JBS net income drops in second quarter
JBS suffered a mammoth 80% year-on-year drop in income for the second quarter of the year, due to growing net financial expenses.
Archives for August 14, 2017
FDA allows use of ultrafiltered milk in cheese to ease fallout from new Canadian pricing scheme
FDA’s decision late last week to allow manufacturers in some cases to use ultrafiltered milk and ultrafiltered nonfat milk to make cheese could help ease the negative impact on US dairy farmers of less expensive UF milk from Canada that currently is...
Blue Diamond increases almond flour production to meet record demand
With demand for almond flour at an “all time high,” Blue Diamond Growers is increasing its production capacity for the on-trend ingredient via a new processing line at its Salida (CA) manufacturing complex.
Veggie Noodle Co. will expand production, distribution with support from Encore Consumer Capital
A minority equity investment from Encore Consumer Capital could help fast-growing Veggie Noodle Co. spring to new levels by funding the startup's expansion into a larger facility in East Austin that will allow it to produce more than five times its...
South Asia radius
India puts GM foods on ‘permanent hiatus’
Widespread opposition to ending the moratorium on genetically modified food has pushed the government onto the back food on the issue.
Almonds backed for cholesterol management and heart health
Eating almonds could help boost levels of ‘good’ HDL cholesterol while also improving the way it helps remove ‘bad’ cholesterol from the body, say researchers.
Jin+Ja projects revenues of $4.5m in 2017, unveils new Super Greens powder
Canada Enterprises LLC - the company behind spicy ginger beverage Jin + Ja - is on course to more than double revenues in 2017 to approach $4.5m as it explores new territory with the launch of Super Greens powder and ramps up its direct to consumer business.
Move over, mānuka? Firm claims stingless bee honey 'better for health and environment'
Honey from a stingless bee species native to the Philippines is being touted as superior to mānuka honey, with a Singapore firm marketing products made from the former.
HPP hummus pioneer Hope Foods raises $7.4m via factory sale and leaseback
Hope Foods has raised $7.4m by selling the 59,000sq ft industrial building in the Colorado Technology Center in Louisville, Colorado, where it manufactures its organic hummus and dips, to California-based Adler Realty Investments – and has struck a...
Australia rolls out sheep health monitoring programme
Meat & Livestock Australia (MLA) has announced a $3 million (m) investment in the health of its sheep flock.
C-store demand rocketing as more call centres open in Philippines
Tipped to grow at an annual rate pushing 10%, the Philippines grocery retail market is expected to become the fifth-biggest in Asia by 2021, according to new data by IGD.
Top Iranian dairy companies and trends
The Iranian dairy industry is beginning to expand. This growth domestically is being complemented by the country’s dairy companies now looking to export to countries such as Russia.
Smithfield Foods buys Kansas City Sausage Company
Smithfield Foods Inc has announced the full acquisition of sausage producer and processor Kansas City Sausage Company.
No Belgian chicken meat has tested positive for banned insecticide
Belgium’s food safety body, the Federal Authority for the Safety of the Food Chain (FASFC), has confirmed not a single sample of the tested chicken meat has been found to contain traces of fipronil, the toxic insecticide that has sparked a Europe-wide...