Economics

Revised estimate puts foodborne illness cost at about $78bn a year

Revised estimate puts foodborne illness cost at about $78bn a year

By Caroline Scott-Thomas

The cost of foodborne illness in the United States is about $77.7bn per year, according to Dr. Robert Scharff, an Ohio State University assistant professor and former Food and Drug Administration (FDA) economist – slashing in half his previous, widely...

IFF profits slip on higher raw material costs

IFF profits slip on higher raw material costs

By Caroline Scott-Thomas

International Flavors and Fragrances (IFF) has reported a 6% increase in quarterly revenue, although higher pricing did not keep up with double-digit growth in raw material costs, the company said.

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