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New Zealander manuka honey firm expands in the US and China

The manuka honey processor Comvita, which is listed in the New Zealand stock market (NZX), has started to expand its honey-based products in the US and China, the general manager of Comvita Emea, Rashda Ali told IEG Vu in the Natural & Organic Products Europe exhibition in London on March 23.

Honey New Zealand

Nestlé confirms full-year guidance

Swiss food and beverages giant Nestlé confirmed its full-year guidance after sales and volume growth accelerated in the first quarter of 2018.

Nestle Financial Results

ABF feels the effect of lower sugar prices

UK foods and retail business Associated British Foods (ABF) confirmed that results for the six months ended March 3, 2018 at its sugar business were “well down” on the previous year due to significantly lower EU sugar prices.

ABF Sugar

Boustead Holdings expects 20% profit growth in fiscal 2018

Malaysia’s Boustead Holdings Bhd said it expects profit growth of about 20% for the current financial year ending December 31, 2018.

Boustead Oils & Oilseeds

Czech Kofola’s revenue slowed down by sales in Poland

Despite lower sales in Poland, Czech beverage giant Kofola's revenue has been partially offset by better performance in the domestic and Adriatic region markets.

Czech Republic Poland

Fruit juice trader turned transcontinental producer

Neil Murray, editor of Foodnews, talks to Tsahi Berezovsky about the growth of Prodalim, now active across four continents.

Germany Beverages
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Investments

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Russia to increase infant formula production

With a rise in global demand for infant milk formula, Russia has become the latest country to invest in domestic production, and reduce import dependency.

Russian Federation IMF

Argentine citrus processor opens essential oil plant

The Argentine grocery company Ledesma has opened a new fruit essential oil factory in the North Eastern region of Jujuy, one of the main national lemon and orange growing areas.

Citrus Oils Essential Oils

Japanese companies unite to sell vegetable juices

Nissin Foods and Kagome have formed a joint venture to market vegetable juices in Hong Kong and Macau.

Hong Kong Japan

West Ukraine opens first honey processing plant

Honey producer Renoma LLC has opened the first-ever honey and bee product processing factory in Lviv region, west Ukraine.

Honey Ukraine

Camposol acquires mandarin plantation in Uruguay

Peruvian fruit producer and processor, Camposol, has bought approximately 1,000 hectares for citrus crops in the Department of El Salto in Uruguay.
 
Camposol Investments

Two French fry plants to be built in Ukraine

The Ukrainian Association of Potato Producers (UAVK) announced that two fresh potato market heavyweights will build French fry production facilities by 2019.
Frozen Potatoes Ukraine
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M & A

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Olam buys stake in Spanish coffee and nuts firm

Singapore-based commodities firm Olam International has bought a 29% stake in Guzman Coffee & Nuts (GC&N).

Deals Olam

Fonterra loses out in bid to buy Argentine dairy co-op

Fonterra has lost out to Luxembourg-based multinational Adecoagro in a surprising twist to a race to buy the industrial capacity and brands of Argentina’s financially troubled dairy cooperative SanCor.

Dairy Products Fonterra

San Miguel’s fresh fruit purchase produces good results

Peruvian fresh fruit company Agrícola Hoja Redonda (AHR), which was taken over seven months ago by Argentina’s principal citrus grower San Miguel, has performed well and reported growth of more than 25% in 2017.

Fresh Fruit & Vegetables Fresh Grapes

Saputo edges closer to Australian dairy takeover

Saputo moved one important step closer to its takeover of Australia's troubled Murray Goulburn (MG) this week, with just two more hurdles to go.

Murray Goulburn Saputo

Louis Dreyfus completes acquisition of Chinese oilseeds processor

The Chinese subsidiary of commodities giant Louis Dreyfus Company, LDC (China) Trading Company, has completed the acquisition of local oilseeds processor Sinarmas Natural Resources Foodstuff Technology (Tianjin) Co.

Louis Dreyfus M&A

Private label sales hike at Century Pacific Food

The canning company Century Pacific Food hit record sales last year reaching PHP34.50 billion (USD661.6 million), with a consolidated revenue growth of 22% compared with the previous year, the company announced today.  

Philippines International
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Operations Explore this Topic

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UK coffee chain Costa Coffee to be spun off

Whitbread, the owner of the UK’s largest coffee chain Costa Coffee, has announced it will spin off the business “as fast as practical and appropriate”.

Costa Coffee Operations

Japanese companies unite to sell vegetable juices

Nissin Foods and Kagome have formed a joint venture to market vegetable juices in Hong Kong and Macau.

Hong Kong Japan

New Zealander manuka honey firm expands in the US and China

The manuka honey processor Comvita, which is listed in the New Zealand stock market (NZX), has started to expand its honey-based products in the US and China, the general manager of Comvita Emea, Rashda Ali told IEG Vu in the Natural & Organic Products Europe exhibition in London on March 23.

Honey New Zealand

UK energy drink range extended with orange flavour

Carabao Energy Drink is adding a new flavour to its UK product range.

Beverages Sports or Energy Drinks

All natural blackberry flavour thanks to farm deal

Flavor Labs, a US flavours house based in North Carolina, has announced what it claims is the only natural alcohol-free highly concentrated blackberry flavour on the market for wax flavouring, cbd oil, pharma, confectionery, coffee bean, vapour flavour and terpene concentrated flavour markets.

Beverages United States

Pineapple juice specialist launches vegetable products

Florida Products of Costa Rica has expanded beyond its traditional production of NFC pineapple juice into a range of vegetable-based purées.

Beverages Tropical Puree
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People Explore this Topic

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Louis Dreyfus names chief operating officer

Commodities trader Louis Dreyfus Co (LDC) has named Andrea Maserati as chief operating officer and Ian McIntosh as chief strategy officer as part of a management reshuffle.

Louis Dreyfus People

Fruit juice trader turned transcontinental producer

Neil Murray, editor of Foodnews, talks to Tsahi Berezovsky about the growth of Prodalim, now active across four continents.

Germany Beverages

Bonduelle group appoints new chief executive

Bonduelle’s chief executive Christophe Bonduelle has entrusted Guillaume Debrosse, the managing director of the company in eastern Europe, with the operational management of the whole group. 
Canned & Tomato Products Fresh Fruit & Vegetables

Cranberry giant replaces Papadellis with Chacko as CEO

Ocean Spray’s board of directors has unanimously elected Bobby J Chacko as president and chief executive officer. Chacko takes over from chief executive Randy Papadellis, who last month announced he was stepping down.

Beverages Fresh Fruit & Vegetables

Thai Union board members buy subsidiary’s shares

The offer price is THB1.00 (USD0.51) per share, the tuna canner Thai Union announced today.

Thailand Canned & Tomato Products

ADM reorganises business to boost growth

US commodities giant Archer Daniels Midland (ADM) has announced the realignment of its business across four units – carbohydrate solutions, nutrition, oilseeds and origination – to “better reflect its operating structure”.

ADM Commercial
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