Credit insurer Coface said that organic farmers in France need to boost organic food production to meet the fast-growing demand or shoppers will increasingly turn to imports, which already accounts for 29% of the organic food consumed in the country.
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Having recently acquired Chameleon Cold-Brew, Nestle has spent $2.3 billion to purchase Atrium Innovations, which owns the organic vitamin and meal replacement brand Garden of Life.
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In a huge victory, Mexico has banned the commercialization of its Monsanto’s GMO-soy in seven states.
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Europe’s top court ruled that Italy’s 2015 ban on GMO-cultivation was unlawful. The ruling appears to be ceremonial since new EU rules give member states the ability to opt out of allowing cultivation.
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Seeking to boost its supply of organic and grass-fed meat, Amazon is meeting with a dozen ranchers to discuss distribution possibilities. Amazon working directly with farmers is a trend that will only continue.
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As of July 7th, California will add glyphosate, the primary ingredient in Monsanto’s RoundUp, to its list of chemicals that cause cancer. Companies selling products that contain glyphosate will now be required to add warning labels — a massive blow to Monsanto.
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Washington’s governor has signed legislation paving the way for organic certification for marijuana. Given that the federal government owns the term “organic”, navigating this will be a tricky legal endeavor.
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In further consolidation in the organic chicken sector, Pilgrim’s Pride has acquired GNP Company for $350 million.
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Pepsi has officially announced its acquisition of probiotic drinks company KeVita, although financial terms were not disclosed. Rumors, however, put it in the $500m range.
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With the market flooded with a ton of meal kit delivery services, the giant of the health food world, Whole Foods, is getting into the game with Purple Carrot.
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Investment management firm Oaktree Capital purchases $85 million of preferred shares from embattled organic commodities firm SunOpta.
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If you thought the U.S. organic sector was on fire, things are even stronger in France, where growth for 2016 is expected at 20%.
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In massive acquisition news, Danone has taken out WhiteWave Foods for $12.5 billion to become the leading player in the organic dairy market. WhiteWave has long been rumored as an acquisition target.
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