Russia

Metro AG Reports Sales Growth Of 7.2% In Second Quarter

Metro AG has reported sales growth of 7.2% in the second quarter of its financial year, with all business segments and channels contributing to its perform...

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...

Grain Trader ADM Beats Quarterly Profit Estimates As Costs Ease

Global grain trader Archer-Daniels-Midland beat market estimates for first-quarter 2024 profit as lower energy and manufacturing costs led to an increase o...

Freight Forwarder Kuehne+Nagel's Profit Falls, Beats Forecast

Swiss freight forwarder Kuehne+Nagel has reported a 39% drop in quarterly operating profit but beat market expectations, aided by cost cutting measures ami...

US Wheat Farmers Face Bleak Crop Economics As Grain Oversupply Hits

Profit is growing further out of reach for US wheat farmers and many do not expect to break even in 2024 as ample global supply keeps prices around their l...

EU Provisionally Agrees Ukraine Farm Import Curbs

The European Union provisionally agreed to restrictions on Ukrainian food imports, which some EU members say have destabilised the bloc's agricul...

Russian Discount Chain Mere Targets Hungarian Market

Russian discount supermarket chain Mere, known for its no-frills approach to retailing, is setting its sights on Hungary.

Danone Receives Regulatory Approval To Write Down Russia Assets

French food group Danone has said that the regulatory approvals required for the disposal of its Essential Dairy and Plant-based business in Russia to Vami...