The latest news, trends, analysis, interviews and podcasts from the global food and beverage industry
Food
In brief: Sunflower oil shortage from Russia-Ukraine conflict
The Russian invasion of Ukraine has resulted in a shortage of sunflower oil and led to increases in the prices of other cooking oils.
Mondelēz to purchase Grupo Bimbo’s Ricolino confectionery business
Mondelēz International has entered into an agreement to acquire Grupo Bimbo’s confectionery business, Ricolino, for approximately $1.3bn.
Higher prices help boost Coca-Cola's Q1 revenue
The Coca-Cola Company has reported net revenue growth of 16% to $10.5bn for its first quarter, driven by higher prices and growth in concentrate sales.
Indonesia announces palm oil export ban
The world’s largest palm oil producer, Indonesia, has announced an export ban that will significantly disrupt global supplies of the commodity.
Mars to build new R&D hub in Chicago
Mars Wrigley is building a new "multimillion-dollar" R&D hub next to its existing Global Innovation Center on Goose Island in Chicago.
FDA investigates reports of illness linked to Lucky Charms
The US Food and Drug Administration is looking into reports that consumers have become ill after eating General Mills' Lucky Charms cereal.
Boost partners with Cinnabon on RTD bakery-inspired beverages
Nestlé Health Science is expanding its Boost nutritional drinks portfolio through a collaboration with baked goods chain, Cinnabon.
Novelis announces $30m investment in German facility
US industrial aluminium company, Novelis, is investing over $30m to build a new continuous annealing line at its facility in Plettenberg-Ohle, Germany.
Minus Global buys food waste company Planet Earth
Minus Global Holdings has acquired food waste company Planet Earth in a move to expand its proprietary technology offerings.
Bubluv debuts RTD better-for-you bubble tea
New York-based start-up, Bubluv, has launched the "first" ready-to-drink, better-for-you boba alternative into the retail market.
Nestlé reports organic sales growth in Q1
Nestlé has reported 7.6% organic sales growth in Q1, driven by increased prices and further recovery in out-of-home channels.
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