WORLD NEWS
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Putin finally ready to negotiate return of Black Sea grain deal
RUSSIA – President Vladimir Putin has assured Turkey’s Tayyip Erdogan that Russia is open to discussions about the Black Sea grain deal- an initiative that…
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Hillenbrand completes Schenck Process Food and Performance Materials acquisition
USA- Hillenbrand Inc., a diversified industrial company, has acquired Schenck Process Food and Performance Materials (FPM) for an enterprise value of approximately US$730 million. Hillenbrand…
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Australia poised to lower wheat forecast as El Nino curbs output
AUSTRALIA- Traders and analysts anticipate that Australia will probably revise its wheat production estimate for the 2023/24 season downward by approximately one million metric tons. …
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PepsiCo makes a mega comeback in Indonesia with a new snack factory
INDONESIA – US food and beverage giant PepsiCo has announced a substantial investment of US$200 million to build a new snack factory in Indonesia, a move…
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Industry report claims 2008 rice crisis scenario is unlikely in spite of price rises
GLOBAL- Despite the recent exponential rise in rice prices globally, a recurrence of the 2008 crisis scenario remains unlikely, according to the International Rice Statistics…