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 Industry Roundup |
Apples
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US lawmakers from Washington state ask federal government to help remove or reduce retaliatory tariffs on American apples imported by India, saying Washington state apple growers have lost market share in India
News Point (01/13)
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Corn/Maize
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Chicago Board of Trade soybean futures rise for a third consecutive day on Jan. 13, reaching a seven-month high; corn reaches a one-and-a-half week high following previous day's bullish USDA crop data and concerns about bad weather in Argentina
CE Noticias Financieras (01/16)
Chicago Board of Trade agricultural futures rebound during week of Jan. 9 as USDA's January reports lean bullish; corn futures recover and are testing the upper end of the recently established range
Xinhua News Agency (01/16)
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Grains
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Foster Farms' grain inventories restored after US government orders Union Pacific Railroad to step up its shipments
Associated Press (01/13)
CHS and Cargill announce expansion of its JV by adding the Cargill-owned export grain terminal in Houston; addition of the terminal will expand JV's export capabilities, providing shipping access for grains, oilseeds and byproducts through Houston port
PR Newswire (01/13)
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Oats
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Unilever-owned Breyers ice cream to launch its first non-dairy vanilla offering made with oat milk; the brand has produced non-dairy ice cream made with almond milk since 2017
Food Dive (01/13)
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Oils
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Study finds bioactive compounds from olive oil flavoring process, such as lemon, chili, pepper, basil, can improve overall oxidative stability of oil when compared with extra virgin samples, with the exception of garlic flavoring
Microchemical Journal (01/13)
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Oranges
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USDA's 2022-2023 Florida all orange forecast at 18 million boxes, down 2 million boxes from December forecast; if realized, this will be 56% less than last season’s final production
Fresh Plaza (01/13)
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Potatoes
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General Mills to close its plant in Cambara, Parana, Brazil, in December, which will result in the loss of 1,000 jobs; the company produces products derived from cassava, potatoes and peanuts in the city
CE Noticias Financieras (01/13)
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Soybeans/Soybean Meal
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USDA cuts estimates for US corn and soybean crop volumes in its monthly global grain supply and demand report; corn area in the US reduced by 2.1%, with production volume down to 348.8 million tons
CE Noticias Financieras (01/16)
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Animal Farming/ Meat Production
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Norwegian organic labeling provider Debio introduces new labeling scheme for meat and dairy products from animals that are mainly fed on grass-based feeds; meat from cattle, sheep and goats with more than 90% of their feed from grass can get new label
M-Brain Nordic News (01/16)
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Greenhouse/Urban/Vertical Farming
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Kalera plans to halt production at its farms in Atlanta and Orlando, Florida, which company says will result in an annual run rate reduction of operating expenses of approximately US$4.9M
Globe Newswire (01/13)
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Soil Health/Soil Management
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Alaska's governor outlines carbon management plan, which he expects to bring 'millions, if not billions, of dollars' to state without harming forestry and other existing industries; DNR would be authorized to support biologic and geologic sequestration
Targeted News Service (01/13)
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Agricultural Applications
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International Geosynthetics Society releases special English language edition of its Dutch GEOKunst magazine with a focus on sustainability; edition's topics include geosynthetics' degradability, circularity, contributions to mitigating climate change
International Geosynthetics Society (01/16)
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Agricultural Packaging
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Reliable Packaging Industries official believes the fruits and vegetables segment in India will drive the corrugated box industry, as the aggregate level of packaging in the segment is quite low and the segment is transitioning from loose to packaged
Print Week (India) (01/13)
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Agricultural Waste
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Scientists develop electrospun air filter for removing nanoparticles which is biodegradable, plant-based; filter is made of PLA on coconut substrate, has 70% filtration efficiency for particles ranging from 0.02 mm-0.2 mm: Warsaw University of Technology
Nanotech Daily (01/16)
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Crop Production/Yield
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Brazilian grain production will reach 310.9 million tons in the 2022-2023 cycle, up 14.5% from year-ago period, according to government statistics
Xinhua News Agency (01/13)
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Genetically Modified Organisms (GMO)/Bioengineered Foods
