There is a truly cosmopolitan flavour to this week’s ‘week in words’ with food execs from Mexico City to Moscow keen to voice their thoughts on some of the key issues affecting the industry. Grupo Bimbo, the Mexican bakery giant, has stood firm over claims of “deceitful” labelling, while Wimm-Bill-Dann, Russia’s largest dairy firm, has sounded a warning on the outlook for the country’s economy. Dairy prices are often a hot topic for many in the industry and this week was no exception, with France’s Bongrain and New Zealand’s Fonterra giving their prognosis of the market.
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“We don’t cheat or hide anything from consumers. In different countries we use different labels, depending on what authorities require, and we always follow the law” – Grupo Bimbo corporate relations director Luis Rene Martinez
“We’re coming out of the summer into the dark of the Russian winter and there a lot of people who say that the bottom has not been reached in Russia” – Wimm-Bill-Dann Foods CEO Tony Maher
“Milk prices are a big, big pain in the ass” – a Bongrain spokesperson as the French group posts tumbling half-year profits
“With demand returning, our customers have more confidence in refilling their supply chains. But it remains to be seen whether demand has returned to sustainable growth” – Fonterra Global Trade MD Kelvin Wickham
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By GlobalData“Pilgrim’s Pride would be an attractive target because they are in bankruptcy proceedings right now. Basically, JBS can buy the largest US chicken processor for pennies on the dollar” – Morningstar analyst Ann Gilpin on why JBS’s reported interest in Pilgrim’s Pride makes sense
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