Food Financial News

Future Consumer Ltd.(up 5.56%), Honasa Consumer Ltd.(up 2.14%), Zydus Wellness Ltd.(up 1.56%), Sheetal Cool Products Ltd.(up 0.44%), Hatsun Agro Products Ltd.(up 0.16%), Godrej Consumer Products Ltd.(up 0.14%), Jyothy Labs Ltd.(up 0.14%), Tasty Bite Eatables Ltd.(up 0.13%), Mrs. Bectors Food Specialities Ltd.(up 0.08%) and Procter & Gamble Hygiene & Healthcare Ltd.(up 0.07%) were among the top gainers.

Crime Scene Kitchen' will return as Season 3 soon. After season one became the No. 1 new series during the summer of 2021, its second season averaged 2.5 million multi-platform viewers. Buoyed by the success of these two seasons, Fox has announced its third season. According to 'Variety', Allison Wallach, President, Unscripted Programming, of FOX Entertainment said on Monday that Season Three of 'Crime Scene Kitchen' will premiere this year. He also confirmed that Joel McHale will return as host and Executive Producer and chef Curtis Stone and cake artist Yolanda Gampp will be celebrity judges of the show. Allison Wallach told reporters that 'Crime Scene Kitchen' is a fun, fresh show with an entirely original mix of culinary sleuthing and brilliant baking that the whole family can enjoy. He added further that Joel, Curtis and Yolanda’s chemistry have made the show a clear fan favorite, and he is excited to bring a new season to the table.

By Neil Jerome Morales and Mikhail Flores

ONDC) completed more than 7.1 million cumulative orders in February since its inception in January last year. Here’s a look at all the key facts and numbers of the platform that promises to democratise ecommerce.

MEXICO CITY (Reuters) — Mexico's inflation rate likely eased in February, a Reuters poll showed on Monday, reinforcing bets that the country's central bank could lower its key benchmark interest rate as soon as this month.

WASHINGTON (Reuters) — Five months into the fiscal year, congressional negotiators have unveiled the first tranche of bills to avert a partial government shutdown, with Republicans and Democrats touting the portions of the legislation that embraced their key priorities.

₹4 trillion. To put it in context, that is around 8% of the budget’s total expenditure, second only to defence in its non-interest expenditure pie. Add to it separate outlays from state governments—state-level top-ups for minimum support prices (MSPs), power subsidies, etc—and the amount is likely to go up substantially.

Custom duties and charges shall not be levied on medicines, drugs and therapies for rare diseases, the Delhi High Court has clarified in a recent order. Justice Pratibha Singh said that whenever medicines are brought in respect of rare diseases, the custom authorities shall ensure that the same are cleared expeditiously and no unnecessary impediments are caused in ensuring that the same reach the concerned hospital. The judge also asked the HC registry to communicate the order to the Central Board of Indirect Taxes and Customs for immediate compliance.

consumer landscape is shifting in various ways which keeps retailers on toes. Recently released Household Consumption Expenditure Survey data showed Indians are spending less on food, particularly staples like rice and wheat, and more on discretionary items such as processed food, as well as durables like televisions and fridges. Already a premiumisation trend is sweeping across categories for the past few years. Charting out shifts in India's retail sector, a joint study by Boston Consulting Group (BCG) and Retailers Association of India (RAI) brings good news as well as bad news for Indian retailers. The good news is Indian retailers have a vast business growth opportunity to capture. India continues to be a bright spot among top global economies with a robust GDP growth of 7% in 2023. It is projected to overtake Germany & Japan to claim the 3rd spot by 2030. Private consumption at the same time remains strong. India retail is expected to reach $2 trillion in the next 10 years and presents a large opportunity for retailers, says the report titled 'Unlocking the $2Tn retail opportunity in the next decade'.

Canada’s biggest grocers are investing money and space in discount stores such as No Frills, Food Basics and FreshCo as shoppers look for ways to save on food amid the higher cost of living.Converting grocery stores to discount is a relatively easy move, experts say, and one that is helping the grocers keep profits steady despite consumers seeking ways to rein in their spending.“There’s all sorts of things that … people are doing, but one of them is looking for cheaper options. And so they are going to discount stores,” said Michael von Massow, a food economy professor at the University of Guelph.Each of the major Canadian grocers has several different store brands, also known as “banners” — from high-end to conventional to discount.

non-basmati white rice to Tanzania and 80,000 tonne of broken rice to Djibouti and Guinea Bissau. The export is permitted through National Cooperative Exports Limited (NCEL), the Directorate General of Foreign Trade (DGFT) has said in a notification. Though exports of non-basmati white rice have been banned since July 20, 2023 to boost domestic supply, exports are allowed on the basis of permission granted by the government to certain countries to meet their food security needs on request. Tanzania is an East African nation, while Djibouti is at the northeast coast of the African continent.

