Emerging markets

Leading the charge – the companies at the cutting edge of cell-based protein

The race is on to get cell-based protein products – meat, seafood, dairy and pet-food – on to supermarket shelves…

Brazil’s BRF attracts share pledges from Saudi Arabia’s Salic and largest shareholder Marfrig

Saudi Arabia’s state agriculture fund has pledged to invest in future share offerings from Brazilian meat giant BRF. Still only…

Majority stake in Colombia’s Nutresa finally goes to billionaire Jamie Gilinski

Jamie Gilinski, the Colombian billionaire and banker, is set to become the largest shareholder in Grupo Nutresa. Gilinski has been…

Partner Pet joins L Catterton’s pet-food investment roster in China

Partner Pet has become the second pet-food investment in China for private-equity firm L Catterton following a cash injection to…

South Africa’s Astral Foods apportions blame for profit warning on energy, water supply disruptions

South Africa’s Astral Foods has issued a profit warning as the poultry processor blamed power disruptions for exacerbating already high…

China’s food industry enters uncertain 2023 amid end to zero-Covid policy

Until social unrest in November forced China’s Communist Party to abandon its tough Covid-19 controls, the country’s packaged food industry…

Minerva to buy Breeders and Packers Uruguay from Japan’s NH Foods

Brazilian meat processor Minerva is to acquire Uruguayan peer Breeders and Packers Uruguay from Japan’s Nippon Ham Foods Group (NH…

Abu Dhabi’s IHC fails in bid to take large stake in Colombia’s Nutresa

An offer by Abu Dhabi’s International Holding Company (IHC) for a significant stake in Colombian food group Grupo Nutresa has…

Fonterra sells Chile unit Soprole to Peru’s Gloria Foods

Fonterra has sold its Chile dairy assets to Peru’s Gloria Foods for CLP591.07bn (US$641m). The group, owned by 10,000 New…

Ukraine-Russia deal over “vital supply line” in Black Sea extended until March

Ukraine’s grain trade corridor in the Black Sea has been extended for 120 days, the UN announced today. The deal,…