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Daily Insights and Food Industry News

BIDEN ADMINISTRATION TO INVEST €550 MILLION TO BOOST COMPETITION IN THE US MEAT INDUSTRY

15 Jul 2021  Read: 3 min.
The Biden administration is set to invest in America's meat-processing capacity and “revitalise” trading rules, arguing that Covid-19 has demonstrated the need for more competition in the industry.

NEW REPORT SHOWS ORGANIC IMPORTS TO EU27 DROPPED LAST YEAR

14 Jul 2021  Read: 2 min.
Organic imports into the European Union fell slightly last year, according to a report released by the 27-member bloc’s executive branch.

ALTRIA OFFLOADS WINE BUSINESS TO PRIVATE EQUITY FIRM FOR $1.2BN

13 Jul 2021  Read: < 1 min.
Tobacco-to-drinks group Altria is selling its US Ste. Michelle Wine Estates (SMWE) business to private equity firm Sycamore Partners in a $1.2 billion deal. The all-cash transaction is through Altria Group subsidiary UST and is expected to close in the second half of 2021, subject to the usual clearances.

WORKING TOWARDS A SUSTAINABLE REVOLUTION WITH NATURE’S FYND

13 Jul 2021  Read: 3 min.
How do we feed the entire world and how do we feed it well? This is a challenging task for many companies, scientists and public administrations today. Knowing this issue, Bill Gates, Jeff Bezos and Al Gore invested US$158 million into a start-up company Nature's Fynd, based in Chicago.

US SPIRITS INDUSTRY URGES BRITAIN TO DROP 25% TARIFF ON AMERICAN WHISKEY

12 Jul 2021  Read: 3 min.
The Distilled Spirits Council of the United States (Discus) is hoping that the only spirits category subject to tariffs between the UK and US will get a reprieve following a consultation that is now in progress.

SIAL PARIS AND THE UNITED STATES HERALD LONG-STANDING PARTNERSHIP

12 Jul 2021  Read: 5 min.
We asked SIAL Director, Adeline Vancauwelaert, and Laurent Journo, Marketing Specialist at the Embassy of the United States of America in Paris, to find out more about the special relationship between the country and SIAL Paris.

RHODES FOOD GROUP LOOKS FOR NEW SYNERGIES AFTER BUYING PIONEER FOODS’ FROZEN ARM

12 Jul 2021  Read: < 1 min.
Rhodes Food Group (RFG) of South Africa is hoping for synergies after buying the frozen foods business of another South African company, Pioneer Foods.

INDIA PRESSES EU TO LOOSEN PESTICIDE RULES

09 Jul 2021  Read: 3 min.
India is pushing for the European Union to amend rules on pesticide residues that are said to be hitting the country’s rice producers.

NEW RESEARCH SHOWS DIVERSITY IN SUPPLY CHAIN CUTS RISK OF FOOD SHOCKS

09 Jul 2021  Read: 2 min.
Having a more diverse supply chain reduces the chance that a city will suffer shocks to its food supply, according to newly published research.

USDA PROMISES COMPREHENSIVE REVIEW OF ‘PRODUCT OF USA’ MEAT LABELLING

08 Jul 2021  Read: 2 min.
Following a vote last week from the Federal Trade Commission to strengthen enforcement of the Made in USA standard, the US Department of Agriculture (USDA) has come out in favour of the move and also promised to look at the ‘Product of USA’ label on meat.

DEMAND FOR ORGANIC PRODUCE SOARS IN AUSTRALIA FOLLOWING PANDEMIC

08 Jul 2021  Read: 3 min.
Millions of Australians have turned to organic food since the start of the Covid-19 pandemic and more than half of shoppers have purchased certified organic in the last year, according to the Australian Organic Market Report 2021, compiled by Australian Organic Limited. Niki Ford, Chief Executive of Australian Organic Limited, said the dual health and…

VIETNAM ADJUSTS SEAFOOD EXPORT STRATEGY TO COPE WITH SLOWER SALES TO CHINA

07 Jul 2021  Read: 2 min.
Seafood exporters from Vietnam are sending more dried and processed products to China to cope with a decline in sales caused by the latter’s tough measures against imported frozen products to contain the spread of Covid-19.

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