Blockchain: BASF and arc-net team up to use trailblazing technology for livestock sustainability

18 Apr 2018 --- The world’s largest chemical producer BASF and arc-net are joining forces to use blockchain technology for livestock sustainability. The system captures data to provide an environmental footprint with full transparency and traceability along the entire value chain. The partnership is just the latest example of how the food industry can harness the power of blockchain technology.

Pur Natur-Kaneka Corporation tie-up enters Japan’s dairy products market

16 Apr 2018 --- Tokyo-headquartered Kaneka Corporation has signaled its entrance into the dairy products business as its affiliate food sales company, Kaneka Shokuhin Co., Ltd begins to sell “Milk for Bread” at bakeries around the city.

Cargill invests US$20m in egg processing facility

13 Apr 2018 --- Cargill is investing US$20 million to expand its Big Lake, Minnesota, egg processing facility. The Big Lake expansion includes capabilities to pasteurize, mix and cook a number of additional egg products for foodservice and protein ingredient customers, to meet increasing customer and consumer demand for a greater variety of cooked egg products.

Weekly Digest: Symrise reaffirmed as a sustainable company, Givaudan launches digital campaign which “engages the senses”

13 Apr 2018 --- This week in business, the Ethibel Sustainability Index (ESI) Europe has reaffirmed Symrise as a sustainable company and IFF announced its newly published 2017 sustainability report that it has already surpassed its 2020 goals for water and greenhouse gas emissions amongst other achievements. Olam International has launched the Olam Living Landscapes Policy (OLLP) which supports a Net-Positive approach to agricultural supply chains and landscape management.

EC calls for new rules to eliminate unfair trading – but do they go far enough?

13 Apr 2018 --- The European Commission plans to ban unfair trade practices in the food supply chain in a bid to help farmers and small and medium-sized businesses get fairer treatment.
The Commission is targeting the more damaging unfair trading practices and wants to see sanctions imposed by authorities if any new rules are breached. 

Barry Callebaut sales volumes rise 8 percent, boosted by European and US performance

11 Apr 2018 --- Swiss chocolate maker Barry Callebaut has reported a sales volumes increase of 8.0 percent in the first half of the company’s fiscal year 2017/18 results, which is significantly above the global chocolate market growth rate of +2.5 percent, helped by a strong performance in Europe and accelerating growth in the Americas.

Butter: A healthy fat or fad?

10 Apr 2018 --- Butter consumption has increased by 1.7 million metric tons per annum over the last ten years. This market shift comes as the world adopts a better understanding of the health benefits of butter. While historically experts advised people to reduce their fat intake, they now agree that fats are beneficial for people’s health – especially natural dairy fats. Consumers are looking for natural, authentic whole foods such as butter, driving a resurgence in this area. And even with different consumer groups, the changing recommendations around butter have permitted them to eat butter again.

Bayer-Monsanto tie-up clears another hurdle as US Justice Department allows mega deal

10 Apr 2018 --- The US Justice Department has given the green light for German multinational Bayer to acquire Monsanto in a US$60bn-plus deal, following a series of divestments from both companies to allay anti-trust concerns. This is the latest nod of approval in the so-called “mega deal” which would make Bayer and Monsanto the world's largest integrated pesticides and seeds company. Following the planned acquisition, the new company would have a share of more than a quarter of the world’s seed and pesticides market.

Cargill posts earnings drop off, performance gains for cocoa, chocolate and edible oils

09 Apr 2018 --- Global commodities trader Cargill has reported the key financial results for the fiscal 2018 third quarter and first nine months ended Feb. 28, 2018. Adjusted operating earnings were US$559 million, a 22 percent decrease from last year’s US$715 million. Nine-month earnings totaled US$2.4 billion, down 7 percent from US$2.58 billion a year ago.

DuPont applauds USDA decision to support continued use of carrageenan in organic food

06 Apr 2018 --- DuPont Nutrition & Health and a broad coalition of scientists, dietitians, food producers, environmentalists, seaweed farmers and consumers have applauded the decision by the United States Department of Agriculture (USDA) to support carrageenan for continued use in US organic foods.

