Despite being embroiled in a nationwide scandal across the US over an investigation into numerous infant deaths and illnesses, Abbott’s sales reached US$11.3 billion in its second quarter this year, marking a 14.3% organic sales growth.
The average EU broiler price is up 29% year-on-year. However, costs have stabilized since early April of this year, a trend followed by other meats, signaling a possible break in upward price pressures.
Oterra, the supplier of natural colors, is strengthening its core offerings with the acquisition of Akay Group, a prominent natural ingredients manufacturer.
A delegation of eight Canadian companies that import and distribute fresh fruits and vegetables has ended a commercial mission they carried out in the Region of Murcia, where they visited the farms and agricultural facilities of eight companies in the Reg
Transporters in Argentina, who are protesting fuel shortages and overpricing at various points in the country, have blocked several roads, generating complications in the production and distribution of goods and food.
According to FEPEX, a new transporters strike would affect a total of 250,000 tons of fruit and vegetables destined for foreign markets and 200,000 tons for the national market each week of July.
Kellogg Company is planning to separate its North American cereal and plant-based foods businesses via tax-free spin-offs, resulting in three independent public companies, which it says will each be better positioned to unlock their full standalone potent
Ferrero North America is adding “one of the largest Ferrero production lines outside of Europe” to its forthcoming production plant in Bloomington, Illinois, US.
In the latest global trade protectionist move, India has preemptively set a limit on its sugar exports at 10 million tons per year. Even though the government admits that “prices of sugar are under control” and have been for the last 12 months.
