Agricultural commodities trader Bunge Ltd BG.N on Wednesday raised its full-year earnings outlook after posting an adjusted third-quarter profit that topped expectations, sending its shares up about 2 per cent in premarket trading. The improved forecast was attributed to favorable market conditions as tight global crop supplies and strong demand have benefited supply chain middlemen […] Read more
Tag Archives food — page 9
Crop merchant Bunge raises full-year profit outlook
India allows exports of wheat flour processed from imported grain
New Delhi | Reuters — India has allowed export-oriented units and the firms set up in special economic zones to export flour made from imported wheat, a government order said on Friday, conceding to the demands of food processors to allow shipments of value-added products. India will allow food processors to import duty-free wheat against […] Read more
Haiti gang blockade causing catastrophic hunger, U.N. says
Situation "close to breaking point," WFP rep says
Miami | Reuters — Haitians are experiencing catastrophic hunger because of gangsters blockading a major fuel terminal, U.N. officials said on Friday, with more than four million facing acute food insecurity. A coalition of gangs has prevented the distribution of diesel and gasoline for over a month to protest a plan to cut fuel subsidies. […] Read more
Conagra tops profit, sales estimates even as consumers turn thrifty
Reuters — Conagra Brands beat quarterly sales and profit estimates on Thursday, boosted by higher prices for its Marie Callender’s and Slim Jim brands even as consumer demand wanes under the weight of decades-high inflation. Global food companies have been increasing prices over the past year to shield profit margins, which have been squeezed by […] Read more
Nearly a million people face starvation in hunger hotspots, U.N. agencies report
London | Reuters — Nearly one million people in Afghanistan, Ethiopia, South Sudan, Somalia and Yemen are starving or will face starvation this year in the absence of aid, as the global food crisis worsens, United Nations agencies warned on Wednesday. Local conflict and weather extremes remain the primary drivers of acute hunger, aggravated this […] Read more
Produce prices spike in flood-hit Pakistan as food crisis looms
Flooding wrecks crops, hampers logistics
Lahore | Reuters — Vegetable and fruit prices have soared in markets across Pakistan as devastating rains ruin crops and disrupt supplies, an early sign of how the worst floods in decades are creating food shortages at a time of financial crisis. Pakistan’s 220 million people are already facing rampant inflation, with consumer prices up […] Read more
Work on grocery code of conduct extended
Code intended to smooth relations between retailers and suppliers, but work has been contentious
A Canadian grocery industry code of conduct is still months away after the steering committee asked agricultural ministers for another extension to complete its work. The committee reported to the July annual meeting of the country’s agriculture ministers in Saskatoon that it had made progress, but key issues remained unresolved. Why it matters: The intent […] Read more
Cold and hungry: Food inflation bites Canada’s North
'It's really expensive to do business here'
Iqaluit | Reuters –– In Canada’s remote North, residents have long paid dearly for food, and rising prices have worsened an already dire situation, exposing the vulnerability of one of the world’s biggest exporters of grains and meat. Communities in Nunavut — the largest of the three territories that make up Canada’s northernmost region — […] Read more
Rajapaksa dynasty draws to humiliating close in Sri Lanka
Food shortages, fertilizer ban among flashpoints
Colombo | Reuters — The Rajapaksa dynasty dominated Sri Lankan politics until April when street protests against fuel and food shortages began to slip out of control. President Gotabaya Rajapaksa fled the country early on Wednesday, leaving no one from the once-illustrious family in a position of power. The president vowed last month to stay […] Read more
Health Canada to slap warning labels on sugary, salty and fatty foods
Ottawa | Reuters – Foods high in sugars, sodium and saturated fat will come with clear warning labels in Canada starting in 2026, the federal government said on Thursday, in an effort to promote healthier eating choices and reduce chronic health risks. “We know that it’s not always easy to make healthy choices,” Health Minister Jean-Yves Duclos told […] Read more
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