The sale is expected to be completed in the first half of 2024, with proceeds to be used to repay debt EG Group announces that it has entered into a definitive agreement to sell all its 218 KFC franchise restaurants in the UK and Ireland to Yum! Brands’ KFC Division.[Read More…]
Food
Australia releases report for inquiry into food security
The Committee has made 35 recommendations to address food security in Australia The Australian Parliament’s Agriculture Committee has released its report for its inquiry into food security in Australia. The inquiry examined ways to strengthen and safeguard Australia’s food security, focussing on production, supply chains and key inputs, as well as climate change,[Read More…]
Israel’s EFISHient Protein unveils first prototype of tilapia fish fillet for commercial production
This achievement represents a significant step forward in the company’s ability to produce a diverse range of sustainable white fish species Israel-based EFISHient Protein, a pioneering B2B food-tech company leading the cultured white fish industry, has achieved a breakthrough by successfully developing its first prototype of a sustainable layered Tilapia[Read More…]
Smithfield Foods to end grower contracts in Utah
Utah measures latest action to address sustained hog market downturn Smithfield Foods will end contracts with 26 hog farms in Utah to optimize its supply chain for more efficient operations in the face of an industry oversupply of pork, weaker consumer demand and high feed prices. The contract terminations will result in[Read More…]
EcoBalance, KazBeef and rTek launch climate smart beef pilot program
The 10-year pilot project is expected to demonstrate the world’s first carbon-inset beef supply chain EcoBalance Global, a US-based leader in carbon storage projects, Kazbeef, a subsidiary of Yerkin Tatishev’s Kusto Group and rTek, a Rakurs Consulting Group company, have partnered to launch the first-ever pilot ranch outside the United States that[Read More…]
SFA and ICA seize illegally imported vegetables and fruits from Malaysia
About 1.1 tonnes of undeclared and under-declared produce, including bayam, kailan, caixin, mango, pineapple, xiao baicai, Japanese cucumber, and brinjal, were seized from two importers Singapore Food Agency (SFA) seized about 1.1 tonnes of illegally imported vegetables and fruits from Malaysia. A joint operation conducted by SFA and the Immigration[Read More…]
Gates Foundation announces partnership with UAE to accelerate action to strengthen food systems
Together, they made new commitments totalling $200 million in response to immediate and long-term threats to food security and nutrition caused by climate change The Bill & Melinda Gates Foundation joined the United Arab Emirates (UAE) to accelerate the development of innovations that will help smallholder farmers in sub-Saharan Africa and South Asia build resilience and[Read More…]
AIIB-FAO partnership to boost agrifood systems
The two organisations will specifically collaborate on helping countries meet the ambitious targets of the 2030 Agenda for Sustainable Development The Asian Infrastructure Investment Bank (AIIB) and the Food and Agriculture Organisation (FAO) of the United Nations signed a Memorandum of Understanding that recognises the critical role of investment in rural[Read More…]
Ubiquity Sprouting Corporation announces peanut sprout growing facility in Taiwan
This innovative facility operates with minimal energy, using only water for cultivation Ubiquity Sprouting Corporation (USC) pioneers Sustainable Peanut Sprout Cultivation with a Groundbreaking Facility in Taiwan. USC announced the opening of a groundbreaking facility in Taiwan focused on producing peanut sprouts, with an impressive daily output of 1,000 kilograms. USC aims to lead the[Read More…]
California Pizza Kitchen announces franchise opening in Philippines
This development marks CPK’s 24th international location, further expanding the brand’s global footprint California Pizza Kitchen (CPK), the creator of California-style pizza, announced the opening of its latest franchise location in the Philippines. This development marks CPK’s 24th international location, further expanding the brand’s global footprint. The new restaurant will be located at the[Read More…]
