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British food manufacturers reported the first drop in their production costs since 2016 in May as lower commodity and energy prices and cheaper shipping outweighed a jump in wage bills, a Lloyds Bank report showed on Tuesday. ....
The company's European president said in a memo that the Milka chocolate bar-maker was being "treated differently" from rival companies that are also continuing to sell food and drinks in Russia. Boycotts against Mondelez began last week in Sweden and Norway. ....
California's Upside Foods said on Wednesday it received regulatory approval from the U.S. Department of Agriculture for the label on its cell-cultivated chicken, making it the second company in the United States to secure that approval. ....
U.S. grains merchant Bunge and Glencore -backed Viterra are merging to create an agricultural trading giant worth about $34 billion including debt, the companies said on Tuesday, in a deal that will likely draw close regulatory scrutiny. ....
European grocers could exceed market expectations for earnings growth this year as they keep prices high even as costs fall, but the spectre of declining inflation and government-imposed price caps is tempering investor hopes. ....