Amino acid specialist Ajinomoto has predicted that more cost increases are likely in FY2023 due to continuous inflationary pressures, even though the company reported record-breaking sales and profits last year.
The EU’s recent approval of its controversial deforestation regulation is expected to drive up the cost of palm oil and other affected commodities, and thus food and beverage prices, amid ongoing inflationary pressures that have already affected a majority...
Nestle has announced healthy growth in Asia in the first quarter of 2022 after imposing price rises across all its markets, with the F&B giant warning of further hikes to come due to the Ukraine crisis.
