Mondelez reportedly eyeing deal to acquire Hershey in $35 billion
Mondelez International is reportedly eyeing a potential acquisition of chocolate and snacks maker The Hershey Co. Mondelez has made a preliminary approach about a possible combination, Bloomberg reported. Mondelez had a market capitalization of roughly $84 billion, while Hershey was valued at $35 billion as of close. Mondelez, valued at $84 billion, is keen to […]
MoFPI promote of Millet-based Products
To promote the use of millets in food products and encourage value addition, the Government of India launched the Production Linked Incentive Scheme for Millet-based Products (PLISMBP) for the period FY 2022-2023 to FY 2026-2027, with an outlay of ₹800 crore. The scheme eliminates the threshold investment requirement, making it accessible to more applicants. To […]
Rising vegetable oil quotations push FAO food price index slightly higher in Nov.
The benchmark for world food commodity prices rose in November to its highest level since April 2023, increasing by 0.5 percent from October, driven by surging international vegetable oil quotations, the Food and Agriculture Organization of the United Nations (FAO) reported. The FAO Food Price Index, which tracks monthly changes in the international prices of […]
Govt launches 'Anna Chakra' to optimize PDS supply chain
Food and Consumer Affairs Minister Pralhad Joshi unveiled 'Anna Chakra', a groundbreaking supply chain optimization tool for the Public Distribution System (PDS). Developed in partnership with the World Food Programme and IIT-Delhi, the system leverages advanced algorithms to optimize foodgrain movement across the country's logistics network, an official statement said. The initiative covers 4.37 lakh […]
