Nestlé to build its first infant formula plant in Russia

RUSSIA – Nestlé is building its first infant formula plant in Russia and the Eurasian region, as the world’s leading nutrition, health and wellness company invests to meet rising demand in the region. “The factory in Vologda is a strategic plant for Nestlé in Russia and CIS, the only factory producing Nestlé infant formula in…

Heineken plans to sell off production facility in Russia

RUSSIA - Heineken, the world’s third-largest brewer, has announced its plans to sell its production site in Kaliningrad, Russia for US$4.3 million. According to Reuters, the Dutch company had already halted production at the Kaliningrad plant in January, citing a steady decline in Russia’s beer market due to the tightening of the regulation and recession.…

World wheat sowings for 2018 to see ‘only modest’ growth – IGC

WORLD - World wheat sowings will see "only modest" growth despite the lure of higher prices, the International Grains Council said, seeing area in the European Union, the top grower, as "broadly unchanged". The International Grains said that world wheat prices are "more than 10% higher year on year as northern hemisphere growers plant winter…