The latest news, trends, analysis, interviews and podcasts from the global food and beverage industry

Windfall Bio, a provider of methane-to-value solutions, has closed a $28 million Series A funding round led by Prelude Ventures.

Full Glass Wine, a brand acquisition and management firm focused on acquiring DTC wine companies, has closed a $14m Series A funding round.

McDonald’s Corporation has signed an agreement with Alonyal, the owner of its franchise restaurants in Israel, to buy back all its restaurants in the country.

US agricultural technology company BioConsortia has raised $15m in a funding round led by Otter Capital.

The Ivory Coast has increased the official cocoa farmgate price to CFA 1,500 ($2.46) per kg, a 50% increase on the previous CFA 1,000 price.

Mars has announced an over $70m investment in its Hackettstown, New Jersey, US, site to enhance innovation and manufacturing.

ADM has published its financial results for the quarter and full year 2023, reporting a lower-than-expected fourth quarter profit.

Dole has reached an agreement to sell its 65% equity stake in Progressive Produce to PTF Holdings for a sum of $120.25m.

Kraft Heinz has recorded a Q4 net sales decrease of 7.1% to over $6.8 billion, compared to $7.3 billion at the same time last year.

The Coca-Cola Company has published its fourth quarter and full year 2023 results, reporting 7% net revenue growth for Q4 and 6% for the FY.

Kraft Heinz has signed an agreement with Carlton Power to explore the possibilities of establishing a £40m green renewable green hydrogen plant at its Kitt Green facility.

Infinite Roots, formerly known as Mushlabs, has announced the completion of its Series B funding round, securing a total of $58m.