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Profit drops for Hovis

Hovis recently reported a pre-tax loss of GBP 28.6 million in 2022, while in 2021, it enjoyed a profit of GBP 20.2 million. Hovis has recorded GBP 309.8 million in sales by September ‘22, down from GBP 367.9 million the year before, according to the Times.

Industry welcomes Mercosur sugar trade

CIUS, the European Sugar Users Association of the food and drink industries and CAOBISCO, the Association of the Chocolate, Biscuits and Confectionery Industries of the EU, have been following with great interest discussions between the EU and Mercosur – the Southern Common Market. CIUS and CAOBISCO encourage the European Commission to conclude and ratify as soon as possible the agreed FTA with Mercosur.