Sustainable palm oil is becoming harder to find as food manufacturers use it to replace sunflower oil sourced from Ukraine and to meet environmental goals, Ahold Delhaize's CEO told Reuters. Palm oil, whose production is known for devastating rainforests in Indonesia and Malaysia, has for decades been a public relations problem for the retail and consumer goods industry.
Viterra's port terminal in Ukraine's southern city of Mykolaiv is on fire after being hit in an attack, a spokesperson for the international grain group said on Wednesday. "Viterra can confirm that its Everi terminal was hit and is currently on fire," the spokesperson said in an emailed response to a Reuters question.
Viterra's Everi terminal in Ukraine's southern port city of Mykolaiv is on fire after being hit in an attack, a spokesperson for the international grain group said on Wednesday. There were no fatalities and one employee reportedly suffered minor burns. Seven Russian missiles hit Mykolaiv on Wednesday, regional governor Vitaliy Kim said earlier.
* Russia is expected to harvest record-high wheat crop this summer. * Sanctions have hit payment, logistics, trade finance for exports. * Russian rouble is at 7-year high vs U.S. dollar.
Ankara's military delegation will travel to Russia this week to discuss details of a possible safe sea corridor in the Black Sea to export Ukrainian grain, Turkish presidency sources said on Tuesday. Russia's TASS agency confirmed plans for the talks, citing Kremlin spokesman Dmitry Peskov.
Ukraine's President Volodymyr Zelenskiy said on Monday that Africa was a "hostage" in the war with Russia, which had contributed to rising food prices on the continent. African countries are acutely affected by the growing crisis, which has sent prices of grains, cooking oils, fuel and fertiliser soaring.
-Snack and cereal giant Kellogg said on Tuesday it would split into three independent companies, in the latest U.S. corporate overhaul aimed at simplifying its structure and focusing on expanding its snack business. Shares of the company, which began life in 1894 when W.K Kellogg created Corn Flakes and became known around the world for its breakfast cereals, jumped 6% in premarket trading.
Snack and cereal giant Kellogg said on Tuesday it would split into three independent companies, in the latest U.S. corporate overhaul aimed at simplifying its structure and focusing on expanding its snack business. Shares of the company, which began life in 1894 when W.K Kellogg created Corn Flakes and became known around the world for its breakfast cereals, jumped 6% in premarket trading.
A desperate developer in China's softening property market is coming up with a novel promotion to attract buyers, recently offering to take wheat and garlic as down payments.
Ukraine's President Volodymyr Zelenskiy said on Monday that Africa was a "hostage" in the war with Russia, which had contributed to rising food prices on the continent. African countries are acutely affected by the growing crisis, which has sent prices of grains, cooking oils, fuel and fertiliser soaring.
News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.
PDF’s require Adobe® Reader® and will open in a new window.
Log In Required
Line of Credit Log In Required