COP28: Dairy giants’ methane move

Aussie pricing probe / Cocoa sourcing scrutiny

View in browser View in browser  |  Forward to a friend  | Signup In Brief December 05, 2023 | Up-to-date international news and features on the global food industry Spotlight COP28 – Nestlé, Danone among food signatories to Dairy Methane Alliance General Mills, Kraft Heinz, Bel Group and the US division of France-based dairy major Lactalis are part of the pact to cut methane emissions. Answer our poll question Latest news Aussie grocers hit back after pricing probe announced Coles said its rate of inflation has been "progressively moderating, particularly in key staple areas". Nestlé, Mars among chocolate makers criticised in cocoa-sourcing report Ferrero, Mondelez and Lindt also labelled as "inadequate" in Ethical Consumer's assessment. Assets of Real Good Food, JF Renshaw acquired by Bakels Group UK-based Real Good Food revealed its intention last week to enter administration. Tipiak's majority stake sale talks with Terrena ongoing but at lower offer The price for an almost 78% interest has been cut to €82, from €88 a share. Nestlé confirms further investment in Brazil The food giant revealed capex plans for its Brazilian chocolate segment earlier this year. Swedish investor scoops UK oat-drink maker Framptons The UK manufacturer was acquired by Provator, which focuses on companies facing "financial difficulties". US cultivated-meat start-up Clever Carnivore to scale-up after funding win The California business plans to unveil its prototype product, the Clever Bratwurst, in early 2024. Australia's parliament to probe supermarket pricing The inquiry will examine the role of the country's big two grocers, Woolworths and Coles, during an inflationary period. Read more news In-depth read Food industry in Eastern Europe is highly fragmented Per GlobalData, the Eastern European food industry was valued at $180.5 billion in 2022 and is projected to grow at a CAGR of >4% by 2027. The top five companies together account for a value share of just 5.3% in 2022, with Mondelēz leading the pack. The Czech Republic, Poland, Romania, and Hungary have been identified as high-potential countries, primarily due to the large size of their food industries, their high projected value growth rates, and their rising per capita expenditure. Free digital magazine: latest issue Issue 54 | December 2023 In this issue: Cell-meat's growth pains / The consumer in 2024 / COP28 preview – 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