Indian food regulatory authority, Food Safety and Standards Authority of India, is likely to do away with approvals for food products if the ingredients used in them have received clearance before itself and are declared safe.
Nestle expects to relaunch Maggi noodles in the Indian market by the end of this year. This comes after the Bombay High Court lifted the ban on the noodles last month and directed new tests within six weeks to check compliance with the country's food safe
JBS has acquired the global operations of Australia’s Primo Smallgoods Group for $1.25 billion. JBS Australia acquired the group in an all-cash deal that is still subject to approval from local regulators.
Indonesia's PT Indofood Sukses Makmur Tbk, one of the world's biggest instant noodle makers, has agreed to sell its entire 49 percent stake in a unit to Japan's Nissin Foods Holdings Co Ltd for $5.4 million.
China's largest food and beverage maker Tingyi (Cayman Islands) Holding Corp (0322.HK) said on Monday its first-half net profit rose 17.9 percent, helped by falling prices of raw materials and increased controls over operational costs.
Instant noodle and beverage maker Uni-President China Holdings Ltd plans to raise up to 1 billion yuan ($162 million) via an issue of yuan-denominated notes, bringing in money for general working capital.