ADM profits shrink 89% on higher corn costs
Grain processing giant Archer Daniels Midland (ADM) has seen its second quarter profit shrink 89% on higher corn costs and lower oilseed earnings, although sales have grown, the company said on Tuesday.
Archives for January 31, 2012
Industry groups urge federal funding for food safety
An industry coalition led by the American Frozen Foods Institute (AFFI) has urged the Obama administration to adequately fund food safety initiatives, without levying extra taxes or industry fees.
Givaudan to work with MIT researchers on ‘flavor algorithms’
Flavor giant Givaudan is working with scientists at the Massachusetts Institute of Technology (MIT) to come up with a ‘flavor algorithm’ that could one day replace human taste testers.
Social media could enhance foodborne outbreak detection - report
“Rich data sources” like Twitter and Facebook could be utilised as a tool in the surveillance of foodborne disease outbreaks, according to a US study.
Texas pig plant under investigation
Texas meat processor Columbia Packing is being investigated after allegedly dumping pig blood into a river.