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Latest News in the food Industry

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Ingredion reports flat sales for 2Q, but 1H sales up 3%

Ingredion reports flat sales for 2Q, but 1H sales up 3%

7 Aug 2017

Ingredion has reported results for the second quarter 2017. Second quarter sales were broadly flat at $1,457 million, while year-to-date sales were 3% up at $2.910 million.

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Mondelēz replaces Irene Rosenfeld with former McCain Foods CEO

Mondelēz replaces Irene Rosenfeld with former McCain Foods CEO

7 Aug 2017

Mondelēz International has chosen Dirk Van de Put, current President and CEO of McCain Foods, to succeed Irene Rosenfeld as CEO as she steps down effective November 2017.

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Campden BRI seminar to focus on integral aspects of sensory branding

Campden BRI seminar to focus on integral aspects of sensory branding

4 Aug 2017

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Sweet Green Fields gets Non-GMO Project verification for 28 stevia ingredients

Sweet Green Fields gets Non-GMO Project verification for 28 stevia ingredients

4 Aug 2017

Sweet Green Fields (SGF) has achieved Non-GMO Project verification for 28 of its stevia ingredients, making it, according to the company, the largest producer of Non-GMO Project Verified stevia ingredients.

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Otsuka to acquire Canadian plant-based food company

Otsuka to acquire Canadian plant-based food company

4 Aug 2017

Holistic healthcare company Otsuka Pharmaceutical is to acquire 100% of Daiya Foods, a privately held Vancouver, Canada-based company specialising in the manufacture of plant-based foods.

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Impossible Foods secures $75 million investment for plant-based meat

Impossible Foods secures $75 million investment for plant-based meat

3 Aug 2017

Impossible Foods has closed a $75 million investment after achieving significant milestones in intellectual property and food safety. The lead investor in the round is Singapore-based investment company Temasek.

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Corbion bids $20 million to acquire TerraVia assets

Corbion bids $20 million to acquire TerraVia assets

3 Aug 2017

Corbion has entered into a "stalking horse" stock and asset purchase agreement with TerraVia, a company with a platform centred on microalgae, offering a cash purchase price of approximately $20 million.

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Mintel: flavoured milk market in India doubles in four years

Mintel: flavoured milk market in India doubles in four years

3 Aug 2017

New research from market intelligence agency Mintel reveals that flavoured milk products accounted for 43% of dairy drink introductions in India in 2016, up from just 20% in 2012.

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SweeGen, Ingredion announce commercialisation of BESTEVIA Reb D

SweeGen, Ingredion announce commercialisation of BESTEVIA Reb D

2 Aug 2017

SweeGen and Ingredion have announced a new addition to the line of stevia leaf sweeteners with the commercialisation of BESTEVIA Reb D as another option for sugar reduction in foods and beverages.

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Nestlé reports organic growth of 2.3% but sales down 0.3%

Nestlé reports organic growth of 2.3% but sales down 0.3%

2 Aug 2017

Nestlé has reported half-year results for 2017. Organic growth was 2.3%, with 1.4% real internal growth (RIG) and 0.9% pricing, but total reported sales were CHF 43.0 billion, down 0.3%.

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Campbell partners with Foodworks to support food innovators

Campbell partners with Foodworks to support food innovators

2 Aug 2017

Campbell Soup has announced a partnership with Foodworks Brooklyn designed to assist up-and-coming food innovators with a passion for real food.

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Scientists find direct link between calcium and cholesterol

Scientists find direct link between calcium and cholesterol

1 Aug 2017

Scientists at the University of Alberta and McGill University have discovered a direct link between calcium and cholesterol, a discovery that could pave the way for new ways of treating high blood cholesterol.

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