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Food & Beverage: Page 45

IMF Warns Fragmentation Imperils Food Security, Green Transition

Minerals critical for the green transition and highly traded agricultural products are especially vulnerable to “geo-economic fragmentation,” the IMF said October 3.

Torun, Poland. Photo: Bartek Sadowski/Bloomberg

India to Cut Floor Price for Basmati Exports to Stay Competitive

The nation, which has curbed overseas sales of all grades of rice to control domestic food inflation, will reduce the minimum export price to $850 a ton from $1,200.

Ambala, India. October 2022. Photo: T. Narayan/Bloomberg

India Rice Export Ban Is Fueling Risk of Social Unrest, UN Says

Prices of the crop, a staple for half the world, surged to the highest levels in almost 15 years after the globe's top shipper began curbing exports.

Ambala, India. Photo: Bloomberg

Kenya and Ukraine Planning “Grain Hub” to Combat African Food Insecurity

The leaders of Ukraine and Kenya did not provide any details on how the grain hub would be set up or how grain would be transported to Africa.

Photo: iStock.com/Michele Ursi

Chinese Seafood Imports from Japan Fell After Release of Fukushima Water

Japan said that China was the world’s biggest importer of Japanese seafood in 2022 after the country acquired $571 million of seafood.

Photo: iStock.com/ahirao_photo

Kroger and Albertsons Plan to Sell 413 Stores, Kroger Gains Supply Chain Efficiencies

Kroger said it has achieved “meaningful operational efficiencies” in its supply chain through improved transport capacity utilization and increased productivity in its warehouses and across its network.

Kendallville, Indiana. Photo: iStock / jetcityimage

Food Prices Resume Decline Despite Lingering Supply Threats

An index of food-commodity costs fell by 2.1% in August on subdued demand and good outputs of vegetable oils and milk.

Torun, Poland. Photo: Bloomberg

Tyson Foods Dealing with Excess Inventory, Low Demand

Tyson recently closed down its Van Buren, Arkansas plant, one of six planned shutdowns to cut costs as Tyson deals with flat demand and a drop in wholesale prices.

New Holland, PA. iStock.com/gsheldon

Spanish Food Industry Group Makes Plea for Water as Drought Threatens Crops

The government should develop new water interconnections and transfers between basins and invest in expanding and modernizing water storage as well as irrigation infrastructure, Fiab said in the statement.

Girona, Spain. Photo: Bloomberg

India Exempts Some Nations from Rice Curbs for Food Security

The world’s top exporter agreed to sell 79,000 tons of non-basmati white rice to Bhutan, 50,000 tons to Singapore and 14,000 tons to Mauritius.

Ambala, India. Photo: Bloomberg

Watch: Is Grocery Delivery Dead?

Does the end of the pandemic signal the end of grocery delivery? Katherine Lehman, director of digital marketing at Onfleet, explains why that channel is alive and well.

Katherine Lehman

Orange Juice Stockpiles Shrink to Record Low in Top Exporter Brazil

Brazil reached the end of its season in June with 84,745 metric tons of juice in storage, a 41% drop compared to 2022.

Photo: Joe Raedle/Getty Images/Bloomberg

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