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Some interesting news in the #food and #drinks industry this week: 1. Ready-to-drink coffee has become overly reliant on promotions to drive sales, according to the CEO of London challenger brand Grind | Certified B Corp. Speaking to The Grocer, David Abrahamovitch said competition between leading RTD brands such as Starbucks and Costa Coffee was putting downward pressure on pricing, and suppliers needed to offer higher quality products to “encourage consumers to trade up” and preserve value in the category. 2. pladis Global has promoted Emily Stuart to head of innovation for the UK & Ireland. With 13 years’ in fmcg experience. Emily started out as a buyer for Tesco and has held numerous commercial, strategy and category roles for General Mills and PepsiCo. 3. According to Future Market Insights (FMI), the spice oils and oleoresins market is expected to record a CAGR of 7.9% between 2023 and 2033. Oleoresins are used to create aromas, fragrances, and various cosmetic items. They are utilised in the pharmaceutical sector with multiple uses such as an anti-inflammatory, antioxidant and other medication, thus expecting to drive growth along with the expanding consumption of organic food making spice oils popular in the market. 4.  The Wine and Spirit Trade Association (WSTA) has called on the new government to put the wine and spirits trade at the centre of its programme for growth. They said “urgent action” needs to be taken to halt “unnecessary changes” to taxing wine in February 2025, and to “clear up” confusion over waste packaging regulations. 5. Morrisons has launched a limited-edition heritage butter packaging design to mark its 125 years as a business. The anniversary product is a nod to how the company started as an egg and butter market stall in Bradford. The heritage butter packaging is on both salted and unsalted variants of Morrisons British Butter and includes a union jack, gold wrapper, and blue and red accents. #grocer #newgovernment #election

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