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PepsiCo sells juice brands for $3.3 B

PepsiCo sells juice brands for $3.3 B

The juice businesses delivered approximately $3 billion in net revenue in 2020PepsiCo, Inc. has announced that it has entered into an agreement with PAI Partners (PAI) to sell Tropicana, Naked and other select juice brands

Global
Nobell Foods raises $75M to introduce cheese made from plants

Nobell Foods raises $75M to introduce cheese made from plants

With its Series B closing of $75 million, Nobell emerges with over $100 million in funding US-based startup Nobell Foods raises $75 million to introduce delicious cheeses made from plant-derived dairy proteins, supporting its larger mission of creating

Global
First-of-Its-Kind “Pathways to Dairy Net Zero” for global dairy sector

First-of-Its-Kind “Pathways to Dairy Net Zero” for global dairy sector

Global Pathways to Dairy Net Zero initiative is being created to accelerate climate change action throughout the dairy sectorA first-of-its-kind Pathways to Dairy Net Zero initiative is being developed to accelerate climate change action throughout the global

Global
Tetra Pak increases recycling capacity of beverage cartons in Poland

Tetra Pak increases recycling capacity of beverage cartons in Poland

The investment in a complete recycling solution is set to significantly improve recycling throughout Central and Eastern EuropeTetra Pak and Stora Enso have recently joined forces to boost the recycling capacity of beverage cartons in Poland, with an

Global
Cargill & Ecolab support emerging technologies across food supply chain

Cargill & Ecolab support emerging technologies across food supply chain

The 11 teams in the 2021 class come from across the United States and the globeCargill and Ecolab have announced the latest class of entrepreneurs to join the Techstars Farm to Fork Accelerator, a three-month, mentorship-

Global
Herbalife Nutrition becomes Team India’s official nutrition partner for Tokyo Olympics

Herbalife Nutrition becomes Team India’s official nutrition partner for Tokyo Olympics

According to Rajeev Mehta, Secretary-General, Indian Olympic Association (IOA), the synergy between Herbalife Nutrition and Indian Olympic Association creates a sporting platform that leverages science-based nutrition Herbalife Nutrition is the ‘Official Nutrition Partner of Team

Global
Barry Callebaut to open chocolate factory in Russia

Barry Callebaut to open chocolate factory in Russia

The factory was acquired in September 2020, and will be operational in August 2021.Swiss chocolate maker Barry Callebaut Group has announced the opening of its third factory in Russia, in the special economic zone of

Global
US invests $500 M for expanded meat & poultry processing capacity

US invests $500 M for expanded meat & poultry processing capacity

The new effort will strengthen the food system and create new market opportunitiesUnited States Department of Agriculture (USDA) has announced that it intends to make significant investments to expand processing capacity and increase competition in meat

Global
FAO: Global food prices fall for the first time in 12 months

FAO: Global food prices fall for the first time in 12 months

FAO Food Price Index fell by 2.5 per cent in June, after a year of consecutive increasesGlobal food commodity prices fell in June for the first time in 12 months, according to a benchmark United

Global
UK regulates junk food and bolsters prospects for health food industry

UK regulates junk food and bolsters prospects for health food industry

The National Health Service (NHS) has begun to crack down on the promotion of unhealthy foods in an effort to reduce costs on national healthcareThe UK government has enacted a regulation that prevents late-night advertising