The Indian government is on a mission to attract overseas investment to meet rising demand for processed foods among its 1.3bn population, which includes a rapidly growing urban middle class. Currently, just 7% of India’s agricultural produce is processed...
Greencore shares dropped about 7.5% in value within three hours last week (April 25), before rallying, after its largest customer, Tyson Foods, revealed a £2.5bn ($3.2bn) takeover of convenience foods manufacturer AdvancePierre Foods.
Manufacturers need to shift from producing “ultra-processed” foods to more plant-based food, or risk disaster for public health and the environment, warns food policy expert Professor Tim Lang from City, University of London.
Greencore has revealed plans to acquire the US convenience food manufacturer Peacock Foods, which is valued at £594.3M ($747.5M) and has revenues of $1bn, alongside full-year results today (November 14).
Next week’s Food Ingredients Europe (FiE) and Natural Ingredients (Ni) shows offer the opportunity to see the some of the latest products onthe market and hear about cutting edge developments, says John Wood