Food & Beverage News

An organised show for unorganised sector
The Indian bakery industry is the largest among the processed food industries. The current estimated market is about Rs 3,295 crore and is expected to cross Rs 4,308 crore by 2012.

Bakery Business 2009 with bigger promises this year
Responding to the flourishing Indian bakery market – Hospitality First launched the annual Bakery Business Expo in 2006, a standalone event for buyers and sellers in the bakery to meet, network and transact business on their own turf.

Bakery products to become costlier
The Maharashtra Bakery Utpadak Shramik Mahasangh has called upon the bakery owners of the state to increase the price of bakery products as a means to fight closures due to inflation.

High input prices and VAT at 12.5% hit growth of bakery industry
While the growth rate of Indian bakery industry has been stagnating during the last 4 years, it has picked up momentum during 2007-08 and the first quarter of 2008-09 mainly on account of exemption from Central Excise Duty on biscuits with MRP up to Rs 100/per kg, as per Union Budget for 2007-08, according to Indian Biscuit Manufacturers’ Association (IBMA).

Of the total 13 million tonnes veg oil consumed in India, palm oil tops the chart with a 44% share
Where the consumption of oil is on a rise, the demand for fats is fast decreasing in India. The consumption of oil has increased from one kg per person per annum last year to 1.6 kg per person per annum, due to higher disposable income, changing food patterns and low oil prices.

AB Mauri launches fun bun and 2000 flavours
Bakery ingredients major, AB Mauri, launched “ Fun Bun” at the recently held Fi India in Mumbai. Fi India is a trade fair to provide a networking platform to the ingredient makers.

Ideal Group finds India a disposed platform to connect with the Middle East
When the UK-based Ideal Group established its base in India, one primary intention in mind was to create a quick channel in getting connected with the Middle East. The company that manufactures seasoning and functional ingredients, processed foods and snacks, is not more than a year old in India.

Bakery business down the ages
According to historical evidence, ancient Egypt was the home of modern bread. Archaeologists discovered grinding stones and baking chambers, as well as drawings of 4,000 years old bakeries and breweries. Wheat, which was the most common grain in Egypt, made excellent loaves.