Food Financial News

Welcome to New Jersey, known around the world for Tony Soprano, Turnpike tolls, chemical plants, and

Conservatives are calling for a boycott of Tyson Foods after false claims spread online that the company planned to hire 52,000 people who came to the U.S. illegally

María de los Ángeles Pozo used to get a little notebook laying out her family’s rations in Cuba’s subsidized neighborhood stores

“One of the important risks to the macro environment this year is rupee depreciation and consequently its impact on CAD,” says Dr. Poonam Tandon, Chief Investment Officer at IndiaFirst Life. In an interview with ETMarkets, Tandon said: “Another challenge is the monsoon (if it's going to be a normal one with good spatial distribution) as food prices are already at elevated levels,” Edited excerpts: It has been a volatile month so far – what is fueling volatility in the markets? Dr Poonam Tandon: This month has been volatile for equity markets as a few announcements by the regulators caught the market by surprise – be it restricting IIFL Finance to disburse fresh gold loans followed by restriction on JM Financials for IPO financing and later the ED raids as reported in the media.

minimum wage with living wage by 2025 and has sought technical assistance from the International Labour Organization (ILO) to create a framework for estimating and operationalising these, ET has learnt. Living wages – a minimum income necessary for a worker to meet their basic needs, factoring in key social expenditure by an individual such as housing, food, healthcare, education and clothing – were endorsed by the ILO earlier this month. These would be higher than basic minimum wages. “We could go beyond minimum wages in a year,” a senior government official told ET. The ILO had agreed on the reform at its 350th governing body meeting in Geneva that concluded on March 14. There are over 500 million workers in India and 90% of them are in the unorganised sector where many draw a daily minimum wage of `176 or more, depending on the state where they work. However, this national wage floor — not revised since 2017 — is not binding on states and hence a few states pay even less than that.

India has called for prioritising issues such as access to finance including trade finance, manufacturing concentration, food security, and reducing transaction costs in international trade and services for discussions in various bodies of the World Trade Organization (WTO). «Cross-cutting real-life trade issues which impact the developing countries disproportionately» such as access to technology, bridging digital divide, supply chain resilience, and enhancing effective aid for trade that is effective, demand driven, untied, and has recipient ownership should be taken for discussion on a priority basis," New Delhi said in its submission on 30 years of WTO and how the development dimension has progressed. «If a large part of the membership believes that their agenda is not in lockstep with the priorities of this organisation or the messaging being delivered to the external world...a sense of defeatism and decline in members' interest in the working of this organisation is imminent,» it said.

Packaged food and beverage companies are stepping up supplies on the ground ahead of the coming general election, as large rallies and outdoor gatherings raise demand for low-priced biscuits, snacks and beverages. The Election Commission of India (ECI) announced dates for the 2024 Lok Sabha election on 16 March. Voting will start on 19 April, and go on till 1 June, across seven phases.

Investing.com — Investors will be looking ahead to data due out when markets are closed on Friday for the latest read on U.S. inflation. Several Federal Reserve officials, including Chair Jerome Powell, are slated to speak and their comments will be closely watched after last week’s dovish remarks by the Fed head. Here’s what you need to know to start your week.

Zomato's top executives were on Zoom call lasting more than 20 hours after the food aggregator announced of their 'pure veg' food delivery service, which led to huge backlash, chief executive officer Deepinder Goyal told NDTV in an interview. This service by Zomato will exclusively enlist restaurants offering solely vegetarian cuisine. Delivery partners assigned to this service will strictly deal with vegetarian food packages and will not handle any non-vegetarian items.

The Lancet, a weekly medical journal. It is already below the universally accepted replacement rate of 2.1 – the study estimated the rate at 1.91 for 2021. TFR refers to the average number of children born to a female throughout her reproductive lifespan (from 15 to 49 years of age).

global warming and other human threats like underwater noise, pollution and disrupted food sources, according to a new stocktake of their population. Researchers found the greatest genetic differences among the blue whale populations in the eastern Pacific, Antarctic subspecies and the pygmy subspecies of the eastern Indian and western Pacific. Blue whales average about 27 metres in length. Natural selection could be one of the reasons behind these differences, they said. «Each of these groups need to be conserved to maintain biodiversity in the species, and there are indications that natural selection in different environments contributed to driving genetic differences between the high-level groups,» said Catherine Attard, College of Science and Engineering, Flinders University, Australia. He is the first author of the study published in the journal Animal Conservation.

booming ecommerce market is spurring a packaging makeover among consumer goods makers, as they chase the growing number of online shoppers. Companies are seeking to make their products more robust to survive the rigours of shipping, with some saying they have already seen results, in the form of fewer returns. ITC, for instance, changed the cap of shower gels to prevent leakage even when there is no scotch tape. This is one among changes in the packaging design for most of its fast-moving consumer goods (FMCG). Parle Products is adding protective layers for its `30-80 biscuit packs, which mostly sell online. It has also introduced a separate outer packing for bundled biscuit packs to be sold online, to ensure they are not broken. Goods sold online change hands more times than offline, often being roughly handled by delivery personnel, company executives said, adding that the chances of leaks or transit damage increase while shipping individual units.

Reliance Infrastructure and Reliance Power were among the top gainers. Apart from the above two, EMudhra, Swan Energy, Vadilal Industries, Capacite Infraprojects, Dhani Services, Praj Industries, Force Motors, Sapphire Foods India, Artemis Medicare Services, Skipper, JSW Holdings, Varroc Engineering, BEML, Finolex Industries, Cochin Shipyard, Novartis, Chalet Hotels, among other smallcaps logged a double-digit rise in their share prices last week. On a weekly basis, the BSE benchmark climbed 188.51 points or 0.25 per cent, and the Nifty went up by 73.4 points or 0.33 per cent. Auto stocks jumped 1.67 per cent, taking weekly gains to 4.23 per cent.

Dividend Stocks: Shares of some companies such as SBI Cards and Payment Services, CRISIL Ltd, REC, among others will trade ex-dividend in the coming week, starting from Tuesday, March 26. Along with these, some other firms will also trade ex-split, ex-rights, and ex-bonus, according to data on the BSE. The ex-dividend date is the day on which the equity share price adjusts to reflect the next dividend payout.

NOTE:The following article contains content that some might find disturbing. Please read at your own discretion.

Certain Medicare patients may get help paying for the popular weight-loss drug Wegovy, as long as they also have heart disease

Three antitrust lawsuits filed by food businesses in federal court in Minnesota this week accuse some of the largest U.S. sugar-producing companies of conspiring to fix prices

A study by an environmental scientist and the European Central Bank finds that food prices and overall inflation will rise as temperatures climb with climate change

A butcher shutting down his shop barely eight months after opening it

The European Commission wants to prevent Russia from using agriculture products as a tool to wreak havoc on the EU market and will impose tariffs on grain imports from Russia and Belarus