Australiafod

Pistachio prices have surged to multi-year highs as the war in Iran tightens supply. Now, South Africa's Karoo region is stepping into the spotlight, as farmers bet they can carve out a place in a market long dominated by a handful of producers. Bloomberg's Jennifer Zabasajja reports.

Magnolia Bakery CEO Nathan Louer discusses US franchise expansion, remaining an 'attainable luxury,' and why driving traffic is the key to the company's long term strategy. He talks with Katie Greifeld and Bailey Lipschultz on "The Close."

Carbone Fine Food Co-Founder Mario Carbone discusses global upheaval affecting food costs, 'cautious' customers, and why being experimental is part of their DNA. He talks with Katie Greifeld and Bailey Lipschultz on "The Close."

HelloFresh Group Global President Assaf Ronen discusses consumer spending, grassroots marketing, and how consumers are using the brand to 'hedge' food costs. He talks with Katie Greifeld and Romaine Bostick on "The Close."

McCormick CEO Brendan Foley joins Bloomberg Open Interest to break down the company's move to acquire Unilever's food business, revealing a strategy centered on global scale, flavor innovation, and supply chain control. He explains how McCormick plans to outcompete private labels, tap into wellness trends, and build a dominant "flavor powerhouse" through both acquisitions and in-house innovation.

Bloomberg Opinion columnist Javier Blas says the war in Iran, and the blockage of the Strait of Hormuz, has prompted warnings about another bout of global food inflation similar to the one that followed Russia's invasion of Ukraine. Despite those fears, the agricultural market isn't at risk today, at least in the short term. Oil prices may be soaring, but the world's plentiful food stocks are helping to keep commodity prices in check. However, if the US doesn't find an off-ramp from the war, rising energy and fertilizer costs could eventually push the farming industry to a breaking point. Speaking to Stephen Carroll on Bloomberg Radio Javier Blas says we're not there yet though.

Pure Foods Tasmania (ASX:PFT) announced its acquisition of the Brilliant Food Australia business.

Collins Foods (ASX:CKF) has entered into a legally binding conditional arrangement to transition the majority of its Taco Bell operations.

Sysco Corp. is acquiring Jetro Restaurant Depot LLC for $29.1 billion from billionaire Nathan "Natie" Kirsh. The deal will create one of the largest food-service groups in the US. Liana Baker reports.

The availability of an alternative route for getting crude from Saudi Arabia to Asia, the Red Sea, has become more of a risk after Houthi militants entered the Middle East conflict. Bloomberg's Brendan Murray explains.