US President Donald Trump has rolled back a series of wide-reaching import tariffs, removing levies on a range of food and beverage products including coffee, tea, tropical fruits, cocoa, spices, nuts, grains and beef.

The investment was led by J.P. Morgan Asset Management, with participation from both new and existing investors, positioning the Los Angeles-based company at a reported valuation of $1 billion.

Fresh Del Monte Produce Inc. has completed the sale of its Mann Packing operations to Church Brothers Farms, in a strategic move that enables the global produce company to sharpen its focus on core fruit and fresh-cut segments.

The product will roll out in approximately 500 Co-op stores from 23 July 2025, tapping into rising consumer demand for inventive and flavourful snacking options.