The Mexican bread titan reported record sales and profits for Q3 2022, along with the acquisition of the UK bakery manufacturer, in a deal thought to be worth more than £300m.
CSM Ingredients is entering Latin America through a strategic partnership with Chilean player ICB. FoodNavigator catches up with CSM CEO Aldo Uva to learn more about how this expansion positions the European supplier for further growth.
Bimbo Bakeries USA (BBU) has released its 2021 Diversity, Equity & Belonging report, highlighting its successes over the past 10 years, and laying out goals for the next three.
Mexican bakery giant Grupo Bimbo posted a 66.9% increase in fourth quarter net profit, along with a 74.7% bump up for FY 2021 to reach 15.9 billion pesos ($78m).
The Round Table on Sustainable Soy (RTRS) is launching a Corn Standard for certified soy farmers currently located in Argentina, Brazil, India, Paraguay, and Uruguay.
The Mexican bakery giant posted new highs for the second quarter – with a 16.2% increase in sales and adjusted EBITDA growing nearly 37% – as it motivated to revitalise those channels and categories that suffered during the pandemic.
The world’s largest bakery company posted outstanding financial results, reported significant market share gains, was recognised as one of the world’s most ethical companies for the fifth consecutive year and increased its global use of renewable electricity...
Chile's Algramo sells branded goods in reusable packaging, saving money for manufacturers - such as Nestlé and Unilever - and reducing plastic waste. “We keep packaging in the economy and out of the environment,” it says.
Brazil's Marfrig pledges to keep all its meat plants operating; Mercado Libre cuts commission for non-perishable food products; Ambev brewery is now producing alcohol gel. We take a look at how the food industry is responding to the coronavirus outbreak...
A Brazilian biotech start-up is custom-designing novel, natural yeast strains that can be used to make plant proteins, replace artificial additives and boost the bioavailability of minerals.
When ultra-processed food costs more, it is associated with lower prevalence of overweight and obesity in Brazil, suggesting taxes could be an effective tool to fight obesity, argue the authors of a recent study.
Starting in Mexico and Brazil, Nestlé will plant three million trees, restore degraded ecosystems and help farmers switch to agroforestry methods in a bid to make its supply chain more resilient.
Mexico's nutrition label is once again on path to enter into force as a court revokes the decision to provisionally suspend it, although industry says it will continue to oppose the regulation using "all legal means".
A judge has temporarily suspended Mexico’s front-of-pack warning label following a request lodged by business lobbies on the grounds it was not widely consulted or based on scientific evidence.
Brazil’s GMO logo has been mandatory since 2003 but three-quarters of Brazilians do not recognize it, according to a recent study. Should it be removed - as a draft law currently proposes - or redesigned?
The Colombian government and food industry have agreed on warning nutrition labels that will become mandatory on unhealthy food and drink products sold in the country.
Using a patented technology, Brazil's Fibervita transforms co-streams from the cassava processing industry into a multi-functional ingredient that can clean up processed products' ingredient lists, it says.
CONACADO cocoa cooperative: 'This could destroy businesses like ours'
The European Union’s proposed organic regulation will break up organic, Fairtrade, and small-scale farmers’ cooperatives, meaning they will struggle to survive in the global market, says Fairtrade International.
Certified sustainable palm oil supplier Agropalma's investment in a specialty ingredients refinery has allowed Brazilian manufacturers to source key ingredients, such as cocoa butter substitute, domestically, it says.
For the sixth consecutive year, baked-goods company Grupo Bimbo topped the Merco ranking of companies with the best corporate responsibility and governance practices in Mexico.
An Internet of Things (IoT) kitchen appliance that cooks gourmet desserts made with clean label ingredients in minutes is looking to shake up the dessert category, says its Argentinian founder.
Grupo Bimbo is looking to scale up innovative startups throughout Latin America with the launch of two accelerator programs, Eleva and BakeLab. “We're looking for the next great ventures in Latin America,” it says.
Tomorrow Foods says its turnkey protein isolates made from sustainably sourced pea, rice, mung and chickpea can help Latin American food manufacturers “join the plant-based revolution” without having to invest in R&D.
Operating in both Silicon Valley and Argentina, Michroma uses CRISPR-engineered filamentous fungi to create novel, natural food colors, and is already attracting interest from multinational food manufacturers.
Food industry groups have criticized Mexico's newly approved nutrition label regulation, warning that the US, EU and Switzerland have voiced objections before the World Trade Organization (WTO).
Made from mango seeds and peel that normally go to waste, Manguifer is an insoluble fiber that can partly replace fat and sugar, making processed foods healthier and cheaper, says Genius Foods.
Product and consumer surveys across the island of Ireland have revealed a number of health misperceptions when it comes to gluten-free snacks, according to NGO SafeFood.
Mexican food manufacturer Kua Foods, which has a mixed portfolio ranging from healthy smoothie mixes to candy, is following Mexico's nutrition label developments carefully. "We’re not worried, just waiting to see," says its business manager....
GriYum and Hakkuna, two cricket companies from Mexico and Brazil, talk to us about why they think insect protein has the potential to make food in Latin America more nutritious and sustainable.
Brazilian consumers are interested in buying products made with nopal cactus, seen as a healthy functional food, according to a recent study. But how much export potential does the cactus really have in Latin America?
Sodium intake in Peru may be more than double WHO recommended limits and campaigns to reduce this should focus on mothers - the primary decision-makers for food purchases and meal planning, according to recent research.
Soluble corn fiber can reduce the sugar content in chocolate by up to 50% while retaining similar levels of sweetness and leaving no aftertaste, according to a recently published patent by Mondelēz International.
Simpleat delivers healthy, home-made meals to consumers' doors and is gearing up to launch in Chile and beyond. "We validated our business model in Argentina; it’s time to take it to the rest of Latin America,” says its co-founder.
Most nixtamalized corn products in Mexico are below limits for the carcinogenic aflatoxin, AFB1, but the prevalence of corn in the daily diet means the contaminant is still cause for concern, say researchers.
Growing palm oil on degraded pasture instead of deforested land can reduce net ecosystem carbon losses by 99.7% and results in a crop that is almost completely carbon neutral, according to a Colombian study.
Brazilian food regulatory agency ANVISA has announced a 2% limit on industrial trans fats in all food and drink products and total ban on partially hydrogenated oils by 2023.
Coffee and cocoa farmers often grow avocado and mango as part of sustainable agroforestry systems - but these are vulnerable to climate change and should be swapped for more resilient crops, according to a recent study.
With a rise in ketotogenic-friendly product launches to a recently launched low-carb front-of-pack logo, Brazil's keto market may be small but it interest is growing.
Fewer sugary breakfast cereals are using child-targeted marketing tactics since Chile’s strict food regulation, while healthier cereals are adding fun characters to their products, according to recent research.
Demand for blue corn products in Mexico is booming and consumers are willing to pay a premium price of up to 33%, according to recent research by CIMMYT.
Bonsucro is a global multi-stakeholder organization that aims to promote sustainable sugarcane production, processing and trade through voluntary certification.
Leveraging climate finance to scale climate-smart rice production is the ‘cornerstone’ of global food security and ‘urgently needed’ to avert civil unrest, a new report by Earth Security Group (ESG) has found.
Costa Rica is moving towards its goal of emitting zero net carbon emissions by 2050, protecting biodiverse farming areas and co-leading the UN's One Planet Network - but still has a long way to go to fully decarbonize its economy, say experts.
Kellogg’s decision to remove added vitamins and minerals from some of its most popular cereal brands in Mexico will cost the country US$250 million in health and social impacts, says a coalition of non-profit organizations.
