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CANADA – Grupo Bimbo, the Mexico-based bakery giant has expanded its North American presence with the purchase of rye bread producer Natural Bakery in Winnipeg Canada, Bakery and Snacks has reported. In addition, the group has revealed that it has made a minority investment in US breakfast biscuit maker Olyra Foods Olyra Foods. The acquisition deals were revealed as Grupo…
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USA – Bunge, one of the world’s largest agricultural commodities suppliers has announced that its first-quarter earnings fell short of last year’s record results to register US$632 million, down 8.2% from US$688 million in the first quarter of fiscal 2022, World Grain has reported. According to the company, the results were dragged down partly by sluggish oilseed processing results in…
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SOUTH AFRICA – South Bakels, the market leader for bakery ingredient solutions and supplier to the South African bakery industry, has announced the completion of its acquisition of Orley Foods, a subsidiary of Kerry South Africa for an undisclosed sum. South Bakels company produces and distributes a diverse range of premixes and specialized ingredients, catering to various bakery sectors. According…
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NIGERIA – The National Agency for Food and Drug Administration and Control (NAFDAC) has launched an investigation into a popular brand of instant noodles over concerns about the presence of a substance linked to increased cancer risks. According to All Africa, the move follows a recall of “special chicken flavor” noodle brands in Malaysia and Taiwan after Ethylene oxide was…
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MADAGASCAR – The Madagascan authorities plan to increase the cassava harvest to 7 million tonnes by 2027, more than double the stock achieved in 2022, Agence Ecofin has reported. Within the framework of this objective, the government intends to improve the yield per hectare to almost 14 tonnes, in particular through the popularization of appropriate farming techniques and the…
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