Search Results for: Russia

Russian food retailers are expanding their offerings of ready-to-heat food in response to growing demand from consumers. The Covid-19 pandemic has encouraged sales, as an alternative to eating out, but it is building in longer-term trends among Russian consumers, particularly in large cities, to seek out convenient food product options.…

WITH market researchers such as Polaris predicting that the global vegetable-based meat product market will generate USD35.4 billion in sales by 2027, major and small food tech companies are working hard to tap this growing niche. Polaris predicts that the segment will expand with a compound annual growth rate of 15.8% between 2020 to 2027, so there is space now for innovative products to attract market share.…

Traditionally a society of meat lovers, Russians are now developing a taste for vegetable and cereal-based products that reflect the taste and texture of meat – food manufacturers are eager to cater to this trend.

International companies have been entering this segment in Russia, while ambitious local startups are rapidly expanding their production capacities.…

Dairy industry leaders have criticised European Parliament proposals to publish the names of those using the European Union’s (EU) storage aid scheme for powdered milk and butter as the EU reforms its Common Agricultural Policy (CAP).

The European Commission protects producers when dairy prices crash through CAP fixed price purchases of limited quantities of butter and skimmed milk powder (SMP), which can be stored longer than milk.…

THE NEW campus of the University of Cape Verde (Uni-CV), which has cost almost USD60 million to build and should open next March (2021), is expected to attract more national and international students and researchers to this island country. The launch of this modern facility has been delayed from July (2020) because of Covid-19, but it is hoped the March opening will stick.…

Mavi, the Turkish denim giant, sold 9.7 million pairs of jeans worldwide in 2019, and, its chief executive has told just-style, has rebounded from the shuttering of the garment sector earlier this year with e-commerce sales doubling in its major markets.…

THE USA’S Office of Foreign Assets Control (OFAC) has settled two cases involving Deutsche Bank Trust Company Americas, accused of breaching US sanctions designed to impede companies and individuals aiding Russia’s contested annexation of Crimea from Ukraine.

DB has agreed to pay USD425,600 and USD157,000 to the US Treasury to settle these cases, where OFAC found the German bank had not deliberately sought to flout these financial controls, but failed to apply correct legally-mandated due diligence.…

A WORLD Trade Organisation (WTO) disputes panel will assess whether import restrictions created by the European Union (EU) to reduce the use of carbon-intensive biofuels comply with global trading rules.

The Indonesian government is challenging portions of the EU’s renewable energy directive (RED) linked to EU guidance limiting the indirect land use change (ILUC) of biofuel feedstock cultivation.…

The cutting edge IT field of quantum computing is developing across Africa, with South Africa considered the hub, in part through an IBM centre in Johannesburg that enables academics throughout the continent to freely access its quantum computer network, based in the USA, through the cloud.…

The executive director of International Sugar Organisation (ISO) wants his body “to work more with the confectionery sector”, as it strives to debunk junk science that derides the nutritional value of sugar. José Orive told Confectionery Production that ISO wanted to succeed in presenting “scientific evidence-based information” about sugar’s health impact so the reputation of confectionery products is not “blackened with funky fake data”. …