Business Watch
Russia's love affair with Australian beef cattle is set to continue, with the chief of Angus Australia tipping further growth in the market this year.
The lion's share of Mexico's beef exports to Russia will not be blocked by a Russian ban on meat imports it fears may contain traces of the feed additive ractopamine, according to an official advisory received by the Mexicans on Wednesday.
Halal products from Moscow’s Tsaritsyno meat processing plant will be examined in laboratories in Malaysia and the United Arab Emirates (UAE) following recent reports that pig DNA has been detected in them, says the chief of Russia's Mufti Council’s International Center for Halal Standardization and Certification.
Russia's biggest food retailer X5 Retail Group expects faster sales growth in 2013 and its management will not be happy with sales growth below 11 percent, its chief executive said.
Lawmakers from the governing United Russia and opposition Just Russia parties introduced a bill Monday in the lower house of parliament that calls for a ban on the production and sale of energy drinks that contain low levels of alcohol and caffeine, media reports said.
Russia's largest grocery store chain, X5 Retail Group, posted a $126.5 million IFRS net loss in 2012 on asset impairment after a net profit of $302.2 million a year earlier, the company said on Monday.