Savola sees rocky first half as it beats Q1 profit forecast
Savola Group beat its own first quarter forecasts, but still saw a like-for-like fall in profits, as it warned Q2 would also be weak.
Archives for May 3, 2015
KAEC signs up snacks and cold stores clients
Saudi Arabia’s King Abdullah Economic City has bagged two new food clients, with Malaysian snack maker Mamee and Saudi cold storage firm Abdullah Abbar and Sons planning facilities in the city.
Abu Dhabi cracks down on banned pesticides and unsafe food
The Abu Dhabi Food Control Authority (ADFCA) has seized 221kg of banned pesticides and other agricultural materials, along with 560kg of unsafe food, in a series of inspections.
Special edition: Authentic Tea Tastes
What’s next in tea? Functional claims, hot tea pods, and increased attention from Coca-Cola
Major soft drink players are turning their attention to tea as a focal point for innovation and volume growth, delegates at World Tea Expo will hear this week.
Australia
Unique meat plant waste system hailed as green vision of the future
A green energy initiative by the Japanese meat processor NH Foods at its Oakey Beef Exports plant in Australiahas been hailed as a “poster child” for food producers worldwide.
Manner explores ‘wafer country’ Indonesia for Asia launchpad
Austrian-based biscuit firm Josef Manner is considering marking its entry into Asia by entering Indonesia, where there is already an established wafer market.
Trident gum coming to China as category picks up, says Mondelēz
Mondelēz plans to launch its Trident brand in China as its gum business returns to growth after a long slump.
Brazilian exporters see mixed Middle East markets
Brazilian exporters have seen mixed results in the Middle East in Q1, with BRF’s regional revenues growing 15%, while Minerva Foods saw a sharp drop in export volumes.
Special edition: authentic tea tastes
What do scientists say about tea? Black tea and blood pressure; green tea and MRIs
Green tea could improve the quality of MRI scans, while black tea may decrease blood pressure, suggest scientists.
Saudi buys stake in Canadian Wheat Board in $200m deal
Saudi Arabia has bought a stake in Canada’s formerly state-owned wheat buying organisation, the Canadian Wheat Board (CWB), in a US$200m deal.
Special edition: authentic tea tastes
Ready-to-drink hybrid emerges in tea market, says Euromonitor
A new style of tea drink, which falls between ready-to-drink (RTD) tea and juice drinks is emerging in the tea market, according to Euromonitor.
GCC food consumption to hit 52m tonnes by 2019
GCC food consumption will outpace population increases to grow at 3.5% CAGR over the next four years, to reach 51.9m tonnes a year, according to Alpen Capital.
Nepal earthquake
Farming in critical state as planting season looms after earthquake
Millions of dollars are urgently needed to help disaster-struck Nepalese farmers resume preparations for the imminent rice sowing season, FAO has warned.