Food Financial News

The figures, released today (20 September) by the Office for National Statistics, followed a revised 0.7% increase in July and significantly surpassed the 0.4% forecast by economists. Sales volumes jumped 2.5% in the year to August, the largest annual increase since February 2022, driven by strong performances in the food and clothing sectors. Warm weather boosts retail sales in August as focus turns towards Autumn Budget Food stores sales volumes rose by 1.8% last month, following a rise of 0.3% in July. Sales volumes increased by 0.6% year-on-year, marking the largest annual rise...

The döner kebab is beloved in Berlin

Tupperware filed for bankruptcy protection Tuesday amid slumping sales and rising debt, the news unlocked an airtight seal of nostalgia for many who fondly recalled Tupperware parties and childhood leftovers. Hearts ached for a brand that was seemingly conjoined with the American kitchen — and working women — for decades. But no matter what happens with the brand, the name Tupperware will never go away — not really. That's because many consumers will continue to refer to their resealable food containers as Tupperware, even if those containers are not Tupperware. (Most of them aren't.) And that may have been a part of Tupperware's problem. In marketing parlance, a phenomenon that is likely to have played at least a small role in Tupperware's demise is known as genericization, which is when a brand name becomes so well known that it supplants the product itself. Think of brands like Kleenex, which is synonymous with facial tissue, or X-acto, which has become a stand-in term for any type of modeling knife.

Sean Diddy Combs, the hip-hop mogul, known for his brilliant contacts in the music industry and even in the Royal Family, has not been granted bail and will be kept in prison during the trial for quite some now. With his case going to a grand jury, anything can happen at the trial, and he may face severe prison time for his alleged deeds, that even involve coercing women for 'fulfilling his sexual desires'.

The Platform 2, the sequel to the dystopian horror hit The Platform. As part of their Geek Week celebrations, Netflix has released a chilling new trailer, giving fans a taste of what’s to come in this follow-up film. With a cast led by Milena Smit (of The Snow Girl), Hovik Keuchkerian (Money Heist), Natalia Tena (Game of Thrones), and Óscar Jaenada (Luis Miguel: The Series), the film promises more suspense, horror, and social commentary, set to hit the streaming platform in just a few weeks on October 4, as per a report by Collider.

ease of doing business, imports, GST rates and misconceptions about processed food items. During the meeting, food companies demanded reduction in GST rates of many food items. A high-level CEO roundtable, under the co-chairpersonship of Commerce & Industry Minister Piyush Goyal and Food Processing Industries Minister Chirag Paswan, was organized as part of World Food India 2024 event being held during September 19-22 in the national capital. It laid «focus on promoting investment and enhancing Ease of Doing Business and was attended by over 100 CXOs,» an official statement said.

It’s harvest time in central New Hampshire

Subscribe to enjoy similar stories. In a bold move, the US Federal Reserve kick-started its monetary policy easing cycle with a 50 basis point (bps) interest rate cut, bringing the Fed funds target range to 4.75-5%. The market was widely anticipating a 25 bps rate cut (one basis point is 0.01%).

Sri Lankans who usually vote along religious and ethnic lines will be keeping another factor in mind when they vote Saturday on a new president

Narendra Modi on Thursday said the government has undertaken many reforms in the last 10 years for the growth of the food processing sector and the effort is to ensure that India sets global benchmarks for innovation, sustainability and safety in the food sector. The Prime Minister's message was read at the third edition of World Food India 2024, which is being held in the national capital from September 19 to 22. The event will see participation from over 90 countries. «In the modern era, through progressive agricultural practices, strong administrative frameworks and cutting-edge technologies, our effort is to ensure that India sets global benchmarks for innovation, sustainability and safety in the food sector,» Modi said. During the last 10 years, he said the government has introduced wide-ranging reforms to transform the food processing sector.

Aam Aadmi Party leader Atishi set to be sworn-in as Delhi's new Chief Minister on September 21, a cabinet rejig has also been announced by the party on Thursday. The Arvind Kejriwal-led party has named Mukesh Ahlawat, MLA from Sultan Pur Majra, as part of the new cabinet. Meanwhile, Ministers Gopal Rai, Kailash Gehlot, Saurabh Bharadwaj, Imran Hussain who currently handle Environment, Finance, Health and Food respectively, have been retained in the new cabinet.

