GLOBAL: Kellogg to close plants in Australia, Canada
Kellogg is to close plants in Australia and Canada as it embarks to lower costs and improve efficiency across its business.
US: WhiteWave Foods to buy organic group Earthbound Farm
WhiteWave Foods, the US business behind brands including Horizon Organic and Alpro, has struck a deal to buy local organic food group Earthbound Farm for around US$600m.
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US: Acquisitive Post Holdings strikes two more deals
Post Holdings, the US breakfast cereal group, has made two more acquisitions, its latest moves to expand the business through M&A.
UK: Food sector “too vulnerable” to fraud, says government-backed review
The UK food industry is “too vulnerable” to fraud and work is needed to tackle “food crime”, the head of a Government-backed review into the sector has warned.
NZ: Fonterra predicts profit drop
New Zealand dairy giant Fonterra has forecast a near-50% drop in full year operating profit as its processing capabilities struggle to keep up with surging global demand for milk powder.
EXCLUSIVE: UK/INDIA: India customs delays “utter nonsense” – UK Food Secretary
A move from Indian customs officials to hold containers of food being imported into the country at the docks is “utter nonsense”, according to UK Food Secretary Owen Paterson.
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By GlobalDataComment: More NPD will not get US gum out of sticky spot
US gum sales have been in decline since 2010. The category is failing to attract what were once its key consumer group – young people. Mondelez International’s move to extend its Sour Patch Kids brand into gum, teaming it with Stride, is a clear attempt to reach out to this demographic. However, Katy Askew is dubious about whether this will result in long-term sales lift.
Consuming issues: Why Wilmar palm oil move is good news
The upbeat response to the most recent announcement concerning the sustainability of palm oil owes little to such cultural pre-programming or seasonal hyperbole. The commitment to the sustainable production and sourcing of palm oil made by Wilmar International is, quite simply, extremely good news.
UK: Gluten-free firm Dr Schar to step up NPD in 2014
Gluten-free firm Dr Schar has set out plans for a “five-fold increase” in product launches in the UK in 2014.
