ITC in talks to acquire MTR Foods and Eastern Condiments for $1.4 bn
ITC Ltd is in early discussions with Norway’s Orkla ASA to acquire its Indian subsidiaries, MTR Foods Pvt Ltd and Eastern Condiments Pvt Ltd, for approximately $1.4 billion, according to a report by Mint. This move aims to strengthen ITC’s presence in the southern Indian market. Orkla, which owns both brands, had previously explored the […]
G20: Food security is vital for peace, stability and human dignity, FAO says
Food security is about peace, stability, and human dignity, the Director-General of the Food and Agriculture Organization of the United Nations (FAO), QU Dongyu, told G20 Foreign Ministers gathered in Johannesburg to discuss the global geopolitical situation. According to the latest UN figures, 733 million people worldwide face chronic hunger, 2.3 billion are food insecure, […]
Govt wheat stock limit until 31st March, 2025
Government of India keeps a close watch on the prices of wheat and takes suitable appropriate interventions to ensure price stability for the consumers in the country. A total production of 1132 LMT of wheat was recorded during Rabi 2024 and there is ample availability of wheat in the country. In order to manage the […]
Bikanervala invests US$9.18M to launch new manufacturing facility in Dubai
Bikanervala, a global leader in Indian sweets and snacks, is investing AED 33.7 million to develop a state-of-the-art manufacturing facility at National Industries Park (NIP), strengthening Dubai’s position as a regional hub for food production. As announced during Gulfood 2025 in Dubai, the 161,000-plus square foot facility will serve as a critical production hub for […]
Food processing industry to reach USD 700 bn by 2030: PHDCCI
India’s food processing sector’s market size is estimated to more than double to USD 700 billion in 2030 from USD 307 billion in 2023, driven by growing demand for processed products, according to industry body PHDCCI. The association released a report ‘India’s Agricultural Transformation: From Food Scarcity to Surplus’. The food processing sector is expected […]
