FOOD TRENDS
Outgoing RBI policymaker contradicts central bank on food risks
Jayanth Rama Varma — an academic whose four-year term as an external member on the monetary policy committee comes to an end in early October — said over the past year or so, “food inflation has consisted largely of transient spikes that do not spill over into core inflation.”
MPC should pay more heed to core inflation, says outgoing member Ashima Goyal
Ashima Goyal, a member of India's Monetary Policy Committee, emphasized the importance of focusing on core inflation for long-term household inflation expectations. She suggested that the committee should provide guidance on liquidity conditions. Goyal highlighted that recent interventions in India's monetary policy have helped lower inflation and stressed the need for supply-side action to ensure non-inflationary growth.
ITC shifts gears with new food range for those over 45
ITC Foods is turning its attention to consumers aged 45 and above, a group frequently overlooked for younger demographics. Known for brands like Aashirvaad atta and Sunfeast biscuits, ITC is launching a new health-focused line, including upma, oats, cookies, and enriched atta, under the "right shift" brand.
MPC should pay more heed to core inflation, says Ashima Goyal
Ashima Goyal, a member of the Monetary Policy Committee (MPC), emphasized the need to focus more on core inflation due to its significant impact on household inflation expectations. Goyal's term on the MPC will end in early October. Additionally, she suggested that the MPC should expand its role to include providing guidance on liquidity conditions in the banking system.
Fssai tells companies to stop making A1, A2 claims on dairy products
The Food Safety and Standards Authority of India (Fssai) has directed companies to stop using labels such as 'A1' and 'A2' on dairy products like milk, ghee, butter, and curd due to lack of differentiation in food laws. This move is intended to prevent misleading marketing that claims A2 milk is healthier. Companies have six months to exhaust existing labels. This action ensures consumers receive accurate information about dairy products' nutritional value.
High rates food for thought, but inflation on Governor Das' plate
The views in India's Monetary Policy Committee have become louder with outgoing members Ashima Goyal and J R Varma warning about the risks of a 'higher-for-longer' interest rate approach to economic growth. Both members voted for a repo rate cut, citing concerns over excessive monetary tightening's impact on growth.
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RBI MPC Minutes: Food inflation pressures showing little signs of abatement, warns RBI
The Reserve Bank of India’s latest Monetary Policy Committee meeting minutes revealed that headline inflation rose to 5.1% in June, driven by food prices. Although future inflation might be lower due to the base effect, persistent food inflation remains a concern. The RBI has kept the repo rate unchanged at 6.5% to monitor these economic conditions.
11 Kitchen Scales to elevate your cooking precision in 2024
In the world of cooking and baking, accuracy can make the difference between a dish that's merely good and one that's outstanding. With the right kitchen scale, you can measure ingredients with precision, follow recipes with confidence, and achieve perfect results every time. Here are 11 best kitchen scales for 2024, showcasing a range of options from high-tech digital scales to classic mechanical designs.
Amul emerges as world's strongest food and dairy brand, topping global rankings in Brand Finance Food & Drink 2024 Report
The annual report by Brand Finance, a global brand valuation consultancy, highlights the growing influence of Amul in the international market.
FMCG players expect volume trends to sustain amid rising demand in rural markets
FMCG firms reported rural demand resurgence and strong e-commerce growth, especially through quick commerce, in the June quarter. Companies like HUL, ITC, and Dabur, despite high food inflation, are optimistic about future growth due to favorable monsoons and government policies boosting the rural economy. Traditional urban channels showed some slowdown.
Kamala Harris offers proposals to cut food and housing costs, trying to blunt Trump's economic attacks
Vice President Kamala Harris announced economic proposals focused on reducing taxes and lowering costs for essentials such as groceries and housing. She promoted a federal ban on price gouging and down payment assistance for first-time homebuyers. Harris emphasized tax breaks and expanding credits for middle- and lower-income families, continuing Biden administration priorities.
Focus on cycles, not structural trends; better opportunities in 4 sectors: Anish Tawakley
Anish Tawakley, Deputy CIO-Equity at ICICI Prudential AMC, emphasized focusing on economic cycles over long-term trends. He highlighted opportunities in autos, capital goods, and real estate sectors, mentioning concerns in the banking sector's unsecured lending space. The economy is still in an upcycle, making selective investments vital for potential earnings surprises.
The problem of crimes stemming from hunger
Dogs foiled a burglary at a maker of Goa’s chouriço sausages, leading to the thieves' capture. Christopher J Garcia’s 'Food & Crime' traces food theft's history, from minor thefts to major heists. Ongoing food trends and economic disparities keep food theft relevant, reflected in stories like 'Les Miserables' and mythology.
Stock Radar: 50% rally in 3 months! This packaged foods maker hits a fresh record high in August; time to buy or book profits?
