Qalaa sells off F&B assets in $10m deal
Egypt’s Qalaa Holdings has sold a mothballed cheese company and the Sudanese division of its sweets producer in deals totalling almost US$10m, the group announced this month.
News & Analysis on Food & Beverage Development & Technology
Egypt’s Qalaa Holdings has sold a mothballed cheese company and the Sudanese division of its sweets producer in deals totalling almost US$10m, the group announced this month.
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Egypt has made a U-turn on importing poultry after a backlash from domestic producers, as the government says cuts to the wheat production subsidy will not reduce production.
Revised guidelines to help poultry processors control Salmonella and Campylobacter in raw food products have been published by the US Department of Agriculture’s Food Safety and Inspection Service (USDA-FSIS).
Starlinger has won a US$5m contract to provide bag-making machinery to Salalah Mills’ new packaging project, as the miller aims to become Oman’s largest packaging producer.
Saudi Arabia will see US$8bn in new aquaculture investment according to the Ministry of Agriculture, while Kuwait’s fish market troubles continue as shrimp prices rise.
Brazilian food producers have closed more than US$9m in new export deals to the Middle East in the last two months, as Brazil’s trade body plans to exhibit at more Arab trade shows.
The Food and Drink Federation (FDF) has defended the industry’s “competitive salaries” with clear career progression against claims low wages could deter new recruits.
The meat industry has been warned to lobby to protect its interests among governments charged with implementing the international climate change treaty agreed in Paris last weekend.
Genes have a large part to play in sensitivity to the sweet taste, with research revealing the variation in response to the ‘sweet signal’ among children.
Farmers in Europe are suffering from a loss of confidence as real-term wages across Europe’s agriculture sector have fallen by 4.3% compared to 2014, with Germany registering the largest fall of any EU state.
Honeywell has completed the acquisition of the Seelze, Germany-based laboratory research chemicals business from Sigma-Aldrich.
Iranian consumers are eager for foreign food products, but international firms need to have a long-term mentality to succeed in Iran, according to food trade promotion firm PSDC.