LATEST NEWS
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Kerry reports 13.3% increase in half-year revenues driven by growth in retail and foodservice channels
IRELAND – Irish multinational taste and nutrition company, Kerry, has posted a revenue rise of 13.3% totaling €4.1 billion (US$4.19 billion) for the first half…
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Major US poultry processors fined US$85m over violating federal antitrust laws
US – Poultry processors Cargill Inc., Sanderson Farms, and Wayne Farms have all been collectively fined US$84.8 million after conspiring to share employee wage and…
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Canola and Soy output forecast bullish amid tightening grain market
GLOBAL— The latest report from the International Grains Council (IGC) indicates a tightening of global grain markets, mainly due to projected declines in corn and…
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Premier Foods acquires UK meal kits firm Spice Tailor for US$53m
UK – The Spice Tailor, a UK-based meal-kits firm, has been divested to Mr Kipling’s cake brand owner, Premier Foods, for GBP43.8million (US$52.7M) on a…
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SA retailer Massmart expects bigger loss as half year sales flat
SOUTH AFRICA – Walmart-owned South African retailer, Massmart expects its headline loss in the half year period ended June 2022 to increase by at least…