Food Financial News

A recall of Boar's Head products has expanded to include a whopping 7 million additional pounds of deli and poultry items in a deadly multistate outbreak of listeria infections.

Best smart refrigerators in India 2024: Top 9 ultimate choices that can transform homes2. Samsung 653 L, 3 Star refrigeratorThe Samsung 653 L Side By Side Smart Refrigerator offers spacious storage and energy efficiency, perfect for large families.

Mint caught up with the 40-something culinary expert in a busy market in the city’s Mahadevapura locality, she was about to enter a shop selling poultry and mutton. Asked why she was buying meat in person when she could do it from the comfort of her home, Geetha shot back, “Why would I go online when I can get fresh meat from the shop near my house?" At a time when they have grown accustomed to placing orders online and getting all their needs delivered to the doorstep, the vast majority of India’s carnivores steadfastly continue to buy their meat and seafood at neighbourhood outlets.

A dramatic jump in energy inflation was one of the key instigators of this inflation, rising from 0.2% to 1.3%, according to data from Eurostat.  Non-energy industrial goods also climbed marginally from 0.7% to 0.8%, while services inflation, which has remained sticky across the Eurozone, US and the UK, nudged down from 4.1% to 4%, back to its February and March levels. Food, alcohol and tobacco prices for consumers also fell slightly to 2.3%, compared to 2.4% a month before.  European Central Bank stands firm as it holds interest rates at 3.75% Prior to the inflation reading, t...

Nigerians are planning nationwide protests this week against the country’s worst cost-of-living crisis in a generation

The central bank of Japan has announced to raise key interest rates to 0.25% from its previous range of 0% to 0.1%. This is the second time since 2007 that the central bank has raised interest rates.

Reserve Bank of India (RBI) will keep interest rates steady for a ninth straight meeting in August due to persistently high inflation, with a slim majority of economists in a Reuters poll expecting the first rate cut next quarter.

The popular deli meat company Boar's Head is recalling an additional 7 million pounds of ready-to-eat products as an investigation into a deadly listeria outbreak continues

American consumers felt more confident in July as expectations over the near-term future rebounded

Starbucks’ revenue fell 1% in the April-June period as customer traffic weakened in the U.S. and China

States' Share of Taxes and Duties (21%)The largest portion of the budget is allocated to states, funding crucial projects in infrastructure, health, and education.Interest Payments (19%)A significant 19% of the budget is dedicated to servicing national debt. This commitment underscores the importance of maintaining financial stability and ensuring that past borrowings do not hinder future fiscal plans.Central Sector Scheme (16%)Central sector schemes, excluding capital outlay on defense and subsidies, receive 16% of the budget.Defence (8%)8% of the budget is allocated to defense.

Mint Tuesday. “We are very eager to do it. Maybe by the year end, if we can." The acquisitions would be in the kitchen essentials space, he said, adding that more targets are available among regional companies.

Airline catering company Gategourmet and unions representing about 8,000 workers say they have a tentative agreement on a new contract

The campaign of Republican gubernatorial candidate Mark Robinson is speaking against a state agency's report about a nonprofit owned by his wife

U.S. health regulators have approved a blood test for colon cancer, offering a new way of screening for a leading cause of cancer deaths

food inflation in India as analysts track food inflation with thali prices. Persistent food inflation has made the RBI's Monetary Policy Committee (MPC) hard in large measure due to prices of vegetables which are perishable in nature and also subject to vagaries of weather which have been made worse by climate change. Another item on the thali which keeps its price high is pulses, especially tur (also called arhar) dal which India imports in large measure. In June, prices of pulses surged 21.64% year-on-year, more than double the 9.21% increase seen a year ago, according to government data. India imported all major pulses, including tur, urad, masoor, chana and yellow peas, in 2023-24 due to low domestic production on account of erratic rainfall, spending around $3.74 billion during the financial year.

«So, food volumes are likely to grow further. Edible oil might stable at around 8% to 10% instead of 12%. And industry essentials would see same volume growth or little better going forward,» says Angshu Mallick, MD & CEO, Adani Wilmar. I was talking about the volume growth and the trends that we are watching out for in terms of volume growth, do you think this 12% growth is something that is sustainable for the rest of the year or could we expect better growth in FY25? Angshu Mallick: The volume growth has been strong where we clocked one million tonne this quarter. Going forward, we may see such kind of volume, but the Q2 may not see such robust volume growth. Q3 onwards, we are hopeful that edible oil again will have a bigger volume share. Second is that our food business has grown and double digit and a strong double digit we have been doing and there I think this volume will grow further. So, food volumes are likely to grow further. Edible oil might stable at around 8% to 10% instead of 12%. And industry essentials would see same volume growth or little better going forward.

inflation met with skepticism from many economists, who say it’s inappropriate to ignore the costs of everyday items that consumers can’t do without.

India's gold demand in the June quarter fell 5% from a year ago, but consumption in the second half of 2024 is set to improve due to a correction in local price following a steep reduction in import taxes, the World Gold Council (WGC) said on Tuesday.

The progress of the monsoon is a crucial near-term trigger for equity investors as it has a bearing on various macroeconomic parameters such as food inflation and rural demand. It also has consequences for companies in the automobile, fast-moving consumer goods (FMCG) and paints sectors, all of which have significant exposure to rural markets.

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