Food inflation will be “well on its way to 4%” by Christmas, and manufacturers need to prepare to put up their prices – with Morrisons particularly in “a tricky position”, warn analysts at Shore Capital.
The Confederation of All India Traders (CAIT) drew the attention of prime minister Manmohan Singh towards the notification to allow 51 per cent foreign direct investment (FDI) in multi-brand retail.
Last week, Coca-Cola said that sales in China grew an anemic 2% compared to 11% a year ago. Shares of the world's largest beverage company lost more than 2% for the week.
December Corn finished up 3/4 at 761 1/2, 7 1/2 off the high and 3 1/4 up from the low. March Corn closed up 1/4 at 759 1/2. This was 3 up from the low and 7 off the high.
The Scottish government has unveiled plans to give local food a £2.5M boost over three years by support initiatives that promote the country’s natural produce.
Food manufacturers are missing out on sales worth millions of pounds by using the internet only to promote their brands and not for direct sales, according to speakers at the grocery think-tank IGD’s Trading in a Digital World conference.
According to the minister of finance, Bruno Ferrari, the trade disagreements between Mexico and the US will finally be resolved within 60 days, allowing export to commence once more.
Nestlé has reported third quarter sales up 11% to CHF 67.6 billion, reflecting 6.1% organic growth, pricing-created growth of 3.2% and 2.9% real internal growth.
Britvic revenues dropped 2.6% to £1,256M in the wake of a £25M recall of its Fruit Shoot drink – sparked after a six-year-old boy from Essex nearly choked on a ‘spill-proof’ cap.
The moderating food price inflation in China is leading to more room for consumption growth, said Carl Weinberg, chief economist at High Frequency Economics.
Sales growth at foods giant Nestle eased to 6.1 percent in the first nine months of the year, just missing forecasts as consumers in Europe and North America continued to watch their spending and demand in emerging markets also slowed.
DuPont Nutrition & Health announced a global price increase of its Grindsted® hydrocolloids from the DuPont™ Danisco® ingredient portfolio, effective Nov. 1, 2012, or when contracts are renewed.
Danone has reported organic growth for the first nine months of 5.6% and for the quarter of 5.0%. The company reconfirmed its full-year targets for 2012.
The influence of electronic grain trading took a big step forward Wednesday with the announcement that the Chicago Mercantile Exchange (CME) Group has acquired the Kansas City Board of Trade (KCBT).
Ines Pelaez, manager of the Argentinian Blueberry Committee is expecting similar results this season to last, in terms of both volumes of export and prices.
