Sustainable spices: Olam highlights traceability platforms

15 Aug 2018 --- As the demand toward highlighting traceability around spices continues to grow, Olam International is working on plant-based innovations and tapping into the opportunity to market sustainable spices. Innovation within the diverse company, which this week released its latest financial results, includes new formulation solutions for plant-based alternatives within chocolate milk.

Cream cheese in minutes: Arla Foods Ingredients solution cuts process time

15 Aug 2018 --- Arla Foods Ingredients is set to launch one of the world’s fastest cream cheese manufacturing processes at Food Ingredients South America (São Paulo, Brazil, August 21-23, 2018). The protein solution can cut cream cheese-making process from 20 hours to just 30 minutes, according to the company.

Upcycling sunflower seeds: Ingredient innovator, Planetarians targets the plant protein landscape

15 Aug 2018 --- Shifting consumer preferences for healthier choices are driving the demand for plant-based proteins, which are growing at a rapid rate. The plant-based food market is growing at double-digit rates and expected to reach US$5.2 billion worldwide by 2020, according to Nestlé and rising prices for plant-based proteins are forcing food manufacturers to identify opportunities and sustainable ingredients to address this consumer demand. That focus has created a robust marketplace for functional, and value-added components, including that of sunflower seeds, according to Planetarians, an ingredient company who claim to be “revolutionizing the plant-protein landscape through upcycling defatted seeds.”

Natural preservatives expansion: Natural Products Canada invests in Chinova Bioworks

15 Aug 2018 --- Natural Products Canada has invested in Chinova Bioworks, a Canadian company whose mushroom-based natural preservative has previously captured the interest of major food industry partners such as DSM Ventures, Rhapsody and AgFunder.

Sustainable palm oil: Global investors call for stronger standards from RSPO

14 Aug 2018 --- More than 90 institutional investors representing more than US$6.7 trillion in assets have called on the Roundtable on Sustainable Palm Oil (RSPO) to strengthen its standards for certifying the sustainable production of palm oil. In a letter sent earlier this month to the RSPO, investors voiced their concerns over the group’s relevance and effectiveness and the current disconnect between corporate policy commitments and the RSPO’s Principles and Criteria Guidance. The investors outline specific recommendations to help bridge the gap.

The flavors shake-up: Ethnic, rich and authentic options pushed to the fore

14 Aug 2018 --- The last few months have seen a real shake-up in the flavors space with International Flavors & Fragrances (IFF) beginning a new chapter with the combination of Frutarom. The news came as Swiss-headquartered market leader Givaudan completed the acquisition of 40.5 percent of the shares of Naturex for €135 per share, with plans underway to take complete control of the natural ingredients supplier. The acquisition of such a significant shareholding in Naturex fits with Givaudan’s 2020 strategy to expand its offering to deliver natural products to customers.

Symrise reports accelerated organic growth, expands business in all segments

14 Aug 2018 --- Symrise AG (Symrise) has accelerated its organic growth course in the second quarter. All segments and regions contributed to this positive development, according to the company. Group sales rose significantly by 9.0 percent in the first half of 2018 and earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to €317.1 million (H1 2017: €322.9 million). Against the background of this positive business performance, Symrise is refining its outlook for 2018. The group now expects an increase in annual sales above the medium-term target corridor of 5 to 7 percent, therefore growing significantly faster than the market.

Tyson Foods divests pizza crust business to private equity firm

14 Aug 2018 --- Tyson Foods has reached an agreement to sell its pizza crust business, TNT Crust business (TNT), to an affiliate of private equity firm Peak Rock Capital (Peak Rock). Terms of the deal have not been disclosed. However, the two companies hope to complete the deal by September. The transaction is the seventh recent food and beverage investment for Peak Rock.

Dairy expansion: Glanbia Nutritionals and partners invest US$470m in new Michigan facility

14 Aug 2018 --- Glanbia Nutritionals, Dairy Farmers of America and Select Milk Producers Inc. are set to build a new large-scale cheese and whey production facility in St. Johns, Michigan, US as part of a joint venture. The project is expected to be commissioned in the Q4 of 2020 and will cost approximately US$470 million.

EU families waste over 17bn kilos of fresh fruit & vegetables each year, reveals study

14 Aug 2018 --- A recently published Joint Research Centre (JRC) article has revealed that EU households generate roughly 35.3kg of fresh fruit and vegetable waste per person per year, 14.2 kg of which, is avoidable. The UN's Food and Agriculture Organisation (FAO) estimates that about one-third of the food produced globally for human consumption is lost or wasted.

Valeo Foods acquires Tangerine Confectionery in US$128m deal

13 Aug 2018 --- Irish food company, Valeo Foods, is buying UK Tangerine Confectionery for £100 million (US$127.6 million) from private equity firm Blackstone. The acquisition will see famous sweet brands like Dip Dab, Fruit Salad and Blackjack come under Valeo's control.

