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An example of a few headlines sent to our customers on Aug, 05 2022
Agriculture Industry

powered by Industry Intelligence, Inc.

August 05, 2022

Industry Roundup

Corn/Maize

Chicago Board of Trade soybean and corn futures fall on Aug. 3 as near-term weather forecasts call for rain in the Midwest that should ease crop stress
Reuters (08/04)

Commentary: Global wheat consumption in July-December could drop 5%-8% year-over-year, its biggest decline in decades, as record inflation forces consumers and companies to use less and replace the grain with alternatives such as rice, tapioca, corn
Reuters (08/03)

Grains

UN's Food and Agriculture Organization launches new US$40M Canada-funded project to further address grain storage shortages in Ukraine; initiative will allow storage of an additional 2.4 million tonnes of grain between 2022-2023
UkrInform (08/03)

Real Good Foods announces offering of new frozen Chicken Nuggets and Strips; product is 100% grain-free and gluten-free, with 3-4 grams of net carbs and 23 grams of protein per serving
PR Newswire (08/02)

Oils

KFC now offering chicken feet at its China locations, as fast-food chain looks to make use of more of the chicken to combat high oil prices caused by the ongoing pandemic and the war in Ukraine
Manila Bulletin (08/04)

Wheat

Commentary: UK inflation could spike to 15% in early 2023, remain higher for longer than expected, warns think tank; outlook largely driven by unpredictable gas prices, even as market prices for some core goods like oil, corn, wheat have fallen from peak
Independent, The (Online) (08/03)

Animal Farming/ Meat Production

Pilgrim's Pride announces plans to spend US$450M on CAPEX products over the next three years; the investments will focus on the US, including expansion of Pilgrim's small bird facility in Athens, Georgia
MarketLine (08/03)

PawCo Foods launches its proprietary plant-based dog food, ships first orders on August 3; company was founded by a former ImpossibleFoods employee and aims to improve pet health, reduce animal farming and the pet food industry's environmental footprint
PR Newswire (08/03)

Greenhouse/Urban/Vertical Farming

Kalera releases its most recent Environmental, Social and Governance Report; highlights include company using 95% less water than traditional field farming, as well as nearly 99% less land, via closed loop irrigation systems
Globe Newswire (08/03)

Soil Health/Soil Management

International Geosynthetics Society discusses how to promote better design practice, innovation for sustainable geotextiles at 6th UK Symposium; group notes geosynthetics can improve reuse of high-quality soil materials, greater need to test geosystems
International Geosynthetics Society (IGS) (08/03)

Agricultural Applications

Hisun Motors opens new US$105.0M plant in Saltillo, Mexico, to make ATVs for agribusiness, entertainment, sports markets with 50,000 unit capacity by 2024; ATVs to go to export market, including US, Canada
CE Noticias Financieras (08/02)

Agricultural Packaging

NatureSweet introduces new palm-sized packaging for its new Cherubs and Constellation To Go tomatoes; the crush-resistant packaging can fit into lunchboxes, backpacks and purses, has breathable lid so tomatoes can live longer and retain freshness
Globe Newswire (08/03)

Agricultural Technology

Cummins invests US$24.0M in Munich, Germany-based energy storage system firm VoltStorage; VoltStorage develops battery solutions based on redox flow technology for commercial, agricultural markets, is developing low-cost iron salt battery
Cummins Inc. (08/02)

Agricultural Waste

Indonesian scientists create biodegradable face masks, PPE aprons made with pineapple leaf-fiber paper to replace PP; results show pineapple fiber materials can be custom molded to face shape, and permit sufficient air flow, water absorption, filtration
Advances in Social Science, Education and Humanities Research (08/04)

Crop Production/Yield

Canadian government must ensure it does not mandate Canadian agri-businesses to reduce use of their nitrogen fertilizer in the future, as 72% of farmers say crop yield will be reduced if mandate is issued, says Canadian Federation of Independent Business
Canada Newswire (08/04)

Coffee production in Colombia in July totals 944,000 60-kg bags, down 22% from year-ago period, according to the National Federation of Coffee Growers
CE Noticias Financieras (08/04)

Genetically Modified Organisms (GMO)/Bioengineered Foods

Fiber producer Kraig Biocraft Labs' SpydaSilk team attends SaigonTex in Ho Chi Minh City, Vietnam, to grow network of suppliers; company seeks to partner with industry leaders to produce yarns, fabrics using its recombinant spider silk technologies
Kraig Biocraft Laboratories Inc. (08/03)

Plant Extracts/Plant-Based

Venture capital firm Climate Angels select seven startups under its Zero Single-Use Plastic Challenge; the startups will pilot their packaging solutions in India with several food and beverage partners and participate in a six-month boot camp program
Progressive Grocer (08/04)

