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EGYPT – Egypt is considering sourcing nearly 500,000 tons of wheat from France and Bulgaria after Moscow blocked the supply of Russian grain, Zawya has reported. The decision came after Russia halted supplying wheat, objecting to the pricing of a mega-deal as the authorities in Moscow seek to impose an unofficial minimum price on grain deals. It’s the second time…
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ALGERIA/MOROCCO -Algeria and Morocco, Africa’s key players in the wheat trade have abandoned French wheat for Russian wheat following increasingly deteriorating relations between the North Africa nations with France, the Ecofin Agency has reported. Alexandre Marie, chief analyst for Agritel (Argus Media France), told the agricultural news daily Terre-Net, on the sidelines of a conference organized in Paris on August 24…
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FRANCE- Ÿnsect, a leading company in insect production has replaced its chief executive officer (CEO) shortly after raising the first tranche of €160 (US$175.80) million in Series D funding announced in April. The new CEO Shankar Krishnamoorthy, a former member of Engie’s Executive Committee, will succeed Antoine Hubert and steer the company towards achieving its strategic goals. According to a…
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FRANCE- Dsm-firmenich, a leading global innovator in nutrition, health, and beauty, has completed the acquisition of French-based postbiotics pioneer Adare Biome for an enterprise value of €275 (US$299.64) million. “The Adare Biome teams will enable us to accelerate the creation of next-generation biotics to support the health of people and animals,” said Philip Eykerman, President of Health, Nutrition & Care.…
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FRANCE – French milling company Moulins Soufflet recently inaugurated its new flour mill in Corbeil-Essones, France in a ceremony graced by Thierry Blandinières, CEO of Groupe InVivo, of which the Moulins Soufflet belongs. Moulins Soufflet officials described the newly constructed, five-story mill as featuring “the latest possible innovations in milling: automation, computerization, a state-of-the-art milling process, more ecological, more diversified…
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FRANCE- Privately-owned confectionery giant Mars recently revealed plans to invest €130m (US$140m) in its sites in France across four business units. Romain Dumas, the CEO of Mars’ pet-food business in the country, outlined the plans at the pan-industry Choose France investment summit. According to Dumas, the company will increase production capacity across its four French units – the confectionery-focused Mars…
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FRANCE- French family-run beverage producer LSDH Group has invested US$34.86 million in a new soy plant utilizing state-of-the-art dry processing technology from Bühler. “We knew there were already lines and plants equipped with Bühler technology for this type of application. Therefore, Bühler’s experience and know-how in this field were determining factors in our decision,” said Thibaud Bombart, the project manager. The plant…
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FRANCE- Paris-based Ÿnsect has launched a B2B2C insect-based brand for the pet food market called Sprÿng, presenting it at the Zoomark International trade show in Bologna, Italy on 9th May 2023. According to the French insect producer, Sprÿng embodies the company’s strategy to “revolutionize” the food system for humans and pets, with the brand’s ingredients boasting a low environmental impact. …
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FRANCE – Swiss packaged-food giant Nestle has announced the closure of its frozen pizza factory in northern France amid declining sales on the backdrop of an E. coli outbreak last year, Just Food has reported. The closure follows a fatal E. coli outbreak in February 2022 that linked Buitoni-branded frozen pizzas produced at the factory in northern France to the…
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FRANCE- CCPA Group has developed the THERMO range, with new solutions to preserve the performance of animals during expected periods of high heat. CCPA Group is a French company specializing in animal nutrition and health, offering solutions that optimize the performance of animals through an all-in-one comprehensive nutritional approach. Their THERMO range comprises preventative and intervention-focused nutritional solutions specific to…
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