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Photo of a Nestle facility. (Nestle via Flickr)
Crops

Nestle to shut Ontario foodservice processing plant

Trenton facility to close in mid-2022

By ,
Global food processing giant Nestle plans to shut a southeastern Ontario plant and move its work to sites in the U.S., citing a “highly competitive” market. The company announced Thursday it will start to wind down work late this year at the Nestle Professional plant at Trenton, where dehydrated dry-blend and frozen products are made […] Read more
(ADM.com)
Crops, Markets, Reuters

ADM beats profit estimates but revenue disappoints

By , ,
Reuters — Global grains trader Archer Daniels Midland beat Wall Street estimates for quarterly profits on Thursday, helped by strength in its grain milling and nutrition businesses. Still, revenue missed analysts’ expectations and net earnings attributable to the company were 44 per cent lower than a year earlier. Shares were down nearly three per cent […] Read more
(Stephen Ausmus photo courtesy ARS/USDA)
Livestock, Markets, Poultry/Eggs

Fall quota level based on ‘rebound’ in chicken demand

National allocation trimmed two per cent for September-October period

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A relatively small tweak to national chicken quota allocation has been set for much of this autumn, following a stretch of heavy pandemic-related cuts. At a Chicken Farmers of Canada meeting Tuesday, national allocation for quota period A-165 (Aug. 30 to Oct. 24, 2020) was set at minus two per cent from its adjusted base. […] Read more
(ChampsMushrooms.ca)
Crops

Major B.C. mushroom grower merging into U.S. firm

By
One of Canada’s biggest mushroom producers is set to merge into one of the biggest North American players in the same sector. Pennsylvania-based South Mill Mushrooms, which grows for distribution across the U.S. and into Eastern Canada, announced Tuesday it will combine its operations with those of Champ’s Mushrooms, based at Aldergrove in the Vancouver […] Read more

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