Tyson Foods has joined forces with the Environmental Defense Fund (EDF) for the development of a sustainable food system.
Based in the US, Tyson Foods is a multi-national corporation engaged in the production of chicken, beef and pork.
The partnership will initially focus on land stewardship, with an aim to scale agriculture practices on 500,000 acres of corn to reduce greenhouse gas emissions, as well as improve water quality and maximise farmer profitability.
The project is in line with Tyson Foods’ land stewardship goal to enhance environmental practices for over two million acres of corn production by 2020.
The project will use MyFarms and Farmers Business Network (FBN) cloud-based agricultural technology, which collects production practices information.
Laird Superfood has raised $32m through a private funding round led by WeWork.
The firm intends to use the funds to further improve its product development and acquisitions, as well as create jobs in all departments.
A partnership between the companies will provide WeWork’s members and employees with access to Laird’s offerings at select US locations.
Laird is a food and drink brand, which offers non-dairy creamers, coffee, hydration packs and coconut sugar sweeteners, while WeWork is a provider of a global network of workspaces.
Both the companies involved in the transaction are based in the US.
Archer Daniels Midland (ADM) has signed a distribution partnership agreement with General Starch.
Based in Thailand, General Starch is a leading producer of tapioca starch, while ADM is a US-based company that produces, processes and transports agricultural commodities.
The agreement will allow ADM to distribute a range of General Starch’s modified tapioca products under its brand name for the food industry in most European countries, as well as in the Middle East and Africa (EMEA) region.
The modified tapioca starches are also used in textiles and for wet-end applications.
Drums Food International has secured Rs1.8bn ($25.6m) through a series C funding round led by Danone Manifesto Ventures.
The funding round involved participation from Verlinvest, DSG Consumer Partners (DSGCP) and Cipla’s executive vice-chairperson Samina Vaziralli.
Net proceeds from the funding round will be used for expanding Drums’ footprint in 25 Indian cities. It will also allow the company to add high protein, lactose-free and probiotics to its Epigamia yoghurt brand.
Based in India, Drums is a fast-moving consumer goods (FMCG) company involved in producing ice creams and greek yoghurt.
