Focus:
American consumer goods company Sara Lee has entered into an agreement to sell its fresh bakery businesses in Spain and Portugal to Mexico’s Grupo Bimbo for €115m ($154m) in cash.
US-based agribusiness company Cargill has reported a 66% drop in profit to $236m for the fiscal 2012 first quarter, compared with $693m in the same period a year ago.
The EU Budgets Committee has agreed to provide European fruit and vegetable producers with an additional €250m ($334.26m) in funding to help curb food contamination outbreaks in the future.
China-based Bright Dairy and Food is planning to raise 1.42bn yuan ($222.17m) through a private placement to upgrade the technology of its new production facility in Minhang district, China, with...
Australian beef exports reached almost 82,000t in September 2011, up 8% year-on-year, according to new data published by the Department of Agriculture, Forestry and Fisheries.
Canada-based specialty crops processor Alliance Grain Traders intends to invest up to C$50m (US$48.06m) in the construction of a pasta and pulse processing and logistics complex in the Global Transportation...
Chilean sweets manufacturer Dos en Uno, owned by Argentinian food producer Arcor, is to build a new $40m confectionery plant in Chile.
Toyota Tsusho, Malayan Flour Mills and Indonesia's FKS Capital have agreed to invest 5.2bn yen ($66m) to set up a flour mill company in Jakarta, Indonesia.
Canadian Functional Technologies has developed a proprietary yeast strain that could cut the fermentation time of acrylamide, reducing it to undetectable levels within food.
UK food and non-alcoholic drink exports increased to £5.8bn in the first half of 2011, up 13% year-on-year, according to the latest figures released by the Food and Drink Federation...
