Sainsbury's new CEO Mike Coupe said the UK’s third-largest grocer plans to keep its price positioning even as competition from Aldi and Lidl force rivals to discount.
Canadian agricultural cooperative Agropur has concluded a strategic partnership agreement with grocery chain Sobeys that includes the purchase of the dairy processing activities as well as long term supply agreements, in a deal worth $356m.
After a decade at the helm, Justin King stepped down as CEO of Sainsbury's on Wednesday, with its chairman reassuring the grocer's investors that a tough market and the rise of discounters wouldn't stop it prospering under his successor.
Russia's biggest food retailer Magnit said on Wednesday its sales grew 32.8 percent in June year-on-year, accelerating from a 28.7 percent rise in the previous month.
The Philippine Department of Agriculture (DA) said Wednesday that it is targeting to produce 59. 67 million metric tons (MMT) of unmilled rice in the next three years in a bid to attain rice self-sufficiency.
The consumer price index, a main gauge of inflation, grew 2.3 percent year on year in June, down from 2.5 percent in May, China's National Bureau of Statistics (NBS) announced on Wednesday.
U.S. corn futures tumbled more than 2 percent on Monday to the lowest point in almost four years as largely ideal crop development weather around the Midwest reinforced expectations for a record-large harvest this autumn.
European stocks were little changed, after the Stoxx Europe 600 Index fell the most in almost two weeks, as investors assessed equity valuations before earnings reports.
Italian families' grocery shopping habits are increasingly beginning to resemble what they were 10 years ago, as less money is spent on average per month, and less meat is purchased.
Growth in sales for the world’s top-50 FMCG firms has halved from 5.6% in 2012 to 2.9% in 2013, as a result of exchange rate volatility, falling commodity costs and increased competition from local players
British retailers saw the biggest annual decline in prices since at least 2006 in June, with cheaper furniture, electricals and clothes as well as a supermarket price war all contributing, an industry group said on Wednesday.
Big retailers are taking a calculated hit to margins to invest in online grocery operations, in the hope they can persuade consumers to add more profitable items like clothes and computers to their orders of fruit and vegetables.
This summer, France has produced an extraordinarily large volume of fruit and vegetables, and Carrefour is set to capitalise on the spoils the weather has afforded farmers.
Philippine officials will meet next week to consider more rice imports and ending a subsidy for farmers to cut debt at the National Food Authority, Presidential Assistant for Food Security Francis Pangilinan said.
Research by Diabetes UK, which was funded in part by Tesco, has revealed that more than 700 people in the UK are diagnosed with diabetes each day (280,000 per annum).
According to the latest figures from Kantar Worldpanel Irish grocery sales grew by 2 per cent in the 12 weeks to 22 June, which is the fastest rate since March 2013.
The UK grocery market is set to be worth £203 billion by 2019 increasing by 16% from its current value of £175 billion, according to the latest forecasts by IGD.
