Flipkart receives US$201m capital funding from parent entity

INDIA – Flipkart India, the wholesale arm of the Walmart-owned eCommerce marketplace in India, has received US$201.27 million (Rs 1,431 crore) from its Singapore-based parent entity Flipkart Private Limited. The fund infusion by Flipkart comes as the company seeks to fight off the challenge from Amazon to keep its leadership of India’s growing $18 billion…

Skretting join forces with West Coast Group to boost Indian aquaculture

INDIA - Nutreco's aquaculture division, Skretting has announced that it has joined forces with India’s leading fresh seafood manufacturer, West Coast Group to boost the country’s aquaculture sector. The joint efforts will work to enhance availability of sustainable shrimp and fish feeds in the market while providing health and nutrition expertise through value addition. This aims…

Coca-Cola launches Bar None line of non-alcoholic sparkling drinks

USA – The Coca-Cola Company has launched bottled line of non-alcoholic sparkling beverages, Bar None in the United States to expand the options from which alcoholic drinkers can choose from. The bottled drinks offer alternatives beyond soda, juice and tea to consumers of beer, cocktail, alcohol and wine. They are available in varieties such as…

Israel firm Yofix unveils clean-label, plant-based yogurt alternative

ISRAEL – Israel based plant-based food startup, Yofix Probiotic Ltd has launched its first dairy-free, soy-free yogurt alternative line, expanding its plant-based food and drinks platform. The new line produces three fruit flavors made from natural ingredients using zero-waste process that involves fermentation. According to the company, the product utilizes live probiotic cultures and prebiotic…

Suntory invests US$16m in Lucozade to install high-speed bottle filler

UK – Japan’s food and drinks company, Suntory Beverage & Food has invested US$16.72 million (£13 million) in its UK-based subsidiary Lucozade Ribena Suntory to install a new, high-speed bottle filler. The new filler, installed at its factory in Coleford, Gloucestershire will produce 1.3 million bottles a day. The funding will be invested in new…

Kenya’s Horticulture revenues hits US$ 1.257bn in ten months

KENYA – Kenya’s domestic horticulture has registered impressive performance after earning the country US$ 1.25 billion in 10 months to October 2018 an increase from full earnings for 2017 of US$1.13 billion, reports Business Daily According to Jane Ngigi, chief executive officer Kenya Horticulture Council, the enhanced earnings have been attributed to high standards of…

Bunge appoints Brian Zachman President of Global Risk Management

USA – The American agricultural and food trading company, Bunge Limited has named Brian Zachman as President of Global Risk Management, effective January 14, 2019. With the role that would possibly include managing an array of counterparty risks for efficiency, Zachman will report to the CEO of Bunge Limited and serve on the executive leadership…

Coca-Cola Amatil ditches plastic straws and stirrers in Australia

AUSTRALIA – Coca-Cola Amatil has announced that it will no longer distribute single-use plastic drinking straws or stirrers in Australia, and would instead stock fully recyclable and biodegradable FSC (Forest Stewardship Council) accredited paper straws starting February. The company said the new paper drinking straws will be sourced from suppliers BioPak and Austraw and made…

DSM expands US solar facility to boost green energy ambitions

USA – The health and nutrition Dutch multinational, DSM has opened a newly expanded solar field in Belvidere, New Jersey further reinforcing its ambitious goals to adopt the use of renewable energy in its operations. The facility which features a 20.2 MW solar project, sits on 66-acre land, making it largest net-metered solar installation in…

Future Group to launch cloud kitchens, eyes US$141m in online sales

INDIA – India’s leading consumer goods company, Future Group is planning to launch cloud kitchens to deliver food from its own kitchens directly to consumers who want convenience. According to the company Chief Executive, Kishore Biyani, the venture will be rolled out in Bangalore and is looking at supplying rice-based meals at a price point…