Food Production

UN calls for $2.6 trillion investment to reverse land degradation by 2030

To hit $2.6 trillion - approaching the annual economic output of France - the world needs to close an annual gap of $278 billion, after just $66 billion was invested in 2022, the UN said

Mexico announces food, agri plan that could take country back to 1980s

Mexico's new president announced a new agriculture plan Tuesday that could make the country's food production and distribution look a lot more like it did in the 1980s, when meals in Mexico were dominated by tortillas, beans, instant coffee and cheap hot chocolate. Four decades ago, the ingredients for those meals were often bought at government stores that stocked a few basic goods. President Claudia Sheinbaum pledged Tuesday to revive those often shabby, limited government stores and continue efforts to achieve food sovereignty. It is about producing what we eat, Sheinbaum said of her policy, whose main focus will be on increasing bean and corn production. Sheinbaum appears to have a deep interest in boosting beans. On Monday, she said, It is much better to eat a bean taco than a bag of potato chips." Agriculture Secretary Julio Berdegu said the focus would be on guaranteeing prices for farmers who grow corn used for tortillas and lowering tortilla prices by 10%, after prices ju

Domestic food market likely to grow by over 47% to touch $1,274 bn: Report

The domestic food market is expected to grow by over 47 per cent to reach USD 1,274 billion by 2027, a report released by the Confederation of Indian Industry and supported by Danfoss India said. India's food processing industry sees innovative startups emerging with cutting-edge technology, the report titled 'Food Processing Sector in India - Potential for Southern States. and released by CII, CII FACE (Confederation of Indian Industry -- Food and Agriculture Centre of Excellence) and Danfoss India, said. Danfoss India is a leader in heating, ventilation and air-conditioning and is the subsidiary of Denmark-headquartered engineering major Danfoss. Some of the key highlights of the report, which was released at the CII-FoodPro 2024 include the potential that southern states hold for food processing industry. "Tamil Nadu leads India's export of processing fruits, juices and nuts, with a 33 per cent share by quantity and 27 per cent by value, exporting 2,08,370 metric tonnes worth US

Govt to monitor prices of 16 more food items daily to stabilise rates

The Department of Consumer Affairs has already been monitoring the daily prices of 22 essential food commodities from 550 centres across 34 states/Union Territories

2024 wheat output seen at 105 mn metric tonnes, 6.25% below govt estimates

Wheat inventories in government warehouses fell to 9.7 million metric tons at the start of March, the lowest since 2017

Ahead of 2024 Lok Sabha elections, taming food prices govt's priority

Food prices have a direct bearing on poll preferences of the voter and in the past there have been instances when governments have been voted out due to rising food inflation

National Chili Day 2024: Everything you need to know about its importance

Chili peppers, also chile or chilli, are kinds of the berry-fruit of plants from the genus Capsicum. In many cuisines, chili peppers are frequently used as a spice to add "heat" to dishes

Wheat output may touch record 114 mn tonnes in 2023-24 provided normal temp

Wheat production is expected to touch a new record of 114 million tonnes in the ongoing 2023-34 crop year on higher coverage and provided weather conditions remain normal, a top food ministry official said on Wednesday. The last leg of sowing of wheat, the main rabi (winter) crop, is underway and will continue till next week. Till last week, wheat was planted in 320.54 lakh hectares, as per the official data. Wheat production stood at a record 110.55 million tonnes in the 2022-23 crop year (July-June), compared to 107.7 million tonnes achieved in the previous year. "We expect that total area under cultivation of wheat will increase this year and God willingly if the climate is alright the production will be 114 million tonne that's what the agriculture ministry has indicated informally to us," Food Corporation of India (FCI) Chairman and Managing Director Ashok K Meena told reporters. Area sown to wheat crop is also showing an increase compared to the last year. There was a deficit

UAE investors eye infra, education, food processing, fin sectors: Goyal

Investors from the UAE are keen to invest in different sectors in India such as clean energy, infrastructure, education, healthcare, food processing, and financial services, Commerce and Industry Minister Piyush Goyal said here on Thursday. He was in Abu Dhabi for the 11th meeting of the India-UAE High-Level Task Force on Investments. The airline sector holds a lot of promise for UAE investors in India as New Delhi is giving lot of thrust on travel and tourism sectors, he told reporters here. Investors are very very keen to invest in infra projects, education projects, healthcare and are looking at food and food processing in a very big way," the minister said. The UAE companies are also showing a lot of interest in financial services, he said. "I believe that in the days ahead, we will see significant flow of investments both in public markets and in the manufacturing and services sector," he said. Pharma, roads and highways, ports, other infra activities, clean energy, green ..

Govt forms National Turmeric Board, aims to boost sector's global dominance

India holds the title for being the world's largest producer, consumer, and exporter of turmeric

After denying rice to Karnataka, FCI struggles to find bidders in e-auction

Only private entities were eligible to participate in the auction

Alibaba Group co-founder Jack Ma turns up in Japan as college professor

Jack Ma is expected to conduct research, in sustainable agriculture and food production. He will also give seminars on entrepreneurship and innovation

Guterres asks G20 for pact to hold down warming amid food crisis warnings

he cautioned that "the climate time-bomb is ticking", he also sounded a note of hope: "Today's IPCC report is a how-to guide to defuse the climate time-bomb. It is a survival guide for humanity"

Wipro Consumer enters food category; acquires Nirapara for undisclosed sum

The acquisition will give Wipro Consumer Care and Lighting an entry into the Rs 70,000-crore spices market, which recently witnessed the entry of companies such as Dabur India

Maharashtra's Kavalapur cultivates carrots on 450 acres every year

Kavalapur village in Miraj taluka of Sangli district is known as "Carrot village" because the villagers cultivate carrots on hundreds of acres here

Nestle has bigger appetite for India; increasing presence in rurban markets

The Swiss processed foods maker has significantly upped investments in its Indian subsidiary to expand its penetration in 'rurban' markets

More price increase unlikely this financial year: Britannia MD Varun Berry

Berry told Business Standard in an interview that the company was aiming to increase its revenues from cheese products by five times within the next five years

Momo brand Prasuma to expand cloud kitchen venture by 200 units by 2025

Company will expand business in Mumbai, Delhi, Bangalore, Chennai, and other major cities

Marico expands plant-based protein portfolio with Saffola Soya Bhurji

Product launched in Bengal, Delhi and Mumbai across general trade; will be available pan-India in phases, and across modern trade and major e-commerce platforms as well

India's inflation numbers may be lower than official data suggests: Report

India's inflation numbers might be better than official data suggests once the massive impact of a government food program is factored in, according to a report released Monday