Food Products Agricultural Producers


  • April 18- Costco Wholesale Corp is considering building a poultry-processing plant in Nebraska in a move that would lead to the retailer buying area corn and soybean meal, according to an announcement by a local development council. The facility, if built in Nebraska's Dodge County, would create 1,100 jobs and work with local farmers to provide locally raised...

  • BENGALURU/ KUALA LUMPUR, March 18- Palm oil inventories are set to drop further as an El Nino weather event chips away at yields in Southeast Asia, boosting a rally in prices of the tropical oil and helping producers rake in more profits for the first time since 2011.. Palm oil prices have risen almost 9 percent over two months, with analysts expecting this trend to...

  • KUALA LUMPUR, March 9- Malaysian palm oil futures will climb nearly 20 percent to around 3,000 ringgit a tonne as dry conditions brought by the El Nino weather pattern curb output in major producers Indonesia and Malaysia, said top industry analyst Dorab Mistry. Palm oil prices will keep climbing until they hit a level that stifles demand from price-sensitive...

  • KUALA LUMPUR, March 9- Palm oil prices are expected to recover to trade around 2,700- 3,000 ringgit a tonne by June as dry conditions from the El Nino weather pattern crimp global output, leading edible oil industry analyst Thomas Mielke said on Wednesday. "We expect prices will recover... my expectation is palm oil futures are likely to recover to 2,700- 3,000 ringgit...

  • CHICAGO, March 8- Cargill Inc, a top U.S. meat processor, is trimming the use of antibiotics in its cattle supply amid concerns among some doctors and consumers about risks to humans from antibiotic-resistant bacteria. The company on Feb. 26 started eliminating 20 percent of antibiotics deemed important for human medicine and farm animals from its four feed...

  • LONDON, March 7- As grain and oilseed stocks continue to swell worldwide, rapeseed supply has been waning and is expected to tighten further in 2016/ 17.. The oil is a primary ingredient in Europe's growing biofuel industry and is one of the major vegetable oils for human consumption globally. As a meal, it is a high-protein animal feed used mainly in China and Europe.

  • *Africa's top oil exporter hopes for loan from China. LAGOS, Feb 18- Nigerian conglomerate BUA Group is in talks with China's Sinoma to build a steel plant in Nigeria and two cement plants in East Africa for $1.9 billion, its chairman said. He gave no details on the funding but Nigeria has been in talks with China's state export and import bank for a loan to spur...

  • DUBAI, Feb 8- Iran plans to turn itself into a major food exporter, hoping the lifting of sanctions will boost international trade and allow investment in the agricultural sector, an official in Iran's state grain buying agency said. Foreign business delegations have flocked to Tehran since the United States, European Union and United Nations lifted...

  • Feb 7- Palm oil prices could jump more than expected to 2,700 ringgit per tonne in the second quarter, the highest since early 2014, as seasonally lower output and dry weather dent inventories across Southeast Asia, vegetable oils analyst Dorab Mistry said. Concerns that dryness linked to an El Nino weather pattern will lower fresh fruit bunch yields in top...

  • Feb 5- Tyson Foods Inc, the biggest U.S. meat processor, reported a 49 percent rise in quarterly profit, helped by lower feed and livestock costs. Net income attributable to Tyson rose to $461 million, or $1.15 per share, in the first quarter ended Jan. 2 from $309 million, or 74 cents per share, a year earlier. Revenue fell 15.4 percent to $9.15 billion.

  • Short supply of Christmas trees

    There's a shorter supply of trees this holiday season than in recent years.

  • DuPont holding talks with Syngenta and Dow Chemical

    DuPont is holding talks with Syngenta and Dow Chemical for a potential deal, as the agriculture world struggles with lower crop prices and profits.

  • SAFM recalling contaminated chicken

    Sanderson Farms is recalling more than a half million pounds of chicken products that may have been contaminated with metal, the U.S. Department of Agriculture announced Thursday.

  • A 'fowl' quarter for Sanderson

    Falling chicken prices lead to disappointing Q3 earnings for Sanderson Farms.

  • Monsanto sweetens Syngenta deal

    Monsanto increases its offer for Syngenta.

  • Farm in the city

    CNBC's Morgan Brennan reports on new projects rethinking agriculture.

  • Vertical farming: Disrupting agriculture

    CNBC's Morgan Brennan reports on how new technology and big data are driving the viability of vertical farming.

  • Vertical farming: The next big thing for food

    CNBC's Morgan Brennan takes a look inside AeroFarms, located in Newark, New Jersey. The company is about to start growing two million pounds of lettuce inside a former industrial site.

  • Building a dairy empire in Vietnam

    Mai Kieu Lien, chairman and CEO of Vinamilk, discusses how she transformed the small, state-controlled dairy producer into Vietnam's second-largest company in terms of market capitalization.

  • Egg cost rising due to bird flu

    The bird flu outbreak could threaten U.S. poultry and egg supply for the next nine to eighteen months according to food service company Sysco.