June 2009 Entries
June 30, 2009 – PepsiCo India has decided to invest another $110 million taking the total annual investment in 2009 to $220 million. This will go into bottling capacity, marketplace infrastructure investment, innovation and R&D and sustainability projects.
Read full article [FoodBizDaily]
posted @ Tuesday, June 30, 2009 11:46 AM |
June 30 2009 - Coca-Cola has contracted US$ 31.67 million with Jain Irrigation Systems, a leading Indian mango pulp producing company, to supply mango pulp to Coca-Cola factories located in India and abroad for the 2009-2010 seasons. This is increase of more than 85% compared to last season. This product will be produced in the current mango season but dispatched over next year or so.
Read full artice [FoodBizDaily]
posted @ Tuesday, June 30, 2009 11:19 AM |
June 30 2009 - BRUSSELS (Dow Jones)--The European Commission Tuesday cleared Brazilian food company Perdigao SA (PDA) to merge with Brazilian rival Sadia SA (SDA). The merger will create a jointly-owned company to be called Brasil Foods.
Read more [FoodBizDaily]
posted @ Tuesday, June 30, 2009 10:33 AM |
June 29 2009 - Starbucks Coffee Company , Fair Trade Foundation and Fairtrade Labelling Organisations International (FLO) yeaterday met with farmers at Dukunde Kawa, a cooperative that cultivates high-quality coffee in central Rwanda.The gathering was two fold, first for Starbucks and Fairtrade to listen and learn from farmers’ experiences and secondly, to share details around the new Small Farmer Support Initiative (SFSI) which was jointly introduced in April 2009.
Read more [FoodBizDaily]
posted @ Monday, June 29, 2009 11:00 AM |
June 26 2009 - PepsiCo ,one of the world's largest food and beverage companies, opened its first overseas "green" plant in China today in the western city of Chongqing as it reiterated plans to invest $1 billion in the country. The state-of-the-art beverage facility is important to the company's ongoing strategy to expand in emerging markets and broaden its portfolio of locally relevant products.
Read more [FoodBizDaily]
posted @ Friday, June 26, 2009 12:18 PM |
June 26 2009 - M&S food supplier Uniq has announced the sale of its French business as it took a major step towards refocusing on its loss-making UK operation. The proposed sale of Marie, a manufacturer of chilled and frozen convenience foods with six sites in France, will raise 73 million euros (£62 million).
Read more [FoodBizDaily]
posted @ Friday, June 26, 2009 9:27 AM |
June 25 2009 - Anheuser-Busch InBev NV is studying the idea of consolidating its network of independent U.S. beer distributors, perhaps by owning many more distributors itself, according to an analyst report that represents a potential blow for the beer titan's roughly 600 distributors.
Read more [FoodBizDaily]
posted @ Thursday, June 25, 2009 1:03 PM |
June 25, 2009 – Simbhaoli Sugars Limited, a leading sugar manufacturer in India, has contracted 1, 12,000 tons of raw sugar from Brazil for processing and sells in the domestic market.
Simbhaoli has already imported 20,000 tons of raw sugar and started refining the imported sugar to meet the domestic needs.
Read full article [FoodBizDaily]
posted @ Thursday, June 25, 2009 10:43 AM |
June 24 2009 - PepsiCo (NYSE: PEP) , one of the world's largest food and beverage companies, announced today that it will form a strategic alliance with Calbee Foods Company to jointly produce and sell a wide range of food products in Japan, such as potato chips, vegetable snacks, breakfast cereal and prawn crackers.
Read full article [FoodBizDaily]
posted @ Wednesday, June 24, 2009 10:57 AM |
June 24 2009 - The Coca-Cola Company and its bottling partner, COFCO Coca-Cola Beverages Ltd., continued their expansion in China with the opening of two new bottling facilities this week in less developed central and western China. The new facilities are part of a recently announced USD 2 billion 3 year investment plan aimed at bolstering further growth in one of the world’s largest and fastest growing beverage markets.
Read full article [FoodBizDaily]
posted @ Wednesday, June 24, 2009 9:51 AM |
June 23 2009 - Danone said on Tuesday it had raised 3.05 billion euros ($4.23 billion) in its first capital increase in 22 years, as the French food group aims to cut debt and buy smaller rivals hurt by the financial crisis.
