Italy-based confectionery manufacturer Ferrero to acquire Eat Natural
Italy-based global confectionery major Ferrero Group will enter into a definitive agreement to acquire the British cereal bars-maker Eat Natural. However,…
Gene Therapy Push | Bayer to acquire US-based biotech firm AskBio for up to $4 billion
In a bet on cutting-edge gene therapy that aims to treat or prevent diseases using genes, Germany’s Bayer agreed to…
India: Food and beverages giant PepsiCo increases investment at snacks plant to Rs 814 crore
Despite short-term headwinds due to the COVID-19 outbreak, PepsiCo is increasing investment at its new greenfield snacks plant in the…
Brazilian agribusiness grows 5.26% in the first half
Thanks to bumper crops and favorable exchange rates, the Brazilian agribusiness grew 5.26 percent in the first half of 2020…
Nestle to invest CHF 53 million to boost sustainable agriculture in China
To promote sustainable agriculture and development of local grain cultivation in China, Nestle has announced to invest a further RMB…
COVID-19 pushes Malaysia’s palm oil industry into labour crunch
The COVID-19 crisis has pushed Malaysia’s labour-reliant palm oil industry into a labour crunch so severe that it is now…
Japanese insurance company Sompo Holdings to buy U.S. crop insurer from CGB Enterprises
Japanese insurance company Sompo Holdings Inc will pay $380 million to $470 million to buy Diversified Crop Insurance Services, the…
Indian dairy giant Amul to invest ₹1,500 crore over the next 2 years
Gujarat Cooperative Milk Marketing Federation (GCMMF), owner of the Amul brand, will invest about ₹1,000 crore to set up milk processing plants…
UK: Sales of organic food and drink increase sharply amid lockdown
Sales of organic food and drink, including organic bananas, chicken, eggs, and wine – increased sharply in the UK during…
Australia expands loan scheme for virus-hit businesses, raises credit limit
Extending the Coronavirus loan guarantee scheme for small businesses, Australia announced to enhance the credit limit to up to A$1…
