Month December 2023

Demand proves boon to soybeans, weighs on wheat

Home » Demand proves boon to soybeans, weighs on wheat Source: Sosland Publishing Co. Recap for December 18 US soy complex futures were initially lower but rallied and posted a daily gain on good export demand, including a proposed export…

ADM to acquire dairy flavor manufacturer

CHICAGO — ADM has agreed to acquire Revela Foods, which develops and manufactures dairy flavor ingredients and systems. Revela Foods, a New Heritage Capital portfolio company based in New Berlin, Wis., has projected sales of nearly $240 million in 2023.…

Quaker recall involves granola bars, cereal

CHICAGO — Quaker Oats, owned by PepsiCo, Inc., has issued a voluntary recall of select granola bars and cereals in the United States, Puerto Rico, Guam and Saipan, citing potential contamination with Salmonella. Quaker said there have been no confirmed…

Konscious expands seafood alternative lineup for foodservice

VANCOUVER, BC. — Plant-based seafood company Konscious Foods is adding to its foodservice portfolio with more than 10 new products. The frozen offerings include salmon and tuna blocks; salmon and tuna poke cubes; California, salmon avocado, tuna avocado and rainbow…

King’s Hawaiian to build baking plant in Indiana

LOS ANGELES — King’s Hawaiian has unveiled plans to invest nearly $200 million to build a new food manufacturing facility in Taylorsville, Ind. Bartholomew County Commissioners approved a job creation and incentive agreement with Irresistible Foods Group, Inc., the parent…

Meati Foods gains two athlete investors

BOULDER, COLO.  — Meati Foods has gained two new investors interested in its plant-based meat formulated from MushroomRoot. Twelve-time NBA All-Star and two-time Olympic gold medalist Chris Paul, and three-time gold medalist and two-time world champion gymnast Aly Raisman, are joining…

Study: Consumers favor small food-centric gatherings

BUFFALO, NY. — Consumers prefer small, food-centric gatherings over large events, according to a 2023 shopper insight study by Rich Products (Rich’s). More specifically, the study found 58% of respondents prefer more intimate gatherings whereas tracking from September 2023 found…

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