Tupperware, the plastic kitchenware that revolutionized food storage after World War II and became inextricably linked to the parties where women seeking a measure of financial independence and fun in midcentury America sold the colorful products, has filed for bankruptcy. Tupperware Brands, the Orlando, Florida-based consumer goods company that produces the iconic line of containers, said it was seeking Chapter 11 bankruptcy protection after struggling to revitalize its core business and failing to secure a tenable takeover offer. Despite enjoying the same cultural ubiquity as Kleenex, Teflon and other brands whose trademarked names are eponymous with entire product categories, Tupperware has suffered from waning sales, rising competition and the limitations of the direct-to-consumer marketing model that once defined its success.

Throughout Bogota, tiny corner restaurants serve amazing Colombian food. For outsiders, El Chato is a must-try for local cuisine. This contemporary Colombian bistro, led by Paris- trained chef Alvaro Clavijo, debuted on the World's 50 Best Restaurants list in 2023, and climbed eight places in 2024. El Chato interior spans two floors, with the second level offering a view of the kitchen and the eatery's fabulous spice library. Committed to redefining local flavours, Clavijo explores his country, searching for new produce to include on the extensive a la carte and tasting menus. The focus is on creating dishes that enhance Colombian ingredients, such as chicken hearts with candied native potato and suero costeno, a fermented-milk-based condiment; mussels with coconut rice and arracacha, a root vegetable; and lobster with tamarind and ant.

Their sturdy construction ensures even heat distribution, reducing the risk of hot spots and promoting better cooking results. Whether you're a home cook or a seasoned chef, a saucepan with a lid is indispensable for making everything from quick weekday dinners to more complex recipes, offering convenience and versatility in every use.

Tupperware Brands TUP.N filed for Chapter 11 bankruptcy protection late on Tuesday, succumbing to mounting losses amid poor demand for its once-iconic food storage containers.

Tupperware Brands has filed for Chapter 11 bankruptcy protection

Euro India Fresh Foods Ltd.(up 20.00%), Bikaji Foods International Ltd.(up 6.11%), JHS Svendgaard Laboratories Ltd.(up 3.61%), Nestle India Ltd.(up 1.98%), Gillette India Ltd.(up 1.23%), Mrs. Bectors Food Specialities Ltd.(up 0.96%), Vadilal Industries Ltd.(up 0.82%), Prataap Snacks Ltd.(up 0.61%), Marico Ltd.(up 0.48%) and Hindustan Foods Ltd.(up 0.33%) stood among the top gainers.

agricultural commodities – wheat, rice, edible oil, sugar, pulses and vegetables will not see any sharp rise during the upcoming festive season, said Sanjeev Chopra, food secretary on Wednesday, adding that the government will restore the distribution of 35 lakh tonnes of wheat for PMGKAY which it had replaced with rice during the last two years due to lower. He also added that the proposal for easing restrictions on exports of white rice and parboiled rice is under consideration and the decision will come at an appropriate time. “We are not anticipating any kind of price rise in any commodity during the festive season,” said Chopra, adding that the restoration of wheat for PMGKAY will add to the wheat availability, keeping a check on prices of the staple.

Subscribe to enjoy similar stories. Supply-side forces had driven India’s annual inflation to a high of 6.0% and 6.4% in 2020-21 and 2022-23 respectively, amid pandemic-led supply chain disruptions, high commodity prices, sticky service-sector pressures and elevated core inflation. Headline inflation has since drifted lower, notwithstanding sequential swings around the monsoon months and on weather-related triggers.

food inflation, State Bank of India (SBI) chairman C S Setty has said. The US Federal Reserve's first cut in interest rates in more than four years is expected soon, triggering central banks in other economies to follow suit. «On the rate front, a lot of central banks are taking independent calls. While Fed rate cut would influence everyone, RBI would be mindful of the food inflation before taking a call on interest rate cut,» Setty, who took over the reins of the bank recently, told PTI in an interview. «That is what our view is, and our view is also that the rate cut during the current calendar year may not happen, probably we may have to wait for Q4 (January-March 2025) unless there is a good improvement in terms of food inflation,» he said.