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The size of India’s biscuit and cookie market, valued at USD4.7 billion in 2019 by GlobalData, registered a sudden expansion during the Covid-19 related lockdown, due to a sharp increase in at-home consumption. The industry is growing at a rate of 9.7% annually, according to figures released by GlobalData, with sales moving towards healthier premium categories, such as low sugar digestive biscuits.…

The size of India’s biscuit and cookie market, valued at USD4.7 billion in 2019 by GlobalData, registered a sudden expansion during the Covid-19 related lockdown, due to a sharp increase in at-home consumption. The industry is growing at a rate of 9.7% annually, according to figures released by GlobalData, with sales moving towards healthier premium categories, such as low sugar digestive biscuits.…

Unprecedently severe bottlenecks in merchandise trades between Asia and the rest of the world caused by Covid-19 economic disruption is continuing to frustrate apparel retailers in Europe and the US. High levels of demand, port congestion and shortages of containers have been pushing up costs, with shipping rates for the Shanghai-Rotterdam and Shanghai-Los Angeles routes on January 21 being up 296% and 153% year-on-year respectively, according to UK-based maritime consultancy Drewry. …

IMPORTANT building blocks of anti-fraud regulatory and law enforcement policies and programmes for the European Union (EU) have been introduced in the past two months, as the EU continues to grapple with endemically high levels of financial crime and corruption.…

THE NEW trade and cooperation agreement struck on Christmas Eve by the European Union (EU) and the UK will preserve significant cooperation on anti-fraud matters. The 1,256 pages long agreement includes detailed provisions on exchanging criminal records, evidence, fingerprints, vehicle registration records and more.…

THE NEW trade and cooperation agreement struck on Christmas Eve by the European Union (EU) and the UK will preserve significant cooperation on anti-fraud and anti-money laundering matters. Keith Nuthall reports.

CRIME prevention managers and security officials within major companies will be relieved that there has been any agreement at all between the UK and the EU, as the transition period binding Britain to European law expired on January 1.…

BRITISH and European Union (EU) confectioners must take care to ensure their products meet new origin rules if they want them covered by the duty free goods provisions of the new EU/UK trade agreement struck on Christmas Eve.

The 1,256-page deal includes complex and comprehensive origin rules, such as for chocolate, which can be deemed made in the EU and Britain if all dairy, eggs and honey used are sourced locally, as well as at least 40% of grains, malt, starches and wheat, (which must also not exceed 30% of costs).…

WITH Brexit out of the way, as far forging as forging a trade agreement with the UK is concerned, the clear priority of the current European Commission is its European Green Deal policy, which will significantly impact Europe’s energy sector. One strand of this ambitious plan to deliver European sustainability and climate-change neutrality by 2050 is energy efficiency.…

The International Accounting Standards Board (IASB) is consulting on proposed new accounting requirements for mergers and acquisitions involving companies within the same group. At present IFRS 3 on business combinations covers mergers and acquisitions involving third party-owned businesses, not intra-group deals.…

WITH market researchers such as Polaris predicting that the global vegetable-based meat product market will generate USD35.4 billion in sales by 2027, major and small food tech companies are working hard to tap this growing niche. Polaris predicts that the segment will expand with a compound annual growth rate of 15.8% between 2020 to 2027, so there is space now for innovative products to attract market share.…