Economics

BRF was boosted by a solid rise in volume sales of processed meat products

BRF curbs spend amid economic crisis

By Oscar Rousseau

One the world’s largest meatpackers, BRF, has cut its investment spend as its home country, Brazil, slowly recovers from a two-year economic recession.

Price swings have caused headaches for the US beef industry

Extreme volatility hurts US beef industry

By Oscar Rousseau

Week-to-week volatility in the US beef sector has caused more difficulty for the industry than sharp price declines, Rabobank has claimed. 

Based on WTO projections, 2015 will be the fourth consecutive year in which annual trade growth has fallen below 3%

WTO forecasts lower global trade growth

By Chloe Ryan

World Trade Organisation (WTO) economists have lowered their forecast for world trade growth in 2015 to 2.8%, from the 3.3% forecast made in April, and reduced their estimate for 2016 to 3.9% from 4%.

Gerry Ritz met with Vietnam's deputy minister of agriculture and rural development Vu Van Tam

Canadian beef on show in Vietnam

By Georgi Gyton

Canadian agriculture minister Gerry Ritz recently concluded a trade mission to Vietnam, where he was promoting the country’s beef.

McDonald’s suffers drop in profits

McDonald’s suffers drop in profits

Burger giant McDonald’s has seen net profits fall 4% year-on-year in the second quarter of 2012, reflecting a strong dollar and challenging global trading conditions.

Paraguayan exports to fall 18-34% in 2012

Paraguayan exports to fall 18-34% in 2012

By Melodie Michel

Meat exports from Paraguay are expected to fall between 18% and 34% in 2012, despite remaining the second most-exported product in the country, the Paraguayan statistics centre (CADEP) has announced.

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.

The FoodNavigator team's take on IFT 2009

The FoodNavigator team's take on IFT 2009

Last month, major industry players got together in Anaheim, California for this year's IFT trade show - and the FoodNavigator team was there to cover all the latest developments.

Early harmonisation urged for stevia standards, methods

Dispatches from EUSTAS stevia symposium

Early harmonisation urged for stevia standards, methods

By Jess Halliday in Leuven

As the stevia industry is poised for wide take-up, harmonisation and recognition of the need for standards is crucial to securing a good reputation from the outset, according to ChromaDex CEO.

Innovation, food safety and economic pep talks in Anaheim

Dispatches from IFT

Innovation, food safety and economic pep talks in Anaheim

By The FoodNavigator team

Top prizes for innovation, stevia capacity and taste tests, food safety, and doing business in a tough economy... the FoodNavigator team shares thoughts on the opening day of the IFT trade show in Anaheim, California.

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