities and Exchange Commission (SEC). It may be recalled that […]
Food inflation may soften in quarter one (Q1) of the financial year (FY) 2024 with upside risks seen, said the rating agency Icra in the monthly research compendium. It also said that second advance estimates (SAE) suggested a healthy year-on-year (YoY) rise in the output of rabi crops in FY2023 The SAE of crop production […]
An Indian edible oil industry body issued an advisory to its members appealing to reduce the retail and wholesale prices in line with prevailing global markets to benefit the consumers. “Members have responded favourably and started announcing a further reduction in MRP and wholesale price of edible oils of their brands,” the apex industry body […]
The decline in the price of edible oil should be passed on to consumers expeditiously, said Department of Food and Public Distribution Secretary Sanjeev Chopra during a meeting with the leading industry representatives here on Thursday. The international prices of imported edible oils are on a downward trend which gives a positive scenario to the […]
In the view of Buddha Purnima, the Bengaluru civic body issued an order prohibiting the slaughter and sale of meat in the city on the day of Buddha Purnima, which will be celebrated on Friday. “Due to the Buddha Purnima celebrations on May 5, animal slaughter and sale of meat in the Bruhat Bengaluru Mahanagara […]
Mother Dairy on Thursday said it has slashed the rates of Dhara cooking oil by Rs 15-20 across its product variants with immediate effect. This move is on account of the reduced impact of international markets and the ease in availability of domestic crop. According to Mother Dairy, revised MRP stocks are slated to hit […]
Union Minister of Health and Family Welfare, Mansukh Mandaviya reviewed the ‘Food Street Project’ to develop 100 healthy and hygienic food streets across the country with senior officers of the Health Ministry and Food Safety and Standards Authority of India (FSSAI), an official statement said. As per the statement, the aim of this project is […]
