Egypt's financial crisis is hindering payments for food commodities as banks and traders say some of the funding problems which first surfaced early last year are re-emerging.
Global food prices fell in April, led by a sharp drop in dairy prices due to reduced buying by China and Russia and an extended season in New Zealand that boosted stocks, the United Nations food agency said on Thursday.
US retail giant Walmart spent more than USD 109 million in fiscal 2014 to enhance its global anti-corruption compliance programme and added personnel for the same in many countries, including India.
The nation’s biggest retailer has begun opening heavily-promoted 'pound shop' areas within its stores in a bid to take on thriving Poundland and other low-cost chains.
UK supermarket group Morrisons has announced that it is going to be permanently cheaper with price reductions on 1,200 everyday essentials, reinforcing its credentials as a fresh-led value grocer.
The New Zealand government announced Wednesday it will begin investigating next week how potentially contaminated dairy products were exported abroad in last year's botulism false alarm and global product recall.
The Chinese government will purchase more frozen pork from the market to stabilize prices and reduce farmers' losses, the country's top economic planning agency said on Wednesday.
Belgian supermarket operator Delhaize posted a first-quarter core profit slightly below expectations as accelerating sales growth in the United States was undermined by a slowdown in its Belgian operations.
British grocer J Sainsbury (SBRY.L) said it was well-equipped to cope with the rise of discounters and price cuts by major rivals, even though a 5.3 percent increase in annual profit represented its weakest growth in nearly a decade.
Metro AG will run 50 wholesale markets in India by 2020 as the German retailer makes the world’s second most populous nation one of its main targets of growth.
On Sunday British supermarket chain Morrisons was forced to apologise after it provoked uproar for using the vast aeroplane wings of Antony Gormley’s famous landmark sulpture in Gateshead
PureCircle has announced that it has cut the carbon footprint of its products by 15 percent since last year and is now a quarter of the way to its 2020 carbon footprint intensity goal.
Kellogg Company has announced a new collaboration with Walmart to support the livelihoods of rice growers and sustainable rice growing practices around the world.
