IFC issues US$100m loan financing to Argentine agribusiness company Adecoagro to foster its diary sector
ARGENTINA – IFC, a member of the World Bank Group, is providing a US$100 million loan to…
WORLD NEWS
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Heineken reports 13.4% volume decline in HY witnessing gradual improvements
NETHERLANS – Dutch multinational brewer, Heineken has reported a 16.4% decline in net revenue to…
Packaging company Sonoco acquires France based Can Packaging ltd
FRANCE – Sonoco, one of the largest global diversified packaging company, has acquired Can Packaging, a…
Budweiser partners with NBA legend Dwyane Wade to launch non-alcoholic beverage
USA – Budweiser, America’s iconic beer has partnered with NBA legend, entrepreneur and advocate, Dwyane Wade…
Cultivated meat startup New Age raises US$2m in seed extension round
USA – New Age Meats (NAM), a California-based cultivated meat start-up specializing in the cellular agriculture…
AB InBev’s second quarter sales pick up encouraged by June recovery in Mexico, South Africa
BELGIUM – The world leading brewer, Anheuser Busch InBev (AB InBev) has reported a 17.7%…
Coca-Cola to launch hard seltzer alcoholic beverage under its Topo Chico brand
LATIN AMERICA – Coca-Cola has announced that it will be launching a hard seltzer under…
China based agro-allied business COFCO partners with IFC to establish sustainable soy value chain in Brazil
BRAZIL – Chinese agribusiness company, COFCO International has partnered with the International Finance Corporation (IFC),…
Unilever partners with Algenuity to expand plant-based product portfolio using microalgae
UK – Unilever, a consumer good company has partnered with biotech start-up Algenuity, to delve into…
Nestle upgrades Australia based pet food manufacturing factory with US$65.5m
AUSTRALIA – Nestle S.A. has announced that its subsidiary Nestle Australia Ltd. Is set to invest…
Nestle reports 2.8% organic growth despite 9.5% decline in half year sales
SWITZERLAND – Nestle has reported an organic growth of 2.8% on its half-year results for…
ADM partners with Indian plant-based meat venture Imagine Meats to expand its footprints
INDIA – Archer Daniels Midland Company (ADM), global food processing and commodities trading corporation, has partnered with Imagine Meats,…
Unilever tea brand Tazo launches new blends as it releases its Q2 financials
UK – Unilever, a consumer-packaged foods firm, has announced that its tea brand Tazo is set…
Ukrainian grain trader Nibulon secures US$27m loan from EBRD to maintain its business
UKRAINE – The European Bank for Reconstruction and Development (EBRD) has provided a loan of up…
Indian producer of Amul dairy brands reports a 17% increase in full year sales
INDIA – Indian dairy cooperative, Gujarat Co-operative Milk Marketing Federation (GCMMF), which markets the popular…
Nestlé launches new range of YES! snack bars
SWITZERLAND – Nestlé, the world’s largest food and beverage company, has launched a new range of its YES! snack…
Tomra Food opens regional headquarters for Latin America to enhance support of food processors
CHILE – Belgian-based Tomra Food, a manufacture of sensor-based sorting machines and post-harvest solutions for the…
Ball Corporation signs virtual power purchase agreements strengthening renewable energy goals
EUROPE – Ball Corporation, a provider of sustainable packaging solutions for beverage and food industry,…
Agricultural company Ceres Global set to acquire grain elevator from Cargill
CANADA – Ceres Global Ag Corp, an agricultural, energy, and industrial products merchandizing and supply chain company,…
E-commerce group Flipkart acquires Walmart India and set to launch a new digital marketplace
INDIA – The Flipkart group, Indian e-commerce group, has announced that it has acquired 100% interest in Walmart India Private Limited, which…
Heineken launches “Back to the Bars” campaign cheering the HoReCa industry and upholding safety measures
NETHERLANDS – The Dutch brewing giant, Heineken has launched a new through the line campaign…
Nestlé Pure Life launches fruit flavored water collection for kids
USA – Nestlé Pure Life, world’s largest bottled water brand, has launched a new refreshing fruit flavored water…
Beverage company Vive Organic raises US$13m in Series B funding round to accelerate its business
USA – Vive Organic, immunity-boosting beverage company, has closed a US$13 million in Series B funding round led by Monogram…
Cargill targets to restore 600 billion liters of water by 2030
USA – Food and agribusiness giant Cargill has stipulated a series of initiatives that will…