Bread prices soar in Iran

Iran's government has slashed subsidies on food, doubling the cost of bread in order to ease pressure on an economy straining under international sanctions.

Food companies combine efforts

Darling International Inc, a leading provider of rendering, recycling and recovery solutions to the nation's food industry, has announced that it has completed its merger with Griffin Industries, one of the largest independent, privately…

Pioneer reduces prices as part of penalty

South Africa's Pioneer Food Group Ltd. said it has started reducing the price of bread and wheat flour as part of a record penalty for anti- competitive behavior at some of its units, reported Bloomberg.

Wheat export ban lifted in Pakistan

Pakistani wheat traders are looking at Middle Eastern countries, as well as Bangladesh and Malaysia as possible destinations, after the government lifted a three-year ban on exports because of market surplus.

Kraft to invest $36 million in new biscuit line

Kraft Foods Corporation, one of the world's largest food producers, is planning to invest $36 million in a biscuit complex at the Trostianets-based Ukraina confectionery factory, external communications coordinator at CJSC Kraft Foods…