November 25, 2022 — This week in industry news, Nestlé and L Catterton have formed a partnership focused on the fresh prepared foods sector. Danish Crown revealed its latest investment for a new bacon factory in the UK and Lesaffre strengthened its presence in Australia. Meanwhile, Ecotone became the world’s highest-scoring global feed business in B Corp recertification and a new report examined the cost of pork production in 17 countries.
In summary: commercial movements
UK supermarkets are limiting the number of eggs consumers can buy. big chains like Aldi, Asda, Lidl, Marks & Spencer, Morrisons and Tesco they only allow customers to go home with a couple of cartons of eggs, as the bird flu has hit the producers hard. Farmers are calling for prices to rise to make ends meet as other headwinds, such as high chicken feed prices and skyrocketing energy costs, weigh in.
Nestle Y cattertonThe new partnership brings together Freshly and Kettle Cuisine, a manufacturer of fresh artisan foods for retail and foodservice customers. The combined company will focus on offering a wide variety of fresh food products to customers in all geographies and various channels. L Catterton will be the majority owner and Nestlé will have a minority stake.
Nestle focuses on developing affordable food and beverages that incorporate nutritious plant proteins to help people achieve adequate and balanced diets. With this in mind, Nestlé has developed a shelf-stable blend of plant-based protein powders to affordably complement egg dishes in Latin America. When cooking their favorite egg dishes, people can replace some eggs with the nutritious soy.based alternative, resulting in an equal amount of protein and a reduction in saturated fat and cholesterol at a lower cost compared to using more eggs instead. The product is fortified with iron to address one of the major micronutrient deficiencies. It is versatile for many dishes, such as scrambled eggs, omelets, or baking.
Danish crown has revealed a significant investment in a new processing plant in Rochdale, UK, to deliver high-quality, traceable pork products produced in a more sustainable way and to provide a critical supply of bacon for the UK market. Danish Crown will invest more than £100 million (US$121 million) in the processing plant which will use processing technology to slice and pack bacon and ham produced to UK food safety and welfare standards. Production is expected to begin in the second half of 2023, and once fully operational, the plant will produce more than 900 metric tons of bacon and ham a week.
ICL Food Specialties joined forces with Protera Biosciences, an AI-powered food technology start-up and designer of novel proteins used to develop sustainable, highly functional protein-based ingredients for food manufacturers. The partnership follows ICL’s 2021 investment in Protera through the ICL Planet Startup Hub, which is the vehicle ICL uses to invest in and collaborate with innovative foodtech and agritech companies globally. ICL and Protera will develop and commercialize sustainable protein-based ingredients using precision fermentation.
AAK has acquired 100% of the shares of Arani Agricultural Industries. The acquisition is in line with AAK’s strategy to expand geographically and increase its market share in India’s high-value specialty fats and oils market. Arani operates from the port of Kakinada on the southeast coast of India. In the coming years, AAK will increase capacity and improve efficiency at production facilities. In addition, the investment will support the broader development of the region, and AAK will expand its community impact and support program in India to the recently acquired AAK site.
Lesaffre Australia Pacific opened a molasses extract plant at its production site near Melbourne and unveiled improvements to its Mortlake Sydney baking center, the showroom that trains customers, partners and employees in the art of bread-making. For Lesaffre, strengthening its presence in the region illustrates the group’s desire to expand its geographic presence globally and promote the co-products derived from its activity in a circular economy.
hydrosol it is focusing on cutting costs amid high inflation and exploding energy prices. According to the German-based specialist for stabilization and texturing systems, volatile availability and price fluctuations on the raw material markets are a major challenge for the food industry. The company is working to find ways to reduce the raw materials that create costs in stabilization systems, as well as to develop new systems on this basis. An example is ice cream. Carob gum is a familiar ingredient here thanks to its many functional properties. For example, it provides a slow, smooth melt and prevents the formation of ice crystals. It also gives the ice cream a fuller mouthfeel and makes it creamier and “warmer”. Prices have come down a bit again after a big jump in the spring, but locust bean gum is still four times as much as it was a year or two ago.
In Brief: Sustainability Efforts
ecotone, who works in the organic, plant-based and fair trade food space, has published its latest Food for Biodiversity sustainability report and action plan. The report coincides with Ecotone’s B Corp recertification, making it the world’s highest-scoring global food business with 116.5 points, surpassing its previous score of 91.7 achieved in 2019. The average score for the assessments for B Corp is 50.9, with a minimum certification of 80.
the European Financial Reporting Advisory Group has submitted to the European Commission the first draft of standards for mandatory sustainability reporting by large companies in the EU. This is important for consumers, as it means companies must publish comprehensive and comparable information about their sustainability, from environmental impact to workers’ rights. This will help investors and consumers to invest and buy more sustainably and will help meet the EU’s sustainability targets.
In short: other highlights
The board of directors of the African Development Fund has approved a US$27.9 million grant to Ghana for agricultural value chain development in the Savannah region. The grant will increase the climate-resilient corn, rice and soybean production, support the poultry value chain and generate employment for women and youth. It will increase farmers’ income and support household nutrition, especially in the most vulnerable female-headed households.
the Agriculture and Horticulture Development Board has published an annual report examining the cost of pork production in 17 countries. Pig production cost in selected countries updated with full year data from 2021 showing GB costs for indoor pigs increased 20% to £1.79 (US$2.17) per kg. All EU countries experienced an increase in production costs compared to 2020, with an average cost of £1.50 (US$1.82) per kg deadweight, up 6% in GBP terms. The UK reference price of £1.50 (US$1.82) per kg was 7% lower in 2021 than the previous year, resulting in negative margins for the full year.
by Elizabeth Green
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