Swiss food company Nestlé has reported a 5.4% increase in its net sales for the first quarter of 2013 to CHF21.94bn ($23.5bn), compared with CHF20.82bn ($22.34bn) for the same period in 2012.
Coles has posted its fastest sales growth in two years as the resurrection of the once ailing supermarket group enters its fifth year and the retailer continues to strip away customers from rival Woolworths as well as other food stores.
Income at McDonald’s during the first quarter was slightly higher but nearly flat while comparable sales and operating income declined due to strong prior-year results.
Nelson Peltz, the billionaire behind some of the most important deals in the global food industry, has acquired stakes in Mondelez International Inc and PepsiCo Inc, a regulatory filing on Friday showed.
Spanish discount retailer Dia said on Friday it would exit Turkey by selling its stake in supermarket chain DiaSA to Turkish food group Yildiz Holding.
Turkey's Sabanci Holding is exiting the food retail sector, selling its stake in discount supermarket chain DiaSA and making progress on quitting its joint venture with Carrefour.
Nutreco’s 1Q report for this year shows operating losses in some areas, but an overall increase in revenues compared to 1Q 2012, according to a statement from the company.
The price of agri-foodstuff s in China rose by small margin last week (8-14 April) after a fall for seven consecutive weeks according to monitoring by the Ministry of Commerce (MOFCOM) in 36 medium and large sized cities.
Carrefour, Europe's biggest retailer, sees little sign of economic improvement in the austerity-stricken continent after falling demand in Spain and Italy and weakening trade in its core French market held back first-quarter sales.
Nestle's first quarter sales growth undershot rival Danone's after some retailers in Asia cut inventories back to match poor demand, and the destruction of a key Middle East factory in Syria slowed supplies.
The Consumer Price Index for food and beverages remained steady in March, finishing at 236.26, up narrowly from 236.23 in February, according to the Bureau of Labor Statistics of the Department of Labor.
The Consumer Price Index for food and beverages remained steady in March, finishing at 236.26, up narrowly from 236.23 in February, according to the Bureau of Labor Statistics of the Department of Labor.
China's poultry sector has recorded losses of more than 10 billion yuan ($1.6 billion) since reports emerged of a new strain of bird flu two weeks ago.
French food group Danone said business improved at its core dairy unit in the United States and Russia and kept its full-year goals after first-quarter sales growth beat expectations.
The French food industry faces another difficult year in 2013 as the economic crisis in Europe and a scandal over mislabelled horsemeat continue to weigh on consumers' purchases.
Australian supermarket giant Woolworths Limited will continue to focus on improving value within its stores, after announcing third quarter sales of $14.4 billion to the end of March 2013.
