Yum China Reports Third Quarter 2022 Results 

Yum China Holdings, Inc. reported unaudited results for the third quarter ended September 30, 2022. Total Revenues grew 5%; System Sales grew 5% in constant currency, despite temporary closuresDelivered $316 million Operating Profit, representing 77% growth, through strong executi...

Yili Recorded a Total Revenue of RMB 93.9 billion over Q1–Q3 FY2022

Yili manages to maintain solid growth amid the pandemic demonstrates the dairy giant’s strong resilience. Both Yili and the industry will expect rapid growth as soon as the macroeconomic environment recovers. Yili Group recorded a total revenue of RMB 93.861 billion (USD 12.94 billion) over th...

Brand Finance Declared Vinamilk as "The 6th Most Valuable Dairy Brand” in Vietnam

Vietnam's leading dairy manufacturer has reached a new milestone by being ranked 6th position in the Top 10 Most Valuable Dairy Brands by Brand Finance.  The US$2.8 billion valuation this year sees an impressive 18% increase as compared to 2021, reaffirms Vinamilk's leading p...

USDA provides nearly $2B funding to food banks and school meal programs

The investment is part of the Department’s broader commitment to strengthening the supply chain and making nutritious food more accessible for families. The U.S. Department of Agriculture announced that it will provide close to $2 billion in additional funding to food banks and school meal pro...

The Green Cofee Company launches $100 million Series C funding round to expand its Colombian operations

“This funding round will push us further towards our goal of becoming the world’s largest arabica-coffee producer,” said  Cole Shephard, Green Coffee Company Founder and partner at Legacy Group. The Green Coffee Company, a Legacy Group portfolio company and Colombia's l...

Australia invests additional $24.3 M to tackle eating disorders

Eating disorders are among the most complex and deadly of psychiatric illnesses The government of Australia is investing an additional $24.3 million through the 2022-23 Budget to implement new community-based treatment services and fund existing support and treatment services for Australians wit...

Seafood leader Thai Union & TMBThanachart Bank sign Finance loan agreement

Thai Union’s embrace of Blue Finance is a key component of the Company’s corporate goal of ‘Healthy Living, Healthy Oceans’.Thai Union Group PCL has signed a THB 2 billion short-term Blue Finance loan agreement with TMBThanachart Bank Public Company Limited, further expanding its position in...

Tetra Pak invests in four new recycling facilities

Tetra Pak has co-invested over €11.5 million with recyclers and industry players, to help set up four completely new recycling solutions for carton packages in Turkey, Saudi Arabia, Ukraine and Australia. Tetra Pak has co-invested over €11.5 million with recyclers and industry players, to hel...

Fonterra lifted its forecast Farmgate Milk Price range

Fonterra CEO Miles Hurrell says the lift in the forecast reflects the increase in global dairy prices since the Co-op’s last milk price update in January, and good levels of ongoing global demand for dairy. Fonterra Co-operative Limited  lifted its 2021/22 forecast Farmgate Milk ...

Fonterra, agreed a strategic partnership with NZX & EEX for future growth

The strong alignment of all three shareholding partners to GDT’s purpose of credible price discovery will support initiatives to increase liquidity on GDT, attract new supply from prominent dairy producing regions, and will strengthen GDT’s linkages to financial trading platforms Fo...

Japan supports WFP with $66M for emergency food assistance

Japan has consistently been one of WFP’s top donorsThe United Nations World Food Programme (WFP) has welcomed a total of $66 million in funding from the Government of Japan to provide emergency food assistance and livelihood support to vulnerable people in 26 countries across Asia, the Middle East...

Olam secures US$4.0 billion financing for its Re-organisation plan

Olam’s Group CFO and CEO (Operations), N Muthukumar said: “The signing of these facilities is yet another milestone in our Re-organisation plan to unlock value for our stakeholders. Leading global food and agri-business, Olam International Limited (“Olam’’) announced that it h...

Chr. Hansen delivers 9% organic growth in Food Cultures & Health & Nutrition segment

Food Cultures & Enzymes continued its strong momentum in the first quarter, while Health & Nutrition delivered a strong rebound following a Q4 that fell short of expectations. Progress across all business areas and strategic initiatives underlines the strength of our 2025 strategy“The encourag...

SIG to acquire Pactiv Evergreen’s carton business in Asia

SIG plans to use its local R&D presence and innovation capabilities as well as its marketing expertise to introduce more innovative packaging formats in the fresh dairy market. SIG announced that it has entered into an agreement to acquire Pactiv Evergreen Inc.’s Asia Pacific Fresh operations ...

Haldiram opening its own manufacturing facility for long shelf-life dairy products

SIG, a leading systems and solutions provider for aseptic carton packaging, has been chosen by Haldiram’s to help expand its business offerings by leveraging SIG’s pioneering filling machines for aseptic carton packs.India’s ethnic snack-food giant Haldiram’s Nagpur is on a growth tr...

Singapore based Qian Hu invests in AI aquaculture technology

Bosch’s AquaEasy is an AI and IoT-based solution that helps shrimp farmers increase productivity and profitability while reducing risks and costs in sustainable aquaculture  Mainboard-listed  integrated  fish  service  provider  Qian Hu  Corp...

Indonesia’s retail F&B chain raised $96m in the Series C funding

Kopi Kenangan, Indonesia’s fastest-growing New Retail F&B chain, well-known for its great-tasting coffee, announced that it has raised $96m in the first closing of a Series C funding, giving the company a valuation of more than $1bn.Kopi Kenangan, Indonesia’s fastest-growing New Retail F&B c...

Angel yeast invest in a new project which accelerates Annual Production of enzymes

Project will have an annual enzyme production output of 5,000 tons and will significantly enhance the company’s competitive advantage in the enzyme preparations and biotechnology industry.Angel Enzyme Preparation (Yichang) Co., Ltd., ("Angel Enzyme Preparation"), a wholly-owned subsidiary of ...

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