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Daily Insights and Food Industry News

WALMART INVESTS IN NEBRASKA-BASED SUSTAINABLE BEEF, WITH NEW PLANT PLANNED BY 2024

08 Sep 2022  Read: 2 min.
As part of plans to increase access to quality beef at affordable prices for customers, grocery giant Walmart has signed an agreement to acquire a minority stake in Sustainable Beef LLC, a rancher-owned company based in North Platte, Nebraska.

MEDICINAL MUSHROOMS MARKET SET TO BOOM BY 2025 SAYS NEW REPORT FROM TECHNAVIO

08 Sep 2022  Read: 2 min.
The medicinal mushrooms market is set to boom by $4.55 billion by 2025, according to new data from Technavio, as the food industry and consumers become increasingly aware of the health benefits and medicinal properties that fungi offers.

AQUACULTURE STEWARDSHIP COUNCIL SIGNS MEMORANDUM WITH JAPAN-BASED SEAFOOD LEGACY ORGANISATION

07 Sep 2022  Read: < 1 min.
A memorandum of understanding has been signed between Seafood Legacy, a Japan-based social and environmental organisation, and the Aquaculture Stewardship Council, an independent organisation that focuses on sustainable aquaculture.

ENJOYMENT IS ONE OF THE FOOD INDUSTRY’S KEY INNOVATORS, NEW STUDY FOR SIAL REVEALS

07 Sep 2022  Read: 3 min.
Enjoyment is a key motivator and driver for innovation in the food industry, SIAL has found.

AUSTRALIAN GOAT MEAT SCORES OVER 50 IN STUDY, IMPLYING HIGH ACCEPTANCE

06 Sep 2022  Read: 2 min.
Consumer taste-test results show that Australian goat meat has a high acceptance among domestic consumers who scored it, on average, over 50 points, which is considered a good everyday product. This has flagged the meat’s potential for domestic consumption.

PERNOD RICARD SETS NEW RECORD WITH OVER €10 BILLION IN ANNUAL SALES

05 Sep 2022  Read: 3 min.
The world’s second biggest producer of wines and spirits, Pernod Ricard, generated record sales of €10.7 billion in its fiscal year 2022, ending in June, with all regions contributing to growth.

WHY FOOD PRICES IN FIJI ARE DECREASING DESPITE STEEP WORLDWIDE INFLATION

02 Sep 2022  Read: < 1 min.
A new report from the Fijian Competition and Consumer Commission has shown that food prices in Fiji are decreasing, with a number of contributing factors.

SIAL FINDS BIG CHANGES IN CONSUMER ATTITUDES TO FOOD IN THE POST-COVID WORLD

02 Sep 2022  Read: 5 min.
Consumers are thinking hard about what they eat and are making choices that they believe will help to make the world a better place, research carried out for SIAL has found.

UK FOOD INFLATION TOPS 9%, A 14-YEAR HIGH

01 Sep 2022  Read: 2 min.
Food inflation in the UK accelerated strongly to 9.3% in August, up from 7% in July. This is above the three-month average rate of 7.2% and the highest inflation rate since August 2008. For fresh food, the inflation rate in August was higher at 10.5% while ambient food accelerated to 7.8%.

FUTURE MEAT DEVELOPS ITS FIRST CULTIVATED LAMB, A WORLD FIRST?

01 Sep 2022  Read: 3 min.
Future Meat Technologies has recently developed a revolutionary new alternative meat. The Israel-based cultivated food manufacturer is revered for its innovative technology used to produce meat, and it is thought this new invention will be a bold stimulus for the alternative meat industry.

DOLE REINFORCES COMMITMENT TO PEOPLE, PLANET AND PROSPERITY WITH NEW OPERATIONS IN SIERRA LEONE

31 Aug 2022  Read: 3 min.
Packaged fruit brand Dole Sunshine Company (DSC) says it has reinforced its commitment in Sierra Leone as it nears completion of Phase 1 of its $70 million project to improve livelihoods in the region.

CLEAN JUICE PROMOTES INNOVATION AND CORE VALUES AS DRIVERS FOR Q2 SUCCESS

31 Aug 2022  Read: 3 min.
Clean Juice, the organic juice and food bar franchise has reported a successful second quarter in 2022 and has named innovation and its core values as reasons for its success.

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