China's consumer price index (CPI), a main gauge of inflation, grew 2.3 percent year on year in July, the same pace as a month earlier, official data showed on Saturday.
Finnish Prime Minister Alexander Stubb said on Friday that Finland is among the countries hardest hit by Russian food embargo, among the most affected sectors is the diary industry.
The European Commission has promised compensation for Polish farmers affected by the latest Russian embargo on food imports from Europe, local media reported Friday.
Chinese regulators are investigating a Wal-Mart store in the southern city of Shenzhen for food safety violations, the official Xinhua news service reported, based on videos it said were taken by a Wal-Mart employee at one branch.
Russia may negotiate a price control agreement with domestic food producers to prevent speculative price hikes that would affect inflation after it banned half its agricultural imports from the West
Chicago agricultural commodities closed lower Thursday, as investors shrugged off the possibility that the renewed conflict between Russia and the West would disrupt exports from the Black Sea region.
Global food prices hit a six-month low in July led mainly by sharp declines in grains, oilseeds and dairy, which balanced out rising meat and firm sugar prices, the United Nations food agency said on Thursday.
Russia's ban on many western food products presents a massive opportunity for meat and grain exports from agricultural powerhouse Brazil and a smaller one for its Latin American neighbors.
It's been more than a month since Nirmala bought fresh tomatoes. A fourfold rise in prices since early June has made the essential ingredient in Indian curries and sauces a luxury she can no longer afford.
Western multinationals like Nestle, Unilever and McDonalds will feel only a limited effect from Russia's ban on certain food imports from Europe and the United States, since they largely produce domestically.
Russia will impose "quite substantial" bans on the U.S. and EU food imports and has already decided to suspend U.S. poultry imports as part of President Vladimir Putin's order to prepare a list of food import bans, its veterinary service said.
Italian wineries are confident that China's market will continue to offer important opportunities to the made-in-Italy products, an industry expert told Xinhua.
The Brazilian meat industry is ready to take advantage of a Russian ban on U.S. agricultural imports and ship Russia more chicken, though not pork, Brazil's animal protein association ABPA said on Wednesday.
Hopes of a "white gold" rush fuelled by booming Asian demand for milk and other dairy products have been dealt a blow as swollen stockpile in top consumer China and a flood of supply pummel dairy prices.
Russia has escalated an economic battle set off by the crisis in Ukraine with a ban on all food imports from the United States and on fruit and vegetables from the European Union, dropping any pretence these might be for food safety reasons.
Moon cake businesses said that they were striving to keep the price from rocketing up as material costs have never been as high as this year while the number of orders and their value are not high.
Twenty-three Polish agricultural and food companies will take part in this year's Food Expo fair in Hong Kong which starts on August 14, deputy head of Agricultural Market Agency (ARR) Lucjan Zwolak said on Monday.
