• 16 Jan
    Coca Cola affiliates in Chile to buy the company that produces the Guallarauco brand

    Coca Cola affiliates in Chile to buy the company that produces the Guallarauco brand

    CHILE     The Chilean affiliate of Coca-Cola Co (KO.N) and local bottlers of the brand agreed to buy smaller rival Comercializadora Novaverde SA for $80 million, the companies announced.
    Embotelladora Andina AND_pb.SN, Embonor EMB_PB.sn Coca-Cola del Valle New Ventures and Coca-Cola de Chile agreed to buy the company best known for producing the brand of juices, ice cream and frozen fruits Guallarauco from Inversiones Siemel SIE.SN, according to a securities filing in January. The merger is subject to approval by regulators.

    Source: Reuters

    By Caroline Calder News
  • 16 Jan
    Budget proposal to reduce taxes on fruit-based aerated drinks

    Budget proposal to reduce taxes on fruit-based aerated drinks

    INDIA    The Indian Food Ministry has proposed that the tax rate on fruit-based aerated drinks should be reduced in the Union Budget 2018 reportedly asking the Finance Ministry to remove the cess* on these drinks. This would apply to drinks like Fanta and Appy Fizz which attract 28% GST along with 12% cess, which makes a total of 40% tax.

    The Indian Beverage Association (IBA) have also made representations to the government about lowering the rate of cess in GST rates on aerated drinks highlighting concerns that what is effectively a tax rate of 40% on the category would impact the industry’s growth.

    In 2016, Prime Minister Narendra Modi suggested mixing at least 2% fruit juice in aerated drinks to help farmers find a new market for their produce. “Why can’t 2% natural juice be mixed in aerated drinks? This will provide farmers with a market for their produce,” he explained. Coca-Cola India was reported to be exploring options for doing so.

    * A cess imposed by the central government is a tax on tax, levied by the government for a specific purpose. Generally, cess is expected to be levied till the time the government gets enough money for that purpose.

    Source: Financial Express India

    By Caroline Calder News
  • 16 Jan
    Unwanted fruit makes up new range of juices from Cotchel

    Unwanted fruit makes up new range of juices from Cotchel

    UK     In an attempt to reduce food waste on the family run farm in the south east of England the Cotchel brand is using all the reject fruits from the farm that can’t be sold for the production of its juices no matter how ugly, deformed and what size they are. Pete Thompson, Founder of the Cotchel brand and third generation farmer commented that: “Every year tonnes of fruit is wasted around the country because it’s too big, too small or too ugly to be sold. Instead of letting the unwanted fruit from our farm be wasted or processed off the farm, we decided to turn it into something delicious. Cotchel is all about creating a great-tasting fruit juice using fruit we can’t sell and taking small steps towards reducing food waste.”
    The range is now available in selected retailers in south-east England.

    Source: FoodBev

    By Caroline Calder News
  • 16 Jan
    New cold-pressed organic juice range launched by 7-Eleven

    New cold-pressed organic juice range launched by 7-Eleven

    USA      7-Eleven – the largest convenience store chain in the US has launched a range of private label organic cold-pressed juices as part of the group’s ongoing plans to improve its food and beverage offerings in 2018. The juices which are USDA-certified, form part of the chain’s 7-Select GO!Smart line of better-for-you products and the 14-ounce bottles have been priced to sell at less than USD3.00 in an attempt to undercut juice and smoothie bars.

    As well as being organic, the juices claim to contain certified fair trade, Non-GMO Project verified, 100-percent fruit and vegetable juice, not from concentrate, with no additives and no added sugar.
    The four juices launched so far are Clean & Green (made with kale, cucumber, apple, spinach, mint, celery, lime, and parsley), Tropical Glow (made with pineapple, orange, banana, apple, mango, passionfruit, and coconut water) Berry & Bright (made with tart cherry, carrot, blackberry, pomegranate, bilberry, cranberry, and acai) and Restoration Red (tomato, tart cherry, beet, strawberry, apple, and lime).

    “When you compare this new line of 7-Select GO!Smart cold-pressed juices head-to-head with nationally recognized premium juice brands, well, there is no comparison,” Tim Cogil, 7-Eleven director of new product development, said in a statement. “Ours are organic and cold-pressed, without additives and not from concentrate. Typically, this level of quality is only found at juice and smoothie restaurants.”

    Source: Food&Wine

    By Caroline Calder News
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