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 Industry Roundup |
Corn/Maize
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US corn market remains strong on basis of good domestic demand despite slowdown in exports
The Prairie Star (02/02)
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Grains
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Executive Perspective: Kansas City Southern Mexico president outlines plans to launch refrigerated cargo unit in H2 2023, as part of US$133M investment; company also expects sales to grow around 14%, driven by automotive, intermodal and grain segments
CE Noticias Financieras (02/02)
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Potatoes
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McCain Foods to invest £35M into British farming in a bid to safeguard the long-term sustainability of growing potatoes in the UK; company commits to a 31% contract indexation increase to further support a supply chain battered by environmental threats
FoodNavigator.com (01/31)
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Rice
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Lactalis UK & Ireland introduces 'new and improved' recipe and rebrands its Seriously Cheese Nuggets as Seriously Crispy Melts; product now combines Seriously’s Scottish cheddar with mozzarella in a 'light and crispy' rice-based coating
The Grocer (01/31)
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Soybeans/Soybean Meal
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Chicago Board of Trade soybean and wheat futures rise on Jan. 31 due to weather problems in South America, while good data on wheat exports from the US continue to boost the price of the cereal
CE Noticias Financieras (01/31)
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Animal Farming/ Meat Production
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Rabobank expects pork trade to rise in Q1, but growth may be difficult to sustain through 2023 given slow production in EU and US, China's reopening raising both opportunities and uncertainties, though Brazil is expected to boost pork production, exports
FeedNavigator.com (02/01)
UK government tells farmers they must remove free range labels from their packs as they continue to grapple with the worst bird flu outbreak in British history; eggs laid by free-range hens must now be labeled as barn eggs
The Daily Telegraph (02/01)
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Fruit Farming
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Fresh Del Monte, Talc Investment announce multi-year partnership to revive banana cultivation farms in Somalia, located in the previously famed 'banana belt' area; partnership aims to reduce banana transport times, prices for customers in the MENA region
Fresh Del Monte Produce Inc. (02/02)
Bayer announces partnership with French company M2i Group to supply fruit and vegetable growers around the world with pheromone-based biological crop protection products
Bayer AG (02/01)
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Greenhouse/Urban/Vertical Farming
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Indoor agriculture company Plenty says it will build world’s largest, most advanced vertical farming research center in Laramie, Wyoming, by 2025; construction of 60,000-sq-ft facility supported by record US$20M grant from state's business council
Business Wire (02/02)
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Regenerative Agriculture
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High input costs might be turning more US farmers to regenerative practices; Ohio farmer dubbed a 'no-till legend' notes many who pre-bought fertilizer and chemicals before last year are now facing input costs 25% to 30% higher than in 2022
The Midwest Center for Investigative Reporting (02/02)
Commentary: Food companies say they can cut emissions via carbon credits or regenerative agriculture, but whether real progress can be made is a major question; some groups are skeptical, advocate for US lawmakers to regulate Big Food's carbon footprint
Food Dive (02/01)
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Agricultural Chemicals
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Sumitomo Chemical acquires FBSciences Holdings, a US-based biostimulants producer; FBS develops, manufactures, and markets biostimulants and biopesticides made from natural organic matter for agricultural use
Sumitomo Chemical Co. (01/31)
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Agricultural Packaging
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Smurfit Kappa wins eight WorldStar 2023 Awards for solutions across Czech Republic, Poland, Spain; solutions include an octagonal bag-in-box for water, Handypak SofruPak paper-based fruit punnet with carrying handle, a space-saving tube for heating units
Contify Retail News (02/02)
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Agricultural Technology
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Mission Produce to implement its Mission Control ripening technology and management process for the first time in the company's newest forward distribution center in Dartford, England, which is scheduled to open in March
Fresh Plaza (02/01)
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Crop Production/Yield
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Bonduelle to merge two facilities in Florence and Swedesboro, New Jersey, as it looks to focus on 'profitable business segments'; company's ready-to-use fresh segment has declined amid loss of contracts, crisis affecting salad yields in the Salinas region
MarketLine (02/02)
Economist Intelligence Unit expects global sugar consumption to grow 2.2% to 175.2 million tonnes in 2022/2023; global market to continue to record modest surplus every year until 2023/2024 as increased production keeps up with higher demand, consumption
World Commodity Forecasts (02/02)
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Plant Extracts/Plant-Based
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Climate Action Network study finds French supermarkets represent ‘obstacles’ to promoting sustainable diets; retailers also fail to help consumers transition to a more plant-based diet, with 92% of supermarket-prepared meals containing meat or fish
