Dale Farm to increase cheese manufacturing in Northern Ireland
UK dairy cooperative Dale Farm is investing £70m ($87.4m) in expanding Cheddar cheese processing operations in Northern Ireland. The business, based in the province, is...
Category : Finance
Tyson Foods boosts profit forecast as chicken division gains momentum
Tyson Foods has updated its guidance for adjusted operating income, anticipating growth in the chicken segment of its protein portfolio. Despite facing challenges with declining...
Australian Senate calls for legislation against supermarket price gouging
In a recent Senate inquiry report released by the Greens party, recommendations were made to address issues of supermarket price gouging in the Australian market....
Germany sees a 17% increase in production of meat substitutes in 2023
In 2023, Germany saw a 17% increase in meat substitute product demand, with production rising by 17% year on year, according to the country’s Federal...
GFI reports decrease in US plant-based food retail sales for 2023
In 2023, the plant-based food industry in the US saw a decline in sales, with meat and seafood alternatives experiencing significant drops in both value...
Australia Investigating for Possible Contamination of Everest and MDH Indian Spices
Australia’s national food standards agency is currently investigating the potential contamination of spices produced by Indian brands Everest and MDH. The Food Standards Australia New...
GrubMarket acquires Global Produce, a South African fresh fruits supplier
GrubMarket, a US-based food delivery group, has recently acquired South African fresh fruit exporters Global Produce in a deal with undisclosed financial details. Global Produce...
JBS in Brazil to generate numerous job opportunities by 2024
JBS, a Brazilian meat giant, has announced plans to create 7,000 new jobs in the food and beverage industry this year. This move comes as...
Premier Foods to sell off frozen pizza division
Premier Foods, a UK manufacturer, has decided to discontinue the production of private-label frozen pizza as part of its strategy to focus on enhancing its...
US athletes investment platform Patricof invests $10m in Bazooka Candy
Bazooka Candy Brands, a US-based confectionery company, has secured over $10m in funding from Patricof Co, a private investment platform for professional athletes. According to...