Bob Evans Farms, Inc. announced the sale of its headquarters building in Columbus, Ohio, as well as two Ohio food production facilities, to New Mill Capital LLC, a private equity firm specializing in repositioning closed corporate facilities.
Coffee exports from India have fallen by 10.3% to 308,916 tons in FY13 compared to 344,356 tons in FY12 due to decreased demand from the European Union and the US.
Prices of agri-foodstuff fell for the sixth consecutive week in 36 medium and large sized cities in China according to monitoring by the Ministry of Commerce (MOFCOM).
The world's largest retailer by sales will open 30 new stores in China and invest nearly 500 million yuan ($80.1 million) to remodel existing ones in the country.
Sales at both full-service and limited-service U.S. seafood chains soared in 2012 as the economy rebounded, according to new data provided exclusively to SeafoodSource.
Aeon, which already owns a 19.9 percent stake in Daiei, plans to acquire a further 24.3 percent stake from major trading house Marubeni Corp., which currently holds around 29.3 percent, through a takeover bid to begin early next month.
Walmart, the world’s largest retail chain, has referred to the Bharti Retail outlets as “franchised” in its annual report for the financial year ended January 31, 2013, filed with the US markets regulator, the Securities and Exchange Commission.
Tesco chief executive Philip Clarke will travel to the US after the Easter weekend to try to strike a deal to allow the supermarket group to exit its loss-making Fresh & Easy business.
Consumer spending rose in February and sentiment among Americans perked up this month, further signs of an acceleration in economic activity in the first quarter after a near stall late last year.
Fonterra has lifted its current forecast cash Payout for the 2012/13 season to $6.12 for a fully shared-up farmer, based on a higher forecast Farmgate Milk Price of $5.80 per kgMS and a forecast dividend of 32 cents per share.
Wheat stored in all positions on March 1 totaled 1,234,118,000 bus, up 3% from 1,199,345,000 bus on March 1, 2012, the U.S. Department of Agriculture said in its March 28 Grain Stocks report.
Fonterra Co-operative Group Limited, has announced a drop of 32 per cent in earnings in the Australian arm of its business, although the Company saw a stronger-than-expected overall half yearly result.
Blackstone Group LP -backed Pinnacle Foods Inc's initial public offering raised $580 million after the packaged foods maker priced its offering at $20 per share, the high end of its expected range, an underwriter said.
Louis Dreyfus Commodities, one of the world's largest agricultural traders, on Wednesday reported its largest-ever annual profit on robust global demand for food products and historically high crop prices after a severe U.S. drought.
Global food prices have declined in recent months as lower demand for cereals and improved supplies pushed prices down, the World Bank said on Wednesday, warning that prices were still near record peaks and volatile.
