Global Halal market to hit $1.6tn by 2018
The global Halal food market will be worth US$1.6tn by 2018, up from US$1.1tn in 2013, according to a report commissioned by Dubai Chamber of Commerce.
Archives for August 12, 2014
Oxfam: Kellogg rises above General Mills on climate change
Kellogg has become the second food major to respond to a damning Oxfam report with a climate change revamp that pledges to disclose global greenhouse gas emission targets by December 2015.
Cargill pays $187,500 to settle Clean Water Act violations
Cargill has agreed to pay $187,500 to settle allegations that it violated the Clean Water Act (CWA) at two different large oil storage facilities.
Brazil looks set to benefit from Russia import ban
Brazil looks set to ramp up exports of meat to Russia after it imposed a 12-month ban on beef, pork and poultry imports from the US, EU, Canada, Norway and Australia last week.
Diageo’s lackluster 2014 gives CEO Menezes bonus blues
Diageo revealed yesterday that CEO Ivan Menezes, his predecessor Paul Walsh and CFO Deirdre Mahlan took home less than 10% of their possible bonus pot in fiscal year 2014 due to the firm's lackluster performance.
Agthia shows 21% profit growth despite food division loss in H1
Abu Dhabi’s Agthia Group announces a first-half profit of US$28.5m, up 21% year-on-year, but says its consumer food division lost US$3.9m in the period.
Corbion Q2 slips as food ingredients continue poor performance
Dutch ingredients supplier Corbion has reported a 0.9% drop in Q2 sales over the same period last year, after strong declines in the firms Biobased Food Ingredients business.
Mazola eyes major growth after factory upgrade
Following a major manufacturing upgrade, Mazola in the Middle East is targeting 25% growth in sales over the next two years, and plans to extend its range of products.
Applegate recalls 15,000 lbs. of chicken nuggets
The poultry producer has recalled several tons of frozen chicken nuggets under its Applegate Naturals brand after consumers complained of plastic particle contamination.
Production ‘is important in view of sanctions imposed against Russia’
Food packaging line built to ‘substitute’ Russian imports
Tasma (Tatar Sensitive Materials) has launched an $8.3m food packaging film production line in Kazan, in the Republic of Tatarstan, Russia, to extend product storage and shelf life.
GCC ‘key market’ for NZ agribusiness – report
The Gulf Cooperation Council countries are key markets for New Zealand’s agriculture industry, and firms should be targeting them as a priority, according to a Rabobank report.
Researchers suggest link between BPA exposure and food intolerance
Perinatal exposure to low doses of bisphenol A (BPA), considered to be risk-free in humans, could increase the risk of developing food intolerance in adulthood, suggests new research.