EU worker exodus threatens UK food industry, some leaving already – survey

By Andy Bruce LONDON, Aug 24 : – Nearly half of businesses operating in Britain’s food supply chain say European Union workers are thinking about leaving because of uncertainty around Brexit, an industry survey showed on Thursday. Food processing makes up the biggest chunk of British manufacturing and relies heavily on immigrants, all though much […]

South Africa’s east coast sees return of Sardine Run

By Mfuneko Toyana KELSO, South Africa, Jul 29 : Fishermen on South Africa’s east coast were treated to a sight they have waited five years to see as millions of sardines swam in from the Indian Ocean, almost hurling themselves into nets that bulged to bursting point. Each year during the southern hemisphere’s winter months […]

Activist Loeb keeps up pressure on Nestle – source

By Martinne Geller and Maiya Keidan LONDON, Jul 10 : Activist investor Dan Loeb is keeping up pressure on Nestle by sharing views with the company as part of a regular dialogue, a source familiar with the matter told Reuters. Loeb’s Third Point hedge fund revealed a $3.5 billion stake in Nestle on June 25, […]

France’s Danone to sell Stonyfield to Lactalis for $875 mln

By Dominique Vidalon PARIS, Jul 3 : French food group Danone has agreed to sell its U.S dairy business Stonyfield to Lactalis for $875 million, a move designed to address competition concerns stemming from its acquisition of U.S. organic food group WhiteWave. Danone said on Monday that Stonyfield had around $370 million in turnover in […]

Cuban farmland lies fallow, production languishes

By Marc Frank HAVANA, Jun 26 : More than half of Cuba’s arable land remains fallow nearly a decade after a government pledge to cultivate it, and food production is sluggish, according to a government report. Cuba has yet to publish an overall figure for last year’s agricultural output. But the report released over the […]