AGP Executive Report
Last update: 2 hours agoConsumer Goods: Tata Consumer’s second-quarter profit rose 16% to ₹469 crore as packaged foods and drinks supported growth beyond tea and salt; the company plans to launch protein water and expand into functional foods. Smithfield Foods’ third-quarter sales fell 8.3%, though packaged-meat operating profit edged higher. Beverage Markets: Korean drink brands are gaining global traction: Lotte Duty Free says sales of Korean alcohol to foreign customers jumped 275% in January–September, while Korean food companies generated $95 million in export consultations at SIAL Paris. Food Safety: Nigeria’s Ondo State medical association urged a crackdown on counterfeit drinks, warning they may pose serious health risks; it said reported cases among young people are still under investigation. Food Prices: The UK government says tariff cuts on more than 100 products, including chocolate, baked beans and plant-based drinks, could save households up to £21 a year. Farming: A new East African project will use wild potato varieties to help breeders develop crops better able to withstand heat, erratic rainfall and disease.
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