Page 3 - Steam Flow News Today

Russia’s government has introduced temporary restrictions on the export of grain and sugar in an attempt to shore up supplies in its domestic market.

Grupo Bimbo, one of the world’s largest bakery companies, has joined a raft of other food manufacturers in halting sales in Russia.

Swiss chocolate manufacturer Lindt & Sprüngli has ceased operating in Russia following that country’s invasion of neighbouring Ukraine.

A basket of food or a trolley half full could become common place as the Ukraine crisis risks inflating elevated costs for consumers in developed countries.

McCain Foods, the Canada-based manufacturer, is mulling the future of a capital project to expand in Russia.

Food giant Nestle has suspended capital investment in Russia following the invasion of Ukraine but will continue to sell “essential” food products.

Little Moons, a London-based desserts business, has sold a “significant” minority interest to US private-equity firm L Catterton.

Russia should take over the factories of overseas companies that have decided to leave the country in the wake of its invasion of Ukraine.

Danone’s recently installed CEO Antoine de Saint-Affrique has adopted a fix it or flog it approach to breathe new life into parts of the portfolio.

Danone CEO Antoine de Saint-Affrique has stood by the dairy and baby-food manufacturer’s decision to continue doing business in Russia.