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Food and Beverage Food Products

  • *Wilmar acknowledges "labour issues" in Indonesia palm oil sector. JAKARTA, Nov 30- Global consumer companies, including Unilever, Nestle, Kellogg and Procter& Gamble, have sourced palm oil from Indonesian plantations where labour abuses were uncovered, Amnesty International said on Wednesday. Children as young as eight worked in "hazardous" conditions at palm...

  • KUALA LUMPUR, Nov 30- Human rights abuses at palm oil plantations are going unpunished by the industry watchdog due to weak rules, critics say, as an Amnesty International report on Wednesday exposed severe violations at Indonesian plantations. "Simply put, the RSPO does not protect workers and is unable to provide truly responsible palm oil," said Emma Lierley,...

  • JAKARTA, Nov 30- Global consumer companies, including Unilever, Nestle, Kellogg and Procter& Gamble, have sourced palm oil from Indonesian plantations where labour abuses were uncovered, Amnesty International said on Wednesday. Children as young as eight worked in "hazardous" conditions at palm plantations run by Singapore- based Wilmar International Ltd and...

  • CHICAGO, Nov 29- Pilgrim's Pride Corp, the world's second-largest chicken producer, will buy smaller rival GNP Company in a $350 million deal that will increase its organic and antibiotic-free product offerings, the companies said on Tuesday. The sale comes after GNP, owned by privately held Maschhoff Family Foods, said in February that it planned to remove all...

  • Mehmet Oz on Tuesday under a largely untested Georgia food libel law, objecting to his claims that much of the imported extra virgin olive oil sold in U.S. supermarkets may be fake. Some members of the trade group conduct business in Georgia. The suit said Oz, host of a popular daytime TV talk show devoted to health issues, violated the Georgia law when he stated that...

  • CHICAGO, Nov 29- Pilgrim's Pride Corp, the world's second-largest chicken producer, said on Tuesday it will buy smaller rival GNP Company in a $350 million deal that will increase its organic and antibiotic-free offerings. Pilgrim's shares were up 2.1 percent at $18.35 in afternoon trading, broadly in line with other meat producers such as Tyson Foods Inc..

  • *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...

  • Higher mandates for biodiesel production in the United States and Indonesia will further squeeze inventories of palm oil, used in products ranging from candy to cosmetics and cooking oil. Palm oil production in Indonesia and Malaysia, which account for 80 percent of global supplies, is forecast to decline by nearly five percent to 58.8 million tonnes in 2016...

  • Higher mandates for biodiesel production in the United States and Indonesia will further squeeze inventories of palm oil, used in products ranging from candy to cosmetics and cooking oil. Palm oil production in Indonesia and Malaysia, which account for 80 percent of global supplies, is forecast to decline by nearly five percent to 58.8 million tonnes in 2016...

  • *Egypt pulls back as local traders dump shares. DUBAI, Nov 24- Egypt's stock index slipped from a multi-year peak on Thursday while shares in the Gulf were mixed with Saudi Arabia's market swinging in volatile, heavy trade but ending the week on a firm footing. Mohamed El Nabarawy, head of asset mananement at Cairo- based HC Securities& Investment, believes that there...

  • LOS ANGELES, Nov 23- U.S. full-service chains such as Olive Garden, Applebee's and Chili's saw a steep, 5.1 percent drop in sales at established restaurants during the week prior to the Nov. 8 U.S. presidential election, data showed on Wednesday. "Sales were down seriously around the country," for the week ending Nov. 6, said Malcolm Knapp, a restaurant consultant whose...

  • NEW YORK, Nov 23- The U.S. Environmental Protection Agency issued its final biofuels requirements for 2017 on Wednesday, boosting the volume of ethanol, biodiesel and other renewables that need to be blended in gasoline and diesel. American Council for Capital Formation "We look forward to working with the incoming administration and new Congress to address...

  • RIO DE JANEIRO, Nov 23- Brazil's state development bank BNDES plans to repay up to 100 billion reais in loans owed to the federal government using a mix of cash and securities, Chief Executive Officer Maria Sílvia Bastos Marques said, helping to curb rapid public debt growth. Bastos voiced agreement with Finance Minister Henrique Meirelles that the repayment...

  • Butterball frozen turkeys are displayed for sale at a Wal-Mart Stores Inc. location ahead of Black Friday in Los Angeles, California, U.S., on Tuesday, Nov. 26, 2013.

    Wholesale turkey prices may be down, but retail prices are the same as they were last year.

  • Hilltribe Organics

    The best model of success for a business is one that starts by telling the truth. Not enough companies understand that, let alone act on it.

  • Organic Thanksgiving dinner could cost you

    CNBC's Jane Wells reports on organic food trends and the price of turkeys ahead of Thanksgiving.

  • Turkey prices drive cost of Thanksgiving dinner lower

    John Newton, American Farm Bureau Federation, reviews results of this year's survey on the overall price of a traditional Thanksgiving dinner.

  • Pedestrians walk past a Dollar Tree Inc. store in Detroit, Michigan, U.S.

    Dollar Tree's shares gained 8.16 percent on Tuesday, closing at $88.68.