Sugar & Confectionery
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Nestlé ceases production of Caramac as falling sales lead to closure of Fawdon facility
UK – Nestlé, the Swiss giant, has officially discontinued the production of its beloved caramel-based Caramac bars in the UK. This decision, driven by a…
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Zambia Sugar full year revenues rise to US$256M driven by higher prices and exports
ZAMBIA – Zambia Sugar, the largest sugar producer in Zambia, has announced a 14% growth in revenue for the year ended 31 August 2023 despite…
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Hershey quarter three earnings jump 30% boosted by higher candy prices
USA- Hershey, an American multinational company and one of the largest chocolate manufacturers in the world, has reported a 30% increase in net income for…
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Nigeria’s MABISCO Biscuit Company halts operations, seeks sale of production facility
NIGERIA – Mayor Biscuits Company Limited (MABISCO), a biscuit manufacturing company in Nigeria, has officially announced the shutdown of its operations and the intention to…
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Ofi flavour experts share top chocolate, confectionery, and bakery trends for the 2023 Halloween
UK – Flavour experts from olam food ingredients (ofi) have identified autumnal flavor pairings, plant-based and alternative confectionery, home baking, and novelty formats as some…