Hi, NewsWrap for July 06, 2023

06-July-2023: World Food India-2023, Rising Farm Subsidies, Distribution of Honey Bee-Boxes, APMC Amendment, FMCG Sector

6 July 2023

  • World Food India-2023: Roundtable with Agri-Food Processing Companies in New Delhi

    New Delhi witnessed an important investor roundtable interaction recently, co-chaired by the Secretary of the Department for Promotion of Industry and Internal Trade (DPIIT) and the Secretary of the Ministry of Food Processing Industries. The roundtable brought together leading global and Indian agri-food processing companies to discuss their future plans and prospects of partnership with the Ministry of Food Processing Industries (MoFPI) for the upcoming World Food India-2023 event.

  • Rising Farm Subsidies Posing Threat to Rice Supply Resulting in Higher Prices

    The global price of rice, which is currently at its highest level in 11 years, is expected to rise further due to India's decision to boost payments to farmers. This move comes at a time when El Nino threatens rice yields in major producing countries and the cost of alternative staples rises for impoverished populations in Asia and Africa.

  • Delhi LG Distributes Honey Bee-Boxes and Toolkits to 130 Beneficiaries

    The Lieutenant Governor of Delhi, Vinai Kumar Saxena, conducted a distribution ceremony of Honey Bee-Boxes and Toolkits, benefitting 130 individuals. The event, organized under the 'Gramodyog Vikas Yojna' of Khadi and Village Industries Commission (KVIC), Ministry of Micro, Small and Medium Enterprises, State Office Delhi, Government of India, took place at Chainsukh Vatika, Yamuna Pusta Road, Jagatpur village.

  • Karnataka Govt Withdraws APMC Amendment Amid Farmers' Concerns

    The Karnataka government made a significant move on Wednesday by tabling a bill that repealed the Karnataka Agricultural Produce Marketing (Regulations and Development) amendment. This amendment, which allowed for a free market and withdrew control of the Agricultural Produce Market Committees (APMCs) over agricultural produce, had been met with controversy.

  • FMCG Sector to Witness 7-9 % Surge in Revenue in 2023-24, Reports Crisil

    According to a recent report by Crisil Ratings, the fast-moving consumer goods (FMCG) sector is projected to experience a growth rate of 7-9% in the fiscal year 2023-24. Although this growth rate is slightly slower than the 8-9% recorded in the previous two fiscal years, it still indicates a positive trajectory for the industry.

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6 July 2023

That's it for for 6 July 2023
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