1. The Indian nutraceuticals industry which is at USD2.2 billion, is expected to grow at 20 percent to USD 6.1 billion by 2019-2020.
2. Biscuits and confectionery manufacturer Parle Products, will only be focussing on its existing range of products,to consolidate its market position over the next 1-2 years rather than launching new items.
3. The Rs.175 Crore, Homegrown food brand Sankalp will make its food retailing foray by March to compete with MTR, GITS and McCain with a range of ready-to-eat and ready-to-cook processed foods.
4. Monsanto India shares jumped 18 per cent in morning trade and was headed towards its biggest daily gain since September 2014, on reports that Govt may back GM crops.
5. Edible oils experienced a mixed trend on the Bombay Commodity Exchange. Imported palmolein, soya oil and cotton refined oil declined by ₹3, ₹5 and ₹5 for 10 kg each.
2. Biscuits and confectionery manufacturer Parle Products, will only be focussing on its existing range of products,to consolidate its market position over the next 1-2 years rather than launching new items.
3. The Rs.175 Crore, Homegrown food brand Sankalp will make its food retailing foray by March to compete with MTR, GITS and McCain with a range of ready-to-eat and ready-to-cook processed foods.
4. Monsanto India shares jumped 18 per cent in morning trade and was headed towards its biggest daily gain since September 2014, on reports that Govt may back GM crops.
5. Edible oils experienced a mixed trend on the Bombay Commodity Exchange. Imported palmolein, soya oil and cotton refined oil declined by ₹3, ₹5 and ₹5 for 10 kg each.
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