Trade & Markets Updates
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Global wine market faces decline, but millennials offer a promising future – IWSR
Despite falling wine consumption and an aging consumer base, opportunities exist to engage younger, adventurous drinkers willing to explore premium offerings.
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Nestle to close its Neuss processing plant due to declining volumes
This closure is driven by growing consumer price sensitivity and escalating costs.
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Jerry Hagedorn named as National Confectioners Association board chair
Hagedorn brings decades of experience in the confectionery industry, having served as Vice Chair of the NCA and led its Chocolate Council.
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South Korea’s main Muslim group, KMF, recognises cultivated meat as halal
The Korean Muslim Federation (KMF) has issued a fatwa allowing cultivated meat under several conditions to address the growing demand for Halal protein alternatives..
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West African nations seek illegal fishing solutions in regional meeting
Experts from ECOWAS countries have met in Côte d’Ivoire to address illegal, unreported, and unregulated (IUU) fishing. The discussions focus on cooperation, law harmonization, and strategies to protect fisheries.