Archives for May 22, 2012

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Diamond Foods secures $225m investment

By Caroline Scott-Thomas

Diamond Foods has secured $225m of funding as it looks to reestablish itself in the walnut industry and grow its business, in a deal that could see investment firm Oaktree Capital Management take a 16.4% share of the company.

Russia to reach poultry self-sufficiency this year

By Vladislav Vorotnikov

The index of poultry meat production in Russia has hit the levels predicted by industry representatives for the first quarter of 2012, leading them to claim that the country will become self-sufficient in poultry meat this year.

UK trade body calls for more support on environment

By Rod Addy

Channels for UK food industry funding for environmental projects could be improved, according to Andrew Kuyk, director of the Food and Drink Federation’s (FDF’s) sustainability and competitiveness division.

Analyst lauds chocolate market potential in Mexico

By Oliver Nieburg

Confectioners face big rewards by tapping into market potential in Mexico, but will face “oblivion” if they fail to address growing health concerns, according to an analyst.