Dutch retailer Ahold, the former parent company of US Foods Inc., has settled a class action lawsuit for $297 million based on allegations that for years it wrongfully inflated prices.
Abu Dhabi is attracting growing investment from global food groups who are setting up plants in the Emirate's new industrial zone as they tap rising consumer demand in neighbouring Gulf countries, a top official involved in the project said.
The Chinese deputy agricultural minister Niu Dun and the Tajikistan Prime Minister Qohir Rasulzoda discussed how both countries could collaborate to strengthen the farming sector last week.
The Greencore Group has sold its foodservice desserts business, Ministry of Cake, for £11 million, which includes an upfront cash consideration of £8 million.
Despite the world's second largest retailer by sales, Carrefour, recently denying claims that it is poised to exit the Indian market, the Economic Times reported that it is about to do just that.
Denmark will create an investment fund aimed to boost the agriculture sector in developing countries, particularly in Africa, Danish Trade and Development Minister Mogens Jensen announced Tuesday.
The annual trade integration forum of Australia, New Zealand and the Association of Southeast Asian Nations in New Zealand this week will focus on non-tariff measure to ease trade in "agro-food".
Indonesian retailer Mitra Adiperkasa said it will sell majority stakes in its Domino's Pizza and Burger King chains to keep its capital to develop its other franchises.
China's Bright Food (Group) Co Ltd has signed a deal to buy 56 percent of Tnuva from private equity firm Apax and Partners in a deal valuing Israel's largest food company at 8.6 billion shekels ($2.5 billion)
United Arab Emirates-based supermarket chain Lulu Group said on Monday it plans to invest $200 million on halal-only outlets in Malaysia in the next two years ahead of expanding into other south Asian markets.
India is likely to produce 264.38 million tonnes of food grains during 2013-14 (includes kharif 2013 and rabi 2013-14 crops), according to the Indian agriculture ministry.
This week Tesco announced changes to its UK operations team in a move that reflects the changing priorities of the business away from big box retailing towards smaller proximity formats.
Agriculture Secretary Tom Vilsack today highlighted recent progress on a number of trade issues with Mexico following a panel discussion with Mexico's Secretary of Agriculture Enrique MartÍnez y MartÍnez.
Private exporters reported to the U.S. Department of Agriculture optional origin sales of 111,000 metric tons of soybeans for delivery to China during the 2014/2015 marketing year.
The China operating arm of U.S. retailer Wal-Mart Stores Inc said on Tuesday it planned to invest 580 million yuan ($92.99 million) to remodel 55 existing stores in China this year to enhance store operations and optimize customer experience.