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Chinese government approves import of eight GMO crops; companies have complained about China's slow approval process for GMO crops, which halts products from being marketed globally unless they are approved by one of world's largest agricultural markets
Reuters (01/16)
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Plant Extracts/Plant-Based
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Bill Gates optimistic about future of fake meat and plant-based foods, endorses Beyond Meat, Impossible Foods, Upside Foods; however, cost is a big factor no matter the industry, and 'key to climate is to make clean products as cheap as dirty products'
CE Noticias Financieras (01/16)
Keratin products demand in North America boosted by rising cosmetic usage for skin, hair health; keratin-based anti-aging creams gaining popularity among elderly users, brands also launching vegan, plant-based keratin products to enhance market share: TMR
PR Newswire (01/16)
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Agribusiness & Raw Foods
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Iowa State University economist says farmers likely to deal with supply chain issues in 2023, with fertilizer a key concern, even as situation improves elsewhere; many fertilizer facilities not running at full production levels due to cost of natural gas
Iowa Farmer Today (01/16)
Colombian government obtains authorization to export beef, pork, poultry, dairy products and meat derivatives to Cuba for two years
CE Noticias Financieras (01/16)
Food systems, when transformed, can help solve some of the world’s toughest problems, from climate change to resilient livelihoods, according to new World Economic Forum report that presents case studies from seven key countries
World Economic Forum (01/16)
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Food & Beverage
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Fresh Produce
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Study of green bell pepper chutney mix finds fresh GBP chutney, followed by chutney with freeze-dried and vacuum-assisted microwave dried GBP, had higher likeness than chutney prepared from hot air dried samples
Measurement: Food (01/13)
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Fruits, Vegetables & Salads
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New York-based Utopia Foods expands recall of listeria-contaminated mushrooms imported from China; to date, no illnesses reported in connection with the recall
Food Safety News (01/16)
Scientists develop edible, biodegradable films from kale puree and sodium alginate; films represent 'high potential' for use in food packaging due to sustainable raw materials, nutraceutical benefits
Applied Food Research (01/13)
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Protein
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Tesco and its suppliers launch trial uses of fava bean as an alternative protein across several different ranges and ingredients
The Grocer (01/16)
Researchers review capabilities of electrospun protein fibers for food packaging, medicine, drug delivery, cosmetics, filtration; fibers show biocompatibility, low toxicity, degradability, but processibility issues have limited widespread utilization
Middle East Daily (01/13)
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Meat & Poultry
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Smithfield Foods donates 35,000 lbs. of food, equal to 140,000 servings, to help feed victims of the severe winter weather that recently engulfed eastern Kentucky
PR Newswire (01/13)
Coveris teams up with UPM Raflatac to deliver range of label, recycling solutions that reduce carbon impact of packaging in cooked meat category; Cranswick Convenience Foods to switch from PET release liner to fiber-based UPM Raflatac RAFNXT+ material
Coveris Holdings S.A. (01/13)
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Fish/Seafood
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USDA issuing public health report after California-based A & S Produce produces and distributes fully cooked, frozen swai fried fish cutlet products without benefit of federal inspection
Food Safety News (01/13)
Iceland government being advised to improve official controls on shellfish and fish products; first audit found official control system was risk-based and controls were in line with established frequencies, but there was lack of controls on landing sites
Food Safety News (01/13)
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Eggs
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Rabobank: Demand for eggs may even out in coming months, but supplies likely to remain tight in H1 as farmers continue to grapple with fallout from persistent outbreaks of avian flu in 2022; prices may drop, but only slightly and not for long
FeedNavigator.com (01/16)
Eat Just running a full-page ad for its plant-based egg scramble in the New York Times on Jan. 15; the ad positions the product as an alternative to chicken eggs as bird flu wipes out millions of chickens, causing egg shortages and rising retail prices
Business Insider (01/13)
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Dairy Products/ Dairy Alternatives
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La Vache a Maillotte brand Melo-Dieux surface-ripened soft cheese removed from Canadian marketplace because of possible listeria contamination; recalled product sold in Quebec and may have been distributed in other provinces and territories
Food Safety News (01/16)
Elopak attending International Dairy Foods Assn. Dairy Forum in Orlando, Florida, from Jan. 22-25; Elopak has enjoyed strong growth in North American market, driven by growing sales of school milk cartons and an increased market share for filling machines
Elopak AS (01/16)
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Milk/Milk Alternatives
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British government preparing to ban plant-based products from using dairy descriptor names such as ‘m*lk’ and ‘b*tter,’ according to claims from ProVeg UK
