Chinese bakery chains plans big expansion

Jing An Bakery, a unit of China's largest hotel-chain operator, plans to increase its outlets by 16-fold in three years to tap rising demand and seek an initial public offering in Hong Kong to fund the expansion, reported Bloomberg.

Food prices hit all time high

Food prices hit a record high last month, surpassing the levels seen during the 2007-08 crisis, the UN's Food and Agricultural Organisation said yesterday.

Wheat in Australia could be downgraded

Up to half of Australia's current wheat harvest could be downgraded to animal feed or low-grade milling grain, raising concerns for a severe global shortage of higher-quality wheat and marring the nation's biggest crop in eight years,…

Finsbury expands deal with Genius

Finsbury Food Group P.L.C., a UK-based maker of cake, bread and gluten-free bakery goods, is expanding its joint venture agreement with Genius Foods Ltd. to include the introduction of additional gluten-free products to be sold under the…