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…

PepsiCo India to reduce salt in snacks and pilot 100% plant-based packaging

INDIA - PepsiCo India has said it will reduce salt content in 75% of its snacks by 2025 as it looks to pilot 100% compostable, plant-based packaging for its popular brands in India this year. The food and beverages company is planning to cut the sodium content in its Lay’s snacks by 13-15% in line with…

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…

Greenyard reports US$35 million listeria-related product recall impact

BELGIUM - Belgian food company, Greenyard has reported that the first estimate on the financial impact from its recall of frozen products, potentially linked to an outbreak of the food-borne disease listeria in Europe, was estimated at US$35 million after insurance. According to Reuters, the company’s shares have fallen 38 percent since local media reports…

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…

Yoplait releases a new Oui Petite yogurt range in USA

USA - Oui by Yoplait, the French style yogurt sold in a glass pot, has released a new petite way to enjoy the remarkable taste, texture and simplicity Oui fans know and love. The largest franchise brand of yogurt, Oui by Yoplait, has released the Oui Petites which will be sold in pairs of small 3.5 oz. glass pots…