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Food Products Agricultural Producers

  • *More biodiesel use in Indonesia, U.S. to tighten supply. NUSA DUA, Indonesia/ SINGAPORE, Nov 25- Lower output of palm oil and tight supplies of rival soybean oil are likely to give a short-term boost to the tropical product which hit four-year highs this week, before an expected reversal late next year as production recovers. Higher mandates for biodiesel...

  • *But says Indonesia demand for biodiesel to rein in declines. NUSA DUA, Indonesia, Nov 25- Prices for crude palm oil will drop nearly 30 percent by the third quarter of 2017 as global production recovers from the effects of last year's El Nino weather pattern, leading industry analyst James Fry said on Friday. In both H1 and H2, world output will be around 3 million...

  • NUSA DUA, Indonesia, Nov 25- Output of crude palm oil in world No.1 producer Indonesia could increase by up to 16 percent to between 32 million and 33 million tonnes next year, an industry group said on Friday. "In 2016, Indonesia experienced a wet dry season, which is favorable for oil production, so we expect that production will be back to its normal trend," said Fadhil...

  • Nov 21- Tyson Foods Inc shares tumbled more than 14 percent on Monday after the nation's biggest meat processor forecast lower-than-expected 2017 profit and said well-regarded Chief Executive Officer Donnie Smith would step down at the end of the year. Smith's departure surprised some on Wall Street, who regard him as the company's most successful CEO.

  • Nov 21- Tyson Foods Inc shares tumbled almost 15 percent on Monday after the nation's biggest meat processor forecast lower-than-expected 2017 profit and said Chief Executive Officer Donnie Smith would step down at the end of the year. Tyson expects profit of $4.70 to $4.85 a share in the year ending September 2017, below analysts' average estimate of $4.98.

  • Nov 21- Tyson Foods Inc shares tumbled almost 16 percent on Monday after the nation's biggest meat processor forecast lower-than-expected 2017 profit and said Chief Executive Donnie Smith would step down at the end of the year. The seller of Jimmy Dean sausage and Ball Park hot dogs expects profit of $4.70 to $4.85 a share in the year ending September 2017, below...

  • Nov 21- Tyson Foods Inc reported a lower-than-expected quarterly profit on Monday and said Chief Executive Donnie Smith would step down at the end of the year as the No. 1 U.S. meat processor looked to sell more branded prepared foods. "The board's decision to name Tom CEO at this time was based on both his track record and how his skills align with the company's...

  • *4th- qtr profit $0.96/ shr vs. est. Nov 21- Tyson Foods Inc posted a lower-than-expected quarterly profit and said Chief Executive Donnie Smith would step down at the end of the year as the No. 1 U.S. meat processor looks to expand its presence in branded prepared foods. Tyson, whose shares were down 13.8 percent in premarket trading on Monday, said its president, Tom...

  • Nov 21- Tyson Foods Inc reported a 12.8 percent drop in quarterly revenue, hurt by lower sales of beef and chicken, and said Chief Executive Donnie Smith would step down at the end of the year. The No. 1 U.S. meat processor said sales in the fourth quarter ended Oct. 1 fell to $9.16 billion from $10.51 billion a year earlier. However, net income attributable to Tyson rose to...

  • JAKARTA, Nov 17- Indonesia's crude palm oil output likely rose for a sixth month in October while exports were seen rising as buyers build up inventories. CPO production likely increased by 5.6 percent to 3.06 million tonnes, according to the median estimate in a survey of three industry associations and a state palm research firm. Indonesian Palm Oil...

  • A new report has called for taxes to be added to food prices in order to reduce greenhouse gas emissions and prevent obesity-related deaths.

  • KUALA LUMPUR, Nov 7- Some activist groups are withdrawing support for the palm oil body that provides sustainability certificates for the industry, saying it is biased towards producers and its complaints panel is flawed. Aidenvironment, an Amsterdam- based green group, could become the latest to cut ties with the Roundtable on Sustainable Palm Oil over what it...

  • Nov 2- Canadian meat processor Maple Leaf Foods Inc reported a 70.4 percent jump in quarterly profit, helped by higher sales in its prepared meats business. Net earnings rose to C $31.8 million, or 23 Canadian cents per share, in the third quarter, from C $18.7 million, or 13 Canadian cents, a year earlier. Maple Leaf's total sales rose 4.1 percent to C $852.1 million.

  • HAVANA, Nov 1- Communist-run Cuba said on Tuesday it was working on speeding up the slow pace of negotiations with foreign investors to help it come closer to meeting its target of $2 billion in investment annually to update the economy. The island has approved just $1.3 billion worth of projects since a law to bolster foreign investment was approved more than...

  • Oct 27- Smithfield Foods Inc closed its Tar Heel, North Carolina, hog processing plant on Thursday and Friday due to "operational issues" resulting from Hurricane Matthew, company spokeswoman Kathleen Kirkham said. She said the facility, the largest hog processing plant in the world, is "facing operational issues" as the company is still regaining its footing...

  • survey@ JAKARTA, Oct 18- Indonesia's crude palm oil output likely rose in September on the onset of the harvest season, while a rise in exports was also seen, according to a Reuters survey. CPO production likely climbed by 2.4 percent to 2.9 million tonnes, according to the median estimate in a survey of three industry associations, a state palm research firm and one...

  • LONDON/ PARIS, Oct 12- A sharp rise in sugar prices this year has helped transform the outlook for Brazil's sugar industry with the future now bright for a sector which suffered many closures and bankruptcies in recent years, the CEO of Louis Dreyfus said on Wednesday. International commodities trader Louis Dreyfus has a controlling interest in Brazil's Biosev...

  • WILMINGTON, N.C./ CHICAGO, Oct 11- Smithfield Foods Inc is working to resume operations on Thursday at the world's largest hog processing facility in North Carolina after closing it due to Hurricane Matthew, the plant's electric supplier said on Tuesday. The meat company told Four County Electric Membership Corp that it wants to reopen the facility in Tar Heel,...

  • WILMINGTON, N.C., Oct 11- Smithfield Foods Inc is working to resume operations on Thursday at the world's largest hog processing facility in North Carolina after closing it due to Hurricane Matthew, the plant's electric supplier said on Tuesday. Four County Electric Membership Corporation was told by Smithfield that the meat company wants to reopen the...

  • CHICAGO, Oct 10- The U.S. daily hog slaughter on Monday dropped more than 50,000 head, which industry sources attributed to possible plant closures in the Carolinas after Hurricane Matthew deluged the East Coast over the weekend. Smithfield Foods, the world's largest pork processor and hog producer, said its employees were working around the clock to determine...