WORLD NEWS
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New Zealand’s milk production to fall in 2022 as weather patterns normalize
NEW ZEALAND – New Zealand’s milk production is forecast to drop 0.5% in 2022 as the industry returns to more normal production trends after the exceptional…
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Vita Coco attracts US$20M investment ahead of planned IPO
US – Coconut water brand Vita Coco has attracted a US$20 million investment from an entity affiliated with Keurig Dr Pepper. The investment was…
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Bunge to sell Mexico mills to Grupo Trimex as part of portfolio optimization strategy
MEXICO – American agribusiness and food company Bunge has agreed to sell seven Mexican wheat flour mills to Mexico’s largest flour miller Grupo Trimex. World…
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Allplants raises US$52m series B funds to boost capacity amid surging demand for plant based foods
UK – Allplants, a direct-to-consumer plant-based meals firm, has secured a £38m (US$52.41m) Series B funding round led by Draper Esprit to fuel its expansion and recruitment…
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Tata Coffee Q2 net profit rises 26.55% driven by value-added businesses
INDIA – Tata Coffee’s value-added business has yet again delivered top-line growth for the business, pushing quarterly profits 25.55% higher during the quarter ending September…