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Food and Beverage Beverages

  • HONG KONG, Jan 8- China Resources Beer Co Ltd said on Monday it had "moderately" raised prices of some of its products in certain regions, becoming the latest Chinese drinks maker to confirm price increases in response to higher packaging, raw material and labour costs. The owner of China's top beer brand, Snow, said it had adopted various measures, including lean...

  • Cramer’s Exec Cut: Maker of Corona sees big business potential in the legal marijuana market

    Jim Cramer sat down with top CEOs spanning the market to talk nuclear power, wellness and the business behind weed.

  • Liquor brands CEO says company is positioning to capitalize on the rise of cannabis

    Jim Cramer spoke to Constellation President and CEO Rob Sands about his company's take on cannabis and the rise of high-end liquor.

  • TORONTO, Jan 5- A small Canadian stock exchange said on Friday it has asked marijuana companies to provide details on risks they face from any U.S. operations in the wake of a Trump administration move to boost enforcement of anti-cannabis laws. The U.S. Justice Department on Thursday rescinded an Obama-era policy that had eased enforcement of federal...

  • NEW YORK/ LONDON, Jan 5- Arabica coffee, raw sugar and cocoa on ICE Futures U.S. fell on Friday with a firmer dollar helping to halt recent run-ups. *March arabica coffee settled down 1.1 cents, or 0.85 percent, at $1.2845 per lb. * "End-of-week profit taking is being helped along by the move in the dollar," said Hector Galvan, a senior market strategist with RJO Futures in...

  • LONDON, Jan 5- Raw sugar and arabica coffee futures fell on Friday with a firmer dollar and a retreat in crude oil helping to halt recent run-ups, while cocoa prices also weakened. *March raw sugar was off 0.11 cent or 0.7 percent at 15.14 cents a lb at 1534 GMT. *March arabica coffee was off 0.55 cents, or 0.4 percent, at $1.29 per lb, extending its retreat from a 2-1/ 2 month...

  • Jan 5- Premium beer maker Constellation Brands Inc posted a 21 percent surge in profits for its third quarter, as retailers stocked more Corona Extra and Modelo Especial beers during Labor Day and Thanksgiving. The Victor, New York- based company's net income rose to $491.1 million, or $2.44 per share, in the quarter ended Nov. 30, from $405.9 million, or $1.98 per...

  • The CMA, which has undertaken an initial investigation of the deal, said on Wednesday that it had concluded the purchase could result in higher prices or lead to lower quality standards for some juice drinks that both companies supply in the UK. "With the clearance we received earlier in the process from the U.S. and Canadian regulatory authorities and the...

  • Wine glasses, cheers

    Ray Isle, "Food & Wine" magazine, provides insight to the wine industry heading into the new year.

  • NEW YORK, Dec 28- It took just a spoonful of a simple tub of yogurt with passion fruit puree on a trip home to her native Australia to nudge Koel Thomae into a new career. Thomae, who had worked in various food companies such as IZZE Beverage Company, had no dairy experience before founding her noosa brand of yogurt in 2009, based on that taste from home.

  • NEW YORK, Dec 28- It took just a spoonful of a simple tub of yogurt with passion fruit puree on a trip home to her native Australia to nudge Koel Thomae into a new career. Thomae, who had worked in various food companies such as IZZE Beverage Company, had no dairy experience before founding her noosa brand of yogurt in 2009, based on that taste from home.

  • NEW YORK, Dec 27- South Africa will start to tax sugary drinks next year, which could have an impact on $5 million worth of U.S. beverage exports, the U.S. Department of Agriculture said on Wednesday. The South African government said on Dec. 15 that it will start to collect a levy of 2.1 cents per gram of sugar on drinks where sugar content is above 4 grams per 100...

  • Tax bill stocking stuffers: Carve outs for brewers

    CNBC's Ylan Mui looks at industries that will benefit from the new tax bill, like brewers.

  • Dec 23- Makers of craft beer, artisanal spirits, hard cider and mead may lift their glasses a bit higher next year as the result of a little noticed provision in the sweeping tax overhaul the U.S. Congress passed this week. "I've been working on the issue since 1993," said Arthur DeCelle, a McDermott Will& Emery lobbyist working for the brewing industry.

  • NEW YORK, Dec 22- Stocks that surged in recent weeks because of the cryptocurrency mania have managed to hold onto most of their gains despite the recent retreat in the price of bitcoin and skepticism from market participants. For example, shares of Long Island Iced Tea Corp jumped nearly 300 percent on Thursday after the beverage maker said it would rename...

  • The list also captures the surge in market value since the close on Oct. 11, a day before bitcoin crossed the $5,000 mark. Market cap as of Oct. 11: $68.6 mln. Market cap as of Dec. 20: $300.6 mln.

  • PARIS, Dec 21- Dairy giant Lactalis announced on Thursday a further recall of baby food products after establishing a source of contamination at a French factory which has been linked to cases of salmonella bacteria. Lactalis said it was recalling as a precaution all infant formula and other baby food products made at its factory in Craon, northwest France,...

  • *Deal marks Asahi's latest divestment from China's beer market. TOKYO/ HONG KONG, Dec 20- Chinese conglomerate Fosun International is taking a large chunk of Tsingtao Brewery Co after Japan's Asahi Group Holdings said on Wednesday it would sell its entire 19.9 percent stake for a total of 106 billion yen. Asahi said in October it was considering selling its stake...

  • TOKYO/ HONG KONG, Dec 20- Japanese brewer Asahi Group Holdings said on Wednesday it would sell its entire 19.9 percent stake in China's Tsingtao Brewery Co, partly to Chinese conglomerate Fosun International and partly to Tsingtao itself, for a total of 106 billion yen. Asahi said in October it was considering a sale, its latest divestment from China's beer market...

  • TOKYO, Dec 20- Japanese brewer Asahi Group Holdings said on Wednesday it would sell its entire 19.9 percent stake in China's Tsingtao Brewery Co, partly to China's Fosun and partly to Tsingtao itself, for a total of 106 billion yen. Asahi said in October it was considering the sale, its latest divestment from China's beer market as it seeks to expand its business in...