Russia's second-biggest food retailer X5 reported on Thursday a $136 million net profit for the fourth quarter of 2013 after a year-ago loss, beating analysts' forecasts.
Kroger Co, the biggest U.S. supermarket operator, forecast a higher-than-expected full-year profit as it benefits from the acquisition of southeast-focused grocer Harris Teeter.
Global food prices rose 2.6 percent in February in the sharpest climb since mid-2012 due to unfavourable weather, the United Nations food agency said on Thursday, with the crisis in Ukraine threatening to cause future volatility.
Nordic meat producer HKScan has announced further changes to its production structure in Sweden, which it says should add around €7 million a year to its bottom line.
Croatian food manufacturer Agrokor has reportedly agreed new takeover terms with owners of Slovenia's largest food retailer Mercator, nearly a year after the acquisition was initially announced.
This week, the African swine fever (ASF) situation, together with the Russian ban on imports of pork from the EU, still dictate the market development on the European slaughter pig market.
Wal-Mart Stores Inc. will launch its “tethering” concept in early May. The initiative will allow the company to deliver products to its brick and mortar stores through on-line ordering.
Food manufacturer and electronics retailer Dick Smith has lost the name rights to its version of the popular Australian yeast spread, with Intellectual Property Australia ruling that OzEmite products must be pulled from sale.
Supermarket group Woolworths has announced a net profit after tax for the first half of the 2014 financial year of $1,321.7 million, up 14.5 per cent on the same period in the previous year.
Victoria, a southeast state of Australia, launched on Wednesday a four-year Food to Asia Action Plan, which aims to boost exports to Asia and make the state "the food bowl of Asia."
Britain's No. 5 grocer The Co-operative plans to double the size of its grocery convenience store estate over the next five years and will cut prices to better compete with its "Big Four" rivals.
Carrefour reported a rise in profits on Wednesday as work on turning round its French business started to pay off and said it would spend more this year on reviving its European hypermarkets and expanding in China and Brazil.
China's palm oil imports are likely to take a hit in the coming months as stockpiles at major ports have risen to near record highs of around 1.2 million tonnes on weak domestic demand, traders said on Tuesday.
With the Ukraine in increasing turmoil as relations continue to worsen with Russia it is worth noting the importance of the Ukrainian economy to the EU, particularly in terms of agriculture.
As Ukraine's agriculture has modernized on its rich soils, American farmers lost all but a tenth of that market--until Russia's president, Vladimir Putin, shook the world by taking over Ukraine's Crimean peninsula.
