Archives for August 13, 2012

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Wheat price hike likely, says analyst

By Oliver Nieburg

Bakery and snack manufacturers can expect a higher wheat price in the coming months as the US drought has hit the maize market putting pressure on wheat supplies amid export concerns in Russia, says an analyst.

US farmers gain $170m promise from government

By Carina Perkins

The US government has announced plans to buy up $170m of domestically-produced meat and fish products to help the country’s struggling livestock sector.

Wendy’s enjoys revenue increase

By Carina Perkins

US burger chain The Wendy’s Company has reported improved revenues for the second quarter ended 1 July 2012, with same-store sales up for the fifth consecutive quarter.