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An example of a few headlines sent to our customers on Apr, 28 2023
Agriculture Industry

powered by Industry Intelligence, Inc.

April 28, 2023

Industry Roundup

Barley

Canadian farmers expect to plant more wheat, canola, corn for grain, barley and soybeans in 2023, while area seeded to oats, lentils and dry peas is anticipated to decrease compared with the previous year, Statistics Canada says
Statistics Canada (04/26)

Corn / Maize

Chicago Board of Trade wheat, corn, oat and soybean futures all fall on April 26; beef, pork, April live cattle, April feeder cattle and Apple lean hog futures all rise
Associated Press (04/26)

US corn planted area expected to rise 4% to nearly 92 million acres in 2023, USDA says; Pennsylvania corn farmers plan to plant 1.3 million acres this year, up 11%; New York corn farmers plan to plant 1.1 million acres this year, up nearly 7%
Business Journal, The (Central New York) (04/26)

Grains

Zacks: Pilgrim's Pride's Q1 earnings beat estimates despite lower year-over-year results; diversification strategies, operational excellence, key partnerships driving growth, but inflation, elevated grain pricing, depressed commodity values were headwinds
Zack's Commentary (04/27)

European Commission to ban Ukrainian grain and oilseeds exports to Romania until June 5; Romania has stopped short of enforcing ban, while Poland, Hungary, Bulgaria, Slovakia took unilateral steps to protect local markets from a flow of Ukrainian products
ACT Media (Romania) (04/27)

Rice

Boston Consulting/WWF: Collaboration among private and public sectors, NGOs, more is needed to boost water security; without interventions, 23% of area used for rice production and 42% used for wheat production will face high water scarcity risks by 2050
The Boston Consulting Group Inc. (04/26)

Soybeans / Soybean Meal

Major grains trade lower on the Chicago Board of Trade on April 25, with wheat and corn prices affected by improving weather in the US, and soybean prices rising amid advance of the Brazilian harvest
CE Noticias Financieras (Latin America) (04/25)

Wheat

First year of ADM Milling's UK pilot project calculates the carbon footprint for approximately 25,000 tonnes of wheat; the three-year program aims to help farmers better understand their carbon footprint and reduce their emissions
Archer Daniels Midland Co. (ADM) (04/26)

Animal Farming / Meat Production

Rabobank sees modest improvement in swine production costs in 2023, but notes African swine fever outbreak concerns, global feed stocks at low level; global pork supplies seem sufficient, but shortfall in China due to disease would disrupt global industry
FeedNavigator.com (04/26)

Wendy's releases its 2022 Corporate Responsibility report; highlights include achieving 10-year goal to transition company's pork supply chain in the US and Canada away from sow gestation stalls to open pen or group housing for confirmed pregnant sows
Canada Newswire (04/25)

Cannabis Farming

TerrAscend signs five-year deal with international cannabis brand Cookies to cultivate, produce cannabis products in Maryland; Cookies strains and products now available in limited quantities in Maryland
Associated Press (04/25)

Fruit Farming

Suntory Beverage & Food Great Britain and Ireland unveils research project that aims to reduce GHG emissions by growing blackcurrants through regenerative farming practices
FoodNavigator.com (04/27)

Greenhouse / Urban / Vertical Farming

Vertical farmers worldwide warn that rising energy costs, reductions in consumer spending on fresh produce, and the demand for faster profitability from investors are all factors that will limit the potential for the industry to grow
FoodNavigator.com (04/25)

Regenerative Agriculture

While major companies are enlisting regenerative agriculture to delivery on their lofty emissions reduction goals, industry officials are divided over whether the practice can produce tangible results
Food Dive (04/27)

McCain Foods opens its Farm of the Future Africa in Lichtenburg, South Africa; the farm is aimed at gaining a better understanding of regenerative agricultural practices as well as their impact, costs and benefits
McCain Foods Ltd. (04/26)

Soil Health / Soil Management

Preserving diversity of forests assures their productivity and potentially increases accumulation of carbon and nitrogen in the soil, helping to sustain soil fertility and mitigate global climate change: University of Michigan study
Targeted News Service (Press Releases) (04/27)

Agricultural Packaging

International Fresh Produce Assn. comments on European Commission's proposal on packaging and packaging waste, stressing the importance of appropriately labeled compostables and urging regulators to exempt produce stickers that are less than a square inch
International Fresh Produce Assn. (04/25)

Virginia-based Glenmary Farms packs its greenhouse-grown strawberries in biodegradable, recyclable boxes created by cherry tomato farmer Linda Fritz of Sun Sugar Farms in neighboring Kentucky
PR.com (04/25)

