All news articles for August 2022

An ofi cocoa farmer tries out some new equipment. Pic: ofi

Finance

ofi secures inaugural $1,975m sustainability-linked loan

By Anthony Myers

olam food ingredients ('ofi'), a global leader in food & beverage ingredients and includes the company’s cocoa division, has announced that it has secured a multi-tranche sustainability-linked facility aggregating $1,975m

Nestlé's KitKat V will soon be in the hands of European consumers. Pic: Nestlé'

Free-from

Nestlé’s Vegan KitKat gets Europe-wide launch

By Anthony Myers

After a successful launch in the UK, Nestlé's has confirmed that KitKat V, the vegan version of the iconic wafer snack, will soon roll out in 15 European countries.

Nigeria is the fourth largest cocoa-producing country in the world. Pic: CN

Commodities

Nigeria informs ICCO of plans to increase cocoa production

By Anthony Myers

Nigeria’s Minister of Agriculture and Rural Development, Dr Mohammad Mahmood Abubakar, has doubled down on the country’s pledge to increase its cocoa production from the present 340,000 tonnes to 500,000 tonnes by 2024.

TopGum gains organic certification for its clean, sugar-free functional gummies. Pic: Top Gum

Gummies

TopGum Gummies earns new Organic Seal

By Anthony Myers

Following a strict audit of its facility and production systems by an authorized international Organic Certifier, the new seal confirms the company’s commitment to sourcing, processing, and manufacturing certified organic, non-GMO products that conform...

Pic: The Hershey Company

HR

Hershey named one of the best companies to work for in US

By Anthony Myers

Confectionery giant’s reputation for justice, pride and leadership have been hailed by its employees as particular strengths for the company, leading it to be ‘Certified by Great Place to Work’ in its US business operations.

Matt Gibson with the New Culture team: 'This partnership gives our team the chance to accelerate our path to commercialization and expand what’s possible for our product portfolio...' Image credit: New Culture

ADM teams up with New Culture to scale up animal-free dairy platform

By Elaine Watson

New Culture, a startup producing casein proteins (minus the cows) via microbial fermentation to make mozzarella and other dairy products has announced a strategic partnership with global ingredients giant ADM to scale up its animal-free dairy operation.

Olam believes it is 'well-positioned' for 2022. Pic: Olam Group

Financial results

Olam remains confident of ofi IPO after a rise in Group profits

By Anthony Myers

The Olam Group said it remains cautiously optimistic about its prospects for the rest of the year, despite global supply chain issues, and confirmed it still intends to go ahead with the ofi IPO – favourable market conditions permitting.

Mars is mobilising partners in a coral reef restoration project / Pic: GettyImages-Tobiasjo

Mars talks ‘mission critical’ coral reef restoration

By Katy Askew

Coral reefs are degrading at an alarming rate – threatening the health of our oceans and the ecosystems that support sea life. Confectionery-to-pet food manufacturer Mars is working to turn the tide. FoodNavigator catches up with the company’s chief marine...

Are Swiss consumers aware of and concerned about palm oil? GettyImages/ic36006

What do Swiss consumers think of palm oil?

By Flora Southey

Fresh research has investigated consumer perceptions of palm oil in Switzerland and whether they are familiar with the Roundtable on Sustainable Palm Oil (RSPO) label.

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