A selection of quotes from this weeks news and insight

A selection of quotes from this week's news and insight

The battle for Warrnambool Cheese and Butter Factory continued this week, with the latest twist coming from Australian dairy co-op Murray Goulburn, which increased its offer for the company. Elsewhere, Archer Daniels Midland received some bad news when it had its bid to buy Australian agribusiness GrainCorp blocked. We also published our latest and final management briefing in our BRICs series, which takes a look at China and the opportunities and challenges the market presents for investors. Here are a selection of quotes from this week's news and insight.

"In my view, a well-run sustainability programme considers impacts to the environment, operating communities and business performance; it has to incorporate all three elements. And that's what we're working to create" - Global sustainability director for ADM, Timothy Venverloh, says its latest Corporate Responsibility Report demonstrates how the company is successfully integrating sustainability into its business. 

"Complying with China's anti-trust law is a must. It may lower profits in a short term, but it also makes foreign brands more competitive facing Chinese rivals" - Xu Feifei, brand strategy director at Shanghai-based consultants Labbrand, says stricter rules and growing competition offers opportunities for multinationals in China.

"Given that the transition towards more robust competition continues and a more competitive network is still emerging, I consider that now is not the right time for a 100% foreign acquisition of this key Australian business" - Joe Hockey, Australia's Federal Treasurer, explains the decision by Australia to block Archer Daniels Midland's bid to buy local agribusiness GrainCorp.

"There was ongoing construction on the roof above the Maxima store, as well as under the store, where a parking lot was planned" - a spokesperson for Maxima Grupe says it is too early to assign blame for the collapse of its supermarket in Latvia.

"The company has the right strategy to serve the changing customer around the world, and Doug has been actively involved in this process. The company has a strong management team to execute that strategy" - Wal-Mart chairman Rob Walton says the appointment of Doug McMillon as CEO "comes at a time of strength and growth at Walmart".

"Looking into the 2013/14, we believe the UK grocery market has remained subdued in the early weeks of Greencore’s financial year, albeit we believe Greencore exited the 2012/13 financial year with good momentum in the Food to Go category which has been maintained" - Shore Capital analyst Darren Shirley offers his views on Greencore's full-year results.

"China is an enormous market that has continuing, very strong growth, whereas a lot of other markets around the world are not growing to the same level or on the same type of scale" - James Roy, senior analyst at China Market Research Group, talks about the opportunities China offers for foreign retailers.

"We are currently in talks with potential partners and it is our expectation to begin producing Chobani in the UK and creating UK jobs" - a spokesperson for Chobani explains its plans to temporarily withdraw all its products from the UK market.

"The fact that avoidable food waste has seen significant reductions highlights that the range of approaches that retailers have been using - including giving clear storage advice and recipe ideas and offering a wider range of portion sizes - has been striking a chord with customers" - Alice Ellison, head of environment at the British Retail Consortium insists the WRAP figures on household food and waste reduction are "impressive", despite missing the target.

"As we develop and implement enhanced procedures for obtaining licences, there have been some temporary delays in store openings. We are making progress in this regard, and our goal is to resume opening stores in the right way" - A spokesperson for Wal-Mart explains why it has put expansion in India on hold in the wake of bribery allegations.