FMCG giants such as Nestle, ITC, Parle Products, LT Foods, and Coca-Cola are adopting real-time data exchange and demand forecasting to prevent stock-outs at quick-commerce (Q-comm) platforms like Blinkit, Swiggy Instamart, BBNow, and Zepto.
LT Foods has announced that its flagship brand DAAWAT has been recognised as the 'Top Brand' in Canstar Blue's latest dry rice ratings in Australia.
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LT Foods Managing Director and CEO Ashwani Arora said: "Our ongoing efforts to expand our presence in India and International markets have yielded substantial results, with our total business growing by 13 per cent during H1 FY24 and profit after tax (PAT) grew by 55 per cent".
The government is likely to bring down the floor price (minimum export price (MEP)) for basmati rice, to $950 per metric tonne from $1,200 a metric ton.