General Mills posted net sales of US$4.6 billion, representing a 1% increase from the same period last year.
The deal expands Olam Agri’s grain sourcing and farming business in Ukraine while marking another step in its growth under SALIC ownership.
The new system allows farmers to apply online for duty-free export access while grain markets continue to adjust to weaker corn demand.
Nestlé has committed to advancing regenerative food systems at scale and aims to source 50% of its key ingredients from farmers adopting regenerative agriculture practices by 2030.
The 22 acre site will produce concentrates for PepsiCo’s product portfolio and is part of a larger Rs 5,700 crore (US$598.67M) investment pipeline the company has committed to India through 2030.