A report from ingredients supplier Henley Bridge has warned that cocoa price increases of 15-20% for the first half of 2024 might continue into the second half of the year.
Despite growth in global cocoa supply in 2021, unfavourable weather conditions and demand from emerging markets have led to supply deficits. READ MORE
By Bethan Grylls
Source: foodmanufacture.co.uk
Ferrero North America has opened its new Kinder Bueno production facility in Bloomington, Illinois, US. The expansion, which is the result of a $214 million investment, was first announced in November 2022 and has created around 200 new jobs and is set to drive Ferrero’s market expansion.
Chiquita Brands – in collaboration with KeyGene, MusaRadix and Wageningen University and Research – has unveiled a new banana hybrid named ‘Yelloway One’. This variety is engineered to resist Tropical Race 4 (TR4) and show partial resistance to Black Sigatoka, two fungal diseases that pose severe threats to global banana production.
PepsiCo is planning to acquire packaged food business Siete Foods in a US$1.2 billion deal to “bring a rich, new aspect” to its portfolio. The move will add Mexican-American foods like tortillas, salsas, seasonings, sauces, cookies and snacks to PepsiCo’s range of products.
