Sauces and dips get a boost as Indians cook more at home during pandemic lockdown

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Sauces-dipping and cooking as a food segment is seeing a steady spike as people are getting swish with their culinary experiments to bring home the joys of dining out, as many restaurants, cafes, and pubs continue to remain shut to curb the spread of coronavirus. According to data from Kantar Worldpanel, which tracks purchases of […]

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Falling prices, Covid uncertainty to temper Australia’s agri earnings

Agriculture’s crop-led recovery from drought remains on track but falling prices and global economic uncertainty from COVID-19 is forecast to temper earnings, the Australian Bureau of Agricultural and Resource Economics (ABARES) said in a statement. ABARES’ September Agriculture Commodities report forecast the gross value of production to stay unchanged at $61 billion despite a significant […]

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Amid COVID-19, India’s GDP to contract by 9% in FY2020, next fiscal’s growth seen at 8%, says ADB

 India’s gross domestic product (GDP) growth for fiscal year (FY) 2020 ending on 31 March 2021 is forecast to contract by 9.0% as the coronavirus disease (COVID-19) pandemic weighs heavily on economic activity and consumer sentiment in the country, according to a new report by the Asian Development Bank (ADB). In its Asian Development Outlook (ADO) […]

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COMMENT – Monsoon’s munificence may only lighten India’s economic gloom

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The rain god’s bounty with the seasonal monsoon has lightened the sombre mood in the Indian economy, stirring hopes of a demand pick up during the upcoming festival season. After an exceptionally wet monsoon season between June and end-August that saw rainfall at 107.5% of the long period average, rains have petered out again in September. But the […]

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India’s growth hopes chase monsoon’s vagaries amid record plantings

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Farmer Rao Talib rues that a late monsoon burst has partly damaged his rice crop in the northern Khedi Shikohpur village near Dehradun, but he is still hopeful that the harvest will be enough to see his family through the Covid pandemic. The responsibility of maintaining a large family of nine has grown as recently one […]

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Interview – Covid-19 to wipe off 70 percent of India’s ice cream sales, industry staring at uncertain future

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The Indian ice cream industry, one of the leading consumer businesses impacted badly by the Corona pandemic, is not hopeful of an early recovery considering the structural damages it has suffered since the beginning of this financial year, a senior industry officials said. Ashish Nahar, Secretary, Indian Ice Cream Manufacturers Association (IICMA) and Director of […]

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Weekly Wrap – India expects V-shaped post-Covid recovery; agro remains bright spot

India’s Finance Minister Nirmala Sitharaman said in her ministry’s monthly review that the country is witnessing a V-shaped economic recovery and attributed the steep 23.9 per cent contraction of the economy in the June quarter to “stringent lockdown” that was put in place to curb spreading of coronavirus infections.  Further, the report said the country […]

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Interview – The great lockdown to permanently shut up to 35 percent of India’s restaurants

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A large chunk of public services and private business might be getting back to normal, but economic devastation caused by the Great India Lockdown triggered by fears over Covid-19 has created a huge crisis for the country’s restaurant business, the head of the apex industry body said. Anurag Katriar, President, National Restaurant Association of India […]

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