South African poultry giant’s profits “decimated”

Italy rules on cell-based meat / JBS beef capex

View in browser View in browser  |  Forward to a friend  | Signup In Brief November 20, 2023 | Up-to-date international news and features on the global food industry Spotlight South Africa's Astral Foods confirms annual losses The poultry and feed group booked a financial loss for the first time in the company's history, CEO Chris Schutte said. Latest news Italy's ban on cultivated meat approved by lawmakers The EU will now have the final say as Italy claims a first in prohibiting the sale of proteins grown in a lab. JBS reopens Friboi factory in Brazil after fire After expansion works are complete, the site is expected to be the largest beef production factory in Latin America. Snacks maker Grupo Apex buys new factory in Spain The new factory will make French fries and is scheduled to restart production next month. Kamay Ventures eyes more investment from food, drinks groups The fund was created by Coca-Cola Latinoamerica and Argentinan food group Arcor in 2019. UK government taken to task on obesity levels, food security The Environment, Food and Rural Affairs Committee (EFRA) concluded there is an "incoherent approach to food policy across government". Real Good Food's future at threat as JF Renshaw put on strategic review The cake decorations group has announced the sale of its other business unit, Rainbow Dust Colours. Global fruit group Unifrutti appoints Mohamed Elsarky as CEO Unifrutti Group recorded a 2% increase in turnover to $720m in 2021. ChatGPT one year on: how have businesses been affected? One year on from its release, OpenAI's ChatGPT has started a public conversation about the effects of AI. But what will it mean for business? Read more news In-depth read Rising disposable income and health consciousness set to drive the healthy snacks market The global healthy snacks market will be valued at $74.6 billion in 2023 and is expected to grow at a CAGR of 6% by 2030, per GlobalData. Increasing awareness of health and wellness among consumers is the major contributor to the growing demand while a rise in vegan and plant-based diets and rising disposable income, and middle-class expansion are also expected to drive market growth. However, this growth is affected by the challenges posed by high cost of ingredients. Free digital magazine: latest issue Issue 53 | September 2023 In this issue: Fighting food waste / US food-safety reform / Danish Crown's automation – and more. Click here to view the magazine. GlobalData network Verdict Foodservice   |   Just Drinks   |   Packaging Gateway Thank you for reading. Please send any news or comments to: foodeditor@aroq.com Contact us LinkedIn | Twitter Editorial foodeditor@aroq.com Advertise with us Click here About Just Food Just-Food.com is one of a network of 30+ proprietary B2B websites, with an unrivalled global audience of active decision makers, influencers, and opinion leaders across the world with a combined readership of 55 million industry professionals each year.   Was this email forwarded to you? Sign up here GlobalData, John Carpenter House | Registered in England No. 03925319, John Carpenter Street, London, EC4Y 0AN, United Kingdom Unsubscribe Manage Preferences London