sugar industry stocks: From food to fuel: What sparked the transformation in sugar industry?

The Indian sugar industry, the second largest global producer after Brazil (~36.5 MT), with 30.8 MT of production in the sugar season (Oct-Sep) 2020-21, was traditionally known for exports, cyclicity and its high operating costs. Synopsis The sugar sector is undergoing a massive revolution and has emerged as a powerful driver of clean energy, accelerating … Read more

‘Day by day’: Trade bans, inflation send food prices soaring

Breadcrumb Trail Links PMN Business Author of the article: The Associated Press Aya Batrawy, Eileen Ng, Omar Faruk And Kareem Chehayeb Publishing date: Jul 23, 2022  •  32 minutes ago  •  5 minute read  •  Join the conversation Article content Soki Wu’s food stall, tucked in a food court in a shopping mall in Singapore, is … Read more

Pizza Hut hut faces probe in China amid improper food safety allegations (NYSE:YUMC)

Andy Feng Yum China (NYSE:YUMC) owned Pizza Hut has been forced to close multiple locations in China while opening many more to regulatory reviews as it the chain is hit by allegations of food safety violations. Per the state-backed Global Times, two branches in Beijing have been closed in recent days due to “poor sanitation”, … Read more

How Canine Heart Disease was Tied to Grain-Free Dog Food

In 2018, the U.S. Food and Drug Administration, acting on input from a group of veterinary researchers, began investigating whether the increasing popularity of grain-free dog foods had led to a sudden rise in a potentially fatal heart disease in dogs, dilated cardiomyopathy. Four years later, the FDA has found no firm link between diet … Read more

Traders body CAIT seeks withdrawal of GST on pre-packed food items

Traders body CAIT on Wednesday demanded the rollback of the 5 per cent GST on pre-packed and labelled food items, saying the decision has put an “unnecessary burden” on the general public and traders. The Confederation of All India Traders (CAIT) sent a letter to chief ministers and finance … Read more

HC stays guidelines prohibiting levying of service charge on food bills

The Delhi High Court on Wednesday stayed the recent guidelines prohibiting hotels and restaurants from levying service charge automatically on food bills. Justice Yashwant Varma, while dealing with petitions by the National Restaurant Association of India (NRAI) and Federation of Hotels and Restaurant Associations of India challenging the Central … Read more

No food, no fuel and no jobs: the economic catastrophe engulfing Sri Lanka

Before Sri Lanka’s economy collapsed, 50-year-old Nazir would spend scorching hot days hauling carts packed with rolls of fabric, stacks of coconuts and sacks of garlic through the narrow streets of Colombo’s Pettah market. Now, wearing a black cap, T-shirt and grey trousers, Nazir sits idle in front of dozens of empty carts, listening to … Read more

No GST on food items when sold loose, clarifies FM Nirmala Sitharaman

Union Finance Minister Nirmala Sitharaman on Tuesday said the mass consumption items such as pulses, wheat, rice, flour, and curd will not attract the 5 per cent goods and services tax (GST) when sold loose, and not pre-packed or pre-labelled. The clarification came amid protests and widespread criticism by … Read more