The European Union says it will pay $54 million to the main provider of aid in Gaza next week

More than 61,000 pounds of steamed chicken soup dumplings sold at Trader Joe’s are being recalled for possibly containing hard plastic, according to U.S. regulators

By Moira Warburton

Samara Capital, along with a consortium of investors including Convergent Finance, is setting up a roll-up platform for packaged foods for which it has earmarked $150 million. It will explore M&As in mid-sized packaged foods as bolt-on or tuck-in acquisitions, pursue organic growth, and sign licensing deals to bring global food brands to India, executives directly aware of the development said. The platform will be similar to Sapphire Foods, which Samara Capital had set up for food services, which operates Yum! Brands' quick-service restaurant (QSR) chains KFC and Pizza Hut in India. The Samara Capital-backed platform, to be called Agro Tech Foods, has begun with Sundrop edible oil, peanut butter and ACT II popcorn as its first brands.

Madhya Pradesh, on March 1-2 attracted investment proposals of over ?1 lakh crore, with domestic conglomerate Adani, multinational company Pepsi and Singapore's electronic group Samcom participating in the event. Among the major investors, Adani has promised Rs 75,000 crore of investment, Pepsi has proposed Rs 1,250 crore investment in Vikram Udyogpuri of Ujjain, LTI Mindtree has inked an memorandum of understanding to invest Rs 500 crore and Singapore's Samcom expressed interest in wind and solar energy projects. The event attended by Madhya Pradesh chief minister Mohan Yadav witnessed participation from delegates from developed countries like the US and UK, African nations and Asian countries.

Every time farmers agitate in Delhi to cut a deal with the government, I wait for a slew of comments that say the “real issue" is that “farming is unremunerative." This is said by those who have compassion for farmers and also those who dismiss their demands. What they mean, in modern parlance, is that farming has a bad revenue model. If the world’s most popular consumer behaviour, eating, cannot make food production “remunerative," it makes me wonder what exactly is lucrative.

Yogurt sold in the U.S. can make claims that the food may reduce the risk of type 2 diabetes, based on limited evidence, the U.S. Food and Drug Administration said Friday. The agency agreed that there is some evidence, but not significant scientific agreement, that eating at least 2 cups of yogurt per week may reduce the chance of developing the disease that affects about 36 million Americans. FDA has allowed qualified health claims — a claim that lacks full scientific support but is allowed as long as there are disclaimers to keep from misleading consumers — for dietary supplements since 2000 and foods since 2002. The agency had faced lawsuits that challenged the standard of requiring scientific agreement based on claims that it violated free speech guarantees.

Rameshwaram Café near the tech hub of Whitefield to the National Investigation Agency (NIA) if such a need arose, Chief Minister Siddaramaiah said on Sunday. The incident has left 10 persons injured and one person has lost an eye. The government has announced it will meet the treatment expenses of all the injured persons. The CM, speaking to the mediapersons at Chikkamagaluru on Sunday, said the central crime branch (CCB) was probing the case, and the persons behind the explosion were still at large, The government, he added, was pursuing the case seriously.

India's move to block a China-led investment facilitation pact in the recently concluded WTO ministerial meeting in Abu Dhabi will help promote multilateral agreements in the 166-member global trade watchdog, according to experts. The ministerial conference (MC), the highest decision-making body of the World Trade Organisation (WTO), concluded late night on March 1. The talks, which were to end on February 29, got extended by almost two days due to a logjam among members on key issues like agri, fisheries subsidies and the e-commerce moratorium. International trade experts stated that India's principled stand in opposing the addition of the IFDA (Investment Facilitation for Development Agreement) into the WTO is based on its longstanding support for multilateralism. A group of over 120 nations, led by China, tried to push the IFDA to integrate into the WTO as a plurilateral agreement at the 13th MC meet in Abu Dhabi, UAE.

NEW DELHI : Dismal sales of ‘Bharat’ rice, a subsidized grain aimed at helping curb its market price, have made the Centre changed its strategy. The government’s new plan is to take subsidized rice as well as atta (wheat flour) to markets where their intake is high in a targeted attempt to increase their consumption and cool prices, two senior officials aware of the matter said. The new plan is in the works after only 7.2% of Bharat rice, compared to a high 84.6% of Bharat atta that were lifted from government warehouses by three agencies managed to sell, the first of the two officials said on condition of anonymity.