Category food

Nestle feeling the effects of worst inflation in decades

VEVEY, SWITZERLAND — A softening of food demand was to be expected in 2023 given the magnitude of food price inflation experienced over the past two years, said Ulf Mark Schneider, chief executive officer of Nestle SA. Schneider commented Feb. 22…

Value of texture underappreciated, Ingredion says

BOCA RATON, FLA. — Consumer research undertaken by Ingredion, Inc. has the Westchester, Ill.-based company focused in on creating more value from texture, said James P. Zallie, president and chief executive officer. “We believe that texture plays an underappreciated but…

The trends driving General Mills’ Accelerate strategy

BOCA RATON, FLA. — Three years ago, General Mills, Inc. unveiled its Accelerate strategy, an initiative focused on building brands, innovating, adding scale and standing for good. Today, that effort continues with an eye toward trends that General Mills believes…

Corn, soybean futures fall to fresh three-year lows

Home » Corn, soybean futures fall to fresh three-year lows Source: Sosland Publishing Co. Recap for February 22 Corn and soy complex futures declined Thursday with fresh three-year lows posted on corn and soybean contracts. Ample domestic corn and soybean…

Laguarta shares PepsiCo progress at ’24 CAGNY

BOCA RATON, FLA. — It has been four years since PepsiCo, Inc. last presented before the Consumer Analyst Group of New York. In the intervening period, the company has not been standing still, its top executive said. Speaking Feb. 21…

Corn prices hit three-year lows

Home » Corn prices hit three-year lows Source: Sosland Publishing Co. Recap for February 21 Corn futures dropped to three-year lows Wednesday on plentiful domestic supply and signals South American export competitors will harvest strong crops this year. Wheat complex…

Roquette expands Nutralys pea protein portfolio

LA MADELEINE, FRANCE — Roquette has expanded its Nutralys plant protein portfolio by adding four multi-functional pea proteins for plant-based foods and high-protein nutritional products. The pea protein ingredients include Nutralys Pea F853M (isolate), Nutralys H85 (hydrolysate), Nutralys T Pea 700FL (textured)…

Harwood Private Equity acquires Crest Foods

CHICAGO — Harwood Private Equity has acquired Crest Foods from Brown Gibbons Lang & Co. Terms of the acquisition were not disclosed. The acquisition will enable Harwood to lead Crest Foods into its next phase of growth, the company said.…

Conagra innovation focused on frozen

BOCA RATON, FLA. — Consumers are going to start seeing brands like Angie’s Boomchickapop, Bertolli, Chef Boyardee, Dolly Parton and Vlasic in new categories. As part of its 2024 innovation agenda, Conagra Brands is planning to extend each into new…

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