Indian sugar export offers have slowed due to weak international prices, while raw sugar from centre-south Brazil muscled out competition from Thai sugar as millers in the number two exporter were reluctant to sell.
Wholesale wheat prices decreased by Rs 5 per quintal in restricted Saturday activity due to reduced offtake by flour mills against adequate supplies on increased arrivals.
India, the world's top sugar consumer, is raising the import duty on the sweetener to 15 percent from 10 percent currently to discourage overseas buying amid a drop in local prices due to ample supplies, two government sources said.
Top Indian sugar refiner Shree Renuka Sugars Ltd aims to soon begin exporting white sugar from its Haldia unit on the country's east coast to cash in on strong demand during the Ramadan festival.
Global Franchise Architects (GFA), a quick service restaurants (QSR) chain, plans to open 35 new stores across South India in 2013 with an estimated outlay of INR400m ($6.71m)
The Indian government launched a $22 billion welfare scheme on Wednesday to give cheap food to hundreds of millions of people, a centerpiece of the ruling Congress party's plan to win a third term in elections due by May 2014.
India reported its first outbreak of porcine reproductive and respiratory syndrome to the World Organisation for Animal Health (OIE). The outbreak was reported on a swine farm in Aizawal district of the Mizoram state.
Cafe Coffee Day, a division of India-based Amalgamated Bean Coffee Trading Company, plans to open 500 outlets in India by 2015 as part of a strategy to expand its presence in the country.
Both exporters and Marine Products Export Development Authority functionaries hope that the Department of Commerce will scale down the duty during the final determination, expected early September.
The Gujarat Cooperative Milk Marketing Federation (GCMMF) has reported a turnover of INR137.35bn during the year 2012-13, a growth of 18%, compared to INR116.68bn in 2011-2012.
Higher production and export of shrimp and chilled items drove India's marine products export to an all-time high of Rs 18,856 crore ($3,511.67 million) in 2012-13, rising 7.68% in quantity compared to the previous year.
On June 17, 2013, the Government of India’s Department of Animal Husbandry, Dairying and Fisheries notified the World Organization for Animal Health of country freedom from highly pathogenic avian influenza.
In a sudden development, Manu Anand, region president for India and South Asia at beverage and snacks company PepsiCo, has quit, in circumstances described by company insiders as less than amicable.
Gujarat Cooperative Milk Marketing Federation (GCMMF), an India-based milk co-operative operating under the Amul brand, is set to establish a new dairy plant in Kanpur, Uttar Pradesh, with an investment of INR1.5bn ($25.12m) .
Goodricke Group, an India-based teas producer, plans to purchase 2500 hectares of tea plantation area in the state of Assam with an investment of INR 2.5bn ($41.9m).
TATA Coffee, an Indian coffee producer and exporter owned by the Tata Group, has opened a premium coffee extraction plant at its Instant Coffee manufacturing facility in Theni, Tamil Nadu.