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EUDR Could Cost EU Consumers Up To $1.5bn, Says GlobalData

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EUDR Could Cost EU Consumers Up To $1.5bn, Says GlobalData

The introduction of new sustainability regulations, such as the EU Deforestation Regulation (EUDR), could have a marked impact on commodity supply chains.

JM Smucker Beats Quarterly Profit Estimates On Price Hikes

Jif peanut butter maker JM Smucker topped Wall Street estimates for fourth-quarter profit, helped by higher prices of condiments and frozen food as well as...

Wheat Jumps 1% On Global Supply Worries; Soybeans Hit One-Month Low

Chicago wheat bounced back on Monday, rising more than 1% and gaining after three sessions of declines, as worries over global supplies underpinned the mar...

Global Wheat Buyers Wrong-Footed By Sharp Rally In Prices

Wheat buyers in Asia, Africa and the Middle East, which account for two-thirds of global imports of the staple, have been caught out with relatively little...

German Food Sales Increase 1.5% In February, BVE Says

The German food industry saw a 1.5% price-adjusted increase in sales in February 2024, compared to the same period last year, according to the BVE.

Russia Plans Big Dairy Export Push In North Africa, Middle East, Asia

Russia plans to grow its presence in the global dairy products market by increasing supplies by 15-20% annually.

World Food Prices Up In April For Second Month, Says UN Agency

The United Nations food agency's world price index rose for a second consecutive month in April as higher meat prices and small increases in vegetable oils...

JDE Peet's Sees Coffee Industry Struggling To Meet EU Deforestation Law

JDE Peet's, one of the world's largest coffee companies, said the global coffee industry is finding the timing very tight to comply with a new EU law banni...