Government looks to improve dairy sector through incentives on dairy exports

INDIA - The government of India is considering incentives on milk product exports, add milk to mid-day meal rations, reduce GST (Goods and Services Tax) and increase import duty on some products as a way to ensure dairy farmers get value for their efforts. Highlighting challenges facing the milk production sector, government officials have decided…

Indian grocery delivery startup Milkbasket launches voice-buying service

INDIA - The Indian grocery and milk delivery startup Milkbasket has unveiled a “voice-buying” service at its grocery stores, which it claims reduces the order time by over 50%. The service, available on Google Assistant or later on Amazon Alexa will allow customers to place their orders using voice command. The Gurugram-based grocery store is…

AB InBev’s Eagle Lager launches ‘Lima Nawa’ initiative to boost farmer productivity

NAMIBIA - Eagle Lager, a subsidiary of AB InBev has unveiled an initiative dubbed 'Lima Nawa' in the northern part of Namibia that aims at improving farmer productivity and provide a market for their yields. The world brewer is seeking to promote production and availability of the Eagle Lager in the local market while using…

World Food Programme FAO partners to boost food production in Nigeria

NIGERIA - The World Food Programme (WFP) in collaboration with UN’s Food and Agriculture Organization (FAO) has pledged to boost food production in North Eastern part of Nigeria by providing adequate seeds, fertilizers and other inputs, according to a Leadership article. FAO, through a 'twin track' approach, part of one of the Rome Principles for…

Shoprite reports 3.3% rise in sales despite Angolan hyperinflation

SOUTH AFRICA - Shoprite, one of the largest food retailers in Africa has posted 3.3% increase in sales to US$10.89m for the year ended June despite increasing inflation and a 50% currency devaluation which hit hard its business operations in Angola. Business Day has reported that results of hyperinflation were translated to lower revenues in…

Premier Foods mulls selling assets as investors plan to replace CEO

UK - The British food manufacturer, Premier Foods has said it may sell part of its assets to turnaround its business even as shareholders mount pressure on the CEO, Gavin Darby to step down. Plans to sell part of its business received back up from the CEO who said he was open to do the…

MatchaBar secures US$8m in Series A funding round to expand brand

USA - US beverage brand MatchaBar has secured US$8 million in a Series A funding round as it aims to rapidly expand its line of bottled and canned matcha drinks, according to FoodBev. Brothers Max and Graham Fortgang founded MatchaBar in 2014, creating a matcha café in New York. The brand launched a ready-to-drink version of its…

Macadamia market value grows by 60% in global tree nut consumption

WORLD - Green & Gold Macadamias has reported a 60% rise in global tree nut consumption, which is a testament to the fact that people are eating more and more of them. As a result of this, the market value for macadamias is up by 72%, according to Green & Gold Macadamias, who believe that…

India’s biscuits and noodles maker Patanjali to sell frozen vegetables by 2019

INDIA – Patanjali, an Indian biscuits and noodles company, has already initiated a pilot launch of a few frozen vegetables in Delhi, Maharashtra, Haryana and Rajasthan, as it aims for the frozen vegetables market by 2019. According to CNBC, the consumer goods company, Patanjali Ayurved, plans to launch at least 6-7 frozen vegetables in the…

Kaslink and Tetra Pak partner to stay ahead of competition

EUROPE – Kaslink, a Finnish dairy company, has partnered with the global multinational packaging company Tetra Pak to stay ahead of competition in the plant-based dairy drinks markets. FoodingredientsFirst reported that the global market for alternative dairy drinks is expected to reach US$16.3 billion this year alone, according to Innova Market Insights data, a dramatic…