Dole Foods expands into functional foods, targets US$2.1B valuation in IPO

US – Dole Packaged Foods has expanded into the increasingly popular functional food products category  with the launch of Dole Fruitify juices and Dole Essentials fruit bowls. Fruitify with 65% juice and less than 100 calories per can has three varieties that combine pineapple juice with ingredients such as turmeric, green tea extract and coconut water.   Dole Essentials fruit bowls are, on the other hand, available in three varieties that mix chunks of pineapple, mandarin oranges, or mixed fruit in 100% fruit juice with ingredients such as cucumber and mint, turmeric, and green tea extract.   Both Dole Fruitify juices and Essentials fruit bowls have no added sugar, helping…

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Philippines to fight hidden hunger with recently approved “Golden Rice” variety

PHILIPPINES – Filipino authorities have greenlighted the planting of “Golden Rice”; a new, nutrient enriched rice variety developed by the Department of Agriculture-Philippine Rice Research Institute (DA-PhilRice) in partnership with the International Rice Research Institute (IRRI).  Golden Rice was first conceived by Professors Ingo Potrykus and Peter Beyer in the late 1980s. IRRI became the first licensee of the scientists’ work in 2001.  The rice variety adds an important nutrient to a staple food that is already consumed in volumes of almost 120kg per capita per year.  Following the approval, Filipino farmers will become the first in…

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Federal regulations critical in ensuring safety of CBD products – Consumer Brands

USA – The Consumer Brands Association has renewed its call for urgent government action on cannabidiol (CBD) regulation, asserting that federal engagement is critical to ensuring consumer safety.   The call comes after a new report from Consumer Brands showed that the lack of a clear federal law on CBD use in foods was putting the safety of consumers using the product at risk.   The report noted that absent of a regulatory framework, consumers cannot have confidence their products are being manufactured in compliance with existing and applicable manufacturing, processing, distributing, and claim requirements.  Additionally, the…

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