WORLD NEWS
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High cost of inputs, uncertain climatic conditions dim hopes for lower food prices in 2022
GLOBAL – Consumers are expected to continue to pay more for food items in 2022 as the high cost of inputs, uncertain climatic conditions, and…
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Finlays scales down operations in Sri Lanka with sale of tea estates to Brown Investments
SRI LANKA – Finlays, a leading tea, coffee, and botanical extracts supplier, is scaling down its operations in Sri Lanka with the sale of its tea…
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Fast food giants Burger King, KFC ramp up plant-based offerings as demand surges
USA – Fast food giants Burger King and KFC are expanding their meat-free menus to meet a surging demand for plant-based food options. To keep…
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SIG to acquire Evergreen’s fresh carton business in Asia Pacific for $335m
ASIA – Aseptic packaging supplier SIG has agreed to acquire Pactiv Evergreen‘s Asia Pacific fresh operations for an enterprise value of US$335 million. The business…
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Puratos promotes long serving executive to CEO as Niacet Chief bows out
BELGIUM – Bakery ingredients supplier Puratos has promoted its long-serving executive Pierre Tossut to the role of CEO effective January 1, 2022. Tossut, who…