Press release content from Accesswire. The AP news staff was not involved in its creation.
Rotary Dryer Manufacturers Target Lucrative Opportunities in Food Industry: Study
February 25, 2021 GMT
Rotary Dryers are maintaining a high functional value and product quality, surging the demand from food and pharmaceutical industry.
ROCKVILLE, MD / ACCESSWIRE / February 25, 2021 / Fact.MR’s global rotary dryer market report projects an impactful outlook through 2021. Increasing demand from the key manufacturers for the product and sustainable efforts for the adoption of renewable power sources of rotary driver to have an impact on the market.
The lower sensitivity to wider fluctuations and the permit for the usage of highest drying temperature for the manufacturing of rotary dryers is fostering the growth. The high efficiency of drying products having a high impact on product quality is also increasing the demand for rotary dryers.
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
“Bubbles and Booze”: Koios to Launch Flanker Brand of Fit Soda™ Infused with Fermented Alcohol .
Koios Beverage Corp.February 26, 2021 GMT
As “hard seltzer” beverages have sustained their popularity among consumers aged 21+ in the United States, the Company has developed a variant of its Fit Soda™ functional beverage product infused with fermented alcohol to compete in this segment, which in 2020 had approximately USD $4.1 billion in sales, with Goldman Sachs estimating that the hard seltzer market could reach USD $30 billion in sales by 2025
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. With no sugar content and 15 calories per 12 oz / 355 ml serving, Fit Soda™ Hard could be an appealing alternative to current market leaders in the hard seltzer category. The Company intends to launch Fit Soda™ Hard in Arizona, Colorado, New Mexico, and Utah beginning in June 2021.
Press release content from Business Wire. The AP news staff was not involved in its creation.
Worldwide Vegetable Oil Industry to 2026 - Key Players Include ADM, Bunge and Cargill Among Others - ResearchAndMarkets.com
February 26, 2021 GMT
DUBLIN (BUSINESS WIRE) Feb 26, 2021
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According to the publisher, the global vegetable oil market reached a value of US$ 232.3 Billion in 2020. Looking forward, the publisher expects the global vegetable oil market to exhibit moderate growth during the next five years.
This report provides a detailed insight into the global vegetable oil market. The report has segmented the market on the basis of types, applications and major regions. The global vegetable oil market is largely dominated by palm oil contributing for more than one-third of the total vegetable oil consumption. Palm oil is followed by soybean oil, canola oil and sunflower seed oil. Based on applications, the majority of the total vegetable oil produced is consumed by
Press release content from PR Newswire. The AP news staff was not involved in its creation.
Gin Company Accepts First U.S. Bitcoin Payment from Distributor
February 25, 2021 GMT
Highclere Castle Gin (PRNewsfoto/Highclere Castle Spirits)
ESSEX, Conn., Feb. 25, 2021 /PRNewswire/ Highclere Castle Spirits and Heritage Wine and Spirits based out of Kentucky have transacted the first payment between supplier and distributor in Bitcoin. With Bitcoin near record highs, this is believed to be the first transaction in the world within the spirits industry.
Highclere Castle Spirits sold 10 cases of Highclere Castle Gin to Heritage Wine and Spirits for sale into the Kentucky market. The parties will transact a larger order in late February. This follows a growing trend of industries taking a forward-thinking approach to integrating cryptocurrency into their business model.
Press release content from Business Wire. The AP news staff was not involved in its creation.
Sanderson Farms, Inc. Reports Results for First Quarter of Fiscal 2021
February 25, 2021 GMT
Sanderson Farms, Inc. (NASDAQ: SAFM) today reported results for the first quarter of fiscal 2021.
Net sales for the first quarter of fiscal 2021 were $909.3 million compared with $823.1 million for the same period a year ago. The Company reported net income of $9.5 million, or $0.42 per share, for the quarter compared with a net loss of $38.6 million, or $1.76 per share, for the first quarter of fiscal 2020.
“Our results for the first quarter of fiscal 2021 reflect continuing challenges presented by the COVID-19 pandemic and higher feed grain prices, but we ended the quarter on a strong note amidst encouraging end-market trends and remain optimistic about the future,” said Joe F. Sanderson, Jr., chairman and chief executive officer of Sanderson Farms, Inc. “While market prices for boneless