Conagra beats quarterly sales and profit estimates on higher prices

Conagra beats quarterly sales and profit estimates on higher prices

Oct 6 (Reuters) – Conagra Brands Inc (CAG.N) beat first-quarter sales and profit estimates on Thursday, benefiting from price hikes even as consumer demand wanes in the face of rampant inflation. Packaged food makers have been increasing prices for their products over the past year to shield profit margins from spiraling costs related to freight, … Read more

Marubeni gets $3 billion from Gavilon grain business sale

TOKYO, Oct 4 (Reuters) – Japanese trading company Marubeni Corp (8002.T) said on Tuesday it had so far received $3 billion from the sale of US unit Gavilon’s grain business to commodities trader Glencore Plc’s (GLEN.L) Viterra arm. Under the deal, which was announced in January and completed on Monday, Marubeni had received $3 billion … Read more

Brazil ready for more agriculture sector IPOs, seed company chief says

SAO PAULO, Sept 29 (Reuters) – The Brazilian market is ready to welcome more agribusiness companies on the stock market, a sector underrepresented on the local bourse based on the size of the industry relative to Brazil’s GDP, Marino Colpo, chief executive of listed seeds producer Boa Safra (SOJA3.SA), said on Thursday. “I’m a big … Read more

US plans rule to protect livestock farmers from company retaliation

Cows are sorted into pens for a livestock auction in Dickinson, North Dakota, US August 17, 2017. Many ranchers in the area have sold off more animals than usual to combat high feed costs after a summer-long drought. REUTERS/Andrew Cullen/File Photo Register now for FREE unlimited access to Register CHICAGO, Sept 26 (Reuters) – … Read more

Brazil’s Atlas ‘superfoods’ business bolstered by capital market incursion

Register now for FREE unlimited access to Register SAO PAULO, Sept 21 (Reuters) – Privately owned grain trader Atlas has raised 100 million reais ($19.39 million) in the local capital market so far this year to grow its Brazilian “superfoods” business, a market where large trading firms will not venture , an executive said. … Read more

IHC’s $2.15 bln Nutresa bid boosts shares in Colombian conglomerate GEA’s companies

The logo of Nutresa is seen in Medellin, Colombia June 26, 2019. Picture taken June 26, 2019. REUTERS/Luis Jaime Acosta/File Photo Register now for FREE unlimited access to Register BOGOTA, Sept 21 (Reuters) – Shares in companies that are part of Colombia’s largest conglomerate GEA rose on Wednesday after Abu Dhabi-based investor International Holding … Read more

Indonesia trimming palm oil stocks with discounts, India sales

Worker loads palm oil fresh fruit bunches to be transported from the collector site to CPO factories in Pekanbaru, Riau province, Indonesia, April 27, 2022. REUTERS/Willy Kurniawan/File Photo Register now for FREE unlimited access to Register India could buy 2 mln T in Aug-Nov from Indonesia Export levy waiver boosts Indonesia’s exports Stocks could … Read more

Unilever violating merger deal over Israel sale – Ben & Jerry’s founders on MSNBC

Register now for FREE unlimited access to Register Sept 18 (Reuters) – The founders of ice cream maker Ben & Jerry’s said on MSNBC on Sunday that parent Unilever PLC (ULVR.L) is in violation of the 2000 merger deal over its sale of Ben & Jerry’s business in Israel to a local licensee who … Read more

Frugal is the new cool for young Chinese as the economy falters

BEIJING, Sept 19 (Reuters) – Before the pandemic, Doris Fu imagined a different future for herself and her family: new car, bigger apartment, fine dining on weekends and holidays on tropical islands. Instead, the 39-year old Shanghai marketing consultant is one of many Chinese in their 20s and 30s cutting spending and saving cash where … Read more

Indian yoga guru eyes stock market debut of 4 group firms

A hoarding with an image of Baba Ramdev is seen inside a Patanjali store in Ahmedabad, India, March 28, 2019. Picture taken March 28, 2019. REUTERS/Amit Dave/File Photo Register now for FREE unlimited access to Register NEW DELHI, Sept 16 (Reuters) – Indian consumer group Patanjali, co-founded by a well-known yoga guru, said on … Read more