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25 November 2022 — In this week’s industry news, Nestlé and L Catterton have formed a partnership focused on the fresh produce sector. Denmark’s Crown has unveiled its latest investment in a new British bacon factory, while Rusahlu has strengthened its presence in Australia. Meanwhile, Ecotone has become the world’s highest-scoring global food company in B Corp recertification, and a new report examines hog production costs across 17 countries.
Summary: business moves
UK supermarkets are limiting the number of eggs consumers can buy. Aldi, Asda, Lidl, Marks & Spencer, Morrisons, Tesco Avian flu has hit producers so hard that customers can only go home with a few boxes of eggs. are asking for price increases to make ends meet.
Nestle When El Catterton‘s new partnership brings together Freshly and Kettle Cuisine, makers of fresh artisan food for retail and restaurant customers. The combined company will focus on providing a variety of fresh produce to customers in different regions and different channels. L Catterton will be the majority owner and Nestlé will have a minority stake.
Nestle We focus on developing affordable foods and beverages that incorporate nutritious plant proteins to help people achieve a proper and balanced diet. Nestlé has developed a powdered, shelf-stable, plant-based protein blend to complement egg dishes at an affordable price in Latin America. You can use soybeans.
Provides the same amount of protein and less saturated fat and cholesterol at a lower cost than using more eggs. This product is fortified with iron to address one of the major micronutrient deficiencies. It can be widely used for various dishes such as scrambled eggs, omelets, baking, etc.crown of denmark announced that it has made a significant investment in a new processing facility in Rochdale, UK. This will allow us to more sustainably produce high quality, traceable pork products and supply the UK market with vital bacon. Danish Crown has invested over £100 million (US$121 million) in a processing facility that uses processing technology to slice and package bacon and gammon produced in accordance with UK welfare and food safety standards. increase. Production is expected to start in the second half of 2023, and when fully operational, the plant will produce more than 900 tonnes of bacon and ham per week.
ICL Food Specialties joined forces with Protera Biosciencesis an AI-driven food tech start-up and designer of novel proteins used to develop sustainable, high-performance protein-based ingredients for food manufacturers. This partnership follows his 2021 investment in ICL’s Protera via the ICL Planet Startup Hub. This is the vehicle ICL uses to invest in and collaborate with foodtech and agritech innovative companies on a global scale. ICL and Protera use precision fermentation to develop and commercialize sustainable protein-based ingredients.
AAKMore acquired 100% of the shares of Alani Agro Oil IndustriesThe acquisition is in line with AAK’s strategy to expand geographically and increase its market share in the high value specialty oils market in India. Arani operates from Kakinada Port on the southeast coast of India. Over the next few years, AAK will increase its production capacity and improve the efficiency of its production facilities. In addition, the investment will support the broader development of the region and AAK will expand its community impact and support programs in India to his newly acquired AAK site.
Resafful Australia Pacific announced the opening of a molasses extraction plant at its production site near Melbourne and the renovation of its Baking Center at Mortlake Sydney, a showroom that trains its customers, partners and employees in baking techniques. For Lesaffre, strengthening its presence in the region demonstrates the group’s desire to expand its geographic footprint globally and promote the by-products of its activities in the circular economy.
hydrosol Amid high inflation and skyrocketing energy prices, we are focused on cutting costs. According to Germany-based experts in system stabilization and texturing, volatile availability and price fluctuations in the raw material market pose major challenges for the food industry. The company is working to find ways to reduce the raw materials that drive up costs in stabilizing systems, and to develop new systems on this basis. One example is ice cream. Locust bean gum is a familiar ingredient here, thanks to its many functional properties. For example, it melts slowly and gently, preventing the formation of ice crystals. It also makes the ice cream mouthfeel richer, creamier and ‘warmer’. Prices dropped a bit after a big spring jump, but locust bean gum prices are four times what he was a year or two ago.
Summary: Commitment to Sustainability
eco toneActive in the organic, plant-based and fair trade food sector, has released its latest sustainability report and Food for Biodiversity action plan. The report coincided with Ecotone’s B Corp recertification as the world’s highest scoring global food business with 116.5 points. This surpassed the previous score of 91.7 achieved in 2019. The average score for B Corp assessment is 50.9 and the minimum for certification is 80.
of European Financial Reporting Advisory Group submitted to the European Commission the first draft of a standard for mandatory sustainability reporting by large EU companies. This is important for consumers as it means companies need to publish comprehensive and comparable information on sustainability, from environmental impacts to workers’ rights. It helps investors and consumers to invest and buy in a more sustainable way and contribute to achieving the EU’s sustainability goals.
Recap: Other highlights
Board of Directors of African Development Fund has approved a US$27.9 million grant to Ghana for the development of agricultural value chains in the Savannah region. The subsidy is Climate-resilient production of maize, rice and soybeans supports the poultry value chain and creates jobs for women and youth. It increases income for farmers and supports household nutrition, especially in more vulnerable female-headed households.
of Agricultural and Horticultural Development Commission has published an annual report examining pork production costs in 17 countries. Swine production costs for selected countries have been updated with annual data from 2021, showing a 20% increase in GB costs for indoor swine to £1.79 (US$2.17) per kg. Production costs increased in all EU member states compared to 2020, with an average cost of £1.50 (US$1.82) per kg tare weight, a 6% increase in pounds. The UK reference price of £1.50 (US$1.82) per kg in 2021 is 7% lower than the previous year, resulting in a negative profit margin throughout the year.
Elizabeth Green
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