FrieslandCampina sells cream liqueurs unit Creamy Creation to Wagram

NETHERLANDS – Dutch dairy multinational, FrieslandCampina has reached an agreement to sell its cream liqueur manufacturer Creamy Creation to Dutch investment company Wagram Equity Partners (Wagram). The transaction whose details were not disclosed includes the […]

Danone reports 0.8% rise in first-quarter sales, maintains full-year outlook

FRANCE – Global dairy giant, Danone has reported 0.8% increase in first-quarter sales to US$6.89 billion (€6.13 billion), confirming 2019 full-year profit guidance. The company expects like-for-like sales growth of around 3% and recurring operating […]

USAID, World Cocoa Foundation unveil US$2m fund to boost cocoa sector in Ivory Coast

IVORY COAST – The United States Agency for International Development (USAID) in partnership with the World Cocoa Foundation has announced a US$2 million fund to boost cocoa sector in Ivory Coast. Mark Green, USAID Administrator […]

FSIS proposes to remove dual labeling for some meat and poultry products

USA – The Food Safety and Inspection Service of the U.S. Department of Agriculture has proposed to remove dual labeling requirements for certain amounts of meat and poultry products. This involves duplicative net weight and […]

Muller invests in Milk & More delivery fleet to expand UK operations

UK – Dairy company, Muller has announced that it is set to invest in its milk delivery service, Milk & More by expanding its fleet of electric vehicles for more deliveries in the UK. The […]

Barry Callebaut achieves traceability of a third of its global cocoa volume

SWITZERLAND – The Swiss cocoa and chocolate company, Barry Callebaut has said that it has established traceability for a third of its global cocoa volume, bringing it closer to achieving its ambitious cocoa sustainability goals. […]

Pernod Ricard to acquire Italian premium gin brand Malfy

ITALY – The global spirits company, Pernod Ricard has agreed to acquire the Italian super-premium gin brand Malfy from Biggar & Leith for an undisclosed sum. Malfy makes a range of super-premium gins distilled by […]

AfDB approves US$23m to support agribusinesses in eight African countries

AFRICA – The African Development Bank (AfDB) through the Board of Directors of the Agriculture Fast Track Fund (AFT) has approved US$23 million grant to support agribusiness Small-and-Medium- sized Enterprises (SMEs) in eight African countries. […]

Industrialisation lobby group proposes US$2bn bond to support Ghana’s agriculture sector

GHANA – The Alliance for Development and Industrialization (ADI), an industrialisation advocacy group in Ghana, has tabled a US$2 billion Transformational Commodity Fund (TCF) for the development of a sustainable agriculture sector in Ghana. According […]