Baku / AZ. (apa) Bread deficiency observed last day in a number of shops in Azerbaijani capital, local newsletters report. This shortage caused rise of price of bread to 30 kopecks from 20 kopecks. Shop assistants say 500 gram and 1.000 gram bread is reduced by 100 to 125 gram in weight in the past 14 days.
Kuala Lumpur / MY. (wib) «We may be a rice-eating society but there is definitely an inclination to breads, judging from the number of bakeries that have surfaced in the city», we read in the Malaysian «Star» about the opening of a company, shop or outlet named «The Bakery Moments» in Kuala Lumpur.
Maroussi / GR. (mig / wib) Marfin Investment Group Co Limited (MIG) and Greek leading food group Vivartia S.A. announce, that MIG has agreed to acquire a 30 percent stake from the main shareholders of Vivartia for a price of 25 USD per share. The transaction will be completed in this days. In short: MIG pays 550 million Euro (758 million USD) for a strategic stake in Vivartia.
Oak Brook / IL. (md) McDonald´s Corporation will convert some of its Japanese stores into cafes as it takes on coffee-shop chain leader Starbucks Corporation. McDonald´s Holding Co. Japan Ltd. will open 15 McCafe coffeehouse-style stores next month in the Tokyo area, announces a press release.
Harare / ZW. (wib) President Robert Mugabe´s Zimbabwe is officially a socialist republic, predictably complete with a Politburo and worthless money. Currency traders quote Zimbabwean Dollar (ZWD) only with a black market exchange-rate: 300.000 ZWD for one USD – a depreciation of 30 per cent in the past week alone. Zimbabwe is a morality play, made hypnotic by its tragic ending.
Utrecht / NL. (gem) Private equity firm Gilde has reached in principle agreement on the acquisition of caramel waffles and caramel biscuits bakery Van der Breggen BV in Tilurg, Netherlands. The intended acquisition will result in a joining of forces between Van der Breggen and Bakkersland Banket, a company recently acquired by Gilde.
London / UK. (rgf) The Real Good Food Company PLC, which owns Hayden´s Bakeries in Devizes (Wiltshire), has announced that it is confident that current market expectations for full year profits will be met. In a six month trading statement to June 30th, the company said that sales in its bakery ingredients division had been slow, albeit in a traditionally quiet trading period and were «slightly down» on the previous year.
Jilin / CN. (bw) China Organic Agriculture (COA) is among the largest producers of organic rice in People´s Republic of China commanding a 40 percent market share. COA controls all aspects of the process from seeds to planting and processing, R+D and sales. The proprietary processing factory is 20.000 square meters and has an annual production capacity of 30.000 tons.
New Delhi / IN. (wib) India´s economy is growing as fast as China´s and therefore not to be underestimated. In the news we often read about the People´s Republic of China and Southeast Asia – Reports about the economic growth of the sub continent are amazingly reserved against that.
Tel Aviv / IL. (jp) According to «Jerusalem Post», the Israeli Knesset Economic Affairs Committee ordered bakeries to temporarily begin producing price controlled bread and called upon the government to form a special committee to investigate and settle the matter of government controlled bread prices.