BANGLADESH – Three years after the release of Bt brinjal, Bangladesh is going to get its second genetically modified (GM) crop – a disease resistant potato – as scientists have sought government approval for its commercial use.
UAE – Restaurants in Dubai could soon be forced to show calorie information on their menus under measures designed to reduce obesity levels.
QATAR – Brazilian food processor BRF SA and Qatar’s sovereign wealth fund agreed to buy the operations of Turkish poultry producer Banvit in a joint venture, BRF said in a securities filing on Monday.
GERMANY – Packaging machinery supplier Multivac is acquiring a 49.9 % share in TVI based in Irschenberg, Gemany, a market leader in meat-portioning machines and complete portioning lines.
DENMARK – Danish Crown has acquired a major cattle slaughterhouse in Germany, stating that the move “ties in beautifully” with its new 4WD strategy while also enabling its beef division to account for a “large share” of its total business.
USA – General Mills has unveiled a host of new products this month addressing a range of modern snacking and consumer trends around the world.
INDIA – Mondelez International, the maker of Cadbury and Oreo cookies, has agreed to pay $13 million in civil penalties to US markets regulator the Securities and Exchange Commission (SEC) to settle charges of violating the internal controls and books-and-records provisions of the Foreign Corrupt Practices Act (FCPA) in India.
USA – Kellogg Company is launching more than 50 new products with innovations from its iconic cereals, ground breaking new snacks and gourmet frozen food options, with each new item created to specifically meet the diverse needs of today’s shopper.
USA – Booming demand for turkey and beef in the US boosted Cargill’s profits, while processing margins for cocoa also improve.
INDIA – Hindustan Coca-Cola Beverages Ltd (HCCBL), the bottling arm of Coca-Cola in India, will invest Rs 750 crore ($110.2m) to set up a plant at Hoshangabad, Madhya Pradesh.