Grain deal revives FAO index as India’s rice export ban is reversed
Global food commodity prices increased in July due to the end of the Black Sea grain deal and India’s ban on non-basmati rice exports. According...
Category : Finance
Kellogg’s Margins Skyrocket as Volumes Set for “Sequential Improvement”
Kellogg’s is experiencing a faster recovery in its gross margin than expected, indicating a positive shift in industry “bottlenecks”. Despite facing significant pricing challenges over...
Nestlé’s India Investment to Exceed $500m by 2025
Nestlé plans to invest Rs42bn ($507.5m) in its business in India between 2023 and 2025. The Swiss giant has already spent Rs21.3bn in the first...
Yakult Plans to Establish Second Factory in the United States
Yakult plans to enhance its US production capabilities to capitalize on the growing food and beverage industry trends. The Japan-based company has selected the state...
Expect a gradual decrease in Kraft Heinz’s price-linked volume decline due to improved margins encouraging increased investments.
Kraft Heinz is expecting a positive turnaround in volume and pricing in 2024, following a period of double-digit pricing losses in the first half. After...
Seed financing secured by Konscious Foods to promote alternative seafood
Konscious Foods, a newly-launched alt-seafood business in Canada, has secured C$26m ($19.5m) in seed funding to drive distribution growth. The Vancouver-based company was founded this...
Competition watchdog to review ABP’s acquisition of Scotbeef
The UK meat heavyweight, Anglo Beef Processors (ABP), faces a regulatory hurdle as plans to acquire assets from rival Scotbeef have been called in by...
Alpha Foods deal marks Livekindly Collective’s inaugural acquisition in the US
The Livekindly Collective (LKC), a US plant-based brands consolidator, has completed its first domestic deal by acquiring frozen products business Alpha Foods for an undisclosed...
Mondelez declares end to price arm-wrestle with European grocers
Mondelez International, the largest food company in the world by sales, is expecting a recovery in its European business following difficult pricing negotiations with Continental...
Sammontana, an Italian ice-cream group, secures funding to ramp up production investment
Italy-based ice-cream and frozen goods producer Sammontana has secured a €15m ($16.5m) grant to establish a new production line. The state-backed Italian development bank, Cassa...