Danone and Nestle, the leading consumer goods companies, said on Thursday that they will slow price rises in 2024, following two years of hikes that pushed many buyers to seek cheaper alternatives for essential items such as yoghurt and coffee. However, Danone, which owns brands such as Evian and Badoit waters and Activia yoghurt, warned that prices […]
The cost of a typical homemade vegetarian thali increased by 5 per cent in January, compared to the previous year, while the cost of a non-vegetarian thali decreased by 13 per cent, as reported on Wednesday. According to Crisil Market Intelligence and Analytics (MI&A) Research’s ‘Rice Roti Rate’ estimates, the prices of key ingredients like […]
Tamil Nadu State Marketing Corporation (TASMAC) on Monday announced that the excise tax on liquor is to be increased which is to be reflected on liquor prices in Tamil Nadu from 1 February. According to a release from TASMC Administration, “the excise tax on liquors is to be increased and therefore, liquor prices are to […]
Israel’s Ministry of Health published Sunday the principles of the outline for deepening the food reforms in the country with an emphasis on removing import barriers. The ministry said that in recent years many steps have been promoted in the field, including the opening of parallel imports of regular foods, the adoption of EU regulations […]
Israel’s Minister of Finance Bezalel Smotrich has signed orders reducing the excise tax and purchase tax imposed on gasoline. The orders state that during the month of August 2023, a purchase tax and excise tax in the amount of 2,582.35 Shekels (USD 700) per thousand litres (264 gallons) will be applied to gasoline, so that […]
Saudi Arabia, the world’s largest crude oil exporter, has announced voluntary output cuts in crude oil in response to a tighter market induced by global central banks’ interest rate hikes and inflationary pressures. These cuts, initially set for this month, now have been extended to include August. Additionally, OPEC+ has agreed to further reduce production […]
