Cargill and Seoul-based AG Meat partner to offer a U.S beef brand ‘Excel’

USA - Cargill and Seoul-based AG Meat, a specialty import meat distributor are partnering to offer premium U.S. beef brand, Excel, in a new concept meat store called ‘It’s Meat.’ According to Cargill, the new meat concept will ensure that its Korean consumers can now purchase high-quality, premium Excel beef at competitive prices. Cargill Protein…

Cargill reports a strong performance with 76% increase in operating earnings

USA – Cargill, an American provider of food, industrial and agricultural products, has reported US$3.2 billion in adjusted operating earnings for the 2018 fiscal year, one of its best performances. According to the company, its improved financial results over the past two years are the outcome of significant efforts by its teams to redefine how…

FIJI Water discontinues distribution partnership with Keurig Dr Pepper

USA - FIJI Water, America's No. 1 premium imported bottled water, has announced that it has discontinued its distribution partnership with Keurig Dr Pepper, and will directly handle more of its own product delivery. According to the company, this new distribution model will ensure a focused, superior experience for retailers and consumers. FIJI Water said it…

Bunge Loders Croklaan to launch non-GMO sunflower lecithin solution

USA - Bunge Loders Croklaan, the global business-to-business plant-based oils and fats business of Bunge, will debut BungeMaxx sunflower lecithin, a Non-GMO Project Verified ingredient with a range of benefits for food and beverages, including emulsification, crystallization control, and more. BungeMaxx sunflower lecithin is Non-GMO Project Verified, plant-based, and does not require labeling as an…

Nestle sells New Zealand confectionery business with 55 jobs lost

NEW ZEALAND – Nestlé, a multinational food and beverage company, has sold some of its confectionery brands in New Zealand – including Fabulicious Red Licorice, Mackintosh and Black Knight – to Sydney-based firm Quadrant Private Equity. According to FoodBev, the company will cut production at its Wiri factory with as many as 55 jobs likely…

Coca-Cola’s Crown Beverages signs deal to distribute alcohol in Kenya

KENYA - Crown Beverages, a subsidiary of Coca-Cola Beverages Africa(CCBA) and one of the most reputable bottler of natural mineral water in East Africa has signed a signed a deal to distribute premium alcohol brands in Kenya. An article by Business Daily reported that the partnership with the Italian branded beverage firm, Campari Group will…

Cargill to invest upto US$10.5m to upgrade its Russian grain terminal

RUSSIA - Cargill, through its Production and Commercial Company "Bratya" (Rostov-on-Don) has announced plans to invest between US$9.5m to 10.5 million in upgrading its grain terminal in Rostov, Russia. According to a report by UkrAgroConsult, the upgrade is expected to increase the capacity of the existing terminal by 50% to 1 million tonnes per year…

Starbucks plans to ditch single-use plastic straws by 2020

USA - The American coffee company, Starbucks Corp has said it will eliminate single-use plastic straws from its coffeehouses globally by 2020 and in return offer recyclable strawless lids and alternative-material straws, like paper or compostable plastic. The coffee chain which operates more than 28,000 coffeehouses is seeking to remove about 1 billion plastic straws…

Coca-Cola Nigeria to use 50% recycled packaging by 2030

NIGERIA - Nigerian Bottling Company (NBC), the sole bottler of Coca-Cola products in Nigeria has announced a commitment to use an average of 50% recycled content in its bottled drinks packaging by 2030. According to NBC Legal, Public Affairs and Communications Director Sade Morgan, the company was also working on developing plant-based resins, and reducing…

Tetra Pak achieves 50% renewable electricity consumption since RE100 commitment​

​SWITZERLAND - Tetra Pak, a multinational packaging company, has obtained half of its global electricity supply from renewable sources, putting the company firmly on course to meet its RE100 commitment of using only renewable electricity across all global operations by 2030. RE100 is a global, collaborative business initiative led by The Climate Group in partnership…