AGP Executive Report
Last update: an hour agoBeverage Shake-Up: KFC will replace PepsiCo drinks with Coca-Cola at U.S. restaurants in 2027, ending a nearly 40-year partnership. Separately, McCormick’s $44.8 billion deal for Unilever’s food business cleared a U.S. antitrust hurdle. Food Security: World Food Day brought calls for more local production and processing. Guyana is expanding crops and agro-processing to curb imports, while Lagos aims to double food self-sufficiency to 40% with a ₦500 billion fund. In the Philippines, rice inflation in Bukidnon surged to 38.3% in September, worsening pressure on low-income households. Industry Investment: Canada pledged C$50 million to food-sector innovation, while BC Food & Beverage advanced plans for a proposed 750,000-square-foot distribution, processing and innovation hub near Vancouver. Regulation: Food-label rules across India and Southeast Asia are under scrutiny as governments weigh public-health protections against commercial interests.
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