Finns Foraging For Cheap Food Shows Price Of Aaa Obsession

D.C. food truck operators feel the pinch of a government shutdown

VIENNA, VA, JANUARY 9, 2013: Winter salad of shaved cucumber, radish and endive with lemon vinaigrette. Dishware courtesy of Crate & Barrel. (Photo by ASTRID RIECKEN For The Washington Post)

We put all of our savings into this business. Its kind of a perilous time now. On Thursday afternoon, Layth Mansour was pacing near his trucks, Philadelphia Steak Bites and Georges Buffalo Wings , which were parked on C Street SW, just outside the LEnfant Plaza Metro station. The nearby Transportation Department and Federal Aviation Administration buildings were apparently hit hard by the shutdown; Mansour said sales at both trucks were down 65percent. His business, he added, employs 12 people. Im not going to be able to afford the employees, Mansour said as he stood on the nearly empty sidewalk. Im losing money if I come out now. Mansour figured that if the shutdown was not resolved by Monday, hed pull his trucks off the street, essentially putting a dozen more people out of work. The proprietors of the Stix truck have already cut loose their prep and grill cooks because were unable to pay them, co-owner Leah Perez said. Its just pretty sad out there. Josh Saltzman, co-owner of the PORC truck , has decided to take his vehicle off the streets. It took just one day of vending for Saltzman to make the call. On Tuesday, his barbecue truck stopped at Franklin Square, a normally reliable sales location not dependent on federal workers. His sales were off by 50percent.

Yet the measures agreed on by his six-party coalition have so far led to a shrinking workforce while food prices are rising at almost double the average pace in the European Union. Consumer willingness to spend and buy houses has been wiped out by fiscal policy, Tuulia Asplund, a Helsinki-based economist at Svenska Handelsbanken AB, said in a phone interview. Interest rates may be low, but demand for home loans is plummeting, retail sales volumes are still contracting and registrations of new cars is shrinking. Tax increases and other austerity measures are behind this. Bond Markets Finlands government has refused to repeat the stimulus program that helped the Nordic economy climb out of its 2009 recession, arguing to do so would result in a loss of credibility on international bond markets. Finland boasts the smallest 10-year yield spread relative to Germany of any euro member. Yet the austerity policies Katainens coalition committed to after coming to power in 2011 are showing signs of backfiring. The government estimates public debt will next year breach the EUs 60 percent limit of gross domestic product for the first time amid sluggish GDP growth. The development is reshaping Finlands retail landscape. German budget supermarket chain, Lidl, says its seen customer levels grow. In a recession, people are more careful with their money, Lauri Sipponen, managing director for Lidl in Finland, said in an interview. Our growth stems from increased footfall at our stores. Taxing Finns Though Finlands retail market is still dominated by cooperative S Group and Kesko Oyj (KESBV) , with a combined market share of more than 80 percent, consumers are turning their backs on the pricier brands that those companies sell. Money doesnt grow on trees, said Anneli Vetri, a 48-year-old Helsinki resident. She shops at Lidl because its cheaper, and price is really important, she said. Finnish food prices will rise 6 percent this year from 2012, Helsinki-based PTT research institute forecast on Oct. 1.

Fi & Hi India’s roadmap for food industry to reach $200 bn by 2015

Delhi: 2 constables dismissed from duty for allegedly assaulting minor girl

At the helm of this development is – Fi & Hi India, organized by UBM India. Fi & Hi India is a three day B2B event where participants get to connect and do business with top global suppliers of food, health, and natural ingredients. The 2013 edition of this event is being held from the October 3-5, at the Bombay Convention and Exhibition Centre, Goregaon, Mumbai. This growth will solidify the India’s position as a key player in the global food ingredients market. Fi & Hi India 2013 had its grand inauguration by Tariq Anwar, Union Minister of State, Agriculture and Food Processing . Also, part of the ceremony were dignitaries such as Ajit Singh, Chairman, ACG Worldwide; Piruz Khambatta, CMD, Rasna International; Chitranjan Dar, CEO, ITC Food; and Dr. Kalyan Goswami, Secretary General, AIFPA. During his inaugural address to the audience, Anwar said, “In the emerging global scenario, to meet the needs of the booming food processing sector, it is important that India gears itself to meet the domestic as well as international standards. The Indian food industry is currently employing 13 million workers and the companies in the food sector contribute 13 per cent of country’s exports. The Government of India is setting up food testing laboratories, storages etc. for processing food ingredients to ensure food safety.