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BHI, a full-service commercial bank, announced that its Food & Beverage Group has arranged a $16.5 million credit facility for White Toque, a leading importer and distributor of European specialty fine foods. With this financing, BHI’s new F&B Group, which launched last year, originated over $100 million in credit facilities across various F&B categories in 2019.
Nearly 80% of the world’s population is dependent on imports to meet their food and nutritional requirements, as outlined in this report produced by the Hoffmann Centre for Sustainable Resource Economy, London.
Imports at some of the nation’s major retail container ports grew 7% during 2017, as retail sales continued to increase, according to the monthly Global Port Tracker report released by the National Retail Federation (NRF), Washington, D.C., and Hackett Associates, Alexandria, Va.
Ports covered by Global Port Tracker handled 1.58 million 20-foot equivalent units in December 2016, the latest month for which after-the-fact numbers are available.
Imports at the nation’s major retail container ports are expected to increase 4.6% during the first half of 2017 over the same period last year, as the nation’s economy improves and retail sales continue to grow.
Registrar Corp., Hampton, Va., introduced the FSMA Compliance Wizard, a free tool that helps food facilities, importers and farms determine possible requirements under the Food Safety Modernization Act (FSMA).