WORLD NEWS
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Yili becomes Asia’s first dairy to exceed US$14.85B in turnover, remains among global top five dairy giants: Rabobank
NETHERLANDS – Chinese dairy giant Yili Group remains among the global top five dairy companies with a turnover of US$18.2 billion while also firmly holding…
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Italy bans Nutri-Score, claims labelling system could be construed as misleading
ITALY – The Nutri-Score, also known as the 5-Colour Nutrition label or 5-CNL, has received another blow in Europe with Italian authorities banning its in…
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ADM joins forces with New Culture to scale up alternative dairy products production and marketing
US – American multinational food processing and commodities trading corporation, Archer-Daniels-Midland (ADM), has formed a strategic partnership with New Culture to accelerate the development and…
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Armenia’s ice cream company Pink Berry receives EBRD support to streamline operations amid growth
ARMENIA – Pink Berry, a specialty soft serve and packaged ice cream brand in Armenia, has received support from European Bank for Reconstruction and Development…
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Bunge, BP to sell Brazil ethanol, Sugar joint venture
BRAZIL— British oil major BP and U.S. Agribusiness giant, Bunge Limited have put their Brazilian sugar and ethanol joint venture BP Bunge Bioenergia up for…