NEW ZEALAND – New Zealand dairy producer Fonterra has introduced a new butter product to meet the exacting demands of the Middle East manufacturers.
SRI LANKA – Nestlé has commenced construction of a new manufacturing plant in Sri Lanka, as it strengthens its position in dairy and coconut products.
CANADA – A global leader in food ingredients, Roquette, has announced a major investment in a new pea protein processing plant in Canada to meet the rising demand for these novel food ingredients
USA – Fast food chain Taco Bell has launched naked chicken chalupa as its latest food innovation, as changing consumer preferences push QSR operators to think out of the box.
INDIA – Premji Invest, the investment arm of Wipro billionaire Azim Premji, has infused $25 million (Rs 170 crore) into Bengaluru-based food company ID Fresh Foods that has popularised ready-to-cook products, including idly and dosa batter, chapatis and Malabar parotas.
BELGIUM – Barry Callebaut, the world’s leading manufacturer of high-quality chocolate and cocoa products, now purchases 95% of its corrugated carton boxes after is certification by Forest Stewardship Council (FSC) in the EMEA Region.
INDIA – Junk food and sugar-sweetened beverages may attract higher taxes in the upcoming budget. In an effort to curb the growing incidence of lifestyle diseases like diabetes and obesity, the government is mulling an additional fat tax on sugary beverages and packaged food high on salt and saturated fats.
UK – Cadbury’s US owner, the confectionary giant Mondelez, is breaking a key promise by making an increasing amount of its iconic Dairy Milk chocolate bars in eastern Europe rather than at its traditional British base, an issue that created conflict among the Brits chocolate lovers.
INDIA – The Hain Celestial Group, a leading organic and natural products company with operations in North America, Europe and India has announced the establishment of a strategic joint venture between Future Consumer Limited and its subsidiary Hain Tilda India Private Limited.
BANGLADESH – International Beverages Private Limited, a division of The Coca‑Cola Company, has inaugurated a new plant in Bangladesh as part of a planned $74 million investment in the country.
INDIA – Diageo was considering raising its majority stake in Indian whisky producer United Spirits, people familiar with the matter said, as the British maker of Johnnie Walker scotch strengthens its hold on the Asian country’s growing liquor market.
CHINA – Chinese pork imports are set to remain heavy for the years to come, thanks to the high cost of domestic production, and the fact that official hog herd figures may be significantly overstated, US officials said.
AUSTRALIA – The drop in Australian sorghum prices, which has already fostered ideas of a drop of at least 25% in sowings, may have further to go, Nidera said, warning that values were still too high to attract Chinese demand.
UK – Tesco and Yeo Valley have joined forces to create a delicious new yogurt variety to help tackle food waste and support food redistribution charity, FareShare.
INDIA – French nutrition and dairy major Danone India, which launched its global flagship infant formula brand Aptamil in India, believes 2017 will be critical year to accelerate its growth in the country.
SWITZERLAND – Nestle, the largest food company in the world, reportedly has its eye on expanding its empire with the acquisition of baby food maker Mead Johnson Nutrition.
INDIA – Uber is bringing its on-demand food delivery service, UberEATS, to India three years after it piloted in Los Angeles.
USA – Despite being the leader in the US pizza delivery business with a 28 percent share, Domino’s still sees “substantial” opportunity for growth, said Patrick Doyle, president and CEO of the Ann Arbor, Michigan-based company.
JAPAN – Two of Japan’s biggest conglomerates are planning huge expansion of their ‘beef bowl’ fast food chains across China in order to compensate for low growth in a saturated Japanese marketplace.
CHINA – China National Chemical Corp., or ChemChina, said Friday it has sought the U.S. antitrust regulator’s approval for its planned US$43 billion acquisition of Swiss crop protection and seed group Syngenta.
ITALY – Parmalat activist investor Amber Capital believes the price of a buyout offer by France’s Lactalis undervalues the Italian dairy group and won’t be tendering its three per cent stake.
SRI LANKA – International beverage company Coca-Cola has expressed their interest in setting up a production hub in Sri Lanka, the Finance Ministry said in a statement.
INDIA – Hindustan Coca-Cola Beverages (HCCBL), the bottling arm of Coca-Cola in India, is setting up two greenfield plants at Ahmedabad and Nellore with an investment of Rs1,000 crore ($146.82m), a top official said.
USA – Four months wasn’t long enough for some in the food industry to figure out how they want the FDA to define “healthy” for use on food labels, so the agency has extended the comment deadline on the topic for another three months.