Dairygold rides dairy market volatility to report robust 2017 results

06 Apr 2018 --- Ireland’s largest farmer-owned dairy cooperative, Dairygold, has posted 2017 financials, saying it has delivered a robust financial performance in 2017 which has strengthened the balance sheet, while also paying leading prices for milk and grain to its members.

Trade war: China plans to slap sanctions on US soybeans, industry facing serious losses

05 Apr 2018 --- China has seriously upped the severity of its sanctions against the US as the trade war between the world's two largest economies escalates. US soybeans are now being targeted for 25 percent retaliatory tariffs, after initially not including the commodity on its list of items impacted. As the trade war between the two countries intensifies, China has added soybeans to a long list of food products that will be subject to tariffs alongside frozen pork, almonds, pistachios, wine and fresh and dried fruit.

Hershey invests US$500 million in sustainable cocoa strategy

04 Apr 2018 --- The Hershey Company has launched a new initiative focusing on a long-term strategy for sustainable cocoa where US$500 million will be invested by 2030 to nourish children, elevate youth, build prosperous communities, educate farmers and preserve natural ecosystems.

US-China tariff spat escalates on food products as dairy innovation deal is signed

03 Apr 2018 --- In its first retaliatory move since President Trump’s earlier tariffs on steel and aluminum, China has suspended tariff concessions, some reaching up to 25 percent, on a wide range of US food products. Products affected include frozen pork, almonds, pistachios, wine and fresh and dried fruit. To compensate for losses because of the steel and aluminum tariffs imposed by Trump, China’s Ministry of Finance is now imposing the punitive measures on food, having previously warned that it would do so in an earlier announcement in March.

Plant breeding innovation: Gene-edited plants not subject to US regulation

03 Apr 2018 --- The US Department of Agriculture’s (USDA) does not plan to regulate genome-edited plants, paving the way for quicker varietal innovation. Under its biotechnology regulations, USDA does not regulate or have any plans to regulate plants that could otherwise have been developed through traditional breeding techniques, as long as they are not planted pests or developed using plant pests.

Weekly Digest: Bunge and Corbion ink deal, Danone completes Yakult stake sale

29 Mar 2018 --- This week in business, Bunge issued its fourth progress report on the implementation of the company's zero deforestation commitment and Albania is on track to become one of the most virtuous countries in Europe for sustainable seafood. Elsewhere, Danone has announced this week, that it has sold a total of 24,600,000 shares of Yakult, representing €1.3 billion (US$1.6 billion).

Vion reinstates dividend for the first time in six years

29 Mar 2018 --- Dutch meat group Vion continued to improve its performance in 2017, resulting in a normalized EBITDA of €64 million versus €61 million in 2016. On the back of these solid operational results and its strong balance sheet, the company reinstates its dividend with a first payment based on the results of 2017 of €9.5 million (US$11.6 million).

Campbell's taps into fast-growing snack space

28 Mar 2018 --- Campbell Soup Company recently announced the completion of the acquisition of Snyder’s-Lance, Inc. for US$50 per share in an all-cash transaction. The acquisition, which represents an enterprise value of approximately $6.1 billion, is a strategic acquisition for Campbell, creating a US$10 billion company with almost half of annual net sales in the fast-growing snacking category, called Campbell’s Snacks.

United against food waste: Dutch initiative aims to cut food waste by half in 2030

26 Mar 2018 --- A new initiative called “United against food waste” has been launched in the Netherlands. The originator is the Task Force Circular Economy in Food, which consists of a large number of companies, research institutes, civil society organizations and government bodies, including Wageningen University & Research. The task force aims to reduce food waste in the Netherlands by half in 2030 compared to the 2015 figure.

Good Growth Plan: Syngenta eyes growth in crop yields and reductions in greenhouse emissions

26 Mar 2018 --- Syngenta is making strong progress with The Good Growth Plan in increasing crop yields while using precious resources more efficiently, safely and sustainably. This is demonstrated by the program’s fourth-year results, which were published today.

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