Brazil looks set to benefit from Russia import ban
Brazil looks set to ramp up exports of meat to Russia after it imposed a 12-month ban on beef, pork and poultry imports from the US, EU, Canada, Norway and Australia last week.
Archives for August 12, 2014
Cargill pays $187,500 to settle Clean Water Act violations
Cargill has agreed to pay $187,500 to settle allegations that it violated the Clean Water Act (CWA) at two different large oil storage facilities.
COMMODITY REPORTS: USDA
USDA forecasts record global wheat crop
The USDA has said global wheat supplies for 2014/15 will hit record highs, which is good news for stability but quality will be critical for industry, says an analyst.
Gourmet salad bowls include kale, beans, nuts, seeds, ancient grains, edamame...
Protein craze hits bagged salad market; gourmet offerings lure higher-spending shoppers, says Packaged Facts
Retailers that offer an attractive packaged salad range are more likely to attract high-spending ‘foodies’ to their stores, says Packaged Facts, citing data showing that bagged salad shoppers are much more likely to pay extra for healthier products, try...
Senomyx expects PepsiCo or Firmenich to commercialize sweet taste modifier S617 in 2014
Senoymx says it expects either PepsiCo or flavor house Firmenich to commercialize proprietary sweet taste modifier Sweetmyx S617 in 2014 but is tight-lipped over who will be first to market.
Sales up for Smithfield Foods
Smithfield Foods has posted a 14% increase in sales for the three months to 29 June 2014.
Oxfam: Kellogg rises above General Mills on climate change
Kellogg has become the second food major to respond to a damning Oxfam report with a climate change revamp that pledges to disclose global greenhouse gas emission targets by December 2015.
Cash rich and time poor, more Australians opt for ready meals
The number of Australians opting for frozen or chilled ready-meals continues to grow, according to new figures from Roy Morgan Research.
Global Halal market to hit $1.6tn by 2018
The global Halal food market will be worth US$1.6tn by 2018, up from US$1.1tn in 2013, according to a report commissioned by Dubai Chamber of Commerce.
New Zealand sees decrease in sheep numbers
Sheep numbers in New Zealand have dropped 3.2% to 29.8m in the year to 30 June 2014, according annual data from Beef + Lamb New Zealand’s (B+LNZ) Economic Service.
GCC ‘key market’ for NZ agribusiness – report
The Gulf Cooperation Council countries are key markets for New Zealand’s agriculture industry, and firms should be targeting them as a priority, according to a Rabobank report.
Applegate recalls 15,000 lbs. of chicken nuggets
The poultry producer has recalled several tons of frozen chicken nuggets under its Applegate Naturals brand after consumers complained of plastic particle contamination.
Production ‘is important in view of sanctions imposed against Russia’
Food packaging line built to ‘substitute’ Russian imports
Tasma (Tatar Sensitive Materials) has launched an $8.3m food packaging film production line in Kazan, in the Republic of Tatarstan, Russia, to extend product storage and shelf life.
Researchers suggest link between BPA exposure and food intolerance
Perinatal exposure to low doses of bisphenol A (BPA), considered to be risk-free in humans, could increase the risk of developing food intolerance in adulthood, suggests new research.
Australia
Virtual bottleshops see steady growth as more Aussies buy online
Amid news that online shopping while under the influence of alcohol is now a recognised phenomenon, a growing number of Australian adults are using the internet to buy alcohol.
Australia
FTAs crucial to Australia’s agribusiness future
Australia must give priority to inking more Free Trade Agreements (FTAs) if it has to secure its agribusiness future, according to a new report by global agribusiness specialist Rabobank.
India
Having parted from Auchan, Max now joins Spar to open 30 Indian stores
Max Hypermarkets will introduce 30 Spar hypermarkets in India after the retailer signed a partnership agreement with the Netherlands-based retailer.
Inspired by beauty jellies - Laboratoire PYC develops anti-ageing supplement for Asian skin
France-based Laboratoire PYC has expanded its range of nutricosmetics with an anti-ageing nutritional supplement based on a new on-the-go powdered concept.
Settlement offers injunctive, but not monetary, relief (Coke required to amend labels but consumers won't get any money)
Coca-Cola agrees to settle 'copycat' Vitaminwater deceptive advertising lawsuits, but CSPI still on the warpath
Coca-Cola has agreed to settle a series of 'copycat' lawsuits accusing it of deceptively marketing Vitaminwater. But the lawsuit that inspired them all - filed by the Center for Science in the Public Interest in 2009 - is still pending, as the CSPI says...
Mazola eyes major growth after factory upgrade
Following a major manufacturing upgrade, Mazola in the Middle East is targeting 25% growth in sales over the next two years, and plans to extend its range of products.
Diageo’s lackluster 2014 gives CEO Menezes bonus blues
Diageo revealed yesterday that CEO Ivan Menezes, his predecessor Paul Walsh and CFO Deirdre Mahlan took home less than 10% of their possible bonus pot in fiscal year 2014 due to the firm's lackluster performance.
Corbion Q2 slips as food ingredients continue poor performance
Dutch ingredients supplier Corbion has reported a 0.9% drop in Q2 sales over the same period last year, after strong declines in the firms Biobased Food Ingredients business.
Agthia shows 21% profit growth despite food division loss in H1
Abu Dhabi’s Agthia Group announces a first-half profit of US$28.5m, up 21% year-on-year, but says its consumer food division lost US$3.9m in the period.