The collapse of the Black Sea grain could deal re-ignite food price volatility in Europe and plunge food consumers in dependent countries into food shortages, it has been warned.
Russia’s ongoing invasion of Ukraine is taking a toll on major CPG companies, including PepisCo and Mondelez, both of which reported a hit to annual profits yesterday due to restricted production and sales in the countries and surrounding area as well...
With supplies from Ukraine and Russia – which together accounted for 15.3% of global corn exports in 2020/21 - in jeopardy, “the world now turns to Brazil and the US for corn, and prices will rise,” says Rabobank, which notes that prices are already trading...
Popchips has unveiled a new look and two new flavors - Fiery Buffalo and Fully Loaded – that it says will help the ‘popped, never fried’ brand showcase its strong taste and ‘crave-worthy’ credentials. It has also ditched some brand extensions to focus...
Even if the conflict in Ukraine were to end tomorrow, the impact on the global food supply chain could last for months, if not years, say analysts at Mintec, while Rabobank predicts “national average farm prices in the US over the next decade will remain...
Ukrainian president Volodymyr Zelensky is pressuring confectionery firms Nestlé and Mondelēz International, along with other multinationals, to completely pull out of the Russian market.
Western food companies are responding to the invasion of Ukraine by ramping up support for those facing Russian aggression. But what is their moral obligation when it comes to operations in Russia?
Swiss confectionery brand Lindt & Sprüngli has announced it is closing its retail outlets and suspending deliveries to Russia following the country’s invasion of Ukraine.
Coca-Cola is the latest major global food and beverage giant to suspend operations in Russia as an act of protest against the Russian invasion and continued attack on Ukraine and follows similar announcements made by PepsiCo, Starbucks, and McDonald's....
The Swiss food giant is restarting some of its operations in Ukraine in order to support the delivery of essential food and beverages to those who remain in the country.
Buyers of US wheat and other grain commodities could find themselves in a “Katy bar the door” moment if growing conditions in the Midwest don’t improve and if buyers who typically source from Russia and Ukraine are forced by the escalating war to find...
Several international food and beverage companies have temporarily shut down operations in Ukraine following Russia's invasion to ensure the safety of employees while bracing for the long-term economic impact that skyrocketing commodity prices and...
The food industry, already grappling with high inflation, supply chain constraints and transportation challenges related to the pandemic, could see surging prices of key commodities, fuel and energy following what chief of the NATO alliance described...
Ingredients firm Archer Daniels Midland (ADM) is to consolidate its
position in Eastern Europe's burgeoning market for sunflower seed
by gaining control of a plant in the Ukraine.