Weekly Roundup... 11 January 2022
Grow with Aldi launch.
Now in its fifth year, Grow with Aldi entries are now open to food and non-food Irish producers until the 21 January 2022. Whether you are an artisan cheese supplier, adventurous chilli chocolate connoisseur or innovative baker, Aldi Ireland said that it is looking for business innovators; the bold, the brave, the fearless and the future thinkers who want to get to the next level. Grow with Aldi is a supplier development programme designed to help small to medium sized Irish suppliers in building their brand. The applicants will face a judging panel in February and if successful, they will have their product launched in all 149 Aldi stores nationwide in May as part of the Grow with Aldi Specialbuy promotion.
Above-average light rains last week across most of Ivory Coast’s cocoa-growing regions sustained hopes of a good start to the April-to-September mid-crop, farmers said on Monday. With flowers and small pods proliferating on trees, farmers across the country said good moisture levels would boost chances of an abundant mid-crop from May and improve volumes and the quality of the last stage of the main crop in February and March.
French sugar and ethanol group Tereos said on Monday its subsidiary Tereos Finance Groupe I intended to issue €300 million ($340.17 million) in senior unsecured notes, subject to market conditions, to repay some of its existing debt. The bond would be due in 2027, it said in a financial release posted on its website. According to Reuters, the group had already issued similar notes in October 2020, due in 2025. Tereos, the world's second-largest sugar producer by volume, had been grappling with low prices after the end of European sugar quotas in 2017, which hit the group's results for several years and drove up its debt levels.