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Tuesday, November 03, 2009
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India: PFNDAI announces national conference on December 5
Protein Foods & Nutrition Development Association of India (PFNDAI), an association to promote and create awareness about requirements of good quality proteins by humans for health and growth, will organise a one-day conference on “Are we ready for Global Markets?” on December 5, 2009, at Hotel Kohinoor.....
Philippines: Benguet farmers alarmed over smuggled vegetables
Imported produce feared sold in Metro ManilaThe volume of vegetables supplied at the trading post here has gone back to normal but farmers and traders fear that imported vegetables have penetrated Metro Manila's public markets.Officials of the Benguet Truckers and Traders Association (BTTA) and the Benguet.....
China: Smaller crop of honey pomelos compared to last year
Shenzhen J.F.LI-Fruit have shipped 40 containers of honey pomelos this season. This year the growers face a smaller harvest than last year. "Our price is very competitive, but the market is not good", says Steven Mao, sales manager. The season for honey pomelos will continue until next march . Besides honey.....
US: Freshway Foods Launches New Web Site to Reinforce Commitment to Progressive Business Practices
The newly redesigned Web site of Freshway Foods went live this week. Freshway Foods aims to use this digital tool to maximize and improve marketing communications with both current and targeted retail and foodservice customers in their distribution area east of the Mississippi River. The new Web site.....
Mann Packing partners with Gourmet Garden Herbs & Spices
Mann Packing Company is partnering with Gourmet Garden Herbs & Spices to offer a cross-promotion in the produce department designed to drive incremental sales of both product lines this winter.The promotion will offer shoppers a saving of $0.55 off any tube of Gourmet Garden Herbs & Spices with the.....
Plant City strawberry grower installs software package that will bring significant value to their business operations
JR & Ruby’s enhances technology commitment by installing AgWare
JR & Ruby’s Best Produce Company, Inc.a long established strawberry grower in Central Florida, has recently installed the AgWareTM ERP software solution offered by ProWare Services, LLC, Plant City, Florida. JR & Ruby’s will use the total integration of the AgWareTM product to identify, trace, and.....
Mack Multiples reinforce their credentials as a market innovator with another grape variety new to the UK
Hot on the heels of their announcement about the release of the ARRA grapevarieties, Mack Multiples have reinforced their credentials as a market innovator with another grape variety new to the UK.They’ve been working with Anton Caratan (breeder and grower) and with Darrel Fulmer of Sunfresh International.....
Yen declines as economic optimism may increase demand for yield
The yen fell against the New Zealand dollar and South African rand as renewed optimism the global economy is recovering spurred demand for riskier investments.The yen headed for a second day of losses against New Zealand’s currency before a U.S. report that economists said will show factory orders rebounded.....
Won leads Asia currency gains as U.S. data spurs risk appetite
South Korea’s won led gains in Asian currencies after a gauge of U.S. manufacturing exceeded projections, brightening the outlook for regional exports and boosting demand for riskier assets.Seven of Asia’s 10 most traded currencies outside Japan gained against the dollar after the Institute for Supply.....
Australia increases benchmark interest rate to 3.5%
Australia raised its benchmark interest rate by a quarter percentage point for the second straight month, becoming the only nation to increase borrowing costs twice this year as the global economy recovers.Reserve Bank Governor Glenn Stevens lifted the overnight cash rate target to 3.5 percent in Sydney.....
Turkish bonds weaken, eyes turn to inflation
Turkish bonds and the lira lost ground on Monday as worries about sluggish economic recovery and hefty Treasury borrowing in 2010 weighed on investor mood, but late gains helped the equity market to stage a positive close.The lira closed weaker on the interbank market at 1.4960 against the dollar from.....
Chile peso ends at year-to-date high on euro's gains vs dollar
The Chilean peso was stronger against the U.S. dollar Monday, climbing to a year-to-date high on the gains the euro posted in relation to the dollar and on the jump in U.S. stocks.The peso ended at CLP528.60 to the dollar, compared to CLP530.50 Friday, after moving in a narrow range of CLP528.00 to.....
Russia’s inflation in 2009 to be lower than 10%
It is evident that Russia’s inflation in 2009 will be lower than 10 percent, first deputy chairman of the Central Bank of Russia (CBR) Gennady Melikyan said at a meeting with bankers.According to the results of “the year, inflation will evidently be lower than 10 percent, and even then because earlier it was.....
UK: Tesco should consider buying Ahold, ING analysts say
Tesco Plc, the U.K.’s biggest retailer, should consider buying Royal Ahold NV at a cost of about 15 billion euros ($22.2 billion) to accelerate its U.S. expansion, ING analysts wrote in a note.Ahold, the Amsterdam-based owner of Stop & Shop and Giant supermarkets in the U.S., is “cheap on all metrics,”.....
UK: Morrisons seeks supplier backing amid intense competition
Britain's fourth largest supermarket group, Wm Morrison, has signalled to suppliers that it wants more support for promotions to combat increased competition in the grocery sector, according to the Financial Times.Suppliers said they expected Morrisons to begin negotiations over the coming weeks, reflecting.....
French retail group Auchan to open 6 hypermarkets in Russia by 2010
French retail group Auchan has confirmed that it’s planning to open 6 new hypermarkets in Russia by 2010. According to CEO Auchan Russia Jean-Pierre Zhermen, the new hypermarkets will be opened in the largest Russian cities such as St. Petersburg, Ufa, Samara and Kazan, while two hypermarkets will be also.....
UK: Budgens wins ninth national award this year
A retail company that has a food store in Moreton has won its ninth national award this year.Warner’s Budgens, which also has stores in Broadway and Bidford-on-Avon, beat Morrison’s, Kellogg’s, Asda and other top retail industry names to win the coveted Unilever Award for Social Innovation at the Institute.....
AU: Alworths hits trouble with Woolies’ owners
The imminent launch this week of Woolies lookalike chain Alworths has upset the owners of the Woolworths brand.Solicitors acting for Shop Direct, which runs Woolworths as an online retailer, have written to Alworths saying that its name is too similar to that of Woolworths. According to the Financial Times,.....
British Retail Consortium survey retail
Consumer confidence has risen to its highest level for 18 months but major job fears remain. The latest Consumer Confidence Index, released today (Monday) by market research company Nielsen and the British Retail Consortium (BRC), shows an increase to 75 - a ten point gain on the all-time low of 65 we saw in.....
New 28,000 Square-Foot Plant Meets Growing Demand for Processed Almonds With State-Of-The-Art Processing Enhancements
US: Paramount Farms opens new $24 million almond manufacturing plant
Paramount Farms, the world’s largest vertically integrated supplier of pistachios and almonds, today announced the opening of its new $24 million, 22,800 square-foot almond manufacturing plant. The facility is designed to meet the growing demand for manufactured almonds and to comply with today’s increased.....
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