Fast Moving and Changing the Game
Business Line
The decade started slowly for the FMCG industry with just 6 percent growth between 2001 and 2005. The stock market wrote off the industry as a defensive play. All of this has changed. Growth has accelerated to 17 percent and the industry has doubled in the last five years to reach Rs 1.3 lakh crore. Today almost every global FMCG company makes significant investments in India. And they compete with aggressive Indian companies which have grown in size and organisational capabilities. The last decade has seen the emergence of several significant players in the Indian market - Dabur, Marico, Emami, CavinKare, L'Oreal, Reckitt Benckiser, Pepsi, Coca-Cola, Parle.
http://www.thehindubusinessline.com/catalyst/2010/12/30/stories/2010123050060300.htm
Milk powder prices hit all-time high
Business Standard
Rise in prices needed to make milk remunerative for farmers.' After onions, it is now the turn of milk and milk products. Skimmed milk powder prices have touched an all-time high of Rs 165/kg, following the recent increase in milk prices. Milk is a major component in the food basket and has a weight of 4.37 percent in the wholesale price index (WPI). "This is an all-time high price, though there is negligible export. There has been a price increase of Rs 15-20/kg since pre-Diwali," said Kuldeep Saluja, Managing Director, Sterling Agro, which sells milk powder under the Nova brand. In the past, the government had banned milk powder export to control rising prices.
http://www.business-standard.com/india/news/milk-powder-prices-hit-all-time-high/420049/
No comments:
Post a Comment