SPX Flow--a North Carolina-based process solutions provider--and Germany-based separation technologies company Flottweg to design, supply, install environmentally friendly separation, processing membranes for plant-based health, food, beverage industries
SPX Flow Inc (08/04)

Agribusiness & Raw Foods

Revenue from Brazilian fresh and processed beef exports rises 21.8% year-over-year to US$1.23B in July, with volume rising 6.2% to 203,742 tons, according to the Brazilian Assn. of Meatpacking Companies
CE Noticias Financieras (08/04)

Cargill opens new headquarters for its India unit in Gurugram, Haryana, as well as a new Cargill business services office in Bengaluru; the openings mark the company's 35th year of operations in India
Krishijagran.com (08/04)

Unilever's Magnum ice cream brand launches an on-the-ground impact program developed to socially and economically empower the cocoa farming communities in the Ivory Coast; program aims to empower 5,000 cocoa farmers by 2025
Confectionery News (08/04)

 Food & Beverage

Fresh Produce

United Natural Foods announces implementation of new technologies and processes aimed at enabling company to shorten certain delivery times by over a day and harness the full potential of its data points to deliver fresher produce to its customers
Business Wire (08/04)

Lineage Logistics announces acquisition of Murcia, Spain-based cold-storage logistics company Grupo Fuentes to expand presence in one of Europe's main markets for fresh produce; GF operates a fleet of over 500 vehicles and trailers and a warehouse
Lineage Logistics Holdings LLC (08/02)

Fresh Foods

Placon’s OxyStar barrier material utilizes multilayer PET with an oxygen scavenging agent to keep products fresher for longer; product is recyclable, can be used for meats, cheeses, food with high vitamin C content, nuts and other foods with high fat
Placon Corp. (08/04)

Ocado unveils new sandwich platter packaging consisting of a tray, lid in 100% PCR PET and an FSC paperboard sleeve; the recyclable pack fits in Ocado delivery totes, helps improve shelf life, limit waste because fewer cut edges of sandwiches are exposed
Packaging News (08/04)

Fruit/Vegetable Juices

US government's International Trade Administration makes preliminary determinations that South Africa and Brazil are guilty of dumping lemon juice concentrates in that market
IOL (08/02)

Protein

Smithfield Foods donates more than 20,000 lbs. of protein to help the victims of recent floods in eastern Kentucky, in partnership with non-profit disaster relief organization Mercy Chefs
PR Newswire (08/04)

Victor Pet Food expands Classic Treats line to include tender beef options with Hi-Pro Bites and Hi-Pro Strips; treats feature real beef as the first ingredient, high protein content and support metabolism, immune system, digestive health, skin and coat
Pet Plus Magazine (08/02)

Meat & Poultry

Tyson Foods is refusing to comply with a subpoena for a civil probe into possible price gouging during the COVID-19 pandemic, according to New York's attorney general's office
International Business Times (08/04)

Tyson Foods officially brakes ground on a US$180M expansion project at its Caseyville, Illinois, prepared foods facility that will add seven new production lines; expansion in response to growing demand for Hillshire Farm and Jimmy Dean brand products
U.S. Regulated Equity Markets (Alternative Disclosure) via PUBT (08/03)

Hogs/Pork

Dog treat company Polkadog partners with Walden Local Meat to introduce pasture-raised, single-ingredient Polkadog Pork Jerky; Walden Local Meat is a community-based D2C program that works with local farmers across New England, New York to produce meats
Pet Plus Magazine (08/03)

Fish/Seafood

MIT World Peace University scientists review new methods for making electrospun, collagen nanofibrous mats for wound healing; fish collagen is naturally antimicrobial, can increase cellular respiration, moisture retention, removal with synthetic fibers
NewsRx Life Science Daily (08/02)

Eggs

Morrisons launches line of 'carbon-neutral' eggs from hens fed on insect-based feed; the eggs are being marketed as 'planet-friendly' by the supermarket and are part of its drive to be directly supplied by zero emission British farms by 2030
Independent, The (Online) (08/02)

Dairy Products/ Dairy Alternatives

Executive Perspective: Oatly is adamant that its oat-based milk drinks have proven resilient to the price increases initiated to ward off input-cost inflation, says CEO Toni Petersson
just-food.com (08/04)

Saputo announces plans to invest US$45M to convert its mozzarella cheese manufacturing facility in Reedsburg, Wisconsin, to a goat cheese manufacturing plant to increase capacity and expand company's position in growing specialty cheese categories
Saputo Inc. (08/04)

Milk/Milk Alternatives

Yili Group reports expansion of its infant formula milk powder business by over 20% across all channels in first five months of 2022, with the maternal and infant channel achieving a growth rate of 30%, exceeding that of all other players in the industry
Yili Group (08/04)

