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Financial Results Explore this Topic

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Brazilian coffee group Três Corações profits rise in 2018

Brazil’s largest manufacturer of roasted and ground coffee, Três Corações reported a net profit of BRL 298.4 million (USD75.95 million) in 2018, up 16.6% over the previous year.

Brazil Coffee

Amaggi reports better results on large production and good pace of exports

Amaggi, one of the largest producers and processors of grains and oilseeds in Brazil, had its 2018 results lifted by good momentum of the Brazilian soybean market last year, mainly in production and export of the oilseed from Brazil.

Financial Results Brazil

Granarolo ups stake in Italian cheese maker

Bologna-based Granarolo announced it has increased its stake in Venchiaredo, a specialty cheese producer.

Italy Cheese

Trade tensions to hit GrainCorp results

GrainCorp has announced a AUD40 mln (USD28.6 mln) hit to its first half EBITDA from trade tensions and a drought in Australia.

Australia Barley

Saudi Almarai's earnings fall as dairy segment slump continues

The Middle East's largest dairy producer Almarai said its earnings were still suffering from rising costs in first quarter (Q1) of this year.

Almarai Dairy Products

Barry Callebaut sales growth lower y-o-y

Swiss chocolate giant Barry Callebaut reported a moderate sales boost in its half-year results, though volumes were well below last year’s growth.

Barry Callebaut Financial Results
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Investments

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German discounter to build beverages plant in UK

MEG, part of the holding company that owns both Lidl and Kaufland, another German supermarket chain, has had its plans for a bottling plant approved by South Derbyshire District Council. The plant will supply Lidl with bottled water and soft drinks.

United Kingdom Beverages

German investors launch honey trade exchange in Ukraine

Medovaya Birzha, or The Honey Exchange, is an initiative formed by German investors in Kherson, southern Ukraine, according to AgroYug.

Honey Ukraine

French and Indian companies to complete gum Arabic joint venture

The French SDPA-owned company Alland & Robert and the Indian-based house Sayaji Industries have signed an agreement to produce and commercialise gum Arabic in India through a joint venture called Alland & Sayaji.

Waxes & Gums France

Spanish almond grower to develop a processing plant

The Spanish agricultural cooperative Dcoop is developing a processing plant in a former olive oil factory in Cordoba, southern Spain.

Almonds Spain

New Zealand manuka honey company to acquire its Chinese joint venture

Manuka honey processor Comvita, , has reached an agreement with the Chinese house Shenzhen Comvita Natural Food Co Limited (SCNF) to acquire all stakes in its joint ventures with Comvita China Ltd and Comvita Food China for NZD3.19 million (USD2.63 mln).

Honey China

Felda to receive USD1.5 bln in state support

Malaysia’s Felda will receive MYR6.2 billion (USD1.5 bln) in state aid to turn the company around after years of mismanagement.

Felda Malaysia
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M & A

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Granarolo ups stake in Italian cheese maker

Bologna-based Granarolo announced it has increased its stake in Venchiaredo, a specialty cheese producer.

Italy Cheese

US producer to expand ice cream production through acquisition

The USA's third-largest ice cream producer, Wells Enterprises, has bought Fieldbrook Foods, a New York-based ice cream manufacturer.

Ice Cream Dairy Products

Sberbank in talks to acquire Russian retail chain

Russian state-controlled Sberbank is in talks to buy O'Key, a mid-sized food retailer and owner of discount chain Da!, according to Reuters.

M&A Russian Federation

Polish dairy takeover shakes up local industry

Poland's Polmlek announced the acquisition of Lacpol in what was deemed as "the acquisition of the decade".

Dairy Products M&A

Campbell Soup to sell Bolthouse Farms operation

The fresh vegetable and vegetable juice business is being bought by an affiliate of private equity firm Butterfly Equity for USD510 million, which represents a loss on the business of more than USD1.0 billion. The sale should be completed by July.

United States Beverages

New Zealand manuka honey company to acquire its Chinese joint venture

Manuka honey processor Comvita, , has reached an agreement with the Chinese house Shenzhen Comvita Natural Food Co Limited (SCNF) to acquire all stakes in its joint ventures with Comvita China Ltd and Comvita Food China for NZD3.19 million (USD2.63 mln).

Honey China
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Operations Explore this Topic

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UK food and beverage brand improves environmental credentials

The company is introducing shrink-wrap packaging made from 50% post-consumer recycled waste (PCRW). By the end of the year, all its UK-made brands and products it makes under private label will come packed in the sustainable wrapping.

United Kingdom Commercial

Ambitious growth strategy in Indian juice drinks market

Fresca wants to achieve sales of INR1.5 billion (USD21.6 million) by 2022 and capture 2% of the country’s nectars market and 10% of the market in India’s northern states. It is also looking to quadruple its sales in the aseptically-packed juice drinks segment.

India Commercial

France’s Cristal Union mulls closure of two sugar factories

Cristal Union plans to close two sugar factories in France, local daily L'Opinion reported.

Cristal Union Sugar

Trade tensions to hit GrainCorp results

GrainCorp has announced a AUD40 mln (USD28.6 mln) hit to its first half EBITDA from trade tensions and a drought in Australia.

Australia Barley

Dried fruit industry gets a younger outlook

Turkish dried fruit processor Sanford AS is targeting younger generations with a wide range of products aimed at children between 18-24 months, IEG Vu learned at the Polaris event in Athens (April 15-17).

Dried Fruit & Nuts Frozen Foods

Climate change will impact tuna fisheries’ target species, study says

Under marine global warming scenarios, the study ‘Climate change will redistribute tuna’ foresees key tuna species skipjack, yellowfin, bluefin and albacore moving to optimised habitats widely disseminated from EEZ waters to the poles.

International Europe
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People Explore this Topic

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European meat trade body appoints new Secretary General

One of Europe’s leading meat industry figures is being replaced after almost four decades in his post.

EU Cattle & Beef

Senior leadership changes at LDC

Louis Dreyfus Company (LDC) has announced changes to its senior leadership, including the chairman of Biosev and head of its grains platform.

Louis Dreyfus People

Alvean names new CEO and CFO

Alvean Chief Executive Gareth Griffiths has decided to step down and will be replaced by Paulo Roberto de Souza, the company said on March 19.

Alvean People

Almond Board of California has new director of agricultural affairs

Josette Lewis (pictured below) has joined the Almond Board of California (ABC) as its new director of agricultural affairs.

Almonds United States

“Digitalisation is a key driver for the fresh food industry”

With a remarkable attention to blockchain, machinery, organics and Brexit circumstances, last minute adjustments are being made for the 27th edition of the international trade show Fruit Logistica, taking place in Berlin between February 6 and 8.

Europe International

DoTerra appoints new executive

The Utah-located company doTerra, a global leading essential oil producer, has appointed Dr. Rusell J. Osguthorpe as chief medical officer and vice president of medical and scientific initiatives, leading the healthcare and research teams.

United States Essential Oils
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