Financials & Economy
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Mexican baking giant Grupo Bimbo to spend US$2B on capital investment in 2023
MEXICO – Grupo Bimbo, the Mexico-based bakery giant, plans to spend up to US$2bn on capital investment in 2023 in part to meet the demand…
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Specialty wheat starches and proteins propel MGP Ingredient Solutions segment sales to US$115.9M in 2022
USA- Higher sales of specialty wheat starches and specialty wheat proteins drove MGP Ingredient Solutions segment sales up 28% to US$115.9 million in 2022. Additionally,…
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Seaboard’s milling segment records 148% profit surge in 2022 boosted by higher prices, sale of Brazilian operations
USA- Kansas-based Seaboard Corp’s Commodity Trading and Milling (CT&M) segment recorded a 148% increase in operating income thanks to higher margins in some commodities and…
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Bunge credits bumper harvest, strong meal and oil demand for outstanding full-year performance
USA- Bunge, one of the world’s largest agricultural commodities suppliers, has credited large soy and canola crops in North America and robust meal and oil…
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Load shedding could be the final nail in the coffin for many bakeries in South Africa: SACB Director
SOUTH AFRICA-South Africa’s inconsistent power supply combined with the impact of rising input costs have led to an 18% increase in white and brown bread…