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.