Cross Category

PureCircle in stevia plant genome breakthrough

20 Oct 2017 --- For the first time scientists have completed the sequencing of the stevia plant genome unveiling major breakthroughs in research. Scientists from producer and innovator of stevia sweeteners for the global beverage and food industry, PureCircle, have found a way to map the genetic makeup of the stevia plant, in what they claim is a pioneering move. The mapping will provide an in-depth understanding of how the calorie-free sugar substitute derives its characteristic sweetness. 

Dutch innovators Triskelion develop gel method to identify gelatin purity

20 Oct 2017 --- Contract Research Organization (CRO) Triskelion has developed a validated LC-MS method for the species-specific determination of gelatin. Recently published in Food Chemistry, the TrustGel method reliably detects porcine and bovine constituents in gelatin with a high sensitivity. Using TrustGel, species authenticity of gelatin can be demonstrated unambiguously.

Olam CEO appointed as WBCSD Chair from 2018

20 Oct 2017 --- The World Business Council for Sustainable Development has announced that Sunny Verghese, Co-Founder and Group Chief Executive Officer of Olam International, has been appointed as the new Chair of WBCSD. Verghese’s term begins on January 1, 2018 for a duration of two years.

Firmenich commits to 100 percent sustainable juice

20 Oct 2017 --- Firmenich has signed the Sustainable Juice Covenant, joining forces with leading European beverage and food companies to commit to creating 100 percent sustainable juice and puree by 2030. Under the coordination of IDH: the Sustainable Trade Initiative, Firmenich, Döhler, FrieslandCampina Riedel, Refresco and Verbruggen Juice Trading Sustainable Products b.v., have agreed to target 100 percent verified sustainable sourcing for their juices within the next decade.

Frutarom confirms eighth purchase of 2017: Acquires 60 percent of Mighty Co.

19 Oct 2017 --- Frutarom is continuing its momentum of acquisitions with an eighth purchase this year, by acquiring 60 percent of the shares of the Thai flavors company The Mighty CO. LTD. (including the activity of Maharaj Food Co. Ltd. and Mighty International Co. Ltd.) for approximately THB 393 million (approx. US$12 million) and at a valuation of THB 655 million (approx. US$20 million). 

Nestle reports slight decline in nine-month sales for 2017

19 Oct 2017 --- Total reported sales for Nestlé decreased by 0.4 percent to CHF 65.3 billion (US$66.6 billion), reduced by net divestments of 2.6 percent (mainly due to the creation of the Froneri joint venture) and negative foreign exchange effects of 0.4 percent. Organic growth was 0.8 percent in developed markets and 5.1 percent in emerging markets.

“Leading European fund” Capagro Innovation completes final funding round

19 Oct 2017 --- Capagro Innovation has successfully completed its final funding round – a second funding round worth €66 million (US$77.8 million) – leading the company to state that it has become one of the leading European funds specialized in innovation in agriculture and food. This follows the reopening in January 2017 of the subscription period for its venture capital vehicle, Capagro Innovation.

Fortissimo Capital invests US$4 million in tech seed breeding company Equinom

19 Oct 2017 --- Israeli-based private equity fund Fortissimo Capital has invested US$4 million in Equinom, an Israeli-based technology seed-breeding company focused on the development of specialized crops for the food industry. This has been announced as the first installment of Fortissimo's investment as part of the third funding round of Equinom.

Emerging markets drive sales growth by 6.3 percent in Q3 for Unilever

19 Oct 2017 --- Unilever has announced its results for the third quarter of 2017, which show emerging markets driving growth and good progress against the strategic objectives the company set out for 2020. Turnover increased by 3.1 percent in the first nine months, including a negative currency impact of 0.6 percent. Turnover decreased by 1.6 percent, including a negative currency impact of 5.1 percent. Underlying sales growth was 2.6 percent, with price up 2.4 percent and volume up 0.2 percent and emerging markets underlying sales growth was 6.3 percent in Q3, with volume up 1.8 percent. 

BASF steps up sustainable palm oil commitment by joining FONAP

19 Oct 2017 --- BASF has joined the Forum for Sustainable Palm Oil (FONAP) as a producer of oleo derivatives and claims that becoming an official supporter signals the company’s intent on fostering sustainable oil palm products. 

