Food Products Agricultural Producers

  • KUALA LUMPUR, Sept 23- Crude palm oil prices are expected to drop around 19 percent from current levels to 2,200 ringgit per tonne over the next two months as production recovers in the new oil year, a leading industry analyst, Dorab Mistry, said on Friday. In the current oil year ending September, palm prices have gained 9 percent as dryness linked to an El Nino...

  • NEW YORK— Sugar has become the nutritional villain du jour, but just how bad is our addiction? Philadelphia recently passed a tax on sugary drinks, several other places have proposed them, and the government this year recommended we limit our intake of added sugars to 10 percent of daily calories, underscoring how significant elected officials believe the...

  • JAKARTA, Sept 19- Indonesia's crude palm oil output likely rose for a fourth straight month in August, according to a Reuters survey, continuing to recover as the impact from a drought fades. CPO production likely climbed 1 percent to 2.833 million tonnes in August from 2.802 million tonnes in July, according to the median estimate in a survey of three industry...

  • Sept 13- Snack foods company B&G Foods Inc is in talks to acquire ACH Food Companies Inc, the producer of Mazola cooking oil, from food supplier and retailer Associated British Foods Plc, according to people familiar with the situation. Associated British Foods has hired investment bank Moelis& Co to handle the sale, which could value ACH at between $300 million...

  • CHICAGO, Sept 8- Smithfield Foods Inc, a subsidiary of WH Group Ltd, on Thursday said its hog processing plant in Illinois that had been closed since Monday due to a fire will resume limited operations on Thursday.

  • US agribusinesses lose out if TPP not passed: USDA

    The stakes are high for U.S. agribusinesses if the TPP is not ratified by Congress, says the U.S. Department of Agriculture's Alexis Taylor.

  • A man works on a customer's John Deere lawn tractor at the Buck Bros. dealership in Hampshire, Illinois.

    The U.S. Justice Department filed a lawsuit on Wednesday aimed at stopping Deere from buying Precision Planting farm equipment business.

  • The problems facing French producers

    Michel Portier, head of Agritel, talks about problems with wheat prices that are affecting French farmers and food producers.

  • MUMBAI, Aug 17- The share of palm oil in India's growing edible oil imports is likely to plunge to a record low this marketing year as a rally in prices slashes its discount over rival soyoil. Palm's discount to soyoil has more than halved to $70 per tonne, from $171 in August 2015, according to data from Mumbai- based trade body the Solvent Extractors Association of...

  • *Malaysia watchdog has reinstated IOI's green certification. KUALA LUMPUR, Aug 15- Leading global buyers of palm oil are holding off on mending business ties with Malaysian plantation giant IOI Group despite an industry watchdog's decision to reinstate the producer's green certification. The Roundtable for Sustainable Palm Oil in April withdrew IOI's'...

  • *Q2 net profit $40 mln vs $10 mln year ago. SINGAPORE, Aug 12- Singapore- listed palm oil company Golden Agri-Resources Ltd said on Friday that its second-quarter operating performance had been hit by reduced output due to the El Nino weather pattern. The latest results included net tax-related benefits of $104 million from a revaluation of its plantation assets...

  • KUALA LUMPUR, Aug 11- Malaysian palm oil producers could be forced to find new customers in places like Africa as rival exporter Indonesia increases its dominance of major markets such as China and India due to cheaper prices and a more-favourable tax system. Malaysia has long-trailed Indonesia as the world's No.2 producer and exporter of the edible oil, used...

  • CHICAGO, Aug 9- U.S. meat processor Cargill Inc has stopped using an important antibiotic for people to prevent disease in turkeys, the company said on Tuesday, the latest food maker to drop the drug amid concerns about the impact on human medicine. Cargill has not used the drug, gentamicin, to prevent disease in turkeys that supply its two biggest brands,...

  • Shares of the biggest U.S. meat processor and the maker of Ball Park brand hot dogs reached an all-time high of $75.46 before easing in mid-afternoon trading. "Tyson is firing on all cylinders right now, and with corn below $3.40/ bushel, we think the lights will stay on at the party for some time," JP Morgan analyst Ken Goldman said in a note. Perdue Farms, a privately held...

  • Aug 8- Tyson Foods Inc, the biggest U.S. meat processor, reported a 41 percent rise in quarterly profit, helped by lower feed and livestock costs. Net income attributable to Tyson rose to $484 million, or $1.25 per share, in the third quarter ended July 2, from $343 million, or 83 cents per share, a year earlier. Sales fell to $9.40 billion from $10.07 billion.

  • Sales at Bunge's edible oil products unit, its second-largest in terms of revenue, rose 2.3 percent to $1.71 billion for the second quarter, driven by demand in Asia, Canada and Europe. Bunge had warned of second-quarter headwinds due to weather-damaged harvests in Brazil and Argentina, home to many of its elevators and processing plants. The crop shortfall,...

  • Members of the U.K.’s science and agriculture industries have already begun to voice concerns about Brexit's impact on funding and labour.

  • Vision Robotics Lettuce Thinner identifies lettuce seedlings and spray unwanted plants.

    Agriculture is one of the oldest economic activities on Earth, but robot technology may shake it up sooner than you think.

  • CHICAGO, July 5- Commodity trader Bunge Ltd will sell half its stake in oilseed crushing operations in Vietnam to Singapore's Wilmar International Ltd, the world's largest palm oil processor and one of the biggest soybean buyers, in an effort to integrate operations in a fast-growing market. Quang Dung, a soybean meal distributor in Vietnam, will keep a 10...

  • *In March, RSPO withdrew certification from Malaysia's IOI Group. Green groups are likely to welcome stricter audits as the right step towards curbing deforestation, habitat destruction and human rights abuses across plantations in top growers Indonesia and Malaysia. The industry has already been shaken by RSPO's decision to withdraw its sustainability...