In the latest FI Fast Break news podcast, we examine Ingredion’s major acquisition and what it suggests about consumer demand these days.
In other news, Texas Attorney General Ken Paxton is investigating whether Celsius Holdings is marketing its Alani Nu energy drink to children via colorful, “playful” packaging even though it contains up to 200mg of caffeine per can – a level that health experts say can endanger minors, reported CBS News. Full Story
Elsewhere, world cereal prices hit a 19-month high in May, due in large part to rising fuel and fertilizer costs. The overall FAO food index related to cereal rose 2.9% YoY, reflecting the category’s vulnerability to weather-related risks and disruptions in energy and input markets, reported Just Food. Full Story
World Cup soccer fans will drive a surge in beer and tourism spending, with stadium traffic in host cities like NYC and Kansas City spilling into nearby businesses. Foodservice experts expect that 14.4B beers will be consumed. FI Focus
AND LASTLY, the U.S. has confirmed three additional cases of New World screwworm, bringing the total to five. The latest case was detected in a dog from N.M., reported Reuters. Full Story (Sub. Req.)
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