Famous Brands expects to report US$9.21m loss from Gourmet Burger deal

SOUTH AFRICA - The South African fast-food franchises, Famous Brands said it expected to report a US$9.21m operating loss from the UK acquisition of Gourmet Burger Kitchen (GBK) in the financial year ending February results. Business Day reported its share price fell 5.4% to US$8.03 on Thursday morning after it warned shareholders it expected to…

USDA appoints administration officials to its food safety agency

USA - U.S. Secretary of Agriculture Sonny Perdue has announced the appointment of Carmen Rottenberg and Paul Kiecker to the positions of administrator and deputy administrator respectively within USDA’s Food Safety and Inspection Service (FSIS). “Providing all Americans access to a safe and secure food supply is one of USDA’s critical missions,” said Secretary Perdue.…

Researchers develop patch which shows whether food is safe to consume

CANADA - Researchers at McMaster University in Canada have developed a transparent paper patch printed with harmless molecules and have the ability to detect harmful bacteria while food is still packaged. The pouch called ‘Sentinel Wrap’ can be incorporated directly into food packaging with the potential to replace the traditional "best before" date on food…

Brazilian meat producer BRF reports loss in Q1 following trade bans

USA - BRF S.A, the Brazilian food company has registered a loss of US$32 million in the quarterly results despite rising domestic sales citing a difficult trading environment especially after trade bans imposed by Russia and Europe on Brazilian meat products. As a result of trade bans, the company was forced to send workers on…

Beyond Meat to target sales in Europe, Asia and Africa this year

USA - The Los Angeles plant-based meat substitute producer, Beyond Meat is seeking to go beyond the US in a global expansion as it targets to enter over 50 new markets around the globe. According to an article by FoodBev, the brand will work with leading distribution and foodservice partners to roll out its Beyond…

JBS to reduce greenhouse gas emmissions by 20% by 2020

USA - JBS USA,a leading processor of beef, pork and lamb in the U.S, has laid down its 2020 Sustainability goals, targeting to reduce its greenhouse gas emmissions by 20%, reducing water use by 10%, natural gas use by 20%, electricity use by 12%. Releasing its 2017 sustainability report, the company said it was on…

Sainsbury’s to introduce touch-free packaging for its meat

UK - Sainsbury’s, one of the largest supermarket chains in the UK has revealed plans to introduce touch free meat packaging, that allows customers who fear touching raw meat to cook them without directly touching the product. Their chicken products will be packaged in straight-to-pan plastic pouches, referred to as ‘doypacks’ within the industry to…

South Africa’s beef imports to remain flat as production to increase 4%

SOUTH AFRICA - South Africa’s beef imports for the year 2018 are estimated to remain relatively flat at about 45,000 tons, close to 2017 which saw a decline in domestic beef supplies due to a severe drought in the preceding years. USDA reported that possibility to grow imports was suppressed by low demand for beef.…

Listeriosis crisis plunge the pork industry with 40% fall in producer prices

SOUTH AFRICA - The Listeriosis crisis has reportedly weighed down the country’s pork industry, producer prices having fallen 40%, resulting in rands accounted for losses by the pig farmers. The Listeriosis outbreak, claimed to have affected 945 patients and confirmed to have killed 176 people has led to the closure of several processing facilities including…

Meat alternatives startup Impossible Foods to enter Asia after funding round

SINGAPORE- Singapore’s Temasek Holdings has co-led a $114-million convertible note financing round in Impossible Foods, a California-based startup that makes plant-based burger patties that taste like beef. The latest investment brings the startup’s total funding to nearly $400 million so far. Impossible Foods announced the successful closing of the investment, co-led by Shanghai- and Hong…