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Economy and financeHershey closes out one of the strongest years ever
Revenue 2022 at $10.4 billion up 16.1 percent and sales up 12 percent
Hershey Company, one of the world's chocolate giants, today announced its results for the fourth quarter and full year 2022 ended Dec. 31. Just a few items suffice to highlight that we are talking about... more
Economy and financeCNH, delisting from Piazza Affari and record results in 2022
The Exor tractor factory remains listed only in New York: last year revenues up 26.7%
Cnh Industrial leaves Piazza Affari. The tractor group of the Exor galaxy has announced its intention to proceed with the delisting from Borsa Italiana by the beginning of 2024. The group will remain listed... more
Government actsEU cracks down on pesticides to protect bees
From the EC new rules to lower the maximum levels of two neonicotinoids in food
The European Commission has adopted new rules which, once enforced, will lower the maximum residue levels of two pesticides in food. Evaluations by EFSA, the European Food Safety Authority, have in fact... more
Economy and financeEIB, Italy first EU country for green loans
In 2022, 55% of total resources disbursed to our country for the fight against climate change and environmental sustainability
In 2022 Italy was the first country for loans and resources managed by the EIB Group. This was stated in an official statement by the group made up of the European Investment Bank and the EIF, the European... more
Studies and researchMunich throws a poisoned apple at Val Venosta
In a study, the Umweltinstitut München accuses producers in South Tyrol of uninterrupted use of banned pesticides
The one launched by the Umweltinstitut München, the environmental institute of Munich in Alto Adige, or even better in Val Venosta, is a sort of "poison apple". In fact, the Bavarian institute accuses... more
NewsIs the BSE back?
New case on a farm in the Netherlands. Still to be verified whether it is an atypical or classic type of BSE
It hadn't been talked about for years now. That is, until a new case of mad cow disease emerged from the Netherlands. Not many details are available at the moment, except that the infection was found on... more
Studies and researchCrisis drives investment in agritech
As many as 797 agri and foodtech startups raised $ 10.66 billion in 2022: trend confirmed for 2023 as well
Investors have become more cautious in 2022, but the agritech sector has performed significantly better than others, especially in Europe. In short, the Old Continent is proving to be a key market in terms... more
WinesWine Oscar 2022 goes to Abruzzo
Italian region receives prestigious Wine Star Awards in San Francisco
Abruzzo is the wine region of 2022. The award was bestowed at the Wine Star Awards, in San Francisco, and is given by the international magazine Wine Enthusiast to the most interesting wine regions in... more
ZootechnyChina: cloned three "super cows"
Beijing's goal is to drastically reduce cattle imports
It's time for cattle cloning in China. From Beijing comes news of three "super cows" capable of producing an exceptional amount of milk, all three successfully cloned. Chinese state media report this,... more
DessertsBakery: Ferrero acquires Fresystem
Company specializing in frozen, sweet and savory baked goods
Strengthening in foodservice for the Ferrero Group, which today announced the acquisition of Fresystem, an Italian company that is a market leader in the "Italian breakfast" frozen bakery sector, known... more
Economy and financeDole sells its vegetable division to Chiquita
The deal is worth approximately $ 293 million
Dole sells its fresh vegetable division to a subsidiary of Fresh Express, a subsidiary of Chiquita Brands International. The deal is worth approximately $293 million and is subject to "some adjustments."With... more
DessertsWorld Nutella Day: 16 years of 'social' celebrations
Sunday 5 February the virtual global event is renewed to share stories and recipes
The rendez vous with the World Nutella Day is renewed next Sunday. Nutella's supporters and fans from all over the world will unite to celebrate World Nutella Day, gathering on social media to share their... more
ZootechnyUsa: cattle down 3% in one year
The number of dairy cows increases but the calves decrease
There were 89.3 million head of cattle and calves on U.S. farms as of Jan. 1, 2023, according to the Cattle report published today by the U.S. Department of Agriculture’s National Agricultural Statistics S... more
Economy and financeConsumer prices 2023: inflation in sharp decline
However, widespread tensions remain on the prices of processed food goods, and other goods and services /Annex
According to preliminary estimates, in January 2023 the rate of change of the Italian consumer price index for the whole nation (NIC) was +0.2% on monthly basis and +10.1% on annual basis (from +11.6%... more
Catering and hospitalityEataly appoints new Group Chief Commercial Officer
Alberto Colombo will have to support the improvement and development plan of the group
Alberto Colombo is the new Group Chief Commercial Officer of Eataly. By this role "he will be responsible for marketing, purchasing, operation, B2B, franchising and partnership activities. His role - explains... more
Fruit and vegetablesApofruit: a fair dedicated to the new products
