Archive for June 15th, 2021

WASHINGTON, DC, US — The Consumer Price Index for baked foods and cereal products increased 0.4% in May, its fourth straight month of gains, according to the Bureau of Labor Statistics of the US Department of Labor. The index for all food at home rose 0.3%.

Of the 18 items followed by Milling & Baking News, a sister publication of World Grain, 14 posted month-over-month increases and 4 posted declines.

The May index for Cereals and Bakery Products before seasonal adjustment was ...

KANSAS CITY, MISSOURI, US – After 60 years of operating in a planned economy, India’s agricultural sector is changing course. Last fall, after contentious debate, India’s parliament passed three laws designed to liberalize sales of agricultural products and pave the way for the country to become a powerhouse exporter.

Advocates of the new free market system say allowing the private sector to play a bigger role will spur land consolidation and investment in mechanization, as well as generate economies of scale ...

MONTREAL, QUEBEC, CANADA — Canadian National Railway Co. (CN) and Kansas City Southern (KCS) have moved a step closer in their merger process, filing certain documents with the Surface Transportation Board (STB) that will allow the STB to review the voting trust in connection with the definitive merger agreement between CN and KCS. In mid-May, CN agreed to acquire KCS in a transaction valued at $33.6 billion.

The newly filed documents include written opinions of financial advisers, debt commitment letters and ...