Food Financial News

As climate change makes storms more frequent and intense, Florida community foundations are looking for new ways to make sure they have resources on hand to support the public before, during and after a disaster

Syria's devastating civil war, now in its 14th year, remains largely frozen and so are efforts to find a viable political solution to end it

According to the latest figures from the British Retail Consortium and NielsenIQ, shop price annual inflation eased to 0.6% in May, its lowest level since November 2021, down from April's 0.8%. Hotter than expected UK inflation dampens June rate cut hopes Food inflation fell to 3.2% from 3.4%, its thirteenth consecutive decline, while non-food inflation remained in deflation, falling further to -0.8%, down from 0.6% in April, its lowest level since October 2021. Within food inflation, fresh food hit 2%, down from 2.4%, while ambient food inflation remained higher at 4.8% although t...

Inflation in the US saw a slower-than-expected rise in April, with the consumer price index (CPI) increasing by 3.4% year-over-year, according to the latest data. The core CPI, which strips out the volatile food and energy sectors, softened for the first time in six months.

Also Read: India's economy likely slowed to an annual 6.7% in January-March, its weakest pace in a year, finds report"Going forward, we expect investment growth momentum to sustain with extra fiscal space for infrastructure spending given a higher than expected dividend transfer by the RBI. As a result, we recently revised our growth forecasts for CY24 slightly higher by 10 bps to 6.7% YoY," Goldman Sachs analysts Santanu Sengupta, Arjun Varma and Andrew Tilton said in a note.India’s growth momentum remains strong and they expect the core inflation will bottom out in April-June 2024 and be around 4.0% - 4.5% in H2CY24.Meanwhile, the Monetary Policy Committee (MPC) members from the RBI have sounded cautious on sticky food inflation owing to supply side disruptions due to the ongoing hot weather conditions in many parts of India.

Dhaka Tribune reported, citing State Minister for Disaster Management and Relief Md Mohibbur Rahman. Moreover, 150,457 houses were damaged during the storm. Among these, 35,483 houses were fully damaged in 107 unions and 914 municipalities of Bangladesh, according to state minister. He spoke about the damage caused by cyclonic storm Remal during the press briefing held at the Secretariat on Monday.

Zomato and Swiggy working towards making existing customers order more frequently to drive growth. In fiscal 2024, Zomato’s average monthly transacting user base grew 8% year-on-year to 18.4 million. The pace of growth was 16% in the previous fiscal year.

the forecast comes as a relief after uneven precipitation and prolonged dry spell last year due to El Nino weighing on farm output that pushed up food prices and led the central bank to cut interest rates.“A normal monsoon forecast by IMD this year will bode well for Andhra Pradesh, Karnataka and Tamil Nadu, Maharashtra, Uttar Pradesh, Bihar and Odisha," Pushan Sharma, director-Research, Crisil Market Intelligence and Analytics, told Mint. However, statistically normal monsoon may not be enough and its spatial and temporal distribution will be critical. “For example, last year while monsoon was only 6% lower than LPA (long period average), its onset was delayed, and the spatial and temporal distribution was erratic.

Indian Express, citing food safety officials.The awful findings came to light after Telangana’s food safety department conducted inspections at some of the famous eateries.ALSO READ: Karachi Bakery expired products: Hyderabad store found violating regulations“Most shocking is the lack of basic hygiene in the kitchens, the use of products beyond their expiry date, and the mixing of prohibited synthetic colours in food preparations. Some of the kitchens had big garbage cans without lids," said Vijay Kumar, deputy food director at the Commissionerate of Food Safety, Telangana, as per the report.However, restaurants claim that they prepare meals in hygienic conditions.During the inspection at Shah Ghouse restaurant, the food safety officials claimed to have found semi-cooked food kept in unhygienic conditions in cold storage and stagnant water in the kitchen.ALSO READ: McDonalds, Theobroma outlets in Noida under FDA scanner after customer falls illHowever, the restaurant manager said: “No customer has ever complained of bad food at our restaurant," as per the report.The officials also claimed that they found insects in flour and tamarind at Rayalaseema Ruchulu; and from Rameshwaram Cafe, expired 100 kg urad dal and 10 kg curd were seized.“The waste bins in the kitchen were not covered.

India & Bharat ‘Rural India’ is an excessively elastic term which encompasses everything from the prosperous villages in Tamil Nadu’s industrial belt to water-starved hamlets of Vidarbha and Marathwada. But the vast heterogeneity notwithstanding, rural India has been reeling under some setback or the other for the past few years, from the demonetization of 2016 to the NBFC (non-banking financial company) liquidity crisis in 2018 and finally the hammer blow of covid-19 in 2020. A recovery in the farm sector, therefore, has been keenly awaited by both policymakers and corporate India.

