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Food Products Agricultural Producers

  • Kraft and Heinz products

    Kraft Heinz has decided to withdraw its $143 billion offer to buy Unilever, which had spurned the offer as too low, The AP reports.

  • NEW YORK— Kraft Heinz has withdrawn its $143 billion offer to buy Unilever, backing away after the mayonnaise, tea and seasonings maker rejected the bid as too low. The fact that it bid for all of Unilever and not just its food business indicates that Kraft Heinz is potentially open to acquiring other packaged consumer goods, one analyst said.

  • SAO PAULO, Feb 6- The status of sugar in the Mercosur trade bloc is likely to be discussed by the presidents of Brazil and Argentina when they meet on Tuesday, Brazil's Agriculture Minister Blairo Maggi said on Monday. Presidents Michel Temer of Brazil and Mauricio Macri of Argentina will meet in Brasilia as part of an official visit by the Argentine leader.

  • ALBA, Italy, Jan 11- The $44 billion palm oil industry, under pressure in Europe after authorities listed the edible oil as a cancer risk, has found a vocal ally in the food sector: the maker of Nutella. The hazelnut and chocolate spread, one of Italy's best-known food brands and a popular breakfast treat for children, relies on palm oil for its smooth texture and shelf...

  • KUALA LUMPUR, Jan 10- Palm oil prices will this year average between 2,700 and 2,800 ringgit, Malaysia's minister of plantation industries and commodities said on Tuesday. The government in Malaysia, the world's No.2 producer of the edible oil, gives the average for last year as 2,600 ringgit. Mah added that he expected Malaysia's 2017 palm output to grow from the...

  • Reuters reported on Thursday that BRF wants to raise about $1.5 billion from the sale of a 20 percent stake in the unit, known as One Foods Holdings Ltd. In a Friday securities filing in response to the report, BRF said the IPO could take place in London but it is also gauging a private placement.

  • BRF, a Brazilian behemoth created through the merger of two rivals in 2009, is likely to pick London as the listing place for One Foods, they added. Proceeds could be used to help propel the expansion of One Foods into Asian Muslim nations. One Foods, which operates ten plants and has 15,000 employees, already controls 45 percent of the poultry market in Saudi Arabia,...

  • HAVANA, Dec 27- Cuba's economy shrank 0.9 percent this year in tandem with the crisis in its key trading partner Venezuela, its economy minister told the National Assembly on Tuesday in a closed-door speech, predicting a slightly brighter outlook for 2017.. The figure suggests the island nation's economy contracted sharply in the second half of 2016 after the...

  • HAVANA, Dec 27- Cuba's economy shrank 0.9 percent this year due to a fall in exports to its oil-producing allies as they struggled with the long slump in global fuel prices, its economy minister told the National Assembly on Tuesday in a closed-door speech. In excerpts published by official media, Economy Minister Ricardo Cabrisas told the National Assembly...

  • LONDON, Dec 18- Richard Bunce says he felt sick when voters decided to take Britain out of the European Union in June, forcing him into a emergency review of his firm's expansion plans. Now he plans to spend another 750,000 pounds on robotic metal-working equipment at Mec Com's plant near Stafford, a town 135 miles northwest of London, after landing a big contract...

  • SAO PAULO, Dec 5- Brazilian food maker JBS SA, the world's largest beef processor, plans to launch shares of its subsidiary JBS Foods International B.V. in the United States in the first half of 2017 as a part of a larger reorganization, the company said on Monday. Under the plan, the unit currently based in the Netherlands would be responsible for managing all of the...

  • SAO PAULO, Dec 5- Brazilian food maker JBS SA, the world's largest beef processor, plans to launch shares of its subsidiary JBS Foods International B.V. in the United States in the first half of 2017, said the company on Monday.

  • *Malaysian Palm Oil Board data due Dec 13, after 0430 GMT. KUALA LUMPUR, Dec 5- Malaysia's stockpile of palm oil for November is expected to have grown at its sharpest monthly pace in five months, with a slump in exports outpacing a drop in production. Palm was up 0.9 percent at 3,104 ringgit per tonne at the midday break on Monday.

  • *Wilmar acknowledges "labour issues" in Indonesia palm oil sector. JAKARTA, Nov 30- Global consumer companies, including Unilever, Nestle, Kellogg and Procter& Gamble, have sourced palm oil from Indonesian plantations where labour abuses were uncovered, Amnesty International said on Wednesday. Children as young as eight worked in "hazardous" conditions at palm...

  • KUALA LUMPUR, Nov 30- Human rights abuses at palm oil plantations are going unpunished by the industry watchdog due to weak rules, critics say, as an Amnesty International report on Wednesday exposed severe violations at Indonesian plantations. "Simply put, the RSPO does not protect workers and is unable to provide truly responsible palm oil," said Emma Lierley,...

  • *Wilmar acknowledges "labour issues" in Indonesia palm oil sector. JAKARTA, Nov 30- Global consumer companies, including Unilever, Nestle, Kellogg and Procter& Gamble, have sourced palm oil from Indonesian plantations where labour abuses were uncovered, Amnesty International said on Wednesday. Children as young as eight worked in "hazardous" conditions at palm...

  • KUALA LUMPUR, Nov 30- Human rights abuses at palm oil plantations are going unpunished by the industry watchdog due to weak rules, critics say, as an Amnesty International report on Wednesday exposed severe violations at Indonesian plantations. "Simply put, the RSPO does not protect workers and is unable to provide truly responsible palm oil," said Emma Lierley,...

  • JAKARTA, Nov 30- Global consumer companies, including Unilever, Nestle, Kellogg and Procter& Gamble, have sourced palm oil from Indonesian plantations where labour abuses were uncovered, Amnesty International said on Wednesday. Children as young as eight worked in "hazardous" conditions at palm plantations run by Singapore- based Wilmar International Ltd and...

  • Mehmet Oz on Tuesday under a largely untested Georgia food libel law, objecting to his claims that much of the imported extra virgin olive oil sold in U.S. supermarkets may be fake. Some members of the trade group conduct business in Georgia. The suit said Oz, host of a popular daytime TV talk show devoted to health issues, violated the Georgia law when he stated that...

  • *More biodiesel use in Indonesia, U.S. to tighten supply. NUSA DUA, Indonesia/ SINGAPORE, Nov 25- Lower output of palm oil and tight supplies of rival soybean oil are likely to give a short-term boost to the tropical product which hit four-year highs this week, before an expected reversal late next year as production recovers. Higher mandates for biodiesel...