Greek yogurt maker Chobani launches the first lower-sugar yogurt range

USA – Chobani, America's number one Greek Yogurt, has launched "Hint Of" line, its first foray into the growing lower-sugar segment of the national yogurt market. The nation's No. 1 Greek yogurt maker launched the line, made solely at its South Edmeston plant in Chenango County, in December as a test, with limited distribution in…

Plant-based food and beverages sales rise 20% to US$3.3b over the past year

USA - Plant-based food sales rose 20% over the past year, to more than $3.3bn, according to new retail data from Nielsen and the Plant Based Foods Association. According to Nielsen, non-dairy milk sales rose 9% over the past year, to US$1.6bn, making it the biggest sector of the category. Plant-based creamers are up 131%,…

Spirits company Barcadi launches pink gin in the US gin liqueur market

USA - Bacardi, the largest privately held, family-owned spirits company in the world, has responded to the growing popularity of pink gin in the US by introducing the Bosford Rose gin liqueur to the US market. According to the FoodBev, the company claimed that Bosford Rose Premium Gin & Strawberry Liqueur is the first pink…

AB InBev announces organisational and leadership restructuring with growth focus

BELGIUM - AB InBev has announced that it is restructuring its executive and organisational structure to bring more focus to the leadership level as a way of driving growth in the region. The brewer said it was simplifying its organisational structure by shifting from 9 to 6 management zones with an emphasis on driving growth…

Trump administration provides US$12b to aid US farmers in US-China trade wars

USA - The Trump administration has said it would provide up to US$12 billion in aid for U.S. farmers from early September to shield them from the repercussions of trade disputes between the United States and China, the European Union and others. According to CNBC, the United States has never before offered aid of this…

Unilever announces intention to buy back shares to return after-tax proceeds

LONDON - Unilever PLC and Unilever N.V., have announced their intention to buy back shares with an aggregate market value equivalent of up to €6 billion to return the expected after-tax proceeds upon completion of the Spreads disposal to shareholders, unless more value-creating acquisition alternatives arise. The Group announced the completion of the Spreads disposal…

Beth Ford named first female president and chief executive at Land O’Lakes

USA - The American, member-owned agricultural cooperative Land O’Lakes has appointed Beth Ford as new president and chief executive officer effective 1 August 2018. Beth Ford becomes the first female chief executive in the company’s history after previously serving as chief operating officer in charge of its three largest businesses since 2017. She succeeds Chris…

Coca-Cola tops estimates as diet drinks drives 5% organic sales growth

USA - The Coca-Cola company has reported 5% growth in organic sales driven by consumer preference for healthier drink options such as Zero Sugar and Diet Coke, beating analysts’ expectations for sales and profits in the second quarter. Reuters has reported that following the financials release, its shares rose 2.7%. Positive earnings were attributed to…

Bunge to close soybean crushing facility in Argentina with 60 possible layoffs

USA - The US grains merchant Bunge Limited is considering the closure of a soybean crushing plant in Buenos Aires Province putting about 60 jobs at risk, reported Reuters citing information from union of employees of soy crushing plants in Argentina. The union of employees representing Argentina’s soy crushing plants said that Bunge had informed…

Darigold to expand global customer experience in international markets

USA - Darigold Inc., an American dairy agricultural marketing cooperative, has announced it will substantially expand its global customer service and long-term commitment to growth in international markets. According to the company, it is creating an overseas sales, service and distribution network to strengthen its valued international relationships. Darigold has opened offices in Mexico City,…