AGP Executive Report
Last update: 8 hours agoM&A in Processed Meats: Hormel Foods agreed to sell its Brazil Ceratti business to Zanchetta Alimentos, keeping the Ceratti brand and production facilities as Hormel reshapes its international portfolio. Food Safety Recall: Tesco and Lidl issued an urgent recall of multiple ham products over possible Listeria monocytogenes contamination, urging shoppers to check batch codes and use-by dates. Inflation & Food Costs: India’s monsoon rainfall deficit is expected to lift food inflation to about 6% in FY27, with headline CPI around 5%, while Turkey reported June annual inflation at 32.11% with food and non-alcoholic beverages up sharply. Hospitality & Retail Deals: Ahead of July 4, brands including Sonic, Burger King and Krispy Kreme rolled out limited-time freebies and promotions, while local events are driving extra demand for food trucks and restaurants. Business Growth Signals: Varun Beverages’ South African subsidiaries approved a merger to streamline operations, and India’s services PMI slowed to a 17-month low, hinting at softer demand. Entrepreneurship & Community: Fiji opened nominations for SPBD’s Businesswoman of the Year Awards, and a UK Lego café model (Brick Bank Café) continues using food-and-drink sales to fund autism support.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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