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Financial Results Explore this Topic

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John B. Sanfilippo & Son reports better incomes despite sales fall

The US edible nut grower, processor and wholesaler John B. Sanfilippo & Son, reported a 21.5% net income increase in the financial year (FY) 2019 (June 28 2018-June 27 2019), after net sales declined by 1.4% to USD876.2 mln and sales volume increased by 1.4%.

Dried Fruit & Nuts United States

Hong Kong riots impact New Zealand manuka honey processor results

The manuka honey processor Comvita, listed on the New Zealand stock market, suffered a loss after tax of around NZD7.6 million (USD4.8 mln) in the 2019 financial year (July 2018-June 2019 ) due to a fall in sales during June as a result of riots in Hong Kong, the company noted.

Honey Hong Kong

Frozen and canned businesses keep Bonduelle’s financials steady

The group's revenue for the financial year ending on June 30, 2019, totalled EUR2.7 billion (USD3 bln), up 0.5% compared with that of the previous year.

Europe Asia Pacific

Refresco earnings grow by more than half

Juice and soft drinks giant Refresco has reported a good rise in volumes and profits for its fiscal second half of 2019.

Netherlands Commercial

UK grower to expand its macadamia crop

The UK growing company Camellia, listed on the London exchange, is set to expand by 180 hectares its macadamia planted area in South Africa between 2019 and 2023, the company reported.

Macadamias South Africa

Del Monte Foods to divest several US facilities

A few days after US processor Seneca announced the disposal of its pear canning facility by the end of the year, Del Monte Pacific’s US subsidiary Del Monte Foods followed suit, announcing its intention to sell several production facilities in a move to “an asset-light strategy.”

US States Europe
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Investments

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Select Harvests reports favourable almond yields

Select Harvests explained that the continued improvement in its almond yields reflects the benefit of the ongoing focus on high-performance horticultural programmes and a further investment in risk mitigating frost fans.

Almonds United States

Indian investors open coconut processing plant

The US company Apex Coco and Solar Energy has just opened a processing plant in the Indian state of Tamil Nadu.

 

Desiccated Coconut India

Two Baltic dairy co-ops announce cross-border merger

Latvian dairy cooperative Piena Ceļš has announced a team-up with Estonian cooperative E-Piim and a multi-million investment in a factory in Estonia.

Dairy Products M&A

US real estate investor acquires pistachio plantation in California

The US real estate investment fund Gladstone Land Corporation, listed on the New York exchange, has just bought a 1,000-acre pistachio plantation in Coaling (California), for USD33 million.

Pistachios United States

Brazil’s JBS expands units authorised to sell to China

Brazil’s JBS, the world’s largest meatpacker, is boosting the capacity of plants authorised to supply the Chinese market as it looks to build on recent advances in the country.

Brazil China

Artisanal juice maker’s multi-million investment

Patrick Font, a manufacturer of premium fruit and vegetable juices and nectars for the catering trade, is investing EUR5.3 million (USD mln) in a new plant in Tartaras (Loire).

France Commercial
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M & A

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Prodalim expands again with purchase of tank farm

Prodalim has contracted to buy the former ADM juice tank farm in Port Elizabeth, New Jersey, for an undisclosed sum.

United States Beverages

Two Baltic dairy co-ops announce cross-border merger

Latvian dairy cooperative Piena Ceļš has announced a team-up with Estonian cooperative E-Piim and a multi-million investment in a factory in Estonia.

Dairy Products M&A

US real estate investor acquires pistachio plantation in California

The US real estate investment fund Gladstone Land Corporation, listed on the New York exchange, has just bought a 1,000-acre pistachio plantation in Coaling (California), for USD33 million.

Pistachios United States

Valio's Estonian operations report record sales in 2018

Finland Valio's Estonian operations (Valio Estonia) reported sales of EUR122.5 million in 2018, up 6% on 2017 thanks to stronger sales in extra-EU markets.

Valio Cheese

Saputo's Australian dairy takeover raises competition concerns

The Australian Competition and Consumer Commission (ACCC) has released preliminary competition concerns over the proposed acquisition of Lion Dairy & Drink's specialty cheese business by Canadian company Saputo.

Australia Cheese

Fonterra looks to divest shares in Beingmate

New Zealand dairy giant Fonterra said it is looking to cut its stake in troubled China-based baby nutrition business Beingmate as part of the co-op's restructuring plans.

IMF Fonterra
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Operations Explore this Topic

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Barry Callebaut begins chocolate production at new Indonesian plant

Barry Callebaut has started manufacturing at its second chocolate plant in Rancaekek, a sub-district of Bandung, Indonesia.

Cocoa Barry Callebaut

Prodalim expands again with purchase of tank farm

Prodalim has contracted to buy the former ADM juice tank farm in Port Elizabeth, New Jersey, for an undisclosed sum.

United States Beverages

John B. Sanfilippo & Son reports better incomes despite sales fall

The US edible nut grower, processor and wholesaler John B. Sanfilippo & Son, reported a 21.5% net income increase in the financial year (FY) 2019 (June 28 2018-June 27 2019), after net sales declined by 1.4% to USD876.2 mln and sales volume increased by 1.4%.

Dried Fruit & Nuts United States

Too early to determine US almond crop

“While everyone is looking for clues to crop size in the early stages of harvest, it will be a couple of weeks before we have a better view on the crop. For now, it is the general belief that the crop will be larger than the unexpectedly low Objective Estimate of 2.2 billion pounds. With prices having cooled off, it appears that the market is trading [on the] basis [of] a crop size in the range of 2.4-2.5 bln lbs,” Olam stated.

Almonds United States

Select Harvests reports favourable almond yields

Select Harvests explained that the continued improvement in its almond yields reflects the benefit of the ongoing focus on high-performance horticultural programmes and a further investment in risk mitigating frost fans.

Almonds United States

Exclusive: Argentina to enter NFC apple juice market

Jugos SA, Argentina’s largest AJC and pear juice concentrate manufacturer, is diversifying into NFC apple juice, to be made in its existing plant in Villa Regina, Rio Negro province.

Argentina Chile
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People Explore this Topic

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David Butcher returns to head Carabao in UK and Ireland

Carabao has announced that David Butcher will return as managing director for UK and Ireland, following a six-month tenure at the South-East Asian energy drinks brand back in 2017.

People United Kingdom

Fonterra expects financial losses for second year in a row

The New Zealand dairy giant has announced that it is expecting a huge financial loss in its full-year financial results to be announced next month amid its large-scale business review.

Fonterra Dairy Products

Peru’s tuna industry head elected IATTC’s new president

The Peruvian fishing entrepreneur and current president of the country’s tuna chamber CPA, Alfonso Miranda Eyzaguirre, was elected president of the Inter American Tropical Tuna Commission (IATTC) in the 94 th annual meeting of the organisation recently held in Bilbao, Spain.

South America Europe

Spain at the kernel of the European almond industry

Spain is the main European almond origin its industry having experienced a notable modernising process in the last decade to compete with California for the Northern and Central European market. IEG Vu has interviewed Antonio Pont Jr, chair of the Spanish association of edible nuts and carobs (Aeofruse) and president of Crisol, a key nut grower.

Almonds Spain

Israeli juice company announces new regional president

Prodalim Group has announced the appointment of Dr. Andreas Papp as president of its operations in the Europe, Middle East and Africa (EMEA) region.

Europe Israel

North America blueberry industry elects new president

The North American Blueberry Council (NABC) and US Highbush Blueberry Council (USHBC) have nominated Kasey Cronquist as their new president, with effect from July 29.

Fresh Berries Frozen Blueberries
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