Reuters — Conagra Brands said on Thursday it would increase prices again on its frozen meals and snacks to help cushion the blow of higher inflation, after the diversified food maker raised its annual sales forecast and topped quarterly results. Packaged food companies are grappling with inflation as the U.S. economy rebounds, while spending heavily […] Read more
Conagra flags price increases to cushion inflation impact
Prepared foods firm raises sales forecast
Grain World: Opportunities great for Canadian pulses, AGT CEO says
Saskatoon | MarketsFarm — To Murad Al-Katib, the opportunities for Canadian pulse exports to India are amazing, provided one correctly understands the context of India’s tariffs on pulses. Also, he said, those Canadian exporters must realize they need to switch from being solely dependent on commodities to adding value by shipping food and ingredients. “We […] Read more
British food lobby warns of food shortages from no-deal Brexit
London | Reuters — Britain will experience shortages of some fresh foods for weeks or even months if a disorderly no-deal Brexit leaves perishable produce rotting in lorries at ports, Britain’s food and drink lobby warned on Wednesday. Retailers such as Tesco have warned that leaving the European Union on Oct. 31 without a transition […] Read more
Cargill quarterly profit drops on trade tensions, U.S. floods
Chicago | Reuters — Global commodities trader Cargill reported a 41 per cent drop in adjusted quarterly profit on Thursday, citing supply disruptions stemming from the U.S.-China trade war and also flooding in the central United States that hit marketing and transportation of grains and livestock. Cargill, the largest privately held U.S. company, said adjusted […] Read more
Federal ‘Product of Canada’ food guidelines under review
Food processors wanting to make “Product of Canada” or “Made in Canada” label claims for their wares might not have to be as strict on their use of Canadian ingredients, under proposed changes to labelling guidelines. The Canadian Food Inspection Agency on Monday announced public consultations and a public comment period, to run until June […] Read more
New federal standard to expand beer ingredient options
More variety in allowable ingredients and more requirements for declarations are now part of the federal rules on what can be called beer in Canada. The federal government on May 1 announced “modernized” beer standards under Canada’s Food and Drug Regulations (FDR) — the rules laying out the requirements to be met by a product […] Read more
Bunge names acting chief as new CEO
Reuters — Global grains trader Bunge on Thursday named Gregory Heckman as its chief executive officer, three months after he took the helm in an interim capacity. Heckman, a founding partner of private investment firm Flatwater Partners and the former chief executive of grains trader Gavilon Group, was appointed acting CEO in January after long-serving […] Read more
U.S. firm partners with James Cameron’s Prairie pulse processor
CNS Canada — Saskatchewan pulse processing company Verdient Foods has entered into a joint venture agreement with U.S. company Ingredion to expand operations. The organic pea protein fractionation facility at Vanscoy, about 20 km southwest of Saskatoon, has been running since last year and the new agreement will see it expand operations to include more […] Read more
Nestle, Hershey at odds with farmers over U.S. GMO labeling
New York | Reuters –– The world’s top food companies and farmers of crops such as beet sugar are pitted against each other as they lobby the U.S. government over plans to label genetically engineered ingredients. At the heart of the issue is transparency over ingredients used in food. Packaged foods makers are facing flagging […] Read more
ADM approach to Bunge a potential U-turn on oilseed strategy
Chicago | Reuters –– Archer Daniels Midland’s proposed takeover of Bunge could signal a change in the company’s strategy on oilseeds, giving the top U.S. grain merchant a much bigger capacity to crush soy just months after ADM’s CEO said the firm would cut spending on the sector. The potential strategic change comes as the […] Read more
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