Chicago/Antananarivo, Madagascar | Reuters — A kilo of vanilla beans costs more than a kilo of silver. Cultivated painstakingly over years from an orchid plant, vanilla is the second most expensive spice in the world, after saffron. In less than five years, the wholesale price has risen nearly 500 per cent, partly because of growing […] Read more
Tag Archives nestle — page 2
Spice maker seeks path to make vanilla milkshakes cheaper
Nestle, Hershey at odds with farmers over U.S. GMO labeling
New York | Reuters –– The world’s top food companies and farmers of crops such as beet sugar are pitted against each other as they lobby the U.S. government over plans to label genetically engineered ingredients. At the heart of the issue is transparency over ingredients used in food. Packaged foods makers are facing flagging […] Read more
Nestle to spread out at London ice cream plant
A multi-phase overhaul at Nestle Canada’s southwestern Ontario ice cream factory is moving further ahead with a plant expansion. The company’s London, Ont. ice cream plant, which has operated since 1966 and supplies brands such as Haagen-Dazs, Drumstick, Parlour and Skinny Cow for all of Canada, is in the midst of a four-phase, $51.5 million […] Read more
Nestle to buy Canadian nutrition firm Atrium
London | Reuters — Nestle is buying Canadian vitamin and nutritional supplement maker Atrium Innovations for US$2.3 billion, expanding its presence in consumer healthcare as it seeks to offset weakness in packaged foods. The world’s largest packaged food company said on Tuesday it will buy the maker of vitamins, probiotics and meal replacements from a […] Read more
Nestle, Coke end Nestea iced tea venture
Zurich/London | Reuters –– Nestle and Coca-Cola have agreed to end their Nestea iced tea joint venture after 16 years and pursue separate strategies in the fast-changing bottled drinks market. The companies formed Beverage Partners Worldwide in 2001 to sell Nestea around the world but the brand has faced fierce competition from Lipton iced tea, […] Read more
Nestle pledges cage-free eggs for Canadian wares
The Canadian arm of Swiss food processing giant Nestle has promised to shift its egg supply to “cage-free” sources by 2025. Nestle Canada, whose products using eggs include some of its Lean Cuisine meals and Real Dairy desserts, said Wednesday it was “dedicated to working with Canadian farmers to make this transition.” The Canadian business […] Read more
Nestle to switch to cage-free eggs in U.S. by 2020
New York | Reuters –– Nestle said Tuesday it will stop using eggs laid by caged hens in its U.S. products by 2020, making it the largest packaged food company to go cage-free amid pressure from consumers and animal-rights groups. The world’s largest food maker said it uses about 20 million pounds of eggs annually […] Read more
Nestle says taking action to keep top slot in food industry
London | Reuters — Nestle told shareholders Thursday it is taking steps to maintain its position at the head of the global food industry, where consolidation will create two big new rivals. Nestle chairman Peter Brabeck-Lemathe told the company’s annual shareholder meeting the creation of Kraft Heinz Co. and Jacobs Douwe Egberts, as well as […] Read more
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