Archives for January 12, 2012

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Orange juice price spikes after carbendazim scare

By Mark Astley

The price of orange juice futures hit a 34-year high, after news that US food safety authorities would block imports of the fruit containing even low-levels of carbendazim – a fungicide commonly used in Brazil.

ADM to slash 1,000 jobs

By Caroline Scott-Thomas

Archer Daniels Midland (ADM) intends to cut 1,000 jobs, or about 3% of its global workforce, as part of an effort to save about $100m a year, the company said on Wednesday.

Meat-eating drops in US

By Carina Perkins

US meat and poultry consumption has fallen dramatically over the past five years, according to the Daily Livestock Report.