Output of key food commodities “on course for new records” – FAO
The global production of core agricultural commodities, including rice, maize, sorghum and oilseeds, are expected to reach “record levels”, according …
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Calavo Growers attracts takeover interest from unnamed party
Calavo Growers, the Nasdaq-listed fresh produce business, has received a takeover approach from an unidentified suitor. The Santa Paula, California-based supplier …
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Croatia’s Žito Group takes majority stake in pork peer MI Ravlić
Croatia's Žito Group has acquired a majority interest in local meat peer MI Ravlić. Žito Group, which operates out of the …
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Sweet snacks leave bitter taste at JM Smucker
JM Smucker’s eye-catching move for Twinkies owner Hostess Brands in 2023 divided opinion, with some concerns on Wall Street about …
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PepsiCo stops production at another Frito-Lay site
PepsiCo has halted production at a Frito-Lay processing plant in southern California after five decades of operations. In a brief statement, …
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NFU calls out major UK supermarkets over shift to imported beef
The UK's National Farmers' Union (NFU) has taken aim at major grocers in the country over their sourcing of beef …
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UNFI cyberattack: wholesaler “still shipping” to customers, CEO says
United Natural Foods continues to ship to customers as the US grocery wholesaler and retailer responds to the cyberattack that …
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Olymel invests in Canada plant expansion but closes two others
Canadian pork and poultry producer Olymel is expanding its La Fernandière plant in Trois-Rivières, Quebec, with a C$142m ($103.7m) investment. Construction …
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Del Monte Foods to close Washington fruit factory
Del Monte Foods is closing a facility in Washington state this summer as the US fruit and vegetable business tries …
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US sausage maker Johnsonville closes packing site
Johnsonville, the family-owned US sausage maker, has shut down its processing plant in Momence, Illinois. The closure will impact 274 jobs …
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Stop hiring humans? Business leaders face AI labour arbitrage
Advertising almost always appeals to the aspirational. But AI platform, Artisan.co, has bucked this convention by plastering fear all over …
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JM Smucker outlines snacks strategy after fresh impairments
JM Smucker is "narrowing our priorities" for its sweet snacks division after the Twinkies maker booked another set of impairments …
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“We are profitable” – Planet Farms’ CEO Daniele Benatoff digs into vertical farming pitfalls and evolution of the industry
Planet Farms is not your typical vertical-farming business growing microgreens, salad leaves and herbs in a controlled indoor environment. The Italy-based …
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Family Biscuits snaps up Spanish peer Natural Biscuits
Spain’s Family Biscuits has struck a deal to buy local peer Natural Biscuits to increase manufacturing capacity and support product …
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Food- and drink-tech VC deals slide – research
Venture-capital deals in food-tech are likely to decline sharply this year in both value and transaction terms, Pitchbook research has …
