Wednesday, 7 January 2015

Global Food & Agri updates - 08Jan'15 !

1. Aqua Capital, the Brazilian agribusiness private equity firm, has created the largest cold storage group in Brazil by merging portfolio company Comfrio Soluções Logísticas with Stock Tech Logística.

2. A recent report from Australian government bureau ABARES indicates a 29% increase in average dairy farm cash incomes.

3. Nestlé puts €18m on table for epigenetics research (study of how environmental factors including eating behaviours impact genetics of customer).

4. The U.S. Department of Agriculture (USDA) began its celebration of the International Year of Soils on 6thJan'15, to highlight the importance of healthy soils for food security, ecosystem functions and resilient farms and ranches.

5. Kellog has developed a process that micro-grinds bran to create a more versatile and palatble powder. The bran powder can be made from a host of grains including wheat, oat, barley, corn, sorghum, quinoa and hemp. It can be used to the extent of 50% in no.of products viz. ready-to-eat cereals and bars to baked goods, confections and beverages.

6. Elmer Chocolate invests $40m in Louisiana (U.S) plant expansion.

7. NewZealand scientists believe Feijoa and blackberry could give new focus in inflammatiory treatment of bowels disease.

8. According to a new report by Frost & Sullivan, GCC food processing sector is set to an average growth of 8.5% till 2018. Furthe chocolate maker Mars invested a total of US$140 m in new manufacturing facilities in Saudi Arabia and UAE.

9. A daily glass of tomato juice for eight weeks has a direct effect on waist circumference, cholesterol, and markers of inflammation in generally healthy young women, says a new study from Taiwan.

10. Takween Advanced Industries acquires Savola Packaging (Saudi Arabia) for $242m.

11.A ban on all forms of advertising of food to children under the age of 13 is now in place in the Netherlands.

12.China eyes potato cultivation as possible solution to low agri-yield.

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