Financials & Economy
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Bunge’s earnings shrunk by 8.2% in the first quarter (Q1) of 2023
USA – Bunge, one of the world’s largest agricultural commodities suppliers has announced that its first-quarter earnings fell short of last year’s record results to…
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Upper Egypt Flour Mills 9-month standalone profit rises by 11.38%
EGYPT – Upper Egypt Flour Mills (UEFM), an Egypt-based public shareholding company engaged in food processing has reported an 11.38% year-on-year (YoY) increase in its…
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ADM Q1 earnings exceed expectations thanks to Ag Services & Oilseeds segment
USA- ADM has posted revenue of US$24.07 billion in its first-quarter results ending 31st March 2023, beating Wall Street projections of US$23.48 billion. Additionally, ADM’s…
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Purina PetCare leads Nestle’s organic growth in Q1 2023 results
SWITZERLAND- Nestle recently released its quarter one 2023 financial results, with Purina PetCare emerging as the largest contributor to its organic growth, owing to good…
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Rwanda scraps VAT, sets new retail prices for maize and rice commodities
RWANDA – The Rwandese Ministry of Trade and Commerce has announced a scrap of Value Added Tax (VAT) on essential foods amid increased food prices.…