UK’s Environment Secretary Owen Paterson is heading a food trade delegation to China this week, as a part of an effort to increase dairy exports to China and boost the economy by £1bn.
Parmalat has reported double-digit revenue and profit growth for the first nine months of 2012, driven by strong performances by its US, Canadian, Australian and Russian segments.
With the markets trending lower overnight, the CME Group soybean and wheat markets are expected to hold that same posture to start floor trading at 9:30am CT Monday.
In the third of this year's regular series of updates, IGD retail have rounded up the main developments at the leading global grocery retailers - Carrefour, Tesco, Metro and Walmart - since August.
US dairy company Dean Foods has swung to a profit of $36.44m in the third quarter of 2012, compared to a loss of $1.55bn in 2011, when the company incurred a $1.9bn goodwill impairment charge related to its Fresh Dairy Direct segment.
China’s answer to America’s Cyber Monday shopping bonanza takes place on November 11th, and e-commerce giant Alibaba just saw a whopping $3.1 billion (RMB 19.1 billion) in sales on the day, up 367 percent from last year.
The agricultural and aquaculture production volume totaled AMD 620,7 bln in January-September 2012, growing by 10,7% as compared with the same period of 2011.
Dean Foods is eyeing further growth to close 2012, after strong third quarter performances from its Fresh Dairy Direct and WhiteWave-Alpro business segments.
SABMiller plc and Molson Coors Brewing Company reported that MillerCoors third quarter underlying net income increased 13.5 percent to $325.6 million versus prior year driven by positive pricing, favorable brand mix and continued strong cost management.
Building on its dynamic performance from the first half of the year, Symrise AG reported a 9% increase in sales and earnings to €1.320 million during the first nine months of 2012.
U.S. Election Day and pre-USDA report positioning are the main market drivers expected keep the CME Group corn, soybean and wheat markets higher Tuesday.