The stock of the packaged food maker rose from Rs 518 on May 7th to Rs 786 on August 7th, 2024, marking an increase of over 51% in just three months. After reaching above the 700 level in June 2024, the stock became range-bound but found support above the 40-DMA on the daily charts and rebounded. It recovered its losses and broke out of its consolidation range on the daily charts earlier this week, closing at Rs 785 on August 7th.
Inflation in India: There's too much food on table to make Indians and RBI worry
India Inflation RBI: India faces a challenge with high food inflation, significantly impacting the Consumer Price Index. The RBI has maintained its stance on inflation, focusing on preventing spillovers from persistent food price hikes. The government and RBI are working to balance price stability, but food inflation remains a significant concern for policymakers and consumers.
Paris Olympics Javelin Finals: Why Pakistan's Arshad Nadeem is trending in India? His record vs Neeraj Chopra
The javelin finals at the Paris Olympics have drawn significant attention due to the rivalry between India's Neeraj Chopra and Pakistan's Arshad Nadeem. Neeraj Chopra, the defending Olympic champion, secured his spot in the finals with a powerful throw of 89.34m, despite an adductor injury. Arshad Nadeem, the reigning Commonwealth Games champion, also qualified with a throw of 86.59m. This rivalry has captivated fans in both India and Pakistan.
Changing consumer trends: Premium outperforms mass as ‘new’ India seeks quality of life
Demand for premium products, including hair serums and fabric conditioners, has grown significantly in the last two years, driven by increasing affluence and changing consumer preferences. Companies like Hindustan Unilever and Mondelez India have seen notable growth in their high-end product sales, indicating a shift towards quality and convenience in consumer choices.
Govt to keep a watch on prices of 16 more food items
The government will monitor daily prices of 16 more essential food items from August 1, increasing the total to 38. This initiative is intended to stabilize prices and help with policy decisions. An updated app was introduced for easier price reporting. Additionally, a fund of Rs 10,000 crore was set aside for price stabilization.
Broom with 'Nutrition Facts' label goes viral; netizens call it 'Best diet for weight loss'
A Reddit post showcasing an Indian broom with a mock 'nutrition facts' label has gone viral, amusing users with its absurdity. The broom, typically plain, features detailed nutritional information usually found on food items, such as calories, fat content, and ingredients like yellow stoneground corn and canola oil. This quirky packaging twist, resulting from a labeling mix-up with tortilla chips, has sparked widespread laughter and witty comments online.
Here's what Delhi and Mumbai love to eat: NRAI’s comprehensive food order report
A recent study by the National Restaurant Association of India reveals that Delhi-NCR residents favor North Indian snacks over international dishes. The organized food service sector in the region is valued at Rs 42,002 crore. Delhiites dine out frequently, preferring fine dining, while Gurugram residents opt for quick-service restaurants. The report also highlights increasing dining-out habits post-pandemic and issues with food delivery apps.
Hungry for more: Food deals trending on startup street
Coffee, burgers, dosas and other brands scoop up new capital. Venture funds are investing in brands like FirstCoffee, AbCoffee, Café Amudham, Curefoods' Eatfit, Cakezone, aided by Sujeet Kumar, Binny Bansal. Curefoods seeks Rs 100 crore expansion.
Billionaire Goenka slams US restaurant charging Rs 1400 for a piece of dosa
The 'All Day Breakfast' menu at the unnamed restaurant offers whimsically named dishes such as the "naked crepe" for dosa, "dunked doughnut delight" for vada, and "dunked rice cake delight" for idli. Although these playful names might amuse you, the prices are likely to be quite surprising.
No movies, no books, no food or water: Would you try 'rawdogging'on your next long-haul flight?
The latest trend in air travel, "rawdogging," involves passengers disconnecting mentally by avoiding all forms of entertainment and stimulation during flights. This extreme practice challenges individuals to push their boundaries by sitting passively and abstaining from any engagement or external stimulus.
Experts take note of a clear shift in India's fitness & nutrition trends
The growing demand for nutritional guidance and fitness coaching is driven by increased awareness of lifestyle disorders and dietary habits. Social media has amplified this consciousness.
How the Olympics can drive a food revolution?
The Olympics have played a significant role in transforming food cultures globally. The 1988 Seoul Olympics highlighted Korean dog meat dining, leading to increased opposition and eventual bans as pet ownership rose. The 1964 Tokyo Olympics introduced French chefs to Japanese cooking, influencing nouvelle cuisine. The 1992 Barcelona Olympics showcased Spanish molecular gastronomy. The 1956 Melbourne Olympics revolutionized Australian cuisine by bringing in European chefs and promoting fine wines.
10 Best Tea Bags in India: Brewing Brilliance
This article reviews the 10 best tea bags available in India, highlighting their key features, flavors, and customer feedback. It covers a range of tea types, from classic black to aromatic herbal blends, catering to diverse tastes. Whether you're a tea enthusiast or a casual drinker, this guide helps you find the perfect tea bag.
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