Varun Beverages Ltd. traded 0.69 per cent down in Monday's trade at 01:33PM (IST). Around 24,731 shares changed hands on the counter. The scrip opened at Rs 1500.0 and touched an intraday high and low of Rs 1501.15 and Rs 1475.95, respectively, in the session so far. The stock of Varun Beverages Ltd. quoted a 52-week high of Rs 1560.3 and a 52-week low of Rs 754.35.

Federal Reserve's first-line inflation gauge is about to show some modest relief from stubborn price pressures, corroborating central bankers' prudence about the timing of interest-rate cuts. Economists expect the personal consumption expenditures price index minus food and energy — due on Friday — to rise 0.2% in April. That would mark the smallest advance so far this year for the measure, which provides a better snapshot of underlying inflation.

Sauce VC, which has backed new-age luggage brand Mokobara, healthy foods startup The Whole Truth and petcare firm Supertails, has launched its third fund with a target to raise Rs 250 crore, founder and managing partner Manu Chandra told ET. The New Delhi-based investment firm received clearance from the Securities and Exchange Board of India (Sebi) a few weeks ago for the new fund, Chandra said, adding that it aims to back 15-16 consumer brands in their early stages.

By R Gopalan and MC Singhi,

CG Foods, which makes India's third-largest instant noodles brand Wai Wai, is for the first time, reducing salt in its noodles by anywhere between 10% and 25% starting next quarter with select variants, Manvendra Amber Shukla, global chief executive officer of CG Foods, owned by Nepal-based diversified CG Corp Global, said in an interview. The move comes amid tighter regulation and heightened scrutiny on packaged foods. «What the government is doing (in terms of regulation) is definitely welcome; it is positive for consumers, and positive for the ecosystem and a responsibility of all organisations towards consumers,» he said. The salt reduction process will start with the spicier packs of Wai Wai, according to Shukla. «In India, starting next quarter, we will start the first phase of reduction of salt by 10% starting with spicy noodles. As we move forward, we will reduce salt up to 25% in other variants of our portfolio,» he said. Additionally, the group is working on plans to introduce healthier variants such as millet noodles and renewing focus on atta noodles.

ALSO READ: Labour’s Starmer Pitches for Scottish Votes on Path to UK Power“Britain today faces a future that is more dangerous and more divided.

career change, Priyanka Gupta has shattered all such stereotypes. Gupta, who is a graduate of the prestigious Indian Institute Of Technology Kanpur shocked the world, by making a bold career move — she left her job at a big MNC to pursue her dream of being a fitness coach. Her LinkedIn post went viral. In the post she talked about the difficult decision she took and how, despite tasting failure on her first startup, she decided to persevere. «I left a big MNC and my IIT pedigree attachment. Now, I help professionals stay fit and live longer. Like many of my fellow IIT buddies, right after graduation, I started chasing that golden ticket to financial stability. I was responsible for supporting my family and this was the most apparent path. After 5 years, when I took my first break from work, I got bugged by entrepreneurship. Don't know how. I wanted to start a home-cooked food delivery business. It didn't start. I could not get enough courage. And got dragged into 9-to-5 again,» she wrote.

But that could change after a Michelin-starred chef teamed up with the Florida-based startup Space Perspective to take fine-dining to our upper atmosphere in late 2025. Six guests are set to ascend aboard Spaceship Neptune to the stratosphere, where they will enjoy an immersive dining experience served up by Danish Michelin-starred chef Rasmus Munk.

Congress leader Shashi Tharoor slammed the BJP, saying that if the party comes to power again at the Centre, democracy will be in danger in the country. «If BJP forms the government this time, democracy will be in danger. If we want to save the country, the BJP will not have to be allowed to come to power again at the Centre. That's why I am asking for votes for Charanjit Singh Channi,» Tharoor told reporters here as he was in the state to campaign for former Punjab CM Charanjit Singh Channi, who is contesting from Jalandhar Lok Sabha constituency as Congress candidate. Tharoor alleged that the BJP wants to polarize voters on the basis of religion.

FSSAI has also advised that all activities related to the commercialisation of human milk and its products should be stopped.In an advisory dated May 24, titled ‘Advisory on Unauthorized commercialization of human milk and its products’, the FSSAI said that it is in “receipt of representations from various registered societies regarding commercialization of human milk and its products".It added that the FSSAI “has not permitted the processing and / or selling of human milk under FSS Act, 2006 and rules/regulations made there under."“Therefore, it is advised that all such activities related to the commercialization of human milk and its products should be immediately stopped.

food supplies waiting to enter the Gaza Strip from Egypt have begun to rot as the Rafah border crossing remains shut to aid deliveries for a third week and people inside the Palestinian territory face worsening hunger. Rafah was a main entry point for humanitarian relief as well as some commercial supplies before Israel stepped up its military offensive on the Gazan side of the border on May 6 and took control of the crossing from the Palestinian side.