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Bloomberg report: General Mills looks to sell Progresso, Hamburger Helper for $3B
22 Nov 2021
General Mills is considering selling two of its well-known brands — soup brand Progresso and the ready-to-eat meal brand Helper — for $3 billion, according to a report by Bloomberg News.
Read moreReport: Global wine production is down despite rising export demand
19 Nov 2021
Global wine production is forecast to hit near-record lows this year, according to the International Organisation of Vine and Wine (OIV). Production is 7% lower than the industry’s 20-year average and only slightly above the historically low production...
Read moreUN lauds ‘significant’ COP26 progress for agri-food sector but did it go far enough?
19 Nov 2021
UN Climate Change says ‘significant progress’ in making the farming sector more climate-resistant and climate-respectful was made at COP26 – but critics have slammed the absence of technologies such as cell-cultured meat from the sustainability agenda.
Read moreMondelez looks to replace sugar with ultrasonic "welding"
18 Nov 2021
Snack maker Mondelez International is testing Torr FoodTech’s sugar elimination technology, which allows manufacturers to omit added sugar and binders. Coined iWeld, Torr's technology combines ingredients with mechanical pressure and processes like ult...
Read moreJBS signs a deal with Royal DSM to cut cow methane emissions globally
17 Nov 2021
As part of the COP26 meeting, the world’s largest meatpacker, JBS, announced it has partnered with the Netherlands' Royal DSM to reduce the total amount of methane emissions emanating from JBS’s supply chain. This partnership will begin by first reduci...
Read moreCaju Love startup is making meat out of cashews
16 Nov 2021
Hawaiian startup Caju Love recently launched a vegan meat alternative made from cashew fruit. Typically, cashew fruit is considered a waste product in the nut and juice industry, so the company chose this fiber-filled fruit in an effort to create a zer...
Read moreImpossible Foods eyes $7B valuation for ‘inevitable’ IPO
15 Nov 2021
Plant-based protein titan Impossible Foods is reportedly looking to go public on the U.S. stock exchange through an IPO or SPAC listing, Forbes reported. Although there is currently no date set for the filing, the California company is in talks to rais...
Read moreYali Bio comes out of stealth mode to launch synthetic fat
12 Nov 2021
Lab-generated, synthetic fat startup Yali Bio is the latest company to raise funds to develop a plant-based alternative fat that mimics animal-derived options. While the company is still a nascent startup, it has already drummed up some institutional f...
Read moreIBM partners with McDonalds to automate drive thru orders
11 Nov 2021
Fast food chain McDonald's announced it is entering into a partnership with IBM to accelerate the development of artificial intelligence technology that will automate the restaurant's drive-thru lanes.
Read moreSource Brewing brews a tribute to Beastie Boys with an IPA beer
10 Nov 2021
New Jersey-based Source Brewing is paying tribute to the legendary 90s group from its home state with the re-release of Intergalactic Imperial IPA. As a limited release last year, Intergalactic was one of the brewery's most popular creations, selling o...
Read moreApplegate introduces a hot dog with regeneratively grown beef
9 Nov 2021
Hormel-owned Applegate Farms, which is known for its natural and organic meat offerings, released The Do Good Dog, a hot dog made from beef raised in a verified regenerative U.S. grasslands system.
Read moreCell-cultured dairy company maker TurtleTree closes $30M in Series A
8 Nov 2021
Singapore’s TurtleTree successfully closed a $30 million Series A funding round led by Verso Capital. This investment is one of the largest rounds to date in Asia’s cell-based food sector and brings TurtleTree’s total investment figure to $40 million.
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