Chobani debuts new oat-based products and natural dairy creamers

USA – Chobani, America’s leading Greek yogurt brand is launching an entire platform of batch-made oat-based drinks and cultured oat blends, as well as dairy-based creamers, in what the company described as its biggest expansion […]

Astral Foods’ earnings down 55% despite a 3.9% revenue increase

SOUTH AFRICA – South Africa’s integrated poultry producer Astral Foods, reported a 3.9% group revenue increase to R13.5bn (US$0.9bn) for the full year ended September 2019. Despite increase in revenue, the groups operating profit fell […]

Tanzania’s cashew nuts exports earning plunge 51% amid sector restructuring plans

TANZANIA – Tanzania’s cashew nut exports earnings in the year ending September 2019 declined by 51.4% to US$563.5 million from US$1.16 billion earned in the same period in 2018, a report by the Bank of […]

USDA announces intent to ensure adequate sugar supply as production estimates decline

USA – The U.S. Department of Agriculture (USDA) has announced that it fully intends to take appropriate actions to ensure an adequate supply of sugar to the US market. In the recent past, prospects for […]

DSM to acquire specialty dairy solutions provider CSK Food Enrichment for €150m

NETHERLANDS – Global bio-sciences company, Royal DSM has reached an agreement to acquire specialty dairy solutions provider Koninklijke CSK Food Enrichment in a cash consideration of about €150 million (approximately US$166 million). DSM said that […]

Italian beverage company Campari Group in talks to buy French distributor

ITALY – Italian drinks company, Campari Group has entered into exclusive negotiations to acquire its current French distributor Baron Philippe de Rothschild France Distribution. The distributor is currently fully owned by Baron Philippe de Rothschild. […]

Vietnamese yellowfin tuna supplier to recall products linked to scombrotoxin fish poisoning

USA – Truong Phu Xanh, a Vietnamese firm supplying yellowfin tuna fish is to initiate a voluntary recall of all its yellowfin tuna sold in the US after investigations linked scombrotoxin fish poisoning to the […]

Pernod Ricard forms strategic partnership with Wuliangye International

CHINA – Pernod Ricard and Wuliangye International (HK), one of China’s largest baijiu producers, have signed a strategic cooperation memorandum of understanding to jointly to work towards developing sales channels in Asia. The companies intend […]

Australia approves US$980m takeover of formula maker Bellamy’s by Mengniu

AUSTRALIA – The Australian government has conditionally approved the A$1.43 billion (US$980.27 million) takeover of organic infant formula producer, Bellamy’s by its Chinese peer, Mengniu Dairy. Among the conditions imposed to keep the company tied […]