Global food prices surged in October 2024, reaching an 18-month high, driven largely by rising vegetable oil prices.

Fonterra is proceeding with the disposal of its consumer business, with an IPO or sale to a trade buyer put forward as possible options.

A senior Bakkavor executive has accused a UK trade union of being more focused on publicity rather than resolving a strike.

US snacks giant Hershey has acquired sour candy brand Sour Strips for undisclosed sum to expand its sweets portfolio.

A second Trump presidency is likely to lead to disruption to global trade, especially in the relationship between the US and China.