Cargill completes sale of Texas feed yard
Cargill Cattle Feeders completed the sale of its Lockney, Texas feed yard to Lofton Trust on 8 January.
Archives for January 22, 2015
Suja Juice predicts revenues of $70-80m in 2015 as super-premium juice category explodes
There is room for new players in the burgeoning super-premium juice category, but the barriers to entry are pretty high, says San Diego-based Suja Juice, which exploded onto the scene in 2012, generated revenues of $18m in 2013, $45m in 2014 and is...
High blood pressure? Just beet it! Beetroot juice lowers blood pressure in UK study
Drinking a cup of beetroot juice every day can ‘significantly lower blood pressure’ among patients with high blood pressure, according to a study in the journal Hypertension.
The fourth degree: Our heat tolerant chocolate doesn’t skimp on taste, says Barry Callebaut
Barry Callebaut says it has developed a thermo-tolerant chocolate that can withstand four degrees more heat than a standard chocolate recipe without compromising on taste.
Technology is reshaping how consumers buy food in 2015, Euromontior predicts
Technology is reshaping how consumers discover, evaluate and select food – creating dichotomies to which manufacturers must adapt their marketing and product positioning, a recently released white paper evaluating consumer trends in 2015 by Euromonitor...
Tootsie Roll stalwart Melvin J. Gordon dies
Tootsie Roll Industries’ long-standing CEO and chairman of its Board of Directors Melvin J.Gordon has died aged 95.
Private label penetration rates have not budged since 2011
CPG industry sales trends are ‘stagnant’, with dollar sales growth being largely driven by price increases, says IRI
Dollar sales of foods and beverages edged up a modest 2.1% to $470bn in the US retail market in 2014, but unit sales (an indication of volumes) were pretty flat (up just 0.9%), according to Chicago-based market research firm IRI.
Firm gets warning letter for straddling beverage/liquid supplement divide
A recent FDA warning letter to a New York company points again to the danger of mixing metaphors when positioning a product as either a beverage or a liquid dietary supplement.