FoodNavigator.com (02/02)
Thailand researchers examine cashew leaf extract's potential antioxidant, anti-tyrosinase, anti-collagenase agents as natural sources in skin care; testing showed potential anti-aging and antioxidant benefits, successful incorporation in topical cream
CosmeticsDesign.com (US) (02/02)
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Agribusiness & Raw Foods
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Bipartisan group of US lawmakers introduces legislation in Congress aimed at strengthening oversight of foreign investors buying US farmland; they cite concerns over national security and recent acquisitions by Chinese buyers
Capital Press (02/02)
Wells Fargo: For egg prices to return to normal, avian flu virus must stop impacting egg production; if outbreak dissipates in next six months, US laying flock will slowly rebuild, raising egg supplies and helping to alleviate high egg prices in long term
Food Dive (02/02)
MANE is now on ScenTree
Mane Group (02/02)
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Food & Beverage
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Fresh Produce
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Commentary: Goods facing tight supplies in 2023 include food, pharmaceuticals, semiconductors, lithium and other EV components; food and drugs affected included lettuce and tomato due to California drought, eggs due to Avian flu, children's cold medicine
Supply Chain Dive (02/01)
PPC Flexible Packaging acquires Israel-based StePac and MAPfresh Holdings; StePac’s technologies for fresh produce create atmosphere and humidity-controlled packaging through roll goods, lidding, pre-made bags, pouches for bulk, retail applications
GlobeNewswire (02/01)
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Fresh Foods
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Dole plc to sell its Dole's fresh vegetables division to Fresh Express for gross proceeds of around US$293M in cash; net proceeds from the sale are currently expected to be used primarily for debt reduction of Dole
Business Wire (01/31)
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Nuts/Peanuts
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B&G Foods recalls its Back to Nature Fudge Mint Cookies due to undeclared peanut
Business Wire (02/01)
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Protein
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Purification of Antibodies Using Novel Convecdiff Membranes Part 2: Robust Performance at Comparable Product Quality
Biopharm International (02/02)
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Meat & Poultry
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Study finds prices of 507 items in nine Spanish supermarket chains rose by average of 29.2% in the past year, while four of ten became more expensive by over 30%; oils saw highest increase with 47.4%, followed by dairy, meat and fish, beverages: Facua
CE Noticias Financieras (Latin America) (02/01)
Conagra Brands recalls about 2.58 million lbs. of canned meat, poultry products due to a packaging defect that may cause products to become contaminated without showing any outward signs of contamination; cans bear establishment number ‘P4247’
CE Noticias Financieras (Latin America) (02/01)
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Hogs/Pork
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Cargill names new leaders to North American pork team; Patrick Duerksen named pork commercial director, Brent Frederick named technical services and innovation director; Scott McAdoo joins as director of pork business analysis and support
National Hog Farmer (02/02)
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Fish/Seafood
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Quiznos announces limited-time offerings of new Lemon-Herb Lobster Sub and the returning Classic Lobster Sub; both sandwiches feature lobster and seafood salad, with the former including lemon herb dressing
Business Wire (01/31)
Qdoba Mexican Grill announces limited-time US and Canadian return of Citrus Lime Shrimp, featured in two menu items: Citrus Lime Shrimp Burrito and Citrus Lime Shrimp Bowl
Chew Boom (01/31)
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Meat Alternatives
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ABP Food Group announces UK expansion of its Dopsu frozen plant-based range it launched in 2021 with two new lines: Dopsu No-Beef Balls and No-Beef Mince; both products available at Asda stores
The Grocer (02/01)
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Eggs
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Lenzing's Tencel exhibits wood-based fibers, demonstrates biodegradability at Hong Kong's Fabrica X; Fabrica X is an experiential concept store, gallery for sustainable brands, showcases biomaterials from sources such as algae, coffee waste, eggshells
Tencel (02/02)
General Mills, Nestle and Mondelez among the major food and beverage companies praised by Open Wing Alliance report for making 'excellent progress' towards their commitment to cage-free eggs
FoodNavigator.com (02/01)
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Dairy Products/ Dairy Alternatives
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Saputo to spend US$240M on new cut-and-wrap facility in Franklin, Wisconsin, and US$75M to expand string cheese operations on the West Coast; once facilities are operational, company will shutter three facilities in South Dakota, Wisconsin, California
Canadian Press DataFile (02/02)
Fazer introduces new bakery products to the market in Finland; new products include Oululainen Reissumies Ruisrieska rye flatbread, Fazer Puikula Kaura oat portion bread, and Fazer Gluteeniton Juustosampyla gluten-free cheese bread roll
M-Brain Nordic News (01/31)
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Milk/Milk Alternatives
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Supermarkets across Edinburgh, Scotland--including Lidl, Aldi, Marks & Spencers, Sainsbury’s and Co-op--have switched from colored bottle caps for milk to clear caps because they are easier to recycle; Tesco, Asda are still using colored bottle tops
