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• India not one market, state-wise focus crucial: Heineken

  Heineken, the world's second-largest brewer, is impressed by India's business environment and progressive policies, especially in the beer sector. Despite challenges like high taxes on beer compared to spirits, India's promising demographics and increasing affluence make it an attractive market. Heineken's Indian arm, United Breweries, sees significant growth potential, with plans to capitalize on branding and market execution. India's net revenue for Heineken has increased 20% organically, driven by volume and positive price mix.

  

• Australia's Coles eyes more product volume as cooling inflation lures shoppers

  That brought on a surge in purchases, and supermarket sales, the company's main earner, rose 5.1% to A$9.1 billion ($6 billion) in the 12 weeks to March 24, the company said in a trading update that did not include profit numbers or guidance. Analysts had forecast sales growth under 5%.

  

• Say goodbye to potatoes being as cheap as chips

  Europeans eat among the highest quantity of potatoes per capita of any region in the world — about 90 kilograms on average a year.

  

• Spirits market in India is surging at a record pace: Main factors and trends

  After the low during the pandemic when the spirits market shrank to 311 million cases in FY21, it recovered swiftly to add about 100 million cases in annual sales in just three years, reaching 412 million cases in FY24, industry executives said, citing latest excise department data.

  

• Govt allows onion export to Bangladesh, UAE, Sri Lanka & 3 more countries amidst domestic supply worries

  The Indian government has authorized the export of 99,150 metric tons of onions to Bangladesh, UAE, Bhutan, Bahrain, Mauritius, and Sri Lanka. This decision stems from lower estimated Kharif and Rabi crops in 2023-24 compared to the previous year, along with heightened international demand. The National Cooperative Exports Limited (NCEL) will oversee onion exports, sourcing them from domestic producers through competitive e-platforms.

  

• Food prices to ease post-June as above normal monsoon predicted in India

  The Indian government anticipates a decrease in food prices following forecasts of above-normal monsoon rains by the India Meteorological Department (IMD), as stated in the finance ministry's recent monthly economic review. The report highlights expectations of increased crop production due to favorable rainfall.

  

• Getir mulls sale of shopping platform n11 among options, sources say

  Getir grew rapidly during the COVID-19 pandemic, attracting high-profile investors and reaching a valuation of $12 billion two years ago as it established operations across Western Europe and in the United States.

  

• Tequila maker Becle's profit shrinks on slowing liquor consumption

  "We entered 2024 with momentum despite challenging macroeconomic conditions and slowing consumption in several of our markets," Becle said in a statement, adding that its strategy so sell more premium-priced liquors was having positive results.

  

• Japan's 7-Eleven convenience chain targets aggressive global growth

  Japanese retail giant Seven & i Holdings said on Tuesday it wanted to see huge growth for its 7-Eleven convenience store chain globally, and would be accelerating its entry into Europe, Latin America, the Middle East and Africa. It is aiming to boost the global number of 7-Eleven stores 18% to about 100,000 by 2030 and for the chain to be in 30 countries and regions, up from 20 now.

  

• UK's Sainsbury's targets 10% profit growth as it wins more shoppers

  Sainsbury's and Tesco, which this month also forecast a rise in profit this year, are pulling away from traditional rivals Asda and Morrisons, which are hamstrung by high debt. Under CEO Simon Roberts, Sainsbury's has matched discounter Aldi's prices on essential items and provided better offers for members of its Nectar loyalty scheme, financed by cutting 1.3 billion pounds ($1.6 billion) of costs over the last three years.

  

• Heineken sells more beer in Q1, sticks to outlook

  Heineken is focused on restoring volume growth this year, which was hurt in 2023 as it hiked its prices to offset the rising costs of everything from energy to barley.