Ilena Peng

1 week ago | news.bloombergtax.com | Ben Elgin |Olivia Raimonde |Ilena Peng

In December 2023, some of the world’s largest food companies made a splashy pledge to slash one of the planet’s fiercest heat-trapping gases. As part of the newly formed Dairy Methane Action Alliance, Bel Group, Danone, General Mills, Kraft Heinz, Lactalis USA and Nestlé—with Clover Sonoma and Starbucks joining soon after—pledged to reduce the powerful gas emanating from their sprawling dairy supply chains. The companies promised to publish emissions data and action plans by the end of 2024.

1 week ago | news.bloomberglaw.com | Ben Elgin |Olivia Raimonde |Ilena Peng

In December 2023, some of the world’s largest food companies made a splashy pledge to slash one of the planet’s fiercest heat-trapping gases. As part of the newly formed Dairy Methane Action Alliance, Bel Group, Danone, General Mills, Kraft Heinz, Lactalis USA and Nestlé—with Clover Sonoma and Starbucks joining soon after—pledged to reduce the powerful gas emanating from their sprawling dairy supply chains. The companies promised to publish emissions data and action plans by the end of 2024.

1 week ago | bloomberg.com | Ben Elgin |Olivia Raimonde |Ilena Peng

A cow in a feeding pasture with a herd in Rockwall, Texas. (Bloomberg Businessweek) -- In December 2023, some of the world’s largest food companies made a splashy pledge to slash one of the planet’s fiercest heat-trapping gases. As part of the newly formed Dairy Methane Action Alliance, Bel Group, Danone, General Mills, Kraft Heinz, Lactalis USA and Nestlé—with Clover Sonoma and Starbucks joining soon after—pledged to reduce the powerful gas emanating from their sprawling dairy supply chains.

2 weeks ago | bloomberg.com | Ilena Peng

As orange supplies suffer from greening disease, the flavor and fragrance industry is developing workarounds to keep the taste of bottled juice consistent. Bottled orange juice, a staple of all-American breakfast tables, has never been as natural as it seems. Orange juice was beloved in Florida and California at the turn of the 20th century, but it didn’t travel well.

2 weeks ago | bloomberg.com | Ilena Peng |Dayanne Sousa

Workers tend to coffee plants at a plantation in Machado, Brazil. (Bloomberg) -- Cotton futures dipped after China lowered its forecast for imports amid ongoing trade tensions with the US. The most-active contract extended declines for a third session, falling as much as 0.9% on Thursday. China’s agriculture ministry estimated 1.2 million tons of imports in 2024-25, down about 300,000 tons from last month’s estimate. The country is the world’s third-biggest cotton importer, according to the USDA.