SWITZERLAND – Barry Callebaut’s new Forever Chocolate sustainability report shows that 44% of cocoa beans and other ingredients inits supply chain are sourced sustainably. The Forever Chocolate Progress Report highlights sustainability initiatives undertaken by the cocoa producer and grinder in the fiscal year 2017-18 and it shows an increase in sustainably sourced cocoa beans compared…
SWITZERLAND– Swiss equipment leader Bühler has created a new consumer foods segment to add to its current two segments and appointed Germar Wacker, who has been the CEO of its Haas business unit, to lead the new segment. The consumer foods segment will combine Bühler’s current chocolate, nuts, bakery and coffee business with the recently…
ZAMBIA – Fast moving consumer goods distributor, Innscor Africa, Cold Chain and Horizon have received new permits to import products that may contain genetically modified organisms (GMOs) into Zambia. A Lusaka Times report indicates that the three distributors were among twelve retailers who were granted the new permit by National Biosafety Authority (NBA). According to NBA…
ZAMBIA – The government of Zambia has launched the Southern African Development Community (SADC) seed certification and harmonized seed regulation system, reports Lusaka Times. This puts Zambia in a position to produce and trade certified seeds in the SADC region and ensures availability of high quality seed to farmers through rationalizing and removing national regulatory…
NEW ZEALAND – The New Zealand dairy giant, Fonterra’s revenue decreased by 4% to US$2.60 billion (NZ$3.8 billion) in the first quarter and has revised its 2018/19 forecast Farmgate Milk Price range to US$4.12 – US$4.32 per kgMS. The revision in the forecast milk price range was attributed to the global milk supply remaining stronger…
GHANA – The global agricultural corporation, Cargill has announced plans for future investment in the chocolate business and support for cocoa farmers as it celebrates its 10th anniversary in Ghana. The company is also toasting to mark a decade of sustainability and innovation in the Ghana cocoa chain through its unique business model. Under its…
ETHIOPIA – Ethiopian liquor producing company, Ponu Monu has invested US$1.91 million (54 million Br) in establishing a new aluminium and plastic bottle cap factory in Gerji. According to AddisFortune, the investment was part of an expansion project to meet the growing demand for the materials in both the local and export markets. Equipped with…
SOUTH AFRICA - Master Plastics, South Africa’s packaging group has received higher buyout offer from its private-equity suitors after facing resistance from a prominent shareholder. According to Business Day report, MCGF II Partnership and MCGF II Investments, which initially offered Master Plastics shareholders 200c per share, confirmed that they would table a higher offer of…
UK – Coca-Cola European Partners (CCEP) has announced a definitive supply agreement with Loop Industries, a leading technology innovator in sustainable plastic to source 100% recycled and sustainable PET plastic from a US based joint venture. CCEP will purchase recycled Loop™ PET plastic (“Loop™ PET”) from Loop’s joint venture facility with Indorama Ventures Limited in…
SWITZERLAND – Global flavors and fragrances leader, Givaudan has launched MISTA, a new innovation platform for the food industry and has received backing from Danone, Mars Inc and Ingredion as its founding members. MISTA is an accelerator and incubator programme that enables start-ups and established corporations to optimise ideas, products, people and investments in the…
