By establishing a local presence in Australia and New Zealand, the Group will be able to enhance its marketing activities in both markets Nissin Foods Company Limited announced that the Group and Nissin Asia have entered into a joint venture agreement which provides for the formation of a joint venture[Read More…]
Food
ADB to help Maldives strengthen climate resilience, food security
The financing package comprises a $4 million concessional loan and a $17.95 million grant from the Asian Development Fund The Asian Development Bank (ADB) has approved a $21.95 million financing package to build Maldives’ capacity to combat the effects of climate change and ensure the sustainability of its food systems. [Read More…]
Dusit Foods partners with Japanese food industry giant Green House
Green House, in collaboration with Sumitomo Corporation, will establish a new Special Purpose Vehicle (SPV) to acquire a 20 per cent stake in Epicure Catering Dusit Foods, a subsidiary of Dusit International, one of Thailand’s leading hotel and property development companies, has signed a strategic partnership agreement with Green House[Read More…]
GSA releases seafood processing standard version 6.0
This new framework was designed specifically to improve audit efficiencies, provide elevated assurances for farm-raised and wild-caught seafood to consumers Global Seafood Alliance (GSA) announced the official release of the Seafood Processing Standard (SPS) version 6.0. Key features of the standard include a restructured modular framework built around core food[Read More…]
New Zealand report highlights risk to vegetable prices
The analysis includes an examination of the economic implications of proposed regional regulations A new report by the New Zealand Institute of Economic Research (NZIER) warns that fresh vegetable prices could rise significantly if the Government does not act quickly to establish a clear and workable regulatory framework for vegetable[Read More…]
Bahrain’s Mumtalakat announces transfer of Gheras to BFHC
This aligns with Mumtalakat’s vision of increasing sustainable local food production and enhancing food security Bahrain Mumtalakat Holding Company (Mumtalakat), the sovereign wealth fund of the Kingdom of Bahrain, announced an agreement with the Ministry of Finance and National Economy during the second edition of the Gateway Gulf Forum, organised[Read More…]
Western Australia’s avocado exports increase by 400%
In the 2023-24 period, avocado exports from Western Australia reached $36.8 million Western Australian avocados are becoming increasingly popular in the global marketplace, with exports experiencing significant growth over the past year. In the 2023-24 period, avocado exports from Western Australia reached $36.8 million, a remarkable increase of more than[Read More…]
Little Caesars launches in Cambodia
Little Caesars’ entry into Cambodia, led by local franchise partner Neak Oknha Rithy Sear of Worldbridge Group Little Caesars, the world’s third-largest pizza chain, is officially opening its doors in Cambodia with a grand celebration on November 10, 2024, at its first store in Koh Pich. Known for its HOT-N-READY pizza, Little Caesars is set[Read More…]
Corporación Multi Inversiones acquires Del Real Foods
The founders of Del Real Foods, the Cardenas family, and Palladium, will each own a minority equity stake in Del Real alongside CMI Corporación Multi Inversiones (CMI), a family-owned multilatina corporation with a 104-year legacy, more than 50,000 team members, and operations in 16 countries across Latin America and the United States, has entered into a definitive[Read More…]
Minerva Foods acquires Marfrig slaughter and deboning plants in South America
The company will have the capacity to slaughter 22,336 head a day in 21 plants in the Brazilian market Minerva Foods, a leading exporter of fresh beef and its derivatives in South America, after receiving approval from Brazil’s antitrust authority (CADE), completed the acquisition of Marfrig assets in Brazil. The Company completed the acquisition[Read More…]
