Bunge appoints Mark Zenuk to its Board of Directors

USA - Bunge Limited, the American agribusiness and food company has appointed Mark Zenuk, former managing partner of Tillridge Global Agribusiness Partners to its Board of Directors effective July 17. Prior to his appointment at Tillridge in 2016, Zenuk was managing director at NGP Energy Capital Management, where he led NGP’s agribusiness investment platform from…

EFSA to consider limits for kaurenoic acid, an impurity found in stevia

EUROPE - The European Food Safety Authority (EFSA) is considering a recommendation to the European Union to set limits for the kaurenoic acid (KA), an impurity found in stevia, a sweetener and sugar substitute. Last month, EFSA held a technical meeting with representatives from Cargill, International Stevia Council (ISC), Pure Circle, Coca Cola, Sweegen and…

Chinese sorghum importers to visit US amid trade tension

USA - Top importers of sorghum from China are set to visit the United States for a training on sorghum production, trade and also build relationships even as trade tension between the two nations intensify. The training hosted by the U.S. Grains Council (USGC) in collaboration with the United Sorghum Checkoff Program, the Kansas Grain…

Kenya’s premium tea brand Kericho Gold secures US$4m IFC financing

KENYA - Kericho Gold, a premium tea brand owned by Gold Crown Beverages, a subsidiary of Global Tea & Commodities Ltd has received US$4 million funding in loan from IFC meant to fund its expansion strategy in Kenya and Malawi, reported the Exchange. A statement from IFC said that Global Tea & Commodities Ltd, a…

Supermarket chain Kroger launches personalized nutrition app

USA - The American retailer, Kroger Co. has unveiled a personalized nutrition mobile platform OptUp, a wellness app that provides customers with nutritional information on the produce they purchase at the grocery stores. With the app, customers can see product recommendations, scan, search items to find nutrition facts and product alternatives, and helps make healthier purchase…

Nestle to reward US$1.08m to cocoa farmers under the Nestlé Cocoa Plan (NCP)

GHANA - Nestle Ghana Ltd will reward US$1.08 million to over 17,615 farmers under the Nestlé Cocoa Plan (NCP) as the company looks to doing business profitably while ensuring sustainable development in the community they operate. The increased premium payment is geared at motivating farmers for quality cocoa production, meet production standards, increase local sourcing…

Pick n Pay achieves profitability as it looks to open more stores in Zimbabwe

ZIMBABWE - Meikles Limited, Zimbabwe’s hotel, retail and supermarket chain has announced that revenue in supermarkets division, jointly owned with Pick n Pay has increased from US$414 million to US$487.8 million in the year ended March 2018. According to IOL Business report, Pick n Pay is boasting of profitability in its Zimbabwe operations and is…

Cadbury Nigeria to focus on growing market share for profitability

NIGERIA - Cadbury Nigeria Plc has said that it will focus on growing market share, expand and improve its distribution network as a way of achieving sustainable growth as delivering better returns to shareholders, reported the Vanguard Nigeria. As the company strives to retain its market share, the company’s chairman Mr Atedo Peterside noted that…

Bel Group announces plans to build US$87m factory in Quebec

CANADA - The Bel Group, a multinational cheese marketer, has announced that it is going to spend $87mn to build a factory to produce its Mini Babybel cheese snacks in Quebec. According to Food Drink & Franchise, the French cheese marketer said that the plant in Sorel-Tracey, Quebec, will be its first Canadian production facility.…

UK-based fitness brand TrueStart launches new range of cold brew coffees

UK - TrueStart, a UK-based fitness brand, has launched a new range of Cold Brew, Nitro, and Home Brew coffees to appeal to a growing millennial consumer base. According to FoodBev, the new range of coffees will overhaul the brand from a performance sports drink to an inspirational lifestyle brand, as it aims to appeal…