IFF: Re-Imagine Programs accelerate innovation and tap into unmet consumer opportunities

19 Oct 2017 --- Innovator of sensory experiences, International Flavors & Fragrances Inc. (IFF), has launched Re-Imagine programs to accelerate innovation and increase agility to capture unmet opportunities in the changing food and beverage market. Based on a combination of future trends analysis, consumer insights, and a modernized cross-category development process, the programs guide the company’s research and development efforts to ensure an innovation pipeline that addresses evolving consumer needs and desires.

Superfoods: (Part 2) What will be next in well-being? The “superior” food of tomorrow

19 Oct 2017 --- Strengthening supply chains
A few years back quinoa production centered around traditional Andean growing regions like Peru, Bolivia and Chile, but now the superfood grain is commercially grown all over Europe including, Britain, Germany, Belgium, France, Spain and the Netherlands as its popularity continues to gather pace in consumer groups all over the world. Commercial farming is also being developed in Kenya and India. 

US$1bn fund to boost sustainable farming launched by Rabobank and UN Environment

18 Oct 2017 --- A new initiative is underway to help farmers transition to sustainable practices to keep pace with increasing demand from consumers and food companies for more supply chain transparency. Rabobank’s program, Kickstart Food, is all about accelerating the transition to a sustainable food supply. One of the first steps in this program will be the launch of a one billion dollar facility to initiate land restoration and forest protection initiatives.

Givaudan launches FreezeFrame innovation to deliver freshness in convenience foods

18 Oct 2017 --- Leader in flavors, Givaudan, has announced new flavor and taste solutions which will enhance the perception of freshness in convenience foods. A range of seven top notes and taste solutions is being launched in phase one of the company's FreezeFrame innovation: lime, lemon, asparagus, lettuce, basil, coriander/cilantro and parsley. According to Givaudan, this new freshness technology revitalizes convenience foods by making dishes taste like they were prepared just moments earlier. A second phase is already under development and will be available later this year. 

US: Yogurt maker recalls soy product amid milk allergen labeling problem

18 Oct 2017 --- Organic yogurt maker, Stonyfield, is voluntarily recalling a specific code date of its O'Soy Strawberry soy yogurt because it may contain an undeclared milk allergen. People with an allergy or severe sensitivity to milk run the risk of serious or life-threatening allergic reaction if they consume this product. 

Ajinomoto buys majority stake in Spanish agro-business

18 Oct 2017 --- Japanese food and chemical corporation Ajinomoto has acquired the majority shares of a Spanish agro-business, expanding its profile in Europe.

Ornua seeks graduates to bring the taste of Irish dairy to the world

18 Oct 2017 --- Ornua, the owner of Ireland’s iconic dairy brand, Kerrygold, is looking for graduates to join their team at the home of Irish dairy. Ornua’s industry-leading graduate programme is open for applications until October 19th, 2017. With opportunities across the business, from Information and Communication Technology to HR and Sales and Marketing to Supply Chain Management and more, Ornua is looking for a new group of graduates to help bring the unique taste of Irish dairy to customers across the globe. 

Superfoods: (Part 1) The evolution of nutrient-rich food for health-conscious consumers

17 Oct 2017 --- Superfoods can be classified as foods that are superior in terms of their nutritional value or nutrient-rich food considered to be especially beneficial for health and well-being. Even small portions of some superfoods can supply an abundance of vitamins, minerals, proteins, antioxidants and more. Many superfoods contain extraordinary characteristics that can have a variety of health benefits from boosting immunity, treating illness/disease, reducing blood pressure, cutting sugar intake, lowering cholesterol and more.

Hershey eyes Nestle's US confectionery business as potential bidders line up

17 Oct 2017 --- Four months after Nestlé began to explore options for its US confectionery business, including a potential sale, the company is drawing interest from a range of possible buyers including Hershey’s, which is reportedly preparing a bid. According to US media reports, the chocolate giant is expected to compete against other companies and private equity firms and the first-round bids for the Nestlé business are due later this week. 

UCL study urges European Commission to block Bayer Monsanto merger

17 Oct 2017 --- The so-called mega-merger planned between seed giants Bayer and US-based Monsanto should be blocked under EU competition law, according to a major new study from University College London. Released yesterday (October 16), on World Food Day, the authors of the report claim that the European Commission should be obliged to block the merger, which is currently under an in-depth investigation, even on a narrow reading of EU competition law.

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