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The price of bread rose by almost a fifth in the European Union in August as Russia’s invasion of Ukraine, both major exporters of grains and fertilisers, continued to disrupt global markets and headline inflation accelerated.

Hunger levels are unacceptably high and have risen dramatically in the past two years, driven by conflict and destabilization, including the war in Ukraine, global and national economic shocks and a climate crisis that is “affecting every corner of this small planet,” Qu said. “Our agrifood systems are fragile, and our supply chains are under pressure,” he added. “The magnitude and severity of acute food insecurity is daunting.”

BASF has entered into a binding agreement with Lallemand Inc’s subsidiary, Danstar Ferment AG, to divest the BASF Nutrilife® baking enzymes portfolio and business. Nutrilife® enables food suppliers produce affordable, healthy and appealing food products while contributing to more efficient use of resources. Subject to customary closing conditions, the transaction is expected to complete on September 30, 2022.

The book "Life Tips 3: A Plain Expression of Difficult Subjects" by Murat Ülker, Chairman of pladis and GODIVA, in which he gives tips on success in business life and includes his views on art and travel notes, met with the reader.

President of the Istanbul Chamber of Bakers (İFO), Erdoğan Çetin, said that bread production costs in Istanbul are one and a half times higher than in other provinces.

Continuing to supply its entire electricity consumption for the year from renewable energy sources, Barry Callebaut Turkey was awarded an International Renewable Energy Certificate (I-REC) this year, too.

FAO Food Price Index dips by 1.9 percent while new FAO forecasts point to lower global cereals output in 2022.

As global partner, iba will be present at the International Baking Industry Exposition (IBIE) and contribute with a lecture and via a panel discussion to knowledge transfer from the industry for the industry. IBIE in Las Vegas will take place from 17-21 September 2022 and will bring together all segments of the grain-based food industry supply chain.

Grupo Bimbo SAB de CV announced the launch of Bimbo Open Door, a business accelerator to invest in Latin American bakery and snacks projects that align with at least one of the three pillars of the company’s sustainability strategy.