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.
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.
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.
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.
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.
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).
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.
The US Food and Drug Administration has announced additional traceability record-keeping requirements for products on its food traceability list (FTL).
Excess stock from Aldi’s network of Regional Distribution Centres (RDCs) is to be made available to Community Shop stores across the UK after the supermarket extended its partnership with Company Shop Group (CSG), a redistributor of surplus food.
