Thailand’s soybean imports jump as French farmers reduce acreage for summer crops

GLOBAL – In Thailand,  the economy is rebounding from COVID-19, stimulating a spike in feed demand and a need for soybean imports, according to a Global Agricultural Information Network (GAIN) report from the US Department of Agriculture (USDA). According to the report, Thailand’s soybean imports in the 2021-22 marketing year are expected to jump 5% to 4.1 million tonnes compared to the previous marketing year based on increased demand from the food and feed industries. Soybean meal imports are recovering and are projected to rise to 2.8 million tonnes for…

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France latest country to be included in Carrefour’s grocery delivery partnership with Deliveroo

EUROPE – French retail Carrefour has announced that its grocery delivery partnership with Deliveroo will be now expanded to include stores in France. The partnership will enable the French retailer to deliver on-demand groceries in less than 30 minutes to their customers’ homes. The service is already available in Belgium, Italy, and Spain. It will available in Paris with plans for a rollout to 10 other top cities over the coming months. Meanwhile the rollout is picking up speed in Belgium with the extension of the service to Antwerp in…

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Danone makes executive leadership changes following Faber ouster, debuts new Honest to Goodness creamer

FRANCE – French multinational dairy giant Danone has made a number of executive leadership changes in response to the void left by the ouster of of former Chairman and CEO Emmanuel Faber. Faber was forced out of his positions by a group of dissatisfied activist investors who believed he was not doing enough to turn around the company’s fortunes. Following the departure of Faber, Danone Board appointed Gilles Schnepp, the immediate former Vice Chairman, as the new Chairman, effective immediately. Danone’s board also announced that Véronique Penchienati-Bosett, currently the Executive…

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Danone CEO to step down even as the French dairy invests in Spain

FRANCE –Emmanuel Faber, Chief Executive Officer (CEO) and President of the French dairy multinational Danone, will step down from his role as CEO after the company’s board voted to  separate the chairman and CEO roles. A statement from the dairy giant stated that Faber will stay on in his current positions at Danone until a new CEO is found and then become non-executive chairman. The maker of Oikos dairy yogurt has been under fire by several activist investors in recent months who have called for changes in leadership amid a…

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Danone thrives during the pandemic, registers highest growth in 9 years

FRANCE – French multinational food-products corporation Danone has recorded a 3.4% growth for the financial year 2020 despite of the pandemic related challenges that affected businesses globally. Danone said that the 3.4% LFL (like for like) growth was its highest since 2020, a reflection of the company’s strong resilience during the pandemic. Net sales declined by 6.6% to US$28.63 billion from US$30.65 billion in the previous years. The company’s net income on the other hand, jumped 1.4% to US$2.37 billion from the previous year’s US$2.34 billion. On performance by product…

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Lactalis Ingredients launches nutritional solution for healthy ageing

FRANCE – Lactalis Ingredients, a division of French multinational dairy products corporation Lactalis, has expanded its Pronativ native whey protein range with a new micellar casein isolate targeted at consumers who are proactive about healthy ageing. The company says the new Pronativ Native Micellar Casein contains 88% protein and is suitable for food and beverage enrichment, in particular as a nutritional solution for healthy ageing and medical applications. With its new ingredient, Lactalis aims to meet the rising demand for functional products among an ageing population, as well as younger…

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InVivo, Soufflet plan merger to create new French-based agribusiness giant

FRANCE — InVivo Group, a French agricultural cooperative group has said it is in discussions to acquire Soufflet Group, a French family group operating in food and agriculture.  If completed, the transaction would create a French-based leader in agriculture and agribusiness with an international footprint. InVivo and Soufflet said the combined company would focus on addressing the challenges and issues of societal, environmental and technological nature facing the agricultural and agribusiness sectors. The companies further noted that the new larger business entity will also focus on the issue of food…

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Tough times for German and French vintners as US imposes punitive tariffs on their high-alcohol wine

US – German and French wine producers are facing a new challenge in accessing the US market following the decision by the White House to place 25% tariffs on high alcohol wine from their countries. According to a document filed by the Office of the U.S. Trade Representative the tariffs were part of a long-running trade dispute over aircraft parts. The United States has been claiming that subsidies made by France, Spain, Germany and the U.K. to European aircraft manufacturer Airbus were hurting the US aircraft giant Boeing. In retaliation…

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French stone fruit producer Domaine des Coteaux acquired by Innatis

FRANCE – Domaine des Coteaux, a French stone fruit producer based Générac, France has been acquired by leading French fruit company Innatis for an undisclosed sum. Since its founding in the 1950s, Innatis has diversified from its core business of producing, packaging and marketing apples into the wider fruit trade in France and abroad. Innatis’ latest acquisition, Domaine des Coteaux produces peaches and nectarines, as well as apricots, cherries and kiwis, and reportedly sells nearly 13,000 tons of fruit per year. In 2020, Domaine des Coteaux committed to the Red…

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Ferrero partners Loop, Carrefour to explore reusable cans for its Nutella brand

FRANCE – Italian manufacturer of branded chocolate and confectionery products, Ferrero has partnered with Carrefour and Loop to roll out reusable jar for its Nutella brand. The partnership is in line with Ferrero’s 2019 plans to make all its packaging 100% reusable, recyclable or compostable by 2025. To support this objective, the company has joined forces with the two companies to implement the pilot scheme for its Nutella brand in Paris, France. The new jar was developed by Ferrero in partnership with reuse platform Loop and is specially designed with…

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