If Kevin Rudd still believes in his comments prior to the election that food prices are too high in Australia, then perhaps he should be considering a visit to Woolworths or Coles if the example of Russian Prime Minister Vladimir Putin is any guide. As Australian Food News reported on last week, Mr Putin paid a surprise visit to a supermarket outlet under the banner of one of Russia’s leading retailers – X5. He questioned the price of sausages and pork and received assurances that the... ...Read more »

Russian Prime Minister Vladimir Putin has paid a surprise visit to a supermarket in Moscow, queried their prices and received a guarantee that the cost of pork for customers would fall the next day. His visit to the dairy and meat aisles of a supermarket outlet of one of Russia’s largest retail chains – X5 Retail Group – came with food producers and the leading managers of the retailer in tow. The first target was sausages, according to the Kommersant daily, with Mr Putin questioning... ...Read more »

The Coca-Cola Company overnight reported that they had again exceeded growth targets, with unit case volume growth of 4 per cent in the fourth quarter and 5 per cent for the full year propelling them to a yearly profit of US$5.8 billion. The profit was, however, down 3 per cent on last year’s figures due to the impact of one-time charges. Sparkling beverages increased unit case volume 2 percent in both the quarter and full year, the Company noted. While stalwarts Coca-Cola, Fanta and Sprite... ...Read more »