Emerging markets
China’s food industry enters uncertain 2023 amid end to zero-Covid policy
Until social unrest in November forced China’s Communist Party to abandon its tough Covid-19 controls, the country’s packaged food industry…
Minerva to buy Breeders and Packers Uruguay from Japan’s NH Foods
Brazilian meat processor Minerva is to acquire Uruguayan peer Breeders and Packers Uruguay from Japan’s Nippon Ham Foods Group (NH…
Abu Dhabi’s IHC fails in bid to take large stake in Colombia’s Nutresa
An offer by Abu Dhabi’s International Holding Company (IHC) for a significant stake in Colombian food group Grupo Nutresa has…
Fonterra sells Chile unit Soprole to Peru’s Gloria Foods
Fonterra has sold its Chile dairy assets to Peru’s Gloria Foods for CLP591.07bn (US$641m). The group, owned by 10,000 New…
Ukraine-Russia deal over “vital supply line” in Black Sea extended until March
Ukraine’s grain trade corridor in the Black Sea has been extended for 120 days, the UN announced today. The deal,…