India becomes Bacardi’s second- largest rum market by volume

Source: ETRetail.com, Aug 19, 2019

MUMBAI: India has outpaced Mexico to become Bacardi’s second largest market for rum by volume, as consumers gradually shift to pricier products across the spirits segments in a largely whiskey-dominated market.

Bacardi sold about 1.7 million cases of its eponymous brand in India, compared with 1.4 million in Mexico in 2018. A year earlier, both countries had similar volume sales at 1.4 million cases, according to the International Wine and Spirits Research (IWSR). The US remained the largest market for the Bermuda-based company with rum sales of 6.4 million cases.

“We see lot of consumers upgrade to higher-priced rum and other spirits which helped us grow about 19% last year since most of our brands are into premium segments. India is also a top priority market for us globally, and we have been investing in bringing newer brands and supporting infrastructure last year,” said Sanjit Randhawa, the managing director at Bacardi India. “The market also bounced back after highway ban and regulatory issues a year ago.” Read the rest of this entry »

Vegetable oil import up 26% in July, palm oil shipment highest in 6 yrs

Source: Business Standard, Aug 14, 2019

Vegetable oils import rose 26 per cent to 14.12 lakh tonne last month on sharp jump in shipments of refined palm oil — highest since May 2013, according to industry body SEA.

Imports of vegetable oils (edible and non-edible) stood at 11.19 lakh tonne in July last year.

Edible oil import increased to 13.47 lakh tonne from 10.53 lakh tonne, while non-edible oil import fell to 64,119 tonne from 65,825 tonne, the Solvent Extractors’ Association of India (SEA) said in a statement.

During November 2018 to July 2019 period, the overall import of vegetable oils went up 5 per cent to 112.8 lakh tonne against 107.6 lakh tonne in the corresponding period of the previous year. Oil year runs from November to October. Read the rest of this entry »

Amazon to launch food delivery service in India

Source: ETRetail.com, Jul 30, 2019

Amazon is planning a foray into the burgeoning online food delivery business in India this year, two sources aware of the development said, in a move that could raise competition in an increasingly crowded market.

The Seattle-based company is working with local partner Catamaran, founded by IT industrialist Narayana Murthy, and has begun hiring staff for the new operation, the sources said, declining to be named because the plans had yet to be made public.

Amazon is aiming to launch the new service delivering from restaurants ahead of the festive season, which kicks off in September, one of the sources said. India’s rising middle class has driven the growth of the online food delivery sector, with research firm RedSeer Consulting saying order numbers rose 176 per cent in 2018. Read the rest of this entry »

PepsiCo to invest Rs 514 cr to set up snacks plant in UP; create 1,500 jobs

Source: Business Standard, Jul 28, 2019

New Delhi: Food and beverages major PepsiCo India on Sunday said it plans to invest Rs 514 crore over the next three years to set up a greenfield snacks manufacturing plant in Uttar Pradesh.

The new investment plan is in line with PepsiCo’s goal to double its snacks business in the country by 2022 and is expected to help create over 1,500 jobs, both direct and indirect, the company said in a statement.

A memorandum of understanding (MoU) for the project was signed between the company and the Uttar Pradesh government at the ground-breaking ceremony of the investor summit in the state in the presence of Home Minister Amit Shah and Chief Minister Yogi Adityanath, it added. Read the rest of this entry »

FSSAI calls for colour-coded labels on products with high fat, sugar content

Source: ETRetail.com, Jun 27, 2019

Makers of chips, soups, biscuits, juices and other packaged foods will soon have to display red colour coding on the front of packets of products that have high levels of fat, sugar or salt content as per the regulator’s new draft of labelling regulations.

The food industry has expressed its concerns over the draft of the proposed changes in labelling rules drawn up by the Food Safety and Standards Authority of India (FSSAI). Read the rest of this entry »

FSSAI plans to expand notified entry points for food imports

Source: The Hindu Business Line, Jun 20, 2019

New Delhi: The Food Safety and Standards Authority of India (FSSAI) plans to increase the number of notified entry points for food imports in the country. This is being done as part of its efforts to facilitate ease of doing business while ensuring the safety of the food products imported into India.

“In order to put in place a robust food regulatory framework at the point of entries to prevent entry of unsafe or sub-standard food into the country, it is proposed to notify 132 Points of Entries…..covering seaport, airports, ICD (Inland Container Depot), LCS (Land Customs Stations) and SEZs as food import entry points,” a notice outlining the proposal said. These entry points are spread across the country. Currently, FSSAI has notified Authorised Officers at 416 locations to regulate import of food items. Of this, while 20 locations are supervised by FSSAI officials, 396 locations are manned by Customs officials. Read the rest of this entry »

World Food India meet on Nov 1-4

Source: The Hindu Business Line, Jun 17, 2019

New Delhi: The World Food India event will be held during November 1-4 in the national capital as part of the government’s effort to boost investment into this growing sector, Food Processing Minister Harsimrat Kaur Badal said Monday.

This will be the second edition of World Food India, with first one held in 2017 that saw the participation of 61 countries and signing of MoUs worth $14 billion.

The World Food India 2019 will be held from November 1-4, 2019 in New Delhi and will position India as food processing destination of the World, Badal said in an official statement.

The grand event will be the biggest gathering of all global and domestic stakeholders in this sector, she said.