Read more [FoodBizDaily]
posted @ Tuesday, June 23, 2009 11:46 AM |
June 22 2009 - In Brazil, the Ministry of Justice through its Administrative Council for Economic Defense (CADE) ruled the withdrawal of Coca-Cola Brazil from the partnership with Nestle which holds the line of ready teas NESTEA in the country. The decision is part of an agreement between Coca-Cola and CADE related to the purchase of Leão Junior, RTD manufacturer in 2007.
Read full article [FoodBizDaily]
posted @ Monday, June 22, 2009 10:43 AM |
June 19 2009 - La Sereníssima, the main dairy industry in Argentina and controler of Mastellone Bros SA, confirmed that it started a negotiation with French Danone, as reported by La Nacion newspaper. Through a communication with the National Commission of Values, the company reported on negotiations with the world leading group on fresh dairy.
Read full article [FoodBizDaily]
posted @ Friday, June 19, 2009 11:27 AM |
June 19 2009 - In its third day of visit in Russia, the Chilean delegation formed by authorities of the Ministry of Agriculture, ASOEX and FEDEFRUTA participated in the promotional launch of the Chilean fruit in the Russian market as part of the activities planned for this week in Moscow and St. Petersburg.
Read full article [FoodBizDaily]
posted @ Friday, June 19, 2009 10:20 AM |
June 18 2009 – The Coca-Cola Brazil announced Tuesday the fusion of its ready-to-drink juices under the flagship of the Del Valle brand. From now on, Minute Maid and Kapo will be known by Del Valle Mais and Del Valle Kapo. The company also created the Del Valle Frut, intended for youth consumers.
Read full article [FoodBizDaily]
posted @ Thursday, June 18, 2009 10:24 AM |
June 18, 2009 – India has extended the ban on import of milk products from China for another six months in order to ward off anythreat of contaminated milk products which had caused deaths of infants and made several thousands ill. The ban was to expire on June 24.
Read full article [FoodBizDaily]
posted @ Thursday, June 18, 2009 9:07 AM |
June 17 2009 - Nestle Products Sdn Bhd's sales of beverages and coffee is encouraging, despite the economic slowdown. Products like Nescafe especially, offer value for money, said its business executive manager for coffee and beverages (Malaysia/Singapore), Don Howat.
Read more [FoodBizDaily]
posted @ Wednesday, June 17, 2009 9:59 AM |
June 16 2009 - After losing ¥10 billion (approximately US$100 million) on derivative contracts, the Brazilian subsidiary of Ajinomoto is now announcing that it wants to double the profits in its retail products division. The goal applies for the next five years.
Read full article [FoodBizDaily]
posted @ Tuesday, June 16, 2009 5:53 PM |
June 16 2009 - "Within five years, Brazil should become the largest consumer of coffee in the world, surpassing the United States”, declares optimistically Andréa Illy, President of Illy, speaking in a flawless Portuguese. " I learned the language with a teacher in São Paulo, so I could communicate better with 1,500 Brazilian coffee producers who work for us," says the Italian from Trieste. The average annual growth in Brazil according to Illy’s earnings, has been 6%, against 2% worldwide.
Read more [FoodBizDaily]
posted @ Tuesday, June 16, 2009 3:41 PM |
June 16, 2009 – The Confederation of Indian Alcoholic Beverage Companies (CIABC), the Apex Body of the Indian Alcoholic Beverage Industry, has requested Ministry of Food Processing Industry (MoFPI), Government of India, to update the Model Excise Policy which contains policy, taxation, act and rules for alcoholic beverages and alcohol.
Read full article [FoodBizDaily]
posted @ Tuesday, June 16, 2009 12:37 PM |
June 16 2009 - Heineken NV, the world's third-largest brewer, is in talks to build a barley-malting plant at its new brewery in South Africa and a deal is expected soon, a company official said on Tuesday. Peralt van der Merwe, Heineken's director for business and legal affairs, said the company was negotiating with "a major corporation" to build the facility. He declined to name the party.
Read more [FoodBizDaily]
posted @ Tuesday, June 16, 2009 11:19 AM |
June 15, 2009 - Vandemoortele, N.V., Belgium’s largest privately-held food company, and Dean Foods Company today announced an agreement for Dean Foods Company to acquire Vandemoortele’s Alpro Division. The transaction’s price is approximately €325 million. It is expected to be completed in the third quarter.
Read More [FoodBizDaily]
posted @ Monday, June 15, 2009 2:19 PM |
June 15 2009 - The Belgo-Brazilian beer company Inbev, a unit of global beverage giant Anheuser-Busch Inbev, is seeking to sell its 11 breweries in central and eastern Europe, including the Borsod Brewery in Bocs (NE Hungary), the daily Nepszabadsag reported on Monday.