FoodNavigator.com (01/16)
Packaging Design Wrap-Up: Mosquito repellent’s disposable packaging kills mosquito larvae at the source; Bournvita’s ‘forced packs’ send message to parents; Mexican distilled spirit’s glow-in-the-dark packaging honors deceased loved ones
Industry Intelligence Inc. (01/13)
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Coffee
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UBS sees solid 2023 for Nestle and 5.1% organic growth, citing defensive portfolio, as strength in emerging markets outweighs slowdown in developed markets; company should benefit from product categories such as coffee, pet food, nutrition, consumer care
CE Noticias Financieras (01/16)
Vietnam's coffee exports total 1.8 million tons in 2022 with a total turnover of more than US$4B, up 13.8% in volume and 32% in turnover, respectively, compared to 2021, driven by rebound in demand and high prices: report
Xinhua News Agency (01/13)
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Sugars/Honey/Sweeteners
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UK food manufacturers fall short of voluntary targets to lower sugar in products, says government report; in 2017, Public Health England set out guidelines for food manufacturers operating in country to reduce sugar in several products by 20% by 2020
MarketLine (01/16)
World Health Organization recommends tax on sugar-sweetened beverages, citing substantial increase in the prevalence of overweight and obesity in the adult population
CE Noticias Financieras (01/16)
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Packaged Foods
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Grupo Bimbo to acquire Romanian bakery firm Vel Pitar from New York-based private equity fund NCH Capital; financial terms not disclosed
MarketLine (01/16)
Bimbo Argentina announces appointment of Jose Zavalia Lagos as leader of its Argentina operations, taking on role of general manager; Lagos previously served as sales director for Bimbo Argentina
CE Noticias Financieras (01/16)
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Non-Alcoholic Beverages
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Asahi Lifestyle Beverages signs five-year partnership with ASM Global to exclusively supply non-alcoholic drinks to some of the biggest entertainment venues in Australia, including Qudos Bank Arena, RAC Arena and Aware Super Theatre
Asahi Group Holdings Ltd. (01/16)
Coca-Cola Korea announces appointment of Jung Ki Sung as CEO; Jung has been with Coca-Cola Korea since 2000
Executive Appointments Monitor Worldwide (01/16)
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Alcoholic Beverages
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Heineken's Slovenia-based brewer Pivovarna Lasko Union sells its Sola and Zala brands to fellow Slovenian firm Nika Bev for an undisclosed amount
MarketLine (01/16)
EU to allow Ireland to put labels on alcohol warning of the danger of its consumption; messaging will include 'there is a direct link between alcohol and deadly cancers' and 'alcohol consumption causes liver disease'
CE Noticias Financieras (01/16)
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Tobacco & Cannabis
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Cannabidiol (CBD) Beverages
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Colorado-based Ceria Brewing no longer has a local licensed copacker, making its THC-infused beer not locally available anymore, says CEO; laws prohibit marijuana from crossing state lines, so products sold in Colorado also must be manufactured there
The Denver Post (01/13)
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Tobacco, Cannabis & Derivatives
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Massachusetts marijuana industry transitioning to a commodity market, in contrast to investors' hopes for a high-margin market; in fiscal 2023, lawmakers expect to impose 10.75% excise tax on recreational purchases
The Boston Globe (01/16)
Maryland lawmakers prepare to address regulation of Delta-8 THC, a hemp-derived cannabinoid; compound was incidentally legalized with state's hemp rules in 2018 and has now surpassed an estimated US$50M in annual sales
Baltimore Sun (01/16)
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Stock
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Latest: Jan, 16 2023
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Latest Value |
Prev |
Chg |
YOY Chg |
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Archer Daniels Midland (ADM)
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88.40
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88.40
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0.00%
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23.55%
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CHS Inc (CHSCP)
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28.09
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28.09
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0.00%
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-9.59%
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Farmland Partners (FPI)
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13.27
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13.27
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0.00%
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8.95%
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Fresh Del Monte Produce (FDP)
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27.99
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27.99
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0.00%
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-3.45%
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JBS SA (JBSS3) :BVMF
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21.50
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22.03
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-2.41%
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-41.99%
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