WORLD NEWS
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Universal Robina expands international snack portfolio with acquisition of Munchy Food Industries
MALAYSIA – Philippines-based food and beverage company, Universal Robina Corporation (URC) is set to have an expanded international product portfolio with the acquisition of Munchy Food…
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DSM acquires Vestkorn Milling to accelerate growth in plant-based protein market
NORWAY – Dutch multinational health and nutrition company DSM has agreed to acquire Norwegian company Vestkorn Milling for an enterprise value of €65 million. The acquisition is expected to help…
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Thailand to record bumper rice harvest in 2022 despite flooding
THAILAND – Rice production in Thailand is forecast to rise to 21 million metric tons despite flooding, according to a recent report by the United…
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Chile’s Avocado production up 57% on favorable weather conditions
CHILE – Chile will produce 220,000 MT of avocados in MY 2021/22 (July – June), a 57 percent increase over MY2020/21, according to data from the…
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Coffee production in South America, Asia drops as unfavorable conditions reign supreme
SOUTH AMERICA – The world coffee supply is set to tighten as production from the major coffee producers in the world falls due to unfavorable weather conditions. …