Shufersal, Israel's largest supermarket chain, reported a 42 percent drop in quarterly net profit on Monday due to the timing of the Passover holiday, intensifying competition in the sector and a weakening Israeli economy.
San Miguel PureFoods Co. Inc. is seeking to expand its regional operations through a potential acquisition in Indonesia, Southeast Asia’s largest economy.
"With the current unrest in Ukraine, companies would be wise to be extra careful with the financial risks they take in the Russian market," said Sijbren de Jong, from the Centre for Strategic Studies in The Hague.
Weather conditions in various countries and political tensions in the Black Sea region have made food markets more volatile, FAO reports in the new Food Outlook.
A warm summer saw UK soft drinks sales increase by 4% according to the 2014 UK Soft Drinks Report “Creating new choices”, published by the British Soft Drinks Association today.
The Association of European Banana Producers (APEB) has announced that it wishes to maintain the community's production, its acres and the producers' income until 2020.
Ireland-based grocery wholesaler the Musgrave Group has said that poor trading in the UK contributed to falling profits despite the fact that it 'out-performed' flat conditions in its home market.
Germany's Metro Group announced a 7.6% drop in turnover in the first quarter of their fiscal calendar because of competition from online rivals and a late Easter period.
Aldi, a grocer operating nearly 1,300 U.S. stores in 32 states, primarily from Kansas to the East coast, has launched a new gluten-free product line: LiveGfree.
China imported some 60 percent of Vietnam's rice in April, making the country the biggest importer of Vietnamese rice in the past two years, said Vietnam Food Association (VFA).
A year after spending $3.6 billion to buy grain trader Gavilon to expand in China, Japan's Marubeni Corp has been shaken by defaults on soybean sales and faces an investigation into alleged tax evasion in the world's top food consumer.
Morrisons, the smallest of the UK’s four main supermarket chains, reported the steepest sales drop in recent history, illustrating why the grocer slashed prices last week in an effort to regain shoppers.
Ask Tesco Chief Executive Officer Philip Clarke how he plans to stop budget food stores from taking more of his customers and he’ll talk about Amazon.com Inc. and Apple Inc. instead.
The latest share figures from Kantar Worldpanel, published for the 12 weeks ending 27 April 2014, show British grocery market growth at just 1.9% – the lowest level for at least 11 years.
German retailer Metro AG cut its outlook for its consumer electronics division on Thursday after a disappointing first quarter as the unit struggled with competition from online rivals and a leadership crisis.
