Food Industry News : Inspire food Business

RELIANCE’S 50% STAKE IN SOSYO HAJOORI BOOSTS ITS POSITION IN INDIAN BEVERAGES

30 Jan 2023 Read: 3 min.

Reliance Consumer Products, the wholly-owned subsidiary of Reliance Retail Ventures, has agreed to take a 50% stake in Gujarat-based Sosyo Hajoori Beverages best known for the Sosyo soft drinks brand. The deal should strengthen Reliance’s drinks portfolio, thanks to Sosyo’s flavour and formulations expertise, particularly those that appeal to Indian consumers.

MIDDLE EAST AFRICA NEWS

BECHTEL TEAMS UP WITH ASAID IN INNOVATIVE SCHEME TO HELP MAIZE FARMERS IN ZAMBIA

27 Jan 2023 Read: 2 min.

An initiative has been launched between Bechtel and USAid to improve the amount of maize grown in Zambia that reaches the market without being spoiled.

ASIA EUROPE GROCERY NEWS

JUST EAT SIGNS DEAL WITH SAINSBURY’S BUT DUNZO ANNOUNCES STAFF CUTS

27 Jan 2023 Read: 3 min.

While the European food delivery market has been experiencing consolidation, some operators, such as Just Eat, are continuing to expand.

AMERICAS FOOD PROCESSING NEWS

ADM REVENUE SOARS TO $26.2 BILLION IN FINAL QUARTER OF 2022

26 Jan 2023 Read: 2 min.

Chicago-headquartered nutrition company, ADM has released strong results for the quarter ending December 2022 with its biggest segment of ag-services and oilseeds outperforming the rest in terms of operating profit. Revenue for the three-month period hit $26.2 billion.

FROZEN PRODUCTS NEWS

GROWTH IN FROZEN FOOD BOOSTED BY FRESH FROZEN FRUIT AND VEG AND HEALTHY PREPARED OPTIONS

26 Jan 2023 Read: 3 min.

Since the covid pandemic forced many of us across the world to stay in our homes, making shopping for groceries more difficult, consumers globally have been increasingly reliant on fresh frozen produce, as well as an increasing number of healthy, prepared vegan, or vegetable-based options.

NEWS SEA FOOD

PEW TRUST COMMENDS FISHERIES COMMISSION FOR ‘SEMINAL MOMENT’ IN NEW BLUEFIN TUNA MANAGEMENT

25 Jan 2023 Read: 2 min.

The Pew Charitable Trusts, a non-profit committed to conservation, has praised the International Commission for the Conservation of Atlantic Tunas (ICCAT) for adopting a modernised fisheries management plan for Atlantic bluefin tuna, one of the most valuable fishes in the world.

AMERICAS DAIRY PRODUCTS FOOD PROCESSING FROZEN PRODUCTS NEWS

MARS BOLSTER FROZEN OFFERING WITH NEW DESSERT LAUNCHES

25 Jan 2023 Read: 3 min.

Coming soon to a freezer near you are three delicious new desserts by Mars which combine confectionary favourites with delicious ice cream.

FOOD PROCESSING NEWS ORGANIC & WELLNESS

AYANA BIO PLEDGES $3M INVESTMENT INTO DEVELOPING HEALTHY INGREDIENTS DERIVED FROM CHOCOLATE

24 Jan 2023 Read: 2 min.

Ayana Bio, a plant cell technology company making sustainable bioactives for consumer products, has pledged $3 million (€2.75m) to accelerate the production of cacao compounds through cellular cultivation.

MEAT OCEANIA

AUSTRALIAN BEEF EXPORTS DROP TO LOWEST LEVEL SINCE 2003, BUT IT’S NOT ALL BAD

24 Jan 2023 Read: 2 min.

Official figures from the Australian government indicate that beef exports fell by 4% last year versus 2021, reaching just under 855,000 tonnes. Volumes were hit in most major markets with the exception of China.

AMERICAS FROZEN PRODUCTS GROCERY NEWS TRADE TALK

CONAGRA BRANDS ‘PROPHETIC FOCUS’ ON FROZEN FOOD BOOSTS SALES IN 2022

23 Jan 2023 Read: 2 min.

Conagra Brands, the food manufacturing giant known for its frozen food names including Bird's Eye, Celeste Pizza and Marie Callender's, has posted healthy net sales for its refrigerated and frozen food segment, which jumped 10.5% in its fiscal second quarter, ending November 27th, at $1.4 billion (€1.28bn).

BEVERAGES MIDDLE EAST AFRICA NEWS

SOUTH AFRICAN WINE EXPORTS DECLINED BY 5% IN 2022, BUT 2023 OFFERS NEW HOPE

23 Jan 2023 Read: 3 min.

Volume exports of South African wine fell last year but in terms of value the industry did a little bit better, raising hopes that a targeted recovery could come this year in a post-pandemic global market.

BEVERAGES

TENUTA LUCE RELEASES NEW VINTAGE, LUCENTE 2020

20 Jan 2023 Read: < 1 min.

Tuscan estate Tenuta Luce has announced the release of the Lucente 2020 vintage wine for international markets, including the United States.

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