Cargill invests in Israeli startup Aleph Farms to underpin protein focus

ASIA – Cargill is investing in Israeli cultured meat company, Aleph Farms which has raised US$11.65 million in a series A round of funding. According to Cargill, the investment diversifies its protein interests to meet future consumer demand and complements its focus on animal protein. The round was led by VisVires New Protein and also…

Global food firms commit to phase out industrial transfats by 2023

SWITZERLAND – Global food and beverage companies and members of the International Food and Beverage Alliance (IFBA) have pledged to phase out industrially produced trans-fat from the global food supply by 2023. The twelve food and beverage giants have agreed to adopt enhanced worldwide commitment to phase out industrially produced trans fats (iTFAs) from their…

Ardent Mills to close four US flour mills for operating efficiency

USA – US-based leading flour supplier, Ardent Mills has announced that it is closing close four U.S. flour mills to reflect the analysis of current and prospective flour demand, with a goal to enhance operation efficiency, reports World Grain. The mills have a combined milling capacity of 23,600 cwts and are located in Macon, Georgia;…

Bunge unveils new global business model with senior appointments

USA – Bunge Ltd, global leader in agribusiness and food commodities has announced new global operating model plus changes to its senior leadership structure. The company said the new business structure is aligned with its commercial activities including handling and processing, managing physical product flows, and risk management and optimization.    Agribusiness will be led…

Coca-Cola, PepsiCo, Danone among founding members of China Food Tech Hub

CHINA – China-based startup accelerator and venture capital firm Bits x Bites has launched the China Food Tech Hub, with Coca-Cola, PepsiCo, General Mills and Danone being among the ten founding members. Other members include Givaudan, Griffith Foods, Louis Dreyfus Company, Novozymes, Nutreco and Puratos. The hub will enhance collaboration with multinational consortium with an…

Cargill voluntarily recalls feed possibly contaminated with aflatoxin

USA – Cargill’s animal nutrition business is voluntarily recalling select Southern States feed due to aflatoxin levels that exceed the U.S. Food and Drug Administration (FDA) action levels, according to World Grain. The affected products were manufactured at Cargill’s Cleveland, North Carolina, U.S., facility. Cargill first learned of the issue when it received a notification…

ADM Milling receives workplace awareness and safety award

USA – ADM Milling has received recognition from two professional milling and baking industry associations for promoting workplace safety awareness in the year 2018. 42 ADM milling locations were honored by the American Bakers Association after the business recorded a DART (Days Away Restricted or Transferred) rate of .40 and a TCIR (Total Case Incident…

Kenya’s Unga Group mulls soya meal production line, banks on new wheat plant to drive growth

KENYA - Unga Group Limited, a major grain miller in Kenya, has unveiled plans of setting up a soya meal production line in its Nairobi plant as it seeks to grow its investments in the grains and milling sector. The Seaboard-backed grain miller recently commissioned a new state-of-the art wheat milling plant in Eldoret with…

US Grains Council names Ryan LeGrand as new President and CEO

USA - U.S. Grains Council (USGC) has appointed Ryan LeGrand, current council director in Mexico as new president and chief executive officer, effective mid-June. He succeeds Tom Sleight, who announced his retirement from the council this February. LeGrand joined USGC in Mexico in 2015 and has served as the director of the council’s Mexico City…

Zimbabwe’s CFI holdings gets US$33m to revamp food processing divisions

ZIMBABWE - CFI Holdings, a diversified investment company in Zimbabwe, has received US$33 million working capital to revamp its food processing divisions; Agrifoods and Victoria Foods. The capital injection from Dominion Trading will also allow the food processing giant to undertake a scheme of arrangement that will allow the firm to revitalise and be fully…