Archives for August 10, 2015

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Italian firm invests in Hungarian meat plant

By Jaroslaw Adamowski

Italian-owned pork and poultry meat processor Kometa 99 ZRt. has completed an investment estimated to be worth some 700m Hungarian Forint (HUF) (€2.3m) at its facility in Kaposvár, in Hungary’s south-western part. 

Mixed Maggi news for Nestlé as FDA gives all clear

By Joseph James Whitworth

Nestlé India’s Maggi noodles have been cleared by one Indian lab but failed tests in another as the US Food and Drug Administration (FDA) has given them the green light.

Saudi beats Egypt for top F&B market spot

By Eliot Beer

Saudi Arabia remains the most attractive food and beverage market ahead of Egypt, with food consumption growth of 7.6% this year, says a new BMI report.

Feature

Two new barley plant genes discovered

By Millie Thwaites

A group of international researchers have discovered two new genes in the barley plant that will shed light on the history of agriculture and also bring new capabilities to barley breeding programs.

Savola profits down 15%, more falls to come

By Eliot Beer

The Savola Group saw profits fall 15% in its second quarter, and warns full-year profits could be down 10%, because of oversupply of commodities and a larger retail sector.

New Zealand: red meat pitfalls and potential

By Chloe Ryan

New Zealand red meat farmers are among the highest earners in all farming sectors, but the industry must overcome significant barriers to fuel economic growth, according to the latest research.

Retailers shouldn’t carry the blame for food waste, says BRC

By Nicholas Robinson

Food waste reduction by manufacturers and households needs to be the focus of attention since they are the biggest culprits, rather than supermarkets, the British Retail Consortium (BRC) director of food policy Andrew Opie has argued.

New CEO looks to generate 'aggressive, run-rate cost savings of $1.5bn by the end of 2017'

Heinz has slashed almost a quarter of its workforce since April 2013, SEC filings reveal

By Elaine Watson

Heinz has slashed just under one quarter (23.8%*) of its workforce since April 2013 as part of a ‘restructuring and productivity’ drive at the ketchup giant, which was acquired by private equity firms 3G and Berkshire Hathaway in June 2013, and tied the...

Qatar food inflation just 0.2%, says QNB

By Eliot Beer

Qatar will see food price inflation of 0.2% for the rest of this year, driven by falling global food prices, with prices rising again in the next two years, according to a new report.