Adani Wilmar reported a 12 per cent yearly decline in consolidated revenue during April-June 2023 quarter at Rs 12,928 crore. The company said the decline in revenue during the quarter was reflective of a steep decline in edible oil prices. The food and FMCG segment recorded a strong revenue growth of 28 per cent year-to-year […]
Retail inflation in India which rose in June after falling in the preceding four months is projected to rise further in July due to rising food prices, said Crisil in a report on Wednesday. July retail inflation data is due next week. According to the rating agency’s report, food inflation in India, which accounts for […]
IMF’s Chief Economist and Director, Pierre-Olivier Gourinchas, has said restrictions imposed by India on exports of certain varieties of rice are likely to exacerbate volatility in food prices in the rest of the world. “And they (the ban on rice exports) can also lead to retaliatory measures. So, they are certainly something that we would […]
Researchers at the University of California, Irvine, and the University of Colorado Boulder discovered that stronger control over food loss and waste does not result in better environmental consequences. In a paper published recently in Nature Food, the scientists stress that curbing food spoilage increases the amount of produce in markets, which leads to lower costs. […]
The Tamil Nadu Co-Operative Milk Producer’s Federation, which sells dairy products under the brand Aavin, has hiked prices for paneer and badam mix in Chennai and its suburbs. The revised retail prices will come into force with immediate effect, the Federation said in an official notification. The retail price of one kg paneer, which was […]
The government’s agricultural marketing company National Cooperative Consumers Federation of India Ltd (NCCF) on Monday began selling tomatoes at the subsidised rate of Rs 70 per kilogram through the Open Network for Digital Commerce (ONDC). Anice Joseph Chandra, Managing Director, NCCF told ANI that “We have partnered with ONDC for sale of tomatoes in Delhi […]
As far as sweets are concerned, every town in Karnataka has its own specialities. But among them, Mysore Pak, which was invented in the royal kitchen of Mysore kings, has carved a niche for itself in the inernational market while highlighting the rich culinary heritage of India. Recently, Mysore Pak was ranked 14th among the […]
According to a credit research company, Japan will see a price hike on 30,009 food and beverage products by October as the country’s currency Yen weakens as well as weaker Yen pushing up import prices, Kyodo News Agency reported. Adding that, the company also cited another reason to be a surge in electricity and labour […]
Union Health Minister Mansukh Mandaviya said that the Global Food Regulators Summit 2023 to be held in the national capital on Thursday will focus on the crucial aspect of food safety, which deserves as much attention as food security. The Union Health Minister, on Monday, was briefing the media on the Global Food Regulators Summit, […]
Delhi-based popsicle & gelato brand, Scuzo Ice ‘O’ Magic is gearing up for international expansion and is currently in talks with Canada, Australia, and the Middle East, aiming to introduce Indian flavors and expertise to global markets. “We plan to rapidly expand by setting up multiple stores in each country, establishing a strong market presence. […]