Global export success: UK food and drink sales reach record high, but Brexit looms large

13 Aug 2018 --- UK food and drink exports hit a record level of £10.6 billion (US$13.5 billion) for the first half of 2018 – up by 4 percent compared to last year, as the date for Britain's exit from the EU draws ever closer. The US, China and Hong Kong were among the top countries importing British products, according to new figures from the Department for Environment, Food & Rural Affairs, illustrating how the country's manufacturers may be able to look further beyond prioritizing their EU trading strategy in the future. Demonstrating a clear global desire for British taste, quality and high standards, UK food and drink businesses are now selling their products to over 200 global markets.

Weekly Roundup: Univar launches Global Digital Hub, Brakes signs WRAP’s UK Plastic Pact

10 Aug 2018 --- This week, Univar officially opened its Global Digital Hub during a Digital Day event for supplier partners. UK’s foodservice wholesaler, Brakes, has signed up to WRAP’s UK Plastics Pact, furthering its commitment to lead the foodservice industry in reducing its environmental impact. Fonterra is transitioning from coal to renewable energy at its Stirling site in Otago, New Zealand and First Milk is celebrating winning the English, Scottish and Welsh regional titles at this year’s International Cheese Awards.

New highs: Heineken launches brew made with marijuana

10 Aug 2018 --- Heineken's new brew, Hi-Fi Hops, from California beer brand Lagunitas, is made with marijuana instead of alcohol. Hi-Fi Hops is currently only available in a select number of dispensaries in California, where marijuana is legal. Lagunitas, Heineken's fast-growing California beer label, labels its new brew as “hoppy sparkling water.”

Agrana Nile Fruits brings new beverage solutions to Middle East & African markets

10 Aug 2018 --- Agrana Nile Fruits has inaugurated a new production line for tailor-made beverage compounds, specifically targeting markets in the Middle East and North Africa. The joint project with Austria Juice, a sister company of the Agrana Group, is a successful endeavor of installing high-quality standards and the innovation drive from European markets to the region, according to the company.

Corbion results impacted by new Algae Ingredients business

09 Aug 2018 --- Corbion reported H1 2018 sales of €439.2 million (US$509.2 million), a decrease of 4.9 percent compared to H1 2017, entirely due to negative currency effects. Organic sales growth was 3.1 percent. EBITDA excluding one-off items in H1 2018 decreased by 19.0 percent to €71.5 million (US$82.9 million) due to negative currency effects and the inclusion of the Algae Ingredients business (which includes the former TerraVia business acquired in 2017). Organic EBITDA excluding one-off items increased by 1.2 percent in H1 2018.

European Salmonella outbreaks highlight compliance information needs, claims SGS

09 Aug 2018 --- The rise in unexplained European cases of salmonella poisoning linked to the use of cucumbers in ready-to-eat foods reminds manufacturers about the need to stay informed on food compliance matters, according to SGS Digicomply (SGS), a regulatory intelligence network. The company provides tailored data to help businesses mitigate against the risk of non-compliance.

Kerry reports “solid” 4.1 percent growth in Taste & Nutrition, updates full-year guidance

09 Aug 2018 --- Kerry has reported a solid underlying business performance for the half year ended June 30, 2018. Taste & Nutrition was up by 4.1 percent volume growth and Consumer Foods was up by 1.3 percent volume growth in H1. UK and Irish consumer foods markets encountered challenges in the period, however, Kerry’s Consumer Foods division delivered a solid underlying performance. Business Performance Group revenue on a reported basis increased by 1.4 percent to €3.2 billion reflecting strong volume growth and contribution from acquisitions.

Natural and clean label expansion: Firmenich acquires Campus, Italian innovator in protein solutions

08 Aug 2018 --- Firmenich has acquired Italy-based Campus, an innovator in the application of natural functional ingredients for protein applications, specializing in clean label, meat and plant-based foods. This acquisition broadens Firmenich’s capabilities in naturals and protein solutions, cutting across animal and vegan food products. Neither party is disclosing financial details of the deal, which is expected to close by the end of this week.

European drought: Solutions required as wheat, maize and barley harvests to be impacted

07 Aug 2018 --- The drought in many regions of the European Union and Eastern Europe has caused significant damage to wheat, maize and barley crops. Weather conditions are affecting the quality of the wheat as well as its quantity; because of the drought, the failing number is unusually high. There have been reports that the governments of drought-hit German, Swedish, Finnish, Lithuanian and Danish farmers are considering special aid packages. According to the Food and Agriculture Organization of the United Nations (FAO), prices of these crops could remain under upward pressure. Although the agency believes that the overall effects of the recent droughts are not yet alarming, there may be a need for alternative solutions if the cost of these ingredients continues to rise. 

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