Palm oil imports by India, the largest buyer, may climb to a record this year as rising incomes stoke demand for cookies and potato chips, potentially stemming a decline in prices from a more than nine-month low, reported Bloomberg.
Cargill has announced its income from continuing operations was $2.69 billion in the fiscal year ended May 31, up 35 per cent from $1.99 billion last year.
Ukraine has initiated the creation of the world's grain reserve under the auspices of the United Nations, said Mykola Prysyazhnyuk, the minister of agrarian policy and food for Ukraine.
Indonesia, the world's fourth-most populous nation, may boost wheat and flour imports 10 percent this year as surging sales of instant noodles and cookies stoke demand, according to an industry group, reported Bloomberg.
Kraft Foods yesterday announced that its Board of Directors intends to create two independent public companies: A high-growth global snacks business with estimated revenue of approximately $32 billion and a high-margin North American…
Russia, the world's second-biggest wheat exporter before halting sales last year, is offering the largest discount on the grain in at least four years and targeting buyers in Southeast Asia to regain its share of the world market after…
Grains Research and Development Corporation (GRDC) chairman, Keith Perrett, has added his voice to the chorus of scientists and farm groups denouncing suggestions that genetically modifed (GM) wheat is unwelcome in Australia, and…
Britain's most powerful grain company, jointly owned by Cargill and Associated British Foods, bought and took delivery of all the available UK feed wheat last month.
Kraft Foods Europe is the second company to win a positive article 13.5 proprietary and emerging science health claim opinion from the European Food Safety Authority (EFSA) with a submission linking starch and glycaemic response in baked…
Europe's food safety watchdog rejected 80% of proposed food-related general health claims in its three-year assessment applications from manufacturers, it said last week.