KANSAS CITY — With a new year on its way, food entrepreneurs remain committed to bringing innovative formulations to market. Startups are creating alternatives to mainstream products and are using creativity as a point of differentiation. From plant-based cheese to…
DENVER — The chocolate industry is running more bitter than sweet as cocoa supplies tighten and prices soar, affecting both manufacturers of chocolate confectioneries and consumer pocketbooks. Cocoa prices have jumped nearly 15% since the start of November and are…
Home » Dollar index keeps climbing as week opens Source: Sosland Publishing Co. Recap for February 5 The US dollar index climbed again on Monday as investors continued to digest Friday’s Department of Labor reports showing US employers added more than…
KANSAS CITY — It’s no secret that Canada, the world’s top supplier of oats, has experienced back-to-back years of extraordinary volatility in its oat market. From perilously low oat production in 2021 to record high output in 2022, which sent…
CINCINNATI — Todd Foley has been named interim chief financial officer of The Kroger Co., effective immediately. He succeeds Gary Millerchip, who is stepping down as senior vice president and CFO to take on an executive role at another public…
AMSTELVEEN, THE NETHERLANDS — Dawn Foods has acquired Royal Steensma, a family-owned bakery ingredients manufacturing company based in Leeuwarden, The Netherlands. Active in the bakery market for nearly 185 years, Royal Steensma specializes in fat-based coatings (Souplesse), almond and confectionery…
CHICAGO – McDonald’s Corp. has seen some low-income consumers trade down or move away from the company due to elevated menu prices, and management has set a goal of bringing many of them back in the year ahead. “Call it $45,000…
NEW YORK — Mehek Khera launched Niramaya Foods Indian-based dips in September 2022 to provide consumers with heritage inspired nutrition while meeting modern needs. “These recipes are my great grandmothers and are rooted in (Indian) culture, but are also plant forward…
NEW YORK — Mmmly, a plant-based cookie startup that focuses on better-for-you snacking, has opened a crowdfunding round on Wefunder to help add new classic flavors, debut its first nut-free flavor, and grow in retail. Mmmly was found in 2020 by…
DURHAM, NC. — Elo Life Systems has raised $20.5 million in an oversubscribed Series A2 funding round. The funding round was led by DCVC Bio and Novo Holdings. Other investors included Hanwha Next Generation Opportunity Fund, AccelR8, and Alexandria Venture Investments.…
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