Plant Extracts / Plant-Based

American Farm Bureau Federation urging FDA to require manufacturers of plant-based milk alternatives to adhere to current labeling laws and regulations, citing consumer confusion and public health concerns
Capital Press (Salem, OR) (04/27)

Scientists create electro-blown biobased nanofibers with potential food packaging, food delivery applications; gelatin/zein nanofibers contain eugenol or dihydromyricetin, show antimicrobial, water vapor barrier, antioxidant properties: study
Industry Intelligence Inc. (04/26)

Agribusiness & Raw Foods

Florida farmers and agriculture groups file lawsuit seeking to block new federal rule about wages for farmworkers; lawsuit centers on a minimum wage related to temporary farmworkers coming into the US under what is known as H-2A visas
Fresh Plaza (04/27)

Syngenta Group Reports Solid Q1 2023 Results
Business Wire (04/27)

Mars and Cargill backing new scheme set up by the World Wildlife Fund aimed at making fisheries more sustainable; fund targeting US$100M in fisheries improvement by 2030
just-food.com (04/26)

 Food & Beverage

Fresh Produce

Berry Global wins gold awards for Packaging Excellence, Sustainability from FPA for its Entour recyclable PE film solution for fresh-cut produce; the package can achieve oxygen transmission rate ranges that can replace mixed material BOPP laminations
Berry Global Group Inc. (04/25)

Fresh Foods

Dollar store survey finds 51% of shoppers want more fresh and frozen foods, 47% want national brands, 35% want beauty and personal care brands; 72% say lack of organization, cleanliness are top reasons dollar store shopping is challenging: ChaseDesign
Business Wire (04/27)

Stora Enso launches Trayforma BarrPeel, a new recyclable, barrier-coated paperboard material for pressed trays, ideal for vacuum-packaged fresh foods; easy-peeling board material made with 90% renewable wood fibers, reduces plastic to under 10% of tray
Stora Enso Oyj (04/26)

Fruit / Vegetable Juices

Researchers develop active containerboard packaging for lemons using encapsulated essential oils; oils increase lemons' antioxidant enzyme activity, do not affect lemon quality, inhibit microbial growth during both cold storage and commercialization
Scientia Horticulturae (04/26)

Fruits, Vegetables & Salads

UK residents throw away 80 million food items weekly, according to research from food saving app Too Good to Go; tossed food includes 18 million meat, dairy items, 22 million bread, pasta items, 30.9 million fruits, vegetables, 8.7 million sweets, chips
Waste360 (04/27)

Study reviews metal-organic frameworks for active packaging materials, which extends fruit, vegetable shelf-life; MOF-based packaging can adsorb/desorb ethylene--a ripening agent--and prevent microbial growth, though toxicity issues remain challenging
MDPI Journal: Materials (04/27)

Protein

Study develops high-moisture meat analogs using yeast protein and konjac glucomannan blends; KGM improves hardness, chewiness, fibrous structures
Food Hydrocolloids (04/26)

Manna Pro introduces Superworm Swarm, a protein-packed insect blend of superworms, beetles and black soldier fly larvae for poultry and wild birds; Superworm Swarm was a 2023 American Pet Products Assn. Global Pet Expo New Product Showcase winner
PR Newswire (04/26)

Meat & Poultry

Tyson Foods to eliminate about 10% of corporate jobs and 15% of senior leadership roles, company says in a memo to employees; the move comes amid company's declining profit and struggles to improve results in its chicken business
International Business Times (04/27)

Premium pet treats company Shepherd Boy Farms partners with Independent Pet Supply to bring range of single-ingredient freeze-dried pet food to US Pacific Northwest; products use freeze-drying process to lock in flavors such as beef, lamb, duck and pork
PetFoodIndustry.com (04/27)

Cold Cuts / Processed Meats

US meat prices rise 0,9% year-over-year in March, a level well below the overall rate of grocery inflation, according to data from Circana and 210 Analytics; prices for fresh beef, pork, bacon and lamb down last month on a year-over-year basis
Food Dive (04/25)

Hogs / Pork

Total retail sales of total organic foods in Denmark fall 3% year-over-year to DKK15.5B in 2022, data shows; sales of organic pork, poultry and beef fall by 26%, 27% and 20%, respectively
M-Brain Nordic News (04/26)

We Are Ndependent launches superfood Pairs Treat Collection for pets, which company debuted at Global Pet Expo 2023; line offers Beef Liver with Golden Milk, Pork Heart with Golden Milk and Beef & Pork Group Shot, is available at independent pet retailers
Pet Insight Magazine (04/25)

Fish / Seafood

Aqua Blue Seafood and Starboard Seafood recalling certain oysters harvested by G+B Shellfish in Canada because of improper harvest authorization
Food Safety News (04/26)