Read More [FoodBizDaily]
posted @ Monday, June 15, 2009 2:00 PM |
June 15, 2009 – In order to capture Indian food market PepsiCo India is planning to launch indigenous food products. Sanjeev Chadha, Chairman CEO, PepsiCo India, said, “Our focus will be more on developing indigenous products rather than getting products from our global portfolio into India”.
Read full article [FoodBizDaily]
posted @ Monday, June 15, 2009 11:04 AM |
June 15, 2009 – In order to increase the availability of sugar in the domestic market the Government of India is likely to extend the duty free import of white sugar till October this year.
Last April the Government of India had allowed Public Sector Units (PSUs) to import up to 1 million tons of duty-free white sugar and also permitted private sector units to import duty-free raw sugar under open general license (OGL) till August 1, 2009.
Read full article [FoodBizDaily]
posted @ Monday, June 15, 2009 9:36 AM |
13 June 2009 - Speaking at a media conference at the end of his tour of South East Asia which took him to Thailand, Vietnam, Malaysia, Indonesia and Singapore, Nestlé CEO Paul Bulcke said that the Company will continue to invest in the region and expand its business and manufacturing facilities there.
Read full article [FoodBizDaily]
posted @ Saturday, June 13, 2009 11:19 AM |
June 12 2009 - Danone has barely released its new yogurt Actimel in the Brazilian market and the product has already created controversy.
The National Health Surveillance Agency (Anvisa) determined “as a precautionary measure of sanitary concern” the suspension and recall throughout the national territory of all yogurt advertisements made through print, internet or any other means of disclosure. According to the resolution published on June 2nd, Danone cannot disclosure advertising material that “credits the product with functional properties” since the beverage, as per Anvisa, “does not have suitable authorization from that health surveillance agency in order to be advertising...
posted @ Friday, June 12, 2009 12:27 PM |
June 12, 2009 – Lotte India Corporation Limited, subsidiary of South Korean Multinational giant Lotte Confectionery Limited, has decided to invest Rs. 200 crore ( aprox. U$ 42 million ) for setting up a greenfield confectionery plant in Tamil Nadu, the southern state of India.
Read full article [FoodBizDaily]
posted @ Friday, June 12, 2009 10:50 AM |
June 11 2009 - Exports of Brazilian pork meat in May reached 51.76 thousand tons in volume with revenue of US$102.58 million. For Pedro de Camargo Neto, president of the Brazilian Industry Association of Pork Meat Production and Exports (Abipecs), even though the volume exported was less than the same period of 2008, numbers allow a forecasting of better overall results than last year.
Read full article [FoodBizDaily]
posted @ Thursday, June 11, 2009 11:10 AM |
June 11, 2009 – India’s Spices export has reached 470,520 tons valued at $ 11.68 billion in 2008-09 as against 444,250 tons valued at $11.01 billion in 2007-08. According to VJ Kurien, Chairman, Spices Board, the spice exports in 2008-09 was all-time high both in terms of volume and value. Compared with last year, the export had shown an increase of 19% in rupee value and 6% in dollar terms.
Read full article [FoodBizDaily]
posted @ Thursday, June 11, 2009 10:23 AM |
June 10 2009 - One of the strategies of the Brazilian producers to reduce production costs in the next harvest will be to exchange grains for fertilizers , bartering directly with Russian producers and also the direct purchase of the product, avoiding the interference of intermediaries.
Read full article [FoodBizDaily]
posted @ Wednesday, June 10, 2009 5:50 PM |
June 10 2009 - Brussels - The European Union (EU) is coming to the rescue of Olive Oil producers in the Mediterranean region by subsidizing the costs of local warehousing of the product, a procedure viewed as a reaction to the extended fall of the prices for the commodity in the continent.
Read full article [FoodBizDaily]
posted @ Wednesday, June 10, 2009 2:37 PM |
June 10 2009 -Diageo, one of the the world’s leading premium drinks business, and Grand Marnier on June 9 announced that they have reached an exclusive agreement for Diageo to distribute and market the Grand Marnier liqueurs range in 61 markets across Western and Eastern Europe, Russia and former CIS countries, as well as duty-free.
