DSM underscores need for fortification in malnutrition at Fourth Africa Day of School Feeding

COTE D’IVOIRE - DSM Human Health and Nutrition has emphasized on the need for fortification as a solution to help overcome the challenge of malnutrition especially among children. Speaking in a panel at the Fourth Africa Day of School Feeding in Abidjan, Cote D’Ivoire, the company strongly recommended innovative fortification solutions as safe and cost-effective…

Mondelez partners The Hatchery Chicago to lead innovation in snacking

USA – Mondelez International has partnered with the American food business incubator, The Hatchery Chicago to enhance innovations in snacking based on the changing consumer tastes and preferences. The partnership is part of the SnackFutures, the company’s innovation and venture hub aimed at unlocking snacking growth opportunities around the world. Mondelez and the SnackFutures team…

General Mills third quarter sales rise 8% with strong contributions from Blue Buffalo

USA – The multinational consumer goods company, General Mills has reported 8% increase in net sales to US$4.2 billion in the third quarter, including contributions from Blue Buffalo Pet Products which it acquired in 2018. The period ended February 24, 2019 saw operating profit increase 14% while diluted earnings per share (EPS) of $0.74 declined…

Firmenich opens its largest flavors plant in China to meet customer demand

CHINA – The Swiss flavors and fragrances company, Firmenich has inaugurated what it says to be its largest flavor manufacturing plant in the world in the Zhangjiagang Free Trade Zone in China. The company said the facility operates with digitally-advanced manufacturing systems and the highest Quality, Health, Safety, Security and Environmental standards. According to Firmenich,…

COMESA agency pushes for restructure in Coca-Cola’s pricing model

AFRICA – The Common Market for Eastern and Southern Africa (COMESA) Competition Commission (CCC) has called for suspension of the clause that allows Coca-Cola Beverages Africa Ltd (CCBA) to set prices for its distributors. According to CCC, stipulation of price by CCBA, a subsidiary of the Atlanta based Coca-Cola Company, on its non-alcoholic drinks has…

Cargill launches range of premium filling fats for ‘healthier snacking’ in Europe

EUROPE – Cargill has launched a new range of premium filling fats in Europe to address the growing need for tasty and yet healthier and cleaner products for health-conscious consumers. Called CremoFLEX, the new filling fats are suitable in applications such as filled biscuits and sandwich cookies, wafers, filled chocolates tablets and pralines. According to…

South Africa’s retailer Shoprite reports half-year sales growth to US$5.47bn

SOUTH AFRICA – South Africa’s leading retailer, Shoprite reported growth in sale of merchandise to US$5.47 billion, a 0.2% increase, during its half year period ending 30th December 2018 while trading profit fell 15% to US$201.93 million. The grocery chain reported that its Africa division, with exemption of SA, fell into a trading loss of…

Irish food safety authority develops DNA scanning tool to fight food fraud

IRELAND - The Food Safety Authority of Ireland (FSAI) has developed a new DNA scanning tool that identifies the entire DNA content of food with an aim to fight food fraud. The tool can identify all the ingredients and their biological sources in a food, thus helping regulators and consumers fight food fraud as well…

‘Hard Brexit’ to impact UK food industry negatively, raise consumer prices – Rabobank

UK – The UK economy stands to be hit negatively in case the European Union (EU) and the UK fail to agree on a Brexit deal, while the transition to this situation will be ‘sudden and far-reaching’, says Rabobank. In a research note titled ‘Consequences of hard Brexit on the Food and Agribusiness’, Rabobank says…

UberEats in talks to sell India business to delivery firms Zomato and Swiggy

INDIA – Uber India is set to sell its two-year-old online food delivery business, UberEats India and is eyeing major players in the sector Zomato and Swiggy as it seeks to cut down losses in the country ahead of its planned IPO. According to ET Retail, Uber is in talks with the two online food…