WORLD NEWS
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Business deals: Advent International, Wilbur-Ellis to merge business units, SunOpta sells sunflower business
NETHERLANDS — Advent International and Wilbur-Ellis have reached an agreement to merge their life sciences and specialty chemicals solutions businesses, Caldic B.V. and Connell, to…
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Nestlé reports 9.2% revenue rise in Q3 results, advances inflation costs to customers through price increase
SWITZERLAND – Nestlé has delivered strong organic growth in the nine months of sales after successfully passing on price increases to customers to reflect inflation.…
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Starbucks to divest Seattle’s Best Coffee brand to Nestlé
SWITZERLAND – Coffee giant Starbucks plans to divest its Seattle’s Best Coffee brand to Swiss multinational food and drink processing conglomerate corporation, Nestlé. The transaction,…
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Grim forecast on Argentina’s wheat crop as prolonged drought affects yields
ARGENTINA – Argentina’s 2022-23 wheat crop projections continue to trend downward as the country continues to experience a prolonged drought, forcing farmers starting to abandon…
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US wheat exports to hit 51-year low due to high prices, low supply
US — The United States may record its lowest wheat grain export in 51 years this season due to a number of factors chief among…