Global

Magnolia, a subsidiary of San Miguel Group is launching affordable new brands and repackaging its products to help consumers cope with higher costs. Cost of raw materials has squeezed profits, but company pledges to focus on developing products and new packaging to suit consumers' budget and lifestyle. Source: tmcnet.com

This year, Wal-Mart, Wild Oats Market and a host of other retailers, as well as food suppliers like Del Monte and Newman's Own Organics, have embraced corn-based packaging for fresh produce.