Archives for August 13, 2012

← 2012

Solid performance for US meat sector

By Ed Bedington

The US meat export sector remains in robust health with solid results for the first half of 2012, latest figures have revealed.

Meiji takes 113% hit to confectionery operating income

By Oliver Nieburg

Japan’s second biggest confectioner Meiji Holdings has reported a steep decline in its first quarter (Q1) confectionery profits as its chocolate sales fall and it suffers from a “shrinking” gum market.

Wheat price hike likely, says analyst

By Oliver Nieburg

Bakery and snack manufacturers can expect a higher wheat price in the coming months as the US drought has hit the maize market putting pressure on wheat supplies amid export concerns in Russia, says an analyst.

US farmers gain $170m promise from government

By Carina Perkins

The US government has announced plans to buy up $170m of domestically-produced meat and fish products to help the country’s struggling livestock sector.

Wendy’s enjoys revenue increase

By Carina Perkins

US burger chain The Wendy’s Company has reported improved revenues for the second quarter ended 1 July 2012, with same-store sales up for the fifth consecutive quarter.

Fonterra firm against removing permeate

By Ankush Chibber

New Zealand’s largest dairy cooperative is refusing to join milk producers and marquee retailers that are removing permeate from their milk brands.