Online grocery, at home consumption among the top food trends in Korea amid Covid-19- USDA

SOUTH KOREA – Although South Korea has been able to manage the pandemic with only 2,158 cases 35 deaths per million people, the food industry landscape has however tremendously changed with consumers exhibiting new preferences that were not as popular before the pandemic. According to a recently released report by the United States Department of Agriculture (USDA), online food sales which already growing before the pandemic jumped sharply in the first quarter of 2020 after the virus hit. On an annual basis, USDA estimates that online food sales grew by…

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Kellogg raises full-year outlook as following strong growth in Q1

US – American multinational food manufacturing company, Kellogg is upbeat about its full-year results after experiencing every successful first quarter. The company recorded a 5.1% net sales increase in the first quarter, following a strong performance by its cereals range and Pringles brand, particularly in Europe and the AMEA region. The company posted net sales of US$3.58 billion for the quarter, compared to US$3.41 billion the same time last year; witnessing strong growth across all regions and global categories.  The owner of Crunchy Nut and Frosted Flakes revealed that its…

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