Pactum Dairy Group (Pactum) and China’s Bright Dairy has begun initial production of U+, which is to be shipped to China as a part of the duo’s strategic supply agreement.
Trading profit in Kerry Group's Consumer Foods division fell by 2.4% to €62 million, according to the group's H1 Interim Management Statement, issued this morning.
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.
Irish retailer SuperValu has said that it is 'not involved in a boycott of Israeli products', after reports indicated that the retailer had written to its staff advising them to withdraw certain Israeli products from its shelves.
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.
Coles has appointed former Victorian Premier, Jeff Kennett, as an independent arbiter to oversee a new Supplier Charter and help resolve commercial disputes.
Wal-Mart Stores Inc., the world’s largest retailer, redesigned its website to be more compatible with tablets and mobile devices as it competes for shoppers with online rivals such as Amazon.