Read more [FoodBizDaily]
posted @ Wednesday, June 10, 2009 12:02 PM |
June 10, 2009 – India’s tea exports has declined to 11.36 million kilograms in April, 2009 from 11.89 million kilograms in April, 2008, according to Tea Board of India. Tea production in the country has dropped to 62.6 million kilograms in April, 2009 from 80 million kilograms in April, 2008.
Read full article [FoodBizDaily]
posted @ Wednesday, June 10, 2009 9:24 AM |
June 9, 2009 - India’s vegetable oils for first six months of the oil year 2008-09 shows an unusual increase by 64% to 4,292,088 tons from 2,611,829 tons for the same period of last year. Import during April, 2009 became double and is reported at 699,396 tons compared to 347,332 tons for April, 2008.
Read full article [FoodBizDaily]
posted @ Tuesday, June 09, 2009 11:13 AM |
June 09 2009 - In order to check food quality in the country the Food Safety and Standards Authority of India (FSSAI) has constituted a fourteen member Scientific Committee and established Scientific Panels for providing scientific opinions to the Food Authority.
Read full article [FoodBizDaily]
posted @ Tuesday, June 09, 2009 10:51 AM |
June 08 2009 - For quite some time Makro ranked at the top as one of the largest wine sellers in Brazil but lost its place during the 90’s - a time where the wholesale club chain set the beverage market aside and concentrated in other segments like the food market.
Read full article [FoodBizDaily]
posted @ Monday, June 08, 2009 2:49 PM |
June 8, 2009 – French food major M/s Groupe Danone SA, Paris will soon enter into the food processing industry in India by incorporating a Company entity in the country. The company will invest in the food sector, beverage sector, biscuits and cereal sector, dairy sector, baby food sector and medical nutrition sector.
Read full article [FoodBizDaily]
posted @ Monday, June 08, 2009 11:33 AM |
June 8, 2009 – India’s food processing industry has demanded 100% tax breaks in Research and Development (R&D) sector in the country. Mr. Sunil Duggal, Director of Corporate Affairs, PepsiCo India has said that the industry had called for 100 per cent tax-breaks for investments in R&D in food processing.
Read full article [FoodBizDaily]
posted @ Monday, June 08, 2009 10:27 AM |
June 5 2009 - Brazilian wheat mills are planning to open an antidumping process against Argentinean wheat manufacturers according to a source from the sector that would rather not be named. At this moment, Abitrigo, the entity that represents the Brazilian mills is about to hire specialized lawyers to take care of the subject and intents to begin a process by the end of this month accusing the Argentinean manufacturers of disloyal business that is damaging the Brazilian industry.
Read full article [FoodBizDaily]
posted @ Friday, June 05, 2009 5:48 PM |
June 5 2009 - Carlsberg India Private Limited, a wholly-owned subsidiary of Danish brewer Carlsberg, has announced expansion plans by setting up two breweries in the southern region of India as part the second phase of expansion in the country. The company will invest Rs 150 crore in the next financial year. “In the first phase, we built the foundation, and concentrated on increasing our footprint and portfolio which we are now consolidating,” said Mr Pradip Gidwani, Managing Director, Carlsberg
Read full article [FoodBizDaily]
posted @ Friday, June 05, 2009 2:14 PM |
June 5 2009 - India's grape exports to Europe has declined by 6% to 38,688 tons in 2009 season due to lower demand in the region. In 2008 season India had shipped 41,139 tons of grapes to its major export destinations in Europe. According to S Dave, Director, Agricultural and Processed Food Products Export Development Authority (APEDA), global slowdown has affected grapes export to Europe, which fell to 38,688 tons in the current season.
Read full article [FoodBizDaily]
posted @ Friday, June 05, 2009 11:22 AM |
June 4 2009 - India’s soy meal export is likely to remain below 70,000 tons for the last month, around 80% decline from 306,000 tons in May 2008.
According to Soybean Processors' Association of India (SOPA), India's soy meal exports fell sharply by more than 63 percent to 2, 22,876 tons in March, 2009 due to lower soybean availability. The total exports in the same period last year was 605,852 tons.
Read full article [FoodBizDaily]
posted @ Thursday, June 04, 2009 6:22 PM |
June 4 2009 - The Italian company Perfetti van Melle, manufacturer of candies Mentos and Fruitella is focusing on the northeast region of Brazil given that 13% of the company’s annual profit comes from that area.
