Savola sees rocky first half as it beats Q1 profit forecast
Savola Group beat its own first quarter forecasts, but still saw a like-for-like fall in profits, as it warned Q2 would also be weak.
Archives for May 3, 2015
KAEC signs up snacks and cold stores clients
Saudi Arabia’s King Abdullah Economic City has bagged two new food clients, with Malaysian snack maker Mamee and Saudi cold storage firm Abdullah Abbar and Sons planning facilities in the city.
Abu Dhabi cracks down on banned pesticides and unsafe food
The Abu Dhabi Food Control Authority (ADFCA) has seized 221kg of banned pesticides and other agricultural materials, along with 560kg of unsafe food, in a series of inspections.
200 scientists sign consensus asking for PFCs in food packaging to be phased out
Over 200 scientists from 38 countries have signed a consensus statement asking for PFCs in food packaging to be phased out, according to The Green Science Policy Institute.
Russia likely to extend EU food import ban
Russia is likely to extend its ban on EU food imports beyond the August 7 deadline, as the European Union looks set to continue its sanctions against Russian products.
Brazilian exporters see mixed Middle East markets
Brazilian exporters have seen mixed results in the Middle East in Q1, with BRF’s regional revenues growing 15%, while Minerva Foods saw a sharp drop in export volumes.
Senators urge full FSMA funding
Seven senators have urged full funding of Food and Drug Administration (FDA) food safety work through the Food Safety Modernization Act (FSMA).
Saudi buys stake in Canadian Wheat Board in $200m deal
Saudi Arabia has bought a stake in Canada’s formerly state-owned wheat buying organisation, the Canadian Wheat Board (CWB), in a US$200m deal.
Delay to ‘fish discards’ rule undermines sustainability efforts, say Greens
MEPs have delayed a ban on throwing back unwanted fish catches in a vote that European Greens say undermines rules intended to improve sustainability.
Cumin products were recalled due to almond contamination prompting allergy concerns
Mahaleb caused false positive results in nuts and spices testing
The Canadian Food Inspection Agency (CFIA) has said initial results which prompted cumin products to be recalled for containing almond were wrong and positive readings were caused by mahaleb.
GCC food consumption to hit 52m tonnes by 2019
GCC food consumption will outpace population increases to grow at 3.5% CAGR over the next four years, to reach 51.9m tonnes a year, according to Alpen Capital.
FoodDrinkEurope welcomes 7% biofuels limit – but industry divided
FoodDrinkEurope has said legislators could have been more ambitious in their efforts to reduce food resources for fuel and welcomed a 7% cap on biofuels, but not all of its members agree.
Slovenian chocolate maker Zito accepts takeover bid from Croatian rival Podravka
Croatian food group Podravka has reached a €33.03m ($36.91m) deal to acquire a 51.55% stake in Zito, Slovenia's top domestic chocolate manufacturer.