Commentary: Private-label dairy winning market share from branded products amid inflation crunch, with trend more pronounced in Europe; GlobalData says products like butter, milk, yogurt are harder to distinguish in taste across private label and branded
just-food (08/03)

Coffee

Krispy Kreme announces launch of its pumpkin spice menu; items include the new Pumpkin Spice Iced Coffee and the returning Pumpkin Spice Original Glazed Doughnut, Pumpkin Spice Original Filled Cheesecake Doughnut and Pumpkin Spice Cake Doughnut
Business Wire (08/04)

Tata Consumer Products subsidiary Tata Coffee reports fiscal Q1 net profit of 654.9M Indian rupees, up 42.4% from year-ago period, as revenue from operations rises 24.3% to 6.62B rupees
Financial Services Monitor Worldwide (08/04)

Sugars/Honey/Sweeteners

South African scientists review green methods to yield fermentable sugars from pulp, paper mill sludge; methods include pretreatment steps to improve enzymatic hydrolysis of cellulosic fibers for sugar recovery, particularly glucose: study
Journal of Environmental Management (08/04)

Mondelez launches Hu Organic Grass-Fed Milk Chocolate, which is the premium clean-label snacking brand’s first candy offering made with dairy; product is sweetened with organic unrefined coconut sugar
Food Dive (08/02)

Packaged Foods

Euromonitor: As Asian consumers seek opportunities for healthy aging, food companies can address specific nutritional needs through functional foods; in Asia, functional food/beverages are more familiar to help build prevention routines for all age groups
Euromonitor International Ltd. (08/04)

Morningstar: Even as Kellogg sets the stage for solo acts, it gave the market more to find favor with its Q2 results, which included 12.2% organic sales growth; biggest bright spot was North American cereal business, which reverted to growth in the period
Morningstar (08/04)

Non-Alcoholic Beverages

Executive Perspective: Coca-Cola Europacific Partners in talks with customers about another round of soft drink price increases, but company will be 'surgical' as it moves to ensure its products remain affordable, says CFO Nik Jhangiani
just-drinks (08/04)

Monster Beverage reports Q2 net earnings of US$273.4M, down 32.3% from year-ago period; net sales rise 13.2% to record US$1.66B
Globe Newswire (08/04)

Alcoholic Beverages

US spirits volume falls 1.6% year-over-year in June, its worst three-month period for volume trends since early 2009, suggesting that the market may be beginning to soften after a period of exceptional growth: National Alcohol Beverage Control Assn.
just-drinks (08/04)

Reed's announces launch of Reed's Hard Ginger Ale, featuring 5% alcohol by volume and available in four flavors: Mango, Pineapple Coconut, Cherry Lime and Watermelon Strawberry
Reed's Inc. (08/04)

 Tobacco & Cannabis

Cannabidiol (CBD) Beverages

Southern Glazer's Wine & Spirits signs distribution agreement with Fresh Hemp Foods, part of Tilray Brands' wellness division, for Tilray's CBD beverages
Globe Newswire (08/03)

Cannabidiol (CBD)/Cannabigerol (CBG)

Nuleaf Naturals, a CBD and wellness company, to reduce prices by 38% on average, noting growing competition as more companies enter the space; company highlights expertise that has enabled it to produce CBD products at scale
PR Newswire (08/02)

National Organization for the Reform of Marijuana Laws highlights preclinical data showing whole-plant CBD extracts show anti-bacterial activity against salmonella; Alabama State University research showed inhibited bacterial growth in culture
Targeted News Service (Press Releases) (08/02)

Tobacco, Cannabis & Derivatives

Iowa attorney general files lawsuit against Philip Morris, R.J. Reynolds and 16 other tobacco companies, alleging they defrauded Iowa of more than US$133M; companies have not paid agreed amounts to participate in the state and avoid health lawsuits
States News Service (08/04)

Arkansas medical marijuana sales for the first three months of 2022 surpassed US$65M; in April-June, sales surpassed US$68M, with 12,056 lb. purchased
Booneville Democrat (08/03)

 Stock

Latest: Aug, 04 2022

Latest Value Prev Chg YOY Chg
Watchlist
Archer Daniels Midland (ADM) 82.02 82.25 -0.28% 39.61%
CHS Inc (CHSCP) 30.12 30.23 -0.36% 0.60%
Farmland Partners (FPI) 14.19 14.85 -4.44% 15.46%
Fresh Del Monte Produce (FDP) 28.82 28.88 -0.21% -6.67%
JBS SA (JBSS3) :BVMF 31.70 32.24 -1.67% -3.62%
SAMPLE REPORT