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21.04.26 - 16:03
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"We′re On Borrowed Time": Vitol LNG Chief Warns Of Coming Food Price Shock (ZeroHedge)
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"We're On Borrowed Time": Vitol LNG Chief Warns Of Coming Food Price Shock
Pablo Galante Escobar, the head of liquefied natural gas (LNG) at Vitol, warned the audience at the FT Commodities Summit earlier today that the "world is on borrowed time" and that the Gulf energy shock will develop into a food crisis unless LNG flows resume through the Hormuz chokepoint.
"We are on borrowed time. Every day this trade remains closed and every day production does not come back, we are building a problem for the future, and we are building a problem that, as I said, will be transferred from the energy side into many different sectors, with the food sector being a very important one," Escobar said, who works world's biggest independent energy trader.
Escobar continued, "This is not sustainable, or the energy crisis will become a food crisis. Only gas can supply the feed for fertilizers. We are building a problem for the future."
He added that even if the Hormuz c...
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21.04.26 - 14:00
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Hidden office, fractured bone: violent resistance behind China′s record food safety fine (SCMP)
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Behind China's landmark crackdown on the e-commerce and food-delivery sectors lies a darker narrative of resistance, secrecy and violence, after regulators uncovered a vast network of “ghost” bakeries and imposed a record fine on seven major platforms.
The State Administration for Market Regulation (SAMR) levied a 3.6 billion yuan (US$528 million) fine on seven platforms run by PDD Holdings, Meituan, JD.com, Alibaba Group Holding and ByteDance, with the probe revealing a hidden office, violent......
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21.04.26 - 13:02
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Tierhaltungslogo soll in Restaurants kommen (DPA-AFX)
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BERLIN (dpa-AFX) - Das lange geplante staatliche Tierhaltungslogo für Fleisch soll nach Plänen des Bundesagrarministeriums im nächsten Jahr mit mehreren Änderungen eingeführt werden - und zwar außer in Supermärkten auch in Restaurants und Kantinen. "In ......
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21.04.26 - 09:06
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Primark to split from food business despite warning of Iran war impact (The Guardian)
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ABF to demerge fashion chain from firm that owns Kingsmill, Twinings and Patak's, plus a sugar companyBusiness live – latest updatesPrimark is to break free from its sister food company which owns Twinings, Kingsmill and Patak's next year despite warning that the conflict in the Middle East was likely to hit consumer spending.The fashion chain's owner, Associated British Foods (ABF), confirmed the plan to split off Primark from the rest of the group, first mooted last year. Continue reading......
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