Reuters — Kraft Heinz, North America’s third-largest food and beverage company, reported lower-than-expected quarterly profit and sales, hurt by weak demand in the U.S. and Canada. Shares of the company, which owns brands such as Velveeta cheese and Heinz ketchup, were down nearly three per cent at $86.75 in after-hours trading on Wednesday (all figures […] Read more
Kraft Heinz profits miss on weak demand in Canada, U.S.
China seen set to become world’s second-biggest wine market
Paris | Reuters — China is set to overtake Britain and France to become the world’s second-largest wine consumer by value behind the U.S. by 2020 as consumers turn to more middle-range wines, the International Wine and Spirit Research (IWSR) organization said Thursday. In a study for wine fair Vinexpo it forecast Chinese wine consumption […] Read more
Southwestern Ontario potato planting underway
Close-to-seasonal temperatures and good planting conditions across parts of southwestern Ontario have growers in the Leamington region planting potatoes. According to Eugenia Banks, a special consultant for the Ontario Potato Board, potato planting began Wednesday morning, ahead of a weather system that’s forecast to dump up to 40 mm of rain by Friday. According to […] Read more
Ontario tomato farmers to get less on higher yields
The agreement between Ontario growers and tomato processors for the 2017 growing season is expected to drop the price tomato farmers are paid as their yields increase. The agreement, announced last week, maintains the contracted tonnage of 2016 and follows the five-year pricing agreement set by growers and processors last year. Final prices, however, aren’t […] Read more
Ontario greenhouse growers get competitiveness fund
The Ontario government is putting $19 million into a new initiative to support the competitiveness of the greenhouse sector in the province. Provincial Agriculture Minister Jeff Leal announced the funding on Thursday at Link Greenhouse near Bowmanville, just east of Oshawa. The Greenhouse Competitiveness and Innovation Initiative aims to provide funding for the creation of […] Read more
Ontario processing tomato contracts set
An agreement has been reached between growers and processors of Ontario tomatoes for the 2017 growing season, maintaining the 2016 pricing agreement and 2016 contract tonnage. Final prices, however, weren’t released Friday, as they historically have been on the website of the Ontario Processing Vegetable Growers (OPVG). According to the Ontario Fruit and Vegetable Processing […] Read more
Ontario cider, spirit makers get support program
Ontario’s small-scale fruit cideries and distillers are getting provincial support to help scale up production. The province on Tuesday announced it would budget $4.9 million over three years for a new Small Cidery and Small Distillery Support Program. The program will provide eligible cideries with up to 74 cents per litre and eligible distillers with […] Read more
Researchers release 15 new potato varieties
Genomic tools are increasingly used to identify favourable traits and speed the breeding process
Reading Time: < 1 minute Reds, a wedge with an edge, and a super storer are among this year’s new potato selections from Agriculture and Agri-Food Canada. Red-skinned varieties made up half of the total selections that Ag Canada potato breeders released earlier this month during their annual release open house. This includes a multi-purpose variety that shows promise for […] Read more
Nestle, Coke end Nestea iced tea venture
Zurich/London | Reuters –– Nestle and Coca-Cola have agreed to end their Nestea iced tea joint venture after 16 years and pursue separate strategies in the fast-changing bottled drinks market. The companies formed Beverage Partners Worldwide in 2001 to sell Nestea around the world but the brand has faced fierce competition from Lipton iced tea, […] Read more
Ontario names trustee to break tomato impasse
The Ontario government has appointed a trustee to assume the Ontario Processing Vegetable Growers’ power to negotiate 2017 contracts with processors for the growing of processing tomatoes in the province. The board of directors of the marketing board has been dismissed until new elections are held, as expected by the end of 2017. “I have […] Read more
Cyber-Savvy Farmer
