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-Press Release  StoreKing, India’s only rural retail ecosystem that connects suppliers/brands and financial institutions to rural consumers with Kirana as an anchor, conducted a study to understand consumer consumption behaviour during the lockdown period. The study conducted across 22,000 rural Kirana stores monitored purchase habits in categories like Baby Care, Food and Beverages, Home Care and Personal Care Staples. Highlights of the study: · The study reveals that Chips, Biscuits, and Popcorns consumption grew by 83% · However, additives and packed food like ready to cook and eat, mayonnaise, chutney, flavoured juices saw a sharp drop across states · With…

-Press Release  Timios, a Bangalore based healthy food brand for children, has partnered with TraceX Technologies, a blockchain powered agritech platform, to provide end to end traceability for its recently launched Porridge range for babies.  Through this partnership with TraceX, Timios aims to provide complete product transparency for its Porridge range. From supply of raw materials and manufacturing, to dispatch and tracking of the product, customers can track and trace the journey of the product at every step. The information is directly extracted from the blockchain proving the provenance and providing credibility to the claims. Timios Porridge range is a…

-CB Edit Desk BL Agro Industries Limited, a Rs 2500 crore edible oils and food products company in India, is on an aggressive expansion mode, with extensive brand endorsements, to reach out to its target audience as reported in BI India Partner. The company which recently launched TVCs for its brands, Bail Kolhu and Nourish has rolled out its expansive marketing plans for the fiscal year 2021-22. The company would be investing in a media mix, of mainline, digital and innovative media vehicles lead by Television, to create brand positioning resulting in consumer awareness and demand of BL Agro’s products…

-CB Edit Desk The Hotel Association of India (HAI), the apex body for hotels, has appealed to Prime Minister Shri Narendra Modi for immediate intervention to provide relief to the hospitality industry which is on the verge of collapse, HAI said in a statement on Wednesday, as reported by Business Standard. The lobby has sought intervention in five key areas. These include a one-time settlement of loans and extension of loan moratoriums till September 2021 and waiver of all statutory liabilities at Centre, State and municipal levels for the pandemic period. The increasing loan burden at a time of almost…

-CB Edit Desk  The Federation of Hotel & Restaurant Associations of India (FHRAI) on Wednesday said that it has submitted a representation to the finance minister, Nirmala Sitharaman ahead of the GST council meeting scheduled on 28 May, as reported by The Mint. The industry body has requested the council to include key policy measures required to revive hospitality industry. FHRAI requested for the threshold limit for charging GST at 18% on hotel room tariffs be raised from the present Rs.7,500 to Rs.9,500 for bringing parity of rates between the rupee and the dollar. The threshold limit for zero GST…

-CB Edit Desk  The Food Sterilization Equipment Market is predicted to grow at the rate of 6.36% CAGR by 2026. Food sterilization equipment helps to eliminate, remove, kills, or deactivates all forms of life and other biological agents from the food products. Food sterilization equipment supports fighting molds and different microbes in excitements and herbs, from Business Wire. There are numerous types of food sterilization equipment, which are used to treat all types of food products like milk, beer, juices, fish, meat, and many more. The temperature and duration required for the sterilization by using the food sterilization equipment depend…

-CB Edit Desk As per the report published by Fior Markets, the global pasta & noodles market is expected to grow from USD 68.24 billion in 2020 and to reach USD 90.49 billion by 2028, growing at a CAGR of 3.66% during the forecast period 2021-2028 as reported by Global Newswire. The pasta & noodles market is witnessing significant growth form the past years. In many civilizations, such as Japan, Korea, and China, noodle soup is a favorite. It is also eaten on a daily basis in many European countries. These regions have a wide variety of goods that they…

-CB Edit Desk  India is preparing a stimulus package for sectors worst affected by a deadly coronavirus wave, aiming to support an economy struggling with a slew of localized lockdowns, people familiar with the matter said as reported by Bloomberg. The finance ministry is working on proposals to bolster the tourism, aviation and hospitality industries, along with small and medium-sized companies, the people said, asking not to be identified as the deliberations are private. The discussions are at an early stage and no timeline for an announcement has been decided, they said. A finance ministry spokesman declined to comment to Bloomberg.…

-CB Edit Desk Quick Service Restaurants (QSRs)—fast food outlet where people pay for food at the counter before consumption—have gained a major market share in a significantly shorter period, as reported by swarajyamag. In March 2020, the Government of India temporarily closed public places like hotels, restaurants and food outlets as a precautionary measure to curb the spread of the coronavirus. During such a situation, QSRs turned to the food delivery sector, and several foodservice companies adopted the concept of takeaway services to deliver safe, hygienic and customised orders to the customers—which helped them to sustain and continue the business. Now,…

-CB Edit Desk  Edible Oil industry players today cautioned the government against resorting to any knee-jerk reaction of lowering import duties to cool down domestic prices, saying it could have a ‘very negative’ impact on oilseed farmers, kharif planting for which will start in the coming few weeks, as reported by Business Standard. That apart, the global edible oil markets have already started softening which might lead to a drop in domestic prices in the next week to 10 days, the industry said. The industry associations, traders and stakeholders expressed their views during a meeting called by the union government…