When will cocoa prices fall?

General Mills commits to ice cream /  Guylian CEO departs

Forward this email  |  View in browser JustFood In Brief March 21, 2024 SPOTLIGHT READ Cocoa prices continue to rise. When might the tide turn? Brands are looking to cut costs and absorb growing prices as heavy rainfall and crop diseases drive cocoa prices to record highs. Got a minute to spare? Take part in our research by answering our poll: Answer our poll question LATEST NEWS General Mills banks on more "benign" but still inflationary environment CEO Jeff Harmening suggested General Mills is committed to ice cream in the wake of Unilever's announcement.   Tom Snick departs Guylian CEO role Snick was brought in by Guylian in 2021 with a brief to shake things up at the Belgium-based chocolate maker.   Newlat's M&A appetite remains with "four dossiers" on table Earlier this year, the Italy-based group's move to strike a deal for UK-based Princes hit the buffers.   Lactalis snaps up Portuguese cheese brand owner Sequeira & Sequeira The French company will take control of cheese production operations as well as Sequeira & Sequeira's wholesale activities.   Frescatto Company and Prime Seafood announce all-Brazilian deal Eduardo Lobo, president of Prime Seafood, will join Frescatto's board of directors as a result of the transaction.   Mars to invest $70m in US research, development site The Hackettstown, New Jersey, site will gain a new prototyping kitchen, packaging lab and "collaboration space".   Unilever's ice-cream exit begs more questions over future of food Will Unilever's remaining food assets suffer the same fate in favour of a focus on beauty, home and personal care?   EU agrees to limit grain imports from Ukraine Critics of the agreement suggest more cereals should have been included, notably wheat. Read more news IN-DEPTH READ Soups Market Overview GlobalData's latest report offers actionable insights, through our elaborate soup profiling and company market share details, that will help you gain a competitive advantage and get yourself familiarized with offerings by leading brands. Furthermore, our analysts have reviewed the distribution channels and the packaging materials based on volume sales of soups, to identify better avenues for market reach and soup exposure. Per our latest estimates, the soup market size was estimated at $22.3 billion in 2022 and is likely to grow at a CAGR of >4% from 2022 to 2027. 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 55 | March 2024   In this issue: Indulgence in spotlight / The role of the CSO / Hill's Pet talks tech – 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