LT Foods seeks growth in Europe, Mid-East as basmati demand surges

New Delhi

LT FOODS is targeting Europe and the Middle East for expansion after conquering the US market, as one of India's biggest basmati rice processors seeks to capitalise on surging demand for the aromatic grain.

Shares of LT Foods have more than doubled this year as the half century-old commodity trader increases focus on branded foods to exploit changing consumer desires in India and abroad.