Reading Time: 2 minutes London | Reuters – Unilever, Tesco and Nestlé are among the best prepared to capitalise on the trend for plant-based meat substitutes, according to a report from an investor group managing $5 trillion in assets. The report by the Farm Animal Investment Risk and Return (FAIRR) coalition showed 25 major retailers and manufacturers were developing […] Read more
Report says Unilever, Tesco, Nestle ranked top on meat alternatives
Spice maker seeks path to make vanilla milkshakes cheaper
Reading Time: 4 minutes Chicago/Antananarivo, Madagascar | Reuters — A kilo of vanilla beans costs more than a kilo of silver. Cultivated painstakingly over years from an orchid plant, vanilla is the second most expensive spice in the world, after saffron. In less than five years, the wholesale price has risen nearly 500 per cent, partly because of growing […] Read more
Nestle, Hershey at odds with farmers over U.S. GMO labeling
Reading Time: 3 minutes New York | Reuters –– The world’s top food companies and farmers of crops such as beet sugar are pitted against each other as they lobby the U.S. government over plans to label genetically engineered ingredients. At the heart of the issue is transparency over ingredients used in food. Packaged foods makers are facing flagging […] Read more
Nestle to spread out at London ice cream plant
Reading Time: 2 minutes A multi-phase overhaul at Nestle Canada’s southwestern Ontario ice cream factory is moving further ahead with a plant expansion. The company’s London, Ont. ice cream plant, which has operated since 1966 and supplies brands such as Haagen-Dazs, Drumstick, Parlour and Skinny Cow for all of Canada, is in the midst of a four-phase, $51.5 million […] Read more
White Revolution 2.0
While Canada and the U.S. clash over NAFTA, Cargill, Nestlé and other global dairy giants are pumping their money into India
Reading Time: 7 minutes India is the world’s largest dairy producer, thanks to the “White Revolution” that it launched shortly after the country’s independence in 1947, when it first gave itself the goal of replacing dairy imports and promoting self-sufficiency. Now, the country has embarked on a White Revolution 2.0 that will keep its borders closed to imports of […] Read more
Nestle to buy Canadian nutrition firm Atrium
Reading Time: 2 minutes London | Reuters — Nestle is buying Canadian vitamin and nutritional supplement maker Atrium Innovations for US$2.3 billion, expanding its presence in consumer healthcare as it seeks to offset weakness in packaged foods. The world’s largest packaged food company said on Tuesday it will buy the maker of vitamins, probiotics and meal replacements from a […] Read more
Nestle, Coke end Nestea iced tea venture
Reading Time: < 1 minute Zurich/London | Reuters –– Nestle and Coca-Cola have agreed to end their Nestea iced tea joint venture after 16 years and pursue separate strategies in the fast-changing bottled drinks market. The companies formed Beverage Partners Worldwide in 2001 to sell Nestea around the world but the brand has faced fierce competition from Lipton iced tea, […] Read more
Nestle pledges cage-free eggs for Canadian wares
Reading Time: 2 minutes The Canadian arm of Swiss food processing giant Nestle has promised to shift its egg supply to “cage-free” sources by 2025. Nestle Canada, whose products using eggs include some of its Lean Cuisine meals and Real Dairy desserts, said Wednesday it was “dedicated to working with Canadian farmers to make this transition.” The Canadian business […] Read more
Nestle to switch to cage-free eggs in U.S. by 2020
Reading Time: 2 minutes New York | Reuters –– Nestle said Tuesday it will stop using eggs laid by caged hens in its U.S. products by 2020, making it the largest packaged food company to go cage-free amid pressure from consumers and animal-rights groups. The world’s largest food maker said it uses about 20 million pounds of eggs annually […] Read more
Nestle says taking action to keep top slot in food industry
Reading Time: 2 minutes London | Reuters — Nestle told shareholders Thursday it is taking steps to maintain its position at the head of the global food industry, where consolidation will create two big new rivals. Nestle chairman Peter Brabeck-Lemathe told the company’s annual shareholder meeting the creation of Kraft Heinz Co. and Jacobs Douwe Egberts, as well as […] Read more
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