Market Flash

In the ever-evolving landscape of the pharmaceutical industry, the once-celebrated AI-driven drug discovery company Exscientia has found itself embroiled in a series of challenges that have shaken its foundations.

In the first quarter of 2024, the global biopharmaceutical industry witnessed remarkable growth, with 18 out of the top 25 pharmaceutical companies reporting year-over-year revenue increases

European Union's Rapid Alert System for Food and Feed (RASFF), the Netherlands has reported that peanuts exported from the United States have been found to contain aflatoxin B1 levels exceeding the maximum limit set by the EU.

Brazilian Ministry of Agriculture recently unveiled the "2024 Beer Yearbook" (Anuário da Cerveja 2024), which revealed that the country's registered beer factories have once again set a new record.

In the pristine waters of Norway, the once abundant king crab has become a prized commodity, with its price skyrocketing and its supply plummeting.

European Union's Rapid Alert System for Food and Feed (RASFF) reported that on May 22, 2024, France notified the system of non-compliant sausages exported from Spain.

Fendi has launched a refined fragrance collection of seven fragrances that traces the story of the eponymous family behind the Italian designer brand. The collection is the first for an LVMH-owned brand to be sold in its own stores.

• Fendi

Good Condition is a new eco-luxury skincare brand that aims to elevate self-care while helping individuals reduce their impact on the environment. The brand's launch products include face and body collections.

• Good condition

Sun Chemical has been honored in the 2024 Flexographic Technology Association (FTA) Flexographic Excellence Awards competition for its SunUno Solimax AP. SunUno Solimax AP is a multi-purpose ink family that enhances packaging sustainability.

• Sun Chemical
• SunUno Solimax AP

Graphene nanotubes can be used to provide advanced protective, functional and aesthetic films for consumer electronics.

• OCSiAl

In May, the pesticide market showed a continued downturn, with the price of Glufosinate ammonium falling particularly sharply.

• Glufosinate
• ammonium
• Glufosinate-P
• pesticide

In May 2024, the European Food Safety Authority (EFSA) issued a scientific opinion on the safety and efficacy of Macleaya cordata (Willd.) R. Br. extract and leaves (Sangrovit® Extra) as a zootechnical feed additive.

The global tuna trade landscape has been undergoing significant shifts in recent months, with key developments impacting the supply and demand dynamics across major producing and consuming regions.

Brazil's animal protein exports have recently made inroads into the markets of Bhutan and Lesotho, two unique and economically developing nations.

On May 22, 2024, it was reported that Myanmar is poised to export a substantial amount of corn kernels and rice through maritime channels.

In a recent development, the European Union has published Regulation (EU) 2024/1342, which revises the maximum residue limits (MRLs) for four pesticides in certain food products.

In a significant move, the Canadian government has proposed the removal of brominated vegetable oil (BVO) from the list of permitted food additives.

In a recent update, the U.S. Food and Drug Administration (FDA) has issued an import alert, imposing automatic detention on strawberries exported by a Mexican company.

In a concerning development, the European Union's Rapid Alert System for Food and Feed (RASFF) recently reported that Greece had notified the system about a shipment of Vietnamese noodles that failed to meet safety standards.

Clarins now offers Clara, a customer service bot that users can use to receive immediate responses to urgent inquiries when customer service is closed.

• Clarins
• Clara