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The food industry briefing
The news and data you need to know about the industry
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116%
Pork prices in China increase 116% in January compared to a year ago, accelerating from a 97% increase in December, according to data released by the National Bureau of Statistics of China.
$86m
Coca-Cola Bottling Company United opens a new sales and distribution centre in Union City, Georgia, following an investment of $86m.
$932m
Following the initial announcement in October, One Rock Capital Partners completes the acquisition of essential ingredients producer Innophos Holdings for $932m.
Hershey announces plans
to go cage-free globally
The Hershey Co. announces a new commitment to use only cage-free eggs and egg products across its global supply chain by 2025. The policy builds on previous commitments to switch to 100% cage-free eggs in the US and Canada by the end of 2020.
€40m
Arla Foods breaks ground on a new innovation centre in Denmark, located in close proximity to the key Arla Foods Ingredients production site Danmark Protein. The company claims it has invested more than €40m in the 9,000 square foot state-of-the-art facility.
Barentz enter joint venture with Matco Foods
Ingredients distributor Barentz forms a joint venture with agribusiness Matco Foods, as it targets growth in Pakistan. The joint-venture focuses initially on human nutrition and pharmaceutical products.
Heck invests £1.5m in vegan production
Heck injects £500,000 into its vegan factory, as well as investing £1m in new sausage and burger machinery on the back of increased demand for vegan and chicken products, which now account for 30% of the company's business.
FURTHER READING
Food Research is "chronically underfunded" in the US
A recent report published by The Institute of Food Technologists (IFT) outlines the state of funding for food research in the US, summizing that research in the US is chronically underfunded. Public funding has declined since 2018, which the report concludes could lead to possible long-term consequences for food security in the US as well as globally,
Source: IFT
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