The goal, according to country sales director Henrique Velozo is to increase this percentage to 23% by the end of 2010. For that, the company is launching cheaper versions of its products, called “singles” which simply means that the candy will be individually wrapped: one Mentos, one Fruitella candy at a time.
Read full article [FoodBizDaily]
posted @ Thursday, June 04, 2009 5:22 PM |
June 4 2009 - Frito-Lay India, the food division of PepsiCo India, today launched a new brand - Aliva, a product range developed in India especially for the Indian consumer. Aliva marks Frito-Lay India’s creation of a new baked savory cracker category – borrowing ingredients & textures from biscuits & flavorful experiences from namkeens.
Read full article [FoodBizDaily]
posted @ Thursday, June 04, 2009 11:53 AM |
June 4th 2009 – Despite India’s mango exports have recorded 60% growth in the first month of the current season the exporters are expected much lower growth in mango exports from the country in the current season as the production is estimated to have declined.
According to Agricultural and Processed Food Export Development Authority (APEDA), mango exports to the US stood at 31.7 tons in April, 2009 compared to around 20 tons in the corresponding month last year.
Read full article [FoodBizDaily]
posted @ Thursday, June 04, 2009 10:55 AM |
June 03 2009 - In view of large stockpiles of edible oil in the country, the government of India may impose custom duty on imported edible oil in the forth coming budget that will be placed in the Parliament in July, 2009.
“It is expected that the Finance Minister will impose custom duty on imported edible oil as the stock has surged in a large quantity,” a Member (who did not wish to mention his name), Central Organization for Oil Industry & Trade (COOIT), told FoodBizDaily.com here today.
Read more [FoodBizDaily]
posted @ Wednesday, June 03, 2009 4:31 PM |
June 3rd 2009 - India's seafood exports are down 1.4% in U.S. dollar terms to $1.71 billion between April 2008 and February 2009 compared to the same time in the previous fiscal year. The contribution of shrimp to the seafood export kitty dropped to 44% this year against 51.82% in 2007-08, recorded 9.7% decline. India exported 113,353 tons of frozen shrimp against 125,515 tons during the same period last year.
Read full article [FoodBizDaily]
posted @ Wednesday, June 03, 2009 11:23 AM |
June 3rd 2009 - In a statement issued today Dole Food Company, Inc. rejected a report from Nicaragua’s La Prensa from May 29 that said the company was ordered by a court judgment to pay compensation to 98 former banana farm workers in the country.
Read full article [FoodBizDaily]
posted @ Wednesday, June 03, 2009 10:30 AM |
June 2, 2009 - Barry Callebaut, manufacturer of high-quality cocoa and chocolate products, is negotiating with Spanish Natra S.A. the combination of their European Consumer chocolate businesses to create Europe's leading private label chocolate producer.
Read more [FoodBizDaily]
posted @ Tuesday, June 02, 2009 2:26 PM |
June 2nd 2009 - The growth rate of India's food processing sector would be brought up to a minimum of 20% from the current 14% within 100 days of the new United Progressive Alliance (UPA) government taking charge, Subodh Kant Sahai, Minister for Food Processing Industries (MoFPI), Government of India, said.
Read full article [FoodBizDaily]
posted @ Tuesday, June 02, 2009 10:03 AM |
June 1st 2009 - The Tea Board of India is planning to enter markets in South America and the Far East as part of its plans to enlarge the export basket. “We are looking at unusual markets such as Chile in South America, Syria and the Far East to boost exports”, said Basudeb Banerjee, Chairman, Tea Board of India. “The Board was even looking at China as a market for the country’s high quality black teas”, Mr. Banerjee added.
Read full article [FoodBizDaily]
posted @ Monday, June 01, 2009 6:15 PM |
June 1st 2009 - Feni, an alcoholic beverage produced in Goa, has been manufactured with local expertise for generations from cashew fruit is now protected under the Geographical Indication (GI) status. Feni is the first such alcoholic beverage in India to get the honor.
Read full article [FoodBizDaily]
posted @ Monday, June 01, 2009 3:49 PM |
June 1st 2009 - Food Safety and Standards Authority of India (FSSAI) will soon put in place a mechanism to scrutinize all imported foods to avoid the inflow of any products that do not conform to the Indian standards.
Dr P I Suvrathan, chairperson, FSSAI, said, "By 2010 we will have a reasonably good safety action plan to check the imported items. The present system of scrutinizing such items needs to be revamped drastically."
Read More [FoodBizDaily]
posted @ Monday, June 01, 2009 10:58 AM |
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