WORLD NEWS
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European soft drinks sector surpasses EU target for reduction in added sugars: UNESDA
EUROPE – The European soft drinks sector has surpassed the EU target for reduction in added sugar, restoring confidence that efforts to cut the amount…
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FDA to develop a new framework to prevent future shortage of infant formula
US – Food and Drug Administration (FDA) is developing a new framework to give foreign baby formula manufacturers long-term access to the US market as…
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Grain Processing Corporation acquires Natural Products Incorporated
USA — Grain Processing Corporation (GPC), a member of KENT Corporation, completed its purchase of the Natural Products Inc. (NPI) business. NPI makes full-fat soy…
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Russia wheat production forecast higher on improved spring wheat harvest outlook
RUSSIA — Russia’s 2022 wheat production forecast has been raised to 90 million tons of wheat, on an improved outlook for the spring wheat harvest,…
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Mexican beverage giant Femsa to make entry into Europe through acquisition of Valora
SWITZERLAND – Fomento Económico Mexicano (Femsa), a Mexican multinational beverage and retail company, has offered a CHF1.1 billion (US$1.15 billion) cash in an acquisition deal…