Lamb Weston counts cost of Russia exit
It announced in May that it was exiting the Russia market following that country’s invasion of Ukraine.
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Russia, Ukraine sign grain exports deal
The countries have agreed what is being called a “de facto ceasefire” to allow shipments out of Ukraine’s ports.
By World “on brink of food crisis”, IMF chief tells Davos
Prices for vital crops and ingredients such as wheat, maize, and vegetable oil, have soared since Russia’s invasion of Ukraine.
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Arla quits Russia, selling business to management
The Danish firm announced it was suspending its business in Russia in early March.
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Fazer Group sells Russian business to bakery firm Kolomenskij
Fazer said in early March it would be leaving the Russian market following the invasion of Ukraine.
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Raisio follows Valio in selling assets in Russia
Days after Valio’s announcement, fellow Finnish food group reveals buyer of Russian operations.
By UN calls for help for poorer countries facing surging food prices
It is calling for the establishment of a financing facility to help poorer countries deal with the problems they face.
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World bodies urge international intervention on food security
For each one-percentage point increase in food prices, the World Bank estimates ten million people globally are pushed into “extreme”…
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