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Category: WORLD NEWS

Associated British Foods acquires National Milk Records for US$ 60M to boost its animal feed firm, AB Agri

UK – Associated British Foods (ABF), a British multinational food processing, plans to buy local dairy technology firm National Milk Records (NMR) in a deal worth £48m (US$59.6m) to boost AB Agri, its agri-food unit. In an announcement to the London Stock Exchange, Kingsmill bread and Patak’s sauces owner said “AB Agri actively looks to add new, complementary capabilities through…

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Kellogg’s launches two offerings of Coco Pops range with stern compliance to HFSS

USA – Kellogg’s, an American multinational snack and cereal company has launched a new range of non-HFSS (high in fat, salt, and sugar) Coco Pops for the second time this year with the introduction of new Coco Pops Loops and Coco Pops Mega Pops. The milestone comes after losing its 2022 court case against the UK Government’s HFSS guidelines where…

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German Loryma unveils E number-free adhesion starch

GERMANY- Ingredients specialist Loryma has launched a new adhesion starch, Lory Starch Saphir Pure, that optimizes coating stability and does not require an E number.  An E number is used in the European Union to identify permitted food additives and it usually means that an additive has passed safety tests and has been approved for use. The new clean-label, wheat-derived,…

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AAFCO opposes Pet Food Institute’s proposed federal pathway for pet food label reviews

USA- The Association of American Feed Control Officials (AAFCO) issued a statement expressing concerns about Pet Food Institute’s (PFI) proposal for a new system to federally regulate pet food. Over the past few months, PFI proposed a federal system to address concerns about the current label review process, which varies from state to state.  The proposal involves lobbying for a…

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Puratos USA expands West Coast operations with multiple investments 

USA- Belgian ingredients supplier Puratos is expanding its West Coast operations with two key investments in the Los Angeles region. The two investments include a new manufacturing line at its Rancho Dominguez, Calif., facility and a planned relocation to a new warehouse and distribution facility in Gardena, Calif. According to Puratos, the new manufacturing line in Rancho Dominguez will double…

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PepsiCo opens a new US$238M snack plant in Poland

POLAND – PepsiCo, American food and drink giant has opened a new 1-billion-zloty (US$238M) snack plant in the southwestern Polish village of Święte, Bakery and Snacks has reported. According to Bakery and Snacks, the facility, which will produce Lay’s and Doritos among other brands, is the firm’s fifth plant in Poland and its biggest investment so far in the country.…

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FAO food price index dips a two-year low in May amid significant price drops in cereals and vegetable oils

GLOBAL – The United Nations’ Food and Agriculture Organization’s (FAO) Cereal Price Index declined nearly 5% in May, its lowest in two years, underpinned by significant drops in the price indices for vegetable oils and cereals. According to FAO, the decline was led by a 9.8% drop in corn due to a favorable production outlook along with sluggish demand for…

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Jana Partners files lawsuit against Freshpet over breached fiduciary responsibilities

USA- Activist investor Jana Partners’s fire on New Jersey-based Freshpet intensifies as it files a lawsuit alleging the pet-food company breached its fiduciary duties. The investor recently blasted Freshpet over governance changes that could impact the investor’s ability to secure board seats, and has now turned that complaint into a legal undertaking, filing a lawsuit in the Court of Chancery…

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Russia continues to limit grain shipments from Ukrainian ports, Hungary asks EU to continue import curbs

UKRAINE- Ukrainian officials say that Russia continues to block the recently renewed Black Sea Grain Initiative by halting the registration of ships to all Ukrainian ports, according to a Reuters report. According to the UN, only 33 ships departed from Ukrainian ports in May, half the number compared to April.  Moreover, the average daily inspection rate for ships had fallen…

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Mexico moves to trade dispute settlement consultations to fight US GM corn dispute after formal consultations fail

MEXICO- The Mexican government said it would counter U.S. arguments over agriculture biotech measures, including plans to limit its use of genetically modified (GM) corn, in trade dispute settlement consultations on Friday. The consultation was requested by Washington as the two countries inch toward a full-blown trade dispute under the U.S.-Mexico-Canada Agreement (USMCA) over Mexico’s policies to limit the use…

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