Coca Cola reports strong volume growth with 6% rise in organic revenue

USA – The Coca-Cola Company reported strong operating results in the third quarter, recording 6% growth in organic revenues with volume growth across all operating groups. Net revenues declined 9% to US$8.2 billion, impacted by a 13-point […]

FDA considers requirement to label sesame as an allergen on packaged foods

USA – The U.S. Food and Drug Administration (FDA) has launched an investigation into the prevalence and severity of sesame allergies in the United States with a possible consideration for a requirement to label sesame […]

Ethiopia’s Nared Trading invests US$5m in a new water bottling plant

ETHIOPIA – Nared General Trading, an Ethiopian pharmaceuticals import and wholesale company has invested US$5.01 million (140 million Br) to set up a new water bottling company in Chacha Wereda, Amhara Regional State. According to […]

United Kingdom hikes wine duty but freezes duty on beer, spirits and cider

UK – United Kingdom Chancellor Phillip Hammond has announced that duty tax on wine will increase while that on beer, spirits and cider would remain the same in line with the rate of inflation, effective […]

Mondelez net revenue slides 3.7% despite strong performance in emerging markets

USA – Mondelez International’s reported a 3.7% decline in net revenue despite strong performance from emerging markets which saw 5.4% growth in organic net revenues in the third quarter. In emerging markets, growth was driven […]

Hain Celestial appoints Mark Schiller as CEO to succeed founder Irwin Simon

USA – Food and personal care focused group Hain Celestial has appointed Mark Schiller, former chief commercial officer at Pinnacle Foods as the company’s new Chief Executive effective November 5, 2018. He succeeds founder Irwin […]

Nestle Nigeria reports 9.7% growth in sales in 9 months ended September

NIGERIA – Nestle Nigeria has said sales grew 9.7% to US$559.01 million in the nine months ended September 2018 from US$509.4 million in the comparable period in 2017, reports Beverage Industry News. Net profit increased […]

Premier Fishing reports 40% rise in profits helped by Talhado acquisition

SOUTH AFRICA – South Africa’s Premier Fishing has reported a 40% increase in full-year net profit to US$6.49 million boosted by strong sales volume, good catch rates and acquisition of squid fishing business, Talhado, According […]

Campbell launches on-the-go Well Yes! Soups in the US market

USA – The American producer of canned soups Campbell’s has announced the launch of a new range of on-the-go, convenient soups, Well Yes! in the United States targeting health trend among consumers. The new products […]

ADM and Cargill form new technology joint venture to support farmers in N. America

USA – Archer Daniels Midland Company and Cargill, Incorporated have formed new joint venture Grainbridge LLC, a technology platform to support farmers in North America with grain marketing skills. The partnership intends to provide grain […]