Gaps persist in Zambia’s food fortification system, study suggests

ZAMBIA - A study led by researchers at the Johns Hopkins Bloomberg School of Public Health found that most fortified sugar sold at retail outlets in one Zambian community did not contain the minimum amount of vitamin A required by the government. Only 11 percent of sugar tested met the required minimum concentration of vitamin A.…

TexMex Cuisine to invest US$23m in Chili’s restaurant expansion

INDIA - American casual dining restaurant chain Chili’s Grill & Bar plans to open 35 new outlets in southern and western India in the next three years with Rs150 crore (US$23 million) of investment by its local partner TexMex Cuisine India Pvt. Ltd. TexMex Cuisine is the master franchisee for Chili’s Grill & Bar (owned…

Rabobank, UN launch US$1b fund to boost sustainable farming

NEW YORK - Rabobank has launched a US$1 billion fund with the United Nations to finance farmers as they transition to more sustainable practices. Rabobank plans to offer a mix of grants, loans with lower interest rates and insurance products with the three-year programme, a move that came after food companies and consumers were demanding…

Danone reports a 16.6% increase in sales, driven by China

FRANCE - Danone dairy company has reported a 16.6% increase in sales in the company’s Q3 2017 results, which brought the value to US$7.52, due to the strong performance recorded in infant formula sales in China. The strong performance was reflected in the company sales, as it recorded an increased 17.8% in the three months…

Hilton Food Group to build new plant in New Zealand

NEW ZEALAND - UK meat packing business Hilton Food Group has made plans to build a plant in New Zealand in its latest project, in partnership with Woolworths, Australia's largest grocer. Hilton will construct a new meat processing facility in Auckland to supply New Zealand retailer Progressive Enterprises, trading as Countdown Supermarkets, which is owned…

Ready-to-cook brand Fingerlix gets US$7 million funding

INDIA - Ready-to-cook (RTC) food brand Fingerlix has raised Rs 45 crore (US$6.9 million) in its third institutional round of funding from Accel Partners. Existing investor Zephyr Peacock also participated in this round. With this, the total capital raised by the Mumbai-based company stands at Rs 63 crore (US$97.7 million). Fingerlix will use the capital…