Nestlé changes course on shipping

UK migrant rules spark ire / Smithfield ends contracts

Forward this email  |  View in browser JustFood In Brief December 06, 2023 SPOTLIGHT READ Emirati oil casts an inescapable shadow over climate talks at COP28 Opinions differed ahead of the COP over whether it was appropriate for a petrostate such as the UAE to host the conference. Answer our poll question LATEST NEWS Nestlé to adopt "lower-emission fuels" for half of shipping trade The Swiss food and drinks group said it will shift to cargo ships that run off fuels made from waste such as cooking oil.   UK meat industry body concerned by new migrant worker rules From spring 2024, incoming workers will need to earn at least £38,700 ($48,737), nearly 50% higher than the current minimum.   Smithfield Foods terminates contracts at 26 US hog farms The move comes as the group faces "an industry oversupply of pork".   Antelope snaps up US pet-food maker My Perfect Pet Antelope has acquired a number of businesses since it was formed in 2021 by US private-equity firm Alpine Investors.   Darigold CEO Joe Coote to leave the business, interim named The company's chairman Allan Huttema, is to take on the CEO role, effective immediately.   Aussie grocers hit back after pricing probe announced Coles said its rate of inflation has been "progressively moderating, particularly in key staple areas".   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.   Signal: Ripple Foods raises fresh funding The latest funding round comes even as the wider plant-based milk category slows and competition hots up. 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. Buy report MORE FOR YOU Explore our marketing solutions   Merging industry-leading business intelligence & award-winning journalism, this is an unrivalled opportunity for engagement with B2B professionals across a network of 40+ leading media websites.    Request a demo Just Food Digital Magazine   Issue 54 | December 2023   In this issue: Cell-meat's growth pains / The consumer in 2024 / COP28 preview – and more Read the magazine Click below to view more from across the network: Verdict Foodservice   |   Just Drinks   |   Packaging Gateway   Was this email forwarded to you? Sign up here.   Please send any news or comments to: foodeditor@aroq.com   GlobalData   At GlobalData we have a proven track record in helping thousands of companies, government organizations, and industry professionals benefit from faster, more informed decisions. You can update your communication preferences to make sure you receive the right information for you.    GlobalData, John Carpenter House | Registered in England No. 03925319, John Carpenter Street, London, EC4Y 0AN, United Kingdom London  Unsubscribe  |   Manage Preferences