World food prices hit record high in 2022 despite December fall
World food prices eased in December marking the ninth consecutive monthly fall, but gained more than 14 per cent in 2022 compared to the previous year, to reach the highest…
Danone to shed Russian dairy business with 1 bln euro write-off
French food company Danone (DANO.PA) will shed control of its dairy food business in Russia in a deal that could lead to a write-off of up to 1 billion euros ($978 million),…
Most dairy firms in Ukraine continue operation despite the war
Ukraine has no critical need of dairy imports, as nearly 65% of dairy companies in the country are maintaining operations despite the continuing Russian invasion, the Ukraine union of dairy…
Food, fuel price shocks to last at least 3 years – World Bank
World Bank expects energy prices to rise more than 50% Global food and fuel price shocks linked to the Russia-Ukraine war are set to last until at least the end…
Ongoing Russia-Ukraine conflict has led to financial losses to Goa Dairy
The ongoing conflict between Russia and Ukraine has had financial repercussions in the dairy sector, with Goa Dairy facing huge losses from rising raw material costs to produce cattle feed.…
Russia-Ukraine war in world’s ‘breadbasket’ threatens food supply
The Russian tanks and missiles besieging Ukraine also are threatening the food supply and livelihoods of people in Europe, Africa and Asia who rely on the vast, fertile farmlands of…