Cubans are building private food distribution networks from the farm through to retail outlets as communist authorities gradually dismantle the state's monopoly on the purchase and sale of agricultural products.
US Grains Council's talks with major South Korean importers send one message loud and clear: Korea has a strong preference for US corn provided that it is competitively priced.
Britain's third-largest grocer, J Sainsbury, expanded its market share in the 12 weeks to March 17, while industry leader Tesco and No. 4 player Wm Morrison lost ground, according to monthly data published on Tuesday.
Sainsbury’s has announced that it will accelerate the expansion of its convenience store business in London and the South East with plans to open 50 new stores by early 2014.
Shares in top U.S. packaged food companies Mondelez International Inc (MDLZ.O) and PepsiCo Inc (PEP.N) jumped on Friday on speculation that they could merge, after a report that activist investor Nelson Peltz has taken stakes in each.
The 500 largest U.S. restaurant chains achieved a 4.9% annual sales increase in 2012 to reach an estimated $254 billion, according to market researcher Technomic.
Reckitt Benckiser ascends to Citi's European focus list, replacing Danone, with the bank seeing the consumer health company receiving revenue upgrades and continuing its recent run of outperformance.
CME Group Inc said its plan to reduce grain trading hours is not the "perfect answer" for all its customers and for the first time detailed a clash over the proposed new schedule.
Israeli food maker Osem Investments posted a 13 percent rise in quarterly net profit as sales were boosted by new products and the timing of the Jewish holiday season.
General Mills Inc reported better-than-expected third-quarter earnings on Wednesday after sales volume of its core brands rose for the first time in two years, a good sign for the U.S. packaged food industry.
Private Ukrainian companies are considering increasing food exports to Iran despite difficulties with payments, Agriculture Minister Mykola Prysyazhnyuk said on Wednesday.
The Food and Drink Federation (FDF) has reported that total UK food and non-alcoholic drink exports remained at £12.1bn (US$18.2 billion) in 2012 – in line with the 2011 figure.
Taco Bell turned in an unexpectedly strong sales in 2012, but delivering a second consecutive year of restaurant sales growth will be a difficult task for the No. 1 Mexican fast-food chain.
Zhongpin, a China-based meat and food processing company, has reported a 31% decrease in net income to $44.1m for the full-year 2012, compared to $64.2m in 2011.
