Al Safi Danone investment will reduce Iraq's dairy import reliance: IFC
The International Finance Corporation (IFC) plans to invest up to US$18m in a subsidiary of Al Safi Danone to reduce Iraq's reliance on dairy imports.
Archives for April 20, 2015
Organic, renewable…and disruptive: Welcome to the third industrial revolution
We are entering a new economic paradigm based on clean energy and organic agriculture, says American economist and social theorist Jeremy Rifkin.
Tate & Lyle exits European venture and shuts sucralose plant
Tate & Lyle has announced a restructuring that will see it make changes to its struggling Splenda sucralose business and exit most of its European Bulk Ingredients business.
Lebanese crops spoil as fighting closes Gulf land route
Lebanese farmers are facing financial disaster following the closure of the main land route to Saudi Arabia and the Gulf, after Syrian rebels seized the Nasib border crossing with Jordan.
Oman Refreshment Co triples bottling capacity
PepsiCo franchisee Oman Refreshment Co (ORC) has more than tripled its bottling production capacity to cope with growing demand for soft drinks.
EU likely to resist China WTO case over poultry imports
The European Commission looks set to resist a World Trade Organisation (WTO) dispute over European Union (EU) poultry product tariffs brought by the Chinese government.
Saudi’s Brazilian beef ban to be lifted after final visit
Saudi Arabia prepares to lift its ban on Brazilian beef, as Saudi and Brazilian trade officials are working to ease food import procedures with a series of new agreements.
Food and human nutrition expert: 'We can learn from the US and Denmark'
Whole grain struggle: One-fifth of UK consumers don’t eat any
The UK needs more whole grain products and daily intake recommendations to drive consumption up to healthy levels, says an expert.
Silver Fern launches high-end chilled red meat in Qatar and KSA
Silver Fern Farms is rolling out its high-end chilled New Zealand beef and lamb ranges to Qatar and Saudi Arabia, citing growing consumer demand for premium, natural meat products.
Front-of-pack labels are equally effective - but none works alone
Front-of-pack labelling can be useful but health policy-makers are naïve if they think that this alone will result in healthier food choices, say researchers - environment, motivation and psychology must be actively influenced too.
‘Critical shortage’ of meat inspectors, claims union
A Canadian union has claimed meat and slaughter sites in Quebec are operating with fewer inspectors than required to ensure compliance with safety requirements.
UK’s Birds Eye brand Iglo sold for €2.6bn
Europe’s largest frozen foods business Iglo Group has been bought by a pair of US investors for €2.6bn, at 2.4 times return on the original investment made by parent company Permira.
Safety app targets worker engagement
Safety software has traditionally been developed for the employer and it can be a battle to get worker engagement, according to the creator of an app.
Yemen food security crisis deepens as crops and infrastructure fail
Yemen’s food security is under severe threat from the current conflict, with silos hit, crops failing, and supply chains disrupted, leaving nearly half the population without secure food supplies.
Almarai Q1 profit soars as Savola issues warning
Saudi food producers are seeing mixed first quarter results, as Almarai announced 12% Q1 growth, while the Savola Group cut its quarterly profit forecast by half.