Meat Alternatives

Study highlights the potential of oleaginous microalgae as a convenient, economical, sustainable, fish-free source of polyunsaturated fatty acids, such as omega-3; microalgae can accumulate up to 85% of lipids on a cell dry weight basis
Trends in Food Science & Technology (04/26)

Dairy Products / Dairy Alternatives

Danone invests in Israeli cell-based dairy and infant formula manufacturer Wilk Technologies, which makes its products through precision fermentation
MarketLine (04/27)

Ghana-based Niche Cocoa Industry ventures into milk-based products in PET bottles by installing an Aseptic Combi Predis line through Sidel; the line offers optimum food safety and product quality, reduces water usage and chemicals consumption
The Tetra Laval Group (04/27)

Milk / Milk Alternatives

Oatly announces partnership with Swiss International Air Lines, in which Oatly Caffe Latte will now be available for all of the airline's customers; announcement mark's Oatly's first global airline collaboration
GlobeNewswire (04/26)

Tetra Pak announces that 80 Disney and MARVEL-inspired designs will be showcased on Coop’s Qualité & Prix brand dairy drinks in beverage cartons in Switzerland; cartons will feature QR code enabling consumers to access fun and educational information
The Tetra Laval Group (04/26)

Coffee

CANOPHERA partners with Alamo Pet Experts to distribute Original Coffee Wood dog chews to independent retailers across Texas, New Mexico, Louisiana, Arkansas and Oklahoma; company also launched new sustainably-sourced chews at recent Global Pet Expo 2023
Pet Insight Magazine (04/27)

Pret A Manger raises price of its monthly coffee subscription by 2% to £30, also expands the service to include a 10% discount on all food and snacks sold in its shops
MarketLine (04/26)

Sugars / Honey / Sweeteners

Canadian government announces intention to amend legislation to clamp down on advertising of products containing excess sodium, sugars or saturated fat; proposals will form basis of draft piece of legislation that will go to a public consultation in 2024
just-food.com (04/26)

Packaged Foods

Ferrero to buy snack bar manufacturing facility in Germany from Laurens Spethmann Holding; financial terms not disclosed
MarketLine (04/27)

JBS USA announces that CEO Tim Schellpeper will return on May 1; Wesley Batista Filho to succeed Schellpeper
Globe Newswire (04/27)

Non-Alcoholic Beverages

Westrock Coffee Company to Report First Quarter 2023 Financial Results on May 11, 2023
Globe Newswire (04/27)

Arca Continental reports Q1 earnings of 3.73B Mexican pesos, up 20.6% from year-ago period; sales rise 10% to 50.68B pesos
CE Noticias Financieras (04/27)

Alcoholic Beverages

Constellation Brands announces two new environmental stewardship commitments: pursuing true Zero Waste to Landfill Certification in key operating facilities and enhancing use of circular packaging across beverage alcohol portfolio, both by fiscal 2025
Globe Newswire (04/27)

Boston Beer reports Q1 net loss of US$9M, with a loss of US$0.73/share, not meeting Wall Street expectations; revenue totals US$435.2M
Associated Press (04/27)

 Tobacco & Cannabis

Cannabis Products

Trulieve Cannabis opens new medical marijuana dispensary in Macon, Georgia, marking first dispensary in the state; company to open three more dispensaries across the state by year end
Canada Newswire (04/27)

Arizona recreational cannabis sales hit nearly US$81M in February, while medical sales declined to US$28.2M in the same month; total cannabis sales for first three months of 2023 were nearly US$1.5B, state data show
Casa Grande Dispatch (AZ) (04/27)

Tobacco, Cannabis & Derivatives

American Cancer Society calls on FDA to finalize its proposed rules to eliminate menthol cigarettes and flavored cigars; rules would help combat health disparities that affect Black Americans disproportionally, group says
Contify Life Science News (04/27)

About 30% of cannabis users in New Jersey purchased product from non-licensed dealers, overwhelmingly citing lack of nearby licensed dispensaries; meanwhile, most of the 69% of purchasers from licensed locations were satisfied with the experience: survey
Philadelphia Inquirer (PA) (04/27)

 Stock

Latest: Apr, 27 2023

Latest Value Prev Chg YOY Chg
Watchlist
Archer Daniels Midland (ADM) 78.01 77.03 1.27% -16.94%
CHS Inc (CHSCP) 29.60 29.43 0.58% -3.52%
Farmland Partners (FPI) 10.40 10.23 1.66% -29.40%
Fresh Del Monte Produce (FDP) 28.63 28.48 0.53% 9.57%
JBS SA (JBSS3) :BVMF 16.61 16.85 -1.42% -55.84%
SAMPLE REPORT