Food Roundup: Mexico Lifts Import Bans, Big Surge for Black Sea Wheat, and More
Mexico Lifts Import Bans — Mexico had suspended shipments from 30 U.S. plants, citing sanitary conditions. Some analysts have said the move was in retaliation for new labeling requirements, but both Mexico and the USDA deny that. [Source: Reuters]
Black Sea Wheat Exports Surge — Countries such as Ukraine and Russia are fast becoming major players in wheat markets. The region is taking market share from the U.S. [Source: Wall Street Journal]
Cal-Maine’s Profit Dips — The egg producer’s net fell 32 percent in the second quarter. Revenues were up 6.5 percent. [Source: Wall Street Journal]
Wal-Mart Joins Russian Lobbying Group — Joining the retail association signals the chain’s interest in expanding in Russia. Other members include the French retail giant Carrefour, Germany’s Metro AG. [Source: Reuters]
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