WTO Sees Food Prices At Risk Of Massive Spikes
On Wednesday, the World Trade Organization (WTO) released its Global Trade Outlook report, which showed food prices soared 18% globally last year, including a 21% increase in the cost of…
McDonalds To Cut Pay And Benefits For Some Employees
McDonalds has continued its restructuring, now cutting pay packages for some employees, amid a reorganization featuring layoffs and the closure of some offices, according to a Wall Street Journal report…
McDonalds Tells Corporate Staff To Stay Home This Week, And Watch Out For Layoff Emails
On Sunday the Wall Street Journal reported that hamburger chain McDonalds Corp (MCD.N) will be closing its offices temporarily this week in preparation for informing employees about layoffs as part…
Brazil Approves Bioceres’ GMO Wheat
Argentinian agri-biosciences firm Bioceres announced this week that the Brazilian government’s National Biosafety Commission approved the company’s drought resistant, genetically modified strain of wheat, HB4 wheat for cultivation, production, and…
UK Food Prices Rise 17%
New data released by market researcher Kantar on Tuesday showed UK grocery prices surged to 17.1% to hit a new record in the four weeks of February. The fastest price…
UK Farmer’s Union Official Tells UK, “Take Command” Of Food Production
On Saturday, the Deputy President of the National Farmer’s Union, Tom Bradshaw, said the UK government needs to “take command” of domestic food production, as he warned that the present…
Ukraine Seeks To Renew Grain Export Agreement With Russia
On Wednesday, Reuters reported that Ukraine is seeking an extension of the Black Sea Grain Initiative, which the UN brokered, for at least one additional year. The report cited Ukraine’s…
Vegetables Rationed At British Supermarkets
The largest grocer in Britain, Tesco, has begun rationing purchases of salad vegetables due to a supply shortage, according to an announcement by the company on Wednesday. It now joins…
Cost Of Living Crisis Putting British Pubs Out Of Business
A new report by accountancy firm UHY Hacker Young has revealed that a growing number of British pubs have had to shut their doors as energy bills rise, and inflation…
Nestle Issues Dour Warning
Nestle, the biggest food corporation in the world has said it expects the prices for staple items will continue to rise throughout 2023, following a year of increasing prices which…
