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Trends > Food finance and prices
Food finance and prices
The food industry is in constant financial motion; there’s always some company snapping up the assets of another, not to mention grappling with fluctuating costs of commodities. The latest money moves can have a big impact on ingredient supply, so it pays to keep up to date.
The fight against obesity: A new investment megatrend?
Obesity is a ‘global sustainability megatrend’ likely to take decades to address – but it could also provide opportunities for investors looking to support those industries aiming to be part...
USDA predicts strong food price inflation as drought continues
The US Department of Agriculture (USDA) is predicting substantial food price increases in 2013, if not sooner, due to the ongoing drought now affecting more than half of all US farmland.
ConAgra to acquire Unilever’s North American frozen foods business in $265m deal
ConAgra Foods has agreed to acquire Bertolli and P.F. Chang’s Home Menu frozen meals businesses from Unilever for $265m, as part of a strategy to continue its growth in the...
Judge approves Land O’ Lakes $25m settlement over alleged egg price fixing
A federal judge has given final approval to a $25m settlement from Land O’ Lakes and its subsidiaries Moark LLC and Norco Ranch over alleged egg price fixing.
Cargill acquires beef processing facility from firm crushed by ‘pink slime’ coverage
Cargill has acquired a beef processing facility for $14.1m from AFA Foods, which filed for Chapter 11 bankruptcy in the wake of a wave of media coverage over lean finely...
US grain volatility will knock industry by September: Analyst
Price spikes in the US grains market fuelled by a lengthy drought will be felt by bakery and snack manufacturers around September, according to an industry analyst.
Food companies are desperate to get off the guar gum rollercoaster, says hydrocolloids expert
Guar gum prices have taken a rollercoaster ride over the past couple of years - and at IFT in Las Vegas, hydrocolloid expert Dennis Seisun said all bets were on...
Big Interview: Ilene Gordon, chairman, president and CEO, Ingredion
Ingredion CEO: ‘Some manufacturers are outsourcing NPD to their suppliers’
With R&D departments at some food manufacturers pared down to the bone as bosses slash overheads to control costs, open innovation has moved from a hot topic on the conference...
General Mills CEO: ‘It’s been a challenging year for the food industry’
While US food heavyweight General Mills reported a 12% rise in sales for the 2012 fiscal year ending May 27, it said growth had been constrained by cost pressures in...
ConAgra CEO: ‘The big challenge continues to be shopper behavior'
Ultra-frugal shoppers are continuing to make life very challenging in the US grocery sector, although commodity inflation is finally coming down, says the chief executive of ConAgra Foods.
Confectionery industry heartened by close sugar program vote
The candy industry and sugar growers are both claiming at least a partial victory after the US Senate voted 50-46 to shelve an amendment to the 2012 Farm Bill that...
Diamond Foods faces Nasdaq delisting as it misses filing deadline
Diamond Foods expects to receive a delisting letter from Nasdaq for failing to meet today’s deadline for filing financial reports, the company has said.
Nutrition advocates urge Congress to turn farm bill into ‘healthier food bill’
The Environmental Working Group (EWG) and about 70 food and nutrition experts have urged Congress to turn the 2012 Farm Bill into a ‘healthier food bill’ – by cutting crop...
Academic: Sorry USDA, but more nutrient dense diets do cost more…
Just weeks after USDA published a high-profile study posing the question ‘Are Healthy Foods Really More Expensive ?’, researchers in Seattle, Baltimore and the UK have responded with a new study...
Sara Lee vows to turn Hillshire Brands Co into the ‘most innovative meat-centric food company in the US’
Innovative new products commanding higher margins, increased marketing investment and better cost controls will help Sara Lee “unleash the potential” of Hillshire Brands Company, the new name for its North...
Hillshire Brands Company: The new name for Sara Lee’s North American business.
First Mondelez, then Ingredion and now Hillshire Brands Company. In the latest piece of corporate re-engineering and rebranding in the food manufacturing sector, Sara Lee has unveiled the new name...
Flowers Foods to buy Lepage Bakeries in $370m deal
Just days after its CEO told analysts his firm was in “great shape” to do more deals , Flowers Foods has announced plans to expand its bakery empire in the Northeast...
CEO: Flowers Foods ‘in great shape’ to drive further bakery industry consolidation
Flowers Foods is “in great shape” to do more deals as the US bakery sector continues to consolidate, says its boss.
General Mills agrees to buy Brazilian food maker Yoki
General Mills has agreed to buy Brazilian food maker Yoki Alimentos for 1.95bn reais (about $853m) in a move it says could double its annual sales in Latin America.
Diamond Foods secures $225m investment
Diamond Foods has secured $225m of funding as it looks to reestablish itself in the walnut industry and grow its business, in a deal that could see investment firm Oaktree...
News in brief
General Mills: Job losses will be mostly in ‘administrative and support positions’
Job cuts at General Mills will be mostly in “administrative and support positions”, said the firm, which has just unveiled plans to slash more than 2% of its global workforce.
General Mills to cut 850 jobs in cost savings plan
General Mills intends to cut 850 jobs globally as part of a cost savings plan, the company said Tuesday.
Campbell’s fails to heat up soup sales as profit slips 5%
The Campbell Soup Company saw its profit fall 5.4% on declining soup volumes and higher costs in the third quarter, although sales in its US beverages and snacking segments were up.
Are healthy foods really more expensive? Not necessarily, say USDA researchers
Many Americans claim that the reason they choose less healthy foods is because it costs more to eat healthily, but a new analysis from the Department of Agriculture claims that...
Sugar reform advocates ‘disappointed’ with lack of policy debate
Sugar users have said they are disappointed that both the Senate and House Agriculture Committees have voted to advance the 2012 Farm Bill without amending current sugar policy, which they...
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