FrieslandCampina’s new oligosaccharide ingredient receives approval in the EU and US

NETHERLANDS - FrieslandCampina’s new Human milk oligosaccharide (HMO) ingredient, 2’-fucosyllactose (2’-FL) to be used in infant formula has received USDA’s GRAS (Generally Recognised as Safe) certification and approved to be used in the European Union. The company plans to launch its first human milk oligosaccharide by the end of the year and these approvals will…

Study shows no effect of low-calorie sweeteners on appetite

BELGIUM - New study by the International Sweeteners Association (ISA) has shown that the use of low-calorie sweeteners in beverages or food does not increase or suppress one’s appetite. According to the research, use of low-calorie sweeteners by consumers can help reduce overall energy and sugar intake, and thus be helpful tools in calorie control…

Uber Technologies to deliver food by drone in new test programme

USA - Uber Technologies Inc., the largest food delivery business in the world, plans to deliver food by drone in San Diego, USA as part of a wide-reaching commercial test program approved by the federal government, according to Bloomberg. Dara Khosrowshahi, the chief executive officer, said people should expect meal delivery in five to 30…

Seaboard Corp.’s profit falls 36% on lower corn and soybean meal sales

USA - Seaboard Corp, the diverse multinational agribusiness and transportation conglomerate has posted operating income of US$11 million, a 36% decline for the Commodity Trading and Milling (CT&M) segment on lower corn and soybean meal sales prices and volumes. In the first quarter ended March 31, net sales increased by 8% to US$786 million reflected…

Subway’s Chief Executive Officer Suzanne Greco to retire

USA - Subway, the US restaurant chain has announced that CEO, Suzanne Greco will be leaving the company effective June 30 and Trevor Haynes, head of business development has been named interim. After Hayne’s appointment, Greco remains in senior advisory role and assist in the transition for the position she held since 2015. “As we…

Papa John’s appoints Joe Smith as new Chief Financial Officer

USA - The American restaurant franchise company Papa John’s has promoted Joe Smith to the chief financial officer position effective immediately while Steve Coke, who has been serving as interim principal financial and accounting officer, will continue to serve as vice president, Investor Relations and Strategy. Smith was senior vice president of global sales and…

Subway considers closure of 500 stores in US in a global expansion bid

USA - Subway, the American privately held fast food restaurant franchise is considering closure of 500 of its stores in the US in 2018 as it seeks a global expansion outside North America. The chain will add more than 1,000 locations outside its home with a focused growth agenda in U.K., China, India, Latin America.…

IFF enters a definitive agreement to acquire Frutarom for US$7.1bn

USA - International Flavors & Fragrances Inc. has announced that they have entered into a definitive agreement under which IFF will acquire Frutarom in a cash and stock transaction valued at approximately US$7.1 billion, including the assumption of Frutarom’s net debt. Frutarom makes natural colors, food ingredients, enzymes for customers including Unilever, Nestle and Coca…

Ingredion profit in the first quarter up 13% on strong operations in S. America

USA - Ingredion has reported US$140 million in profit, up 13% on strong operations in South America offset by higher freight and production costs in North America which weighed heavily on earnings in the first quarter. In the period ended March 31, net sales increased 1% from US$1.453 billion to US$1.469 billion. As a result…

ADM nominates Michael S. Burke as new director to the company’s board

USA - Archer Daniels Midland, the American global food processing and commodities trading corporation has nominated Michael S. Burke as a new director to its board and he’ll stand for election to the board at the company’s upcoming annual shareholders’ meeting on May 3, 2018. The announcement was made during its 95th Annual Stockholders’ Meeting…