The cooperative will be present at Fruit Logistica with a renewed stand, together with all the companies of the Group
The Apofruit Italia cooperative arrives at Fruit Logistica 2023, with a stand that promises to be full of novelties. During the most important international fair dedicated to the world of fruit and vegetables,... more
Government actsUE takes stock after a month of the new CAP
Commissioner Wojciechowski says he is convinced that the Member States have drawn up effective strategic plans
"Today ends the first month of the new CAP: it is a good time to take stock of where we are and where we are going". This was stated by the European Commissioner for Agriculture and Rural Development Janusz... more
Government actsEnvironment: competencies at European level need to be reviewed
Request from the agriculture Ministers of 16 member States to the EU Council
The division of responsibilities at EU Council level on proposals concerning the environment and the primary sector needs to be reviewed in order to strengthen the role of agriculture ministers. This is... more
Economy and financeMcDonald's ends year on a high note thanks to pricing policy
2022 revenue at $23.2 billion, net income of $6.17 billion
McDonald's has beaten Wall Street estimates on quarterly profit. The U.S. burger giant announced it ended the fourth quarter with net income of $ 1.9 billion (or $ 2.59 per share), up from $ 1.64 billion... more
Studies and researchThe mozzarella di Bufala campana POD sector grows
From 2016 to 2022 production up 26%, exports +9% in 2022: fears over inflation and price increases
The mozzarella di bufala campana POD cheese sector is growing, although it shows it is paying something due to the difficult economic situation of the past year. Mozzarella di bufala campana turns out... more
Ice creamUnilever unveils first sweet and sour popsicle
Marketed in Uk and Ireland by Wall's, the Algida brand from across the Channel, it contains real fruit juice
Unilever introduces the first "sweet and sour" popsicle. It is called Twister Fruit Zingerrr and has just been launched by Wall's, the British brand of Italian Algida (whose Viennetta, Magnum and Cornetto... more
Economy and financeClabo showcases an upbeat 2022
The company that serves bakeries and cafes closed with revenues up 15.8 percent. Good performance in the U.S.
Consolidated revenues of 58.8 million euros, up 15.8 percent from the previous year, and sales of 51.4 million euros, up 16.2 percent. These are the highlights of the 2022 financial statements of Clabo,... more
WinesItalian Wine Brands first Italian wine group by size
The company closes 2022 with pro-forma consolidated sales at +5.2% on the previous year
The Board of Directors of Italian Wine Brands SpA (IWB) has approved the consolidated revenues on an annual pro-forma basis for a total of Euro 430.4 million (+5.2% on 2021). The results achieved position... more
NewsAl Bano: "What do the Irish know about wine?"
The singer intervenes in the labeling debate: "An unacceptable nonsense"
Al Bano Carrisi strongly criticized the Irish initiative regarding wine labeling. The singer, who is also a wine producer in his hometown, Cellino San Marco (Br), entered the debate in an interview with... more
DessertsPastilles Leone's new life starts again from chocolate
The historic company, now owned by Barilla, doubles its Collegno (TO) plant and aims to triple sales in 5 years
The historic Turin-based Leone tablet company is reborn. Founded in 1857 and passed into the hands of Luca and Michela Barilla since 2018, it is now doubling its Collegno headquarters with a green factory... more
HealthCoffee is good for you, say six out of ten dieticians
According to EFSA, the correct daily dose is estimated to be between three and five cups a day
Drinking coffee in moderation brings benefits to our body. Almost two-thirds of European dieticians claim it according to what emerges from a recent survey by the European Federation of Associations of... more
PeopleHein Schumacher new CEO of Unilever
The former CEO of FrieslandCampina will replace the outgoing Alan Jope from 1 July 2023
Unilever has announced the appointment of Hein Schumacher as the company's next CEO. Schumacher , 51, married, father of three, he is currently managing director of global dairy and nutrition company Royal... more
WinesItalian direct farmers Association blesses the triple alliance on wine
In the EU one out of two bottles comes from Italy, France and Spain: rightly they are against alarmist labels
“The alliance between Italy, France and Spain is important and significant: together they represent almost one out of two bottles of wine, that is 47% produced in the world”. This is what the president of... more
Economy and financeWalmart increases wages in US hypermarkets
About 340 thousand employees in 3,000 stores will benefit
Walmart, the U.S. retail giant, has decided to increase the average hourly wage for workers in its stores starting next February. The new increases will bring the average hourly wage to $ 17.5 from the... more
IndustryCarraro (agricoltural machinery) expands in India
New plant inaugurated in Ranjangaon (Pune) for the production of gears
Carraro Group grows again in India. The Padua-based multinational agricultural and construction machinery company opens a new production area in the country. With the inauguration yesterday in the presence... more