Evening News (02/02)
Proposed Massachusetts legislation would raise bottle deposit price to US$0.10 from US$0.05, and extend it to most beverage containers including water, wine; exemptions to continue for plastic milk bottles, milk substitute containers, medicine containers
Mariner, The (Abington, Rockland, Hanover, MA) (02/01)
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Coffee
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Economist Intelligence Unit sees world coffee consumption rising 0.4% in 2022/2023, growing 1.1% in 2023/2024; with inflation expected to push US, European economies into recession, that will feed through to weaker coffee consumption in out-of-home sector
World Commodity Forecasts (02/01)
Dunkn' announces launch of special menu for Valentine's Day; menu includes Heart-Shaped Brownie Batter Donuts, Cupid’s Choice Donuts, and a new Member Exclusive Brownie Batter Signature Latte
Chew Boom (02/01)
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Sugars/Honey/Sweeteners
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Dr Pepper announces permanent offering of new Dr Pepper Strawberries & Cream soda, available in regular and zero-sugar varieties in 12 oz. 12 packs and 20 oz. bottles
PR Newswire (02/01)
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Packaged Foods
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Lancaster Colony Reports Second Quarter Sales and Earnings
PR Newswire (02/02)
Maple Leaf Foods withdraws three types of adult snack kits sold in US due to peanut allergen-related recall by manufacturer of chocolate wafers included in kits
Canadian Equity Markets (Alternative Disclosure) via PUBT (02/02)
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Non-Alcoholic Beverages
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PepsiCo declares dividend of US$1.15/share of common stock, payable March 31 to shareholders of record on March 3
PR Newswire (02/01)
Coca-Cola to revamp Powerade's recipe and look in an attempt to unseat Gatorade for the top spot in the sports drink category; the recipe will now feature twice as many electrolytes as its previous iteration
Cable News Network Inc. (CNN) (02/01)
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Alcoholic Beverages
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UK-based ready-to-drink cocktail brand Tapp 'd Cocktails secures distribution deal with Molson Coors to open up 45,000 on-premise venues, 11,000 accounts across the UK; Molson looks to support growth of Tapp'd as demand for ready-to-drink cocktails grows
MarketLine (02/02)
Commentary: Wine industry trends to watch in 2023 include rising premium wine sales, boomers still drinking most wine, social responsibility and sustainability, inflation, sober-curious movement, Sauvignon blanc, burgeoning wine regions such as Texas
Press Democrat, The (Santa Rosa, CA) (02/02)
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Tobacco & Cannabis
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Cannabis Products
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Minority ownership in cannabis industry dropped from 28% to 13.1% between 2019 and 2021, even as 11 additional states legalized recreational use since 2020; women ownership dropped from 36.8% to 22.1% during the same period: survey
GlobeNewswire (02/02)
Euromonitor looks at opportunities for CBD across food, drinks, beauty/personal care; positive regulatory changes and pairing CBD with functional ingredients could create tailwinds, but consumers' lack of familiarity, high prices to limit potential growth
Euromonitor International Ltd. (02/01)
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Tobacco, Cannabis & Derivatives
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Curaleaf employees from four dispensaries seek class-action lawsuit over stolen tips, saying employees nationwide were subject to the same tipping policies
Green Market Report (02/02)
Among US adults, 62.3% support policies prohibiting sale of menthol cigarettes, with support from one-third of current users of tobacco products; 57.3% of adults support policy prohibiting sale of all tobacco products: CDC study
PR Newswire (02/02)
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Stock
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Latest: Feb, 02 2023
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Latest Value |
Prev |
Chg |
YOY Chg |
| Watchlist |
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Archer Daniels Midland (ADM)
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82.31
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83.37
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-1.27%
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7.33%
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CHS Inc (CHSCP)
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29.32
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29.09
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0.79%
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-5.66%
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Farmland Partners (FPI)
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12.89
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12.92
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-0.23%
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13.07%
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Fresh Del Monte Produce (FDP)
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28.70
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28.52
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0.63%
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2.94%
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JBS SA (JBSS3) :BVMF
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20.11
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20.08
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0.15%
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-42.69%
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Agriculture Industry
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