Edible oil imports jump 11% in December, may rise further on duty cut
India’s import of vegetable oils were up 11 per cent in December 2018 due to a supply glut in major producing countries such as Malaysia and Indonesia and growing consumption in local markets here. Data compiled by the apex industry body the Solvent Extractors’ Association (SEA) showed India’s total vegetable oil import at 1.21 million […]
Natural Ice Creams plans to launch another 125 stores over the next five years
Natural Ice Creams is, on the back of its rebranding efforts, in expansion mode. Currently, with 125 stores across India, the brand is looking to enter its third metro – Kolkata – soon, having covered Mumbai and Delhi in addition to other tier-2 cities. Natural’s FY18 revenue stood at Rs 129 crore and it is […]
FSSAI eyes tech change to omit transfat
In its attempt to eliminate transfat from the Indian food industry by 2022, the food safety regulator Food Safety and Standards Authority of India hopes to make stakeholders adopt technological changes to migrate to healthier alternatives. “Eating food filled with transfat increases the risk of coronary heart disease by clogging the arteries; which is why, […]
French multinational Danone to re-enter India with Rs 182 crore investment
Exactly a year after announcing its exit from the dairy business in India, French multinational food products giant Danone is leading an investment of Rs 182 crore into local yogurt maker Epigamia, a move that will help the company retain a presence in the market although a top company executive downplayed speculation of a revival […]
Govt ropes in Nafed for buying perishables in glut areas
The government has roped in organisations like Nafed to undertake procurement of perishables from glut areas and sell them in places having high demand in a bid to ensure better prices to farmers, Food Processing Minister Harsimrat Kaur Badal said. A mechanism is being worked out to link producing states with consuming states under the […]
