Chips are down: how development of potato snacking products has slowed
Development of potato-based snacking products has slowed in the UK as Brits turn to alternatives such as popcorn and tortilla chips.
Archives for February 4, 2016
MEPs clash with the Commission over GM crops – again
Members of the European Parliament have once again clashed with the European Commission over its stance on genetically modified (GM) crops.
Top Super Bowl snacks underscore competition between conventional & better-for-you options
Consumers may be reaching for more natural and better-for-you snacks in general, but when it comes to planning Super Bowl party menus they are just as likely to reach for processed and conventional options as they are healthier options, according to IRI...
GUEST ARTICLE: There’s more to Super Bowl marketing than paying $5m for a 30-second TV spot
On February 7, when more than 180 million people in the US tune in to watch the 2016 Super Bowl, some will watch for the action, others the ads, and some are there just for the snacks.
US investor sells last of its shares in Vietnam’s biggest F&B brand
American private equity fund KKR has now fully divested its interest in Masan Consumer Corporation after selling the remainder of its shares to parent Masan Group Corporation for an undisclosed price.
Ukraine poultry firm takes a stand on EU exports
Ukraine’s largest poultry processor MHP plans to expand exports of poultry meat to the European Union (EU) at any cost, even if the current quotas are not raised, according to a statement from company owner Yuriy Kosyuk.
Nestlé buys out Israeli food manufacturer Osem for €752m
Food giant Nestlé has agreed to buy a remaining stake in Israeli food manufacturer Osem Investments, in a deal worth €752m ($840m).
A sweet forecast: Technavio’s outlook for Europe‘s sugar and sweetener market
Stevia price wars, a desire for natural sweeteners and a ‘mega boom’ of sugar production when EU sugar quotas come to an end feature among Technavio’s predictions for Europe’s sugar and sweetener market. “It’s a good future for the European sweetener...
BRF in $50m takeover of Universal Meats
Brazilian firm BRF, which claims to be one of the largest meat businesses in the world, has confirmed its acquisition of UK company Universal Meats for $49.5m (£34m).
‘Big changes’ needed in EU food supply chain
A report from the EU Commission on ways to improve the functionality of the region’s food chain concludes that sweeping changes to the Supply Chain Initiative need to be made, according to EU farming body Copa and Cogeca.
Dateline Southeast Asia
Obesity rate growing faster in Asean than in weighty Western countries
The number of obese adults in the six biggest Asean economies increased at a faster rate than that of Britain and America from 2010 to 2014, according to data gathered by the Economist Intelligence Unit.
Hampton Creek’s revenues surged 350% in 2015, says CEO: We’re about more than Just Mayo
Revenues at plant-based foods maker Hampton Creek surged 350% in 2015 as the company expanded its product range and strengthened partnerships in retail and foodservice, said CEO Josh Tetrick, who also grew the headcount at the San Francisco-based company...
Philippines takes R&D to the provinces with new development centre
A food innovation centre has been established through a partnership between the Philippines Department of Science and Technology and Mariano Marcos State University in Ilocos Norte.
Tripod Farmers recalls lettuce linked to Salmonella illnesses
Tripod Farmers has recalled pre-packed lettuce linked to an outbreak of Salmonella.
New Singapore food regulations come into effect
Amendments to Singapore’s food regulations have now come into force, according to a circular from the Agri-Food & Veterinary Authority of Singapore.
Steve Hanson elected as US Beef Councils chief
Nebraskan cattle producer Steve Hanson has been elected chairman of the Federation of State Beef Councils during the 2016 Cattle Industry Convention at the National Cattlemen’s Beef Association (NCBA) trade show in San Diego.
Kuli Kuli expands portfolio, mission with energy shot launch
Moringa superfood product manufacturer Kuli Kuli expands it portfolio and the reach of its social mission with the launch of three energy shots, thanks to an infusion of $1 million from a mix of investors and fundraising tactics.