According to Reuters, the new U.S.-Japan trade deal will provide staged reduction of Japanese tariffs for more than $2 billion worth of U.S. beef and pork, matching access now granted to the 11 Trans-Pacific Partnership trade pact countries. The U.S. Trade Representative’s office said the pact would immediately eliminate Japan’s tariffs on U.S. food and agricultural imports valued at about $1.3 billion per year, including almonds, blueberries, cranberries, walnuts, sweet corn, lactose, milk albumin, grain sorghum, food supplements, broccoli and prunes.
U.S. President Donald Trump signed the final text of the new TPP on October 7, more than 2.5 years after he pulled the United States out of the much broader TPP. The move left U.S. farmers and food producers at a disadvantage in the Japanese market to competitors from Australia, New Zealand, and Canada, and the U.S.-Japan deal aims to even that playing field by cutting Japanese tariffs on many of those products.
Gathered Foods, makers of Good Catch plant-based seafood products, announced the closing of a $32 million series B funding round, which includes two key industry investors: Greenleaf Foods and 301 INC, the venture arm of General Mills.
As a part of a planned organizational change, Aryzta has appointed Tyson Yu as CEO of Aryzta North America effective February 1, and as a member of the group executive committee, reporting to Kevin Toland, group CEO.
A study published in JAMA suggests that increasing vegetable consumption in men with early-stage prostate cancer may not impact the rate of cancer progression.
Purity Organic, an organic food company based in Oakland, Calif., has announced the acquisition of Dunn’s River Brands, maker of Sweet Leaf Tea and Tradewinds Beverage Co.