GO
Loading...

Food Products

More

  • California drought could drain $8B, spike prices Friday, 21 Mar 2014 | 9:59 AM ET
    A dog hangs around an abandoned farmhouse on February 6, 2014 near Bakersfield, California. Now in its third straight year of unprecedented drought, California is experiencing its driest year on record, dating back 119 years and possible the worst in the past 500 years.

    California's drought may leave nearly a million acres of idle land this year because of a lack of water, a report said on Friday.

  • Darden profit meets analysts' lowered expectations Friday, 21 Mar 2014 | 7:15 AM ET

    March 21- Darden Restaurants Inc reiterated its plans to divest its struggling Red Lobster chain and reported third-quarter results in line with analysts' lowered expectations. The Orlando- based company, which also owns the Olive Garden and LongHorn Steakhouse chains, said on March 3 that severe winter weather hurt sales and profit.

  • March 20- ConAgra Foods Inc's quarterly profit beat analysts' lowered estimates and the maker of Hunt's tomato ketchup and Slim Jim beef jerky maintained its full-year earnings forecast.

  • March 19- Darden Restaurants Inc on Wednesday urged shareholders not to support activist investor Starboard Value LP's proposal for a special meeting to vote on the company's plan to divest its Red Lobster chain. Darden on Dec. 19 announced plans to spin off or sell its 705- restaurant Red Lobster chain.

  • *Beef smuggled from countries such as Brazil, India. SINGAPORE/ BEIJING, March 19- Sidestepping Beijing's import curbs, industry sources estimate hundreds of thousands of tonnes of beef from countries such as Brazil and India is being smuggled into China via neighbouring Hong Kong and Vietnam.

  • Food prices jump     Tuesday, 18 Mar 2014 | 2:08 PM ET

    The government is saying food prices saw the biggest monthly increase in nearly 2.5 years. CNBC's Jane Wells reports Dean Foods and Hershey are among the stocks with the most exposure to milk commodity prices.

  • MILAN, March 18- Sundried tomatoes and seabass tartare tickled tastebuds in Milan on Tuesday as upmarket Italian food hall chain Eataly opened a flagship store, the latest step in its plan to expand and list its shares on the market.

  • SHANGHAI, March 16- Japan's Nikon Corp has moved to allay consumer fears in China after being criticised on a closely watched consumer show that said the camera maker had sold defective products in China and denied local consumers fair treatment in aftersales service.

  • March 14- Smithfield Foods Inc, the world's largest pork processor, suspended hog slaughter at its Tar Heel, North Carolina, plant on Friday because of the spread of the deadly Porcine Epidemic Diarrhea virus which has tightened hog supplies, industry sources said.

  • March 14- U.S. packaged foods group General Mills Inc estimated third-quarter earnings below analysts' expectations as it faces increased competition from store brands and spends more on marketing its yogurts.

  • March 14- U.S. packaged foods group General Mills Inc warned third-quarter earnings would fall below analysts' expectations as it faces increased competition from store brands and spends more on marketing its yogurts.

  • The Center for Food Safety said on Thursday that it believes the USDA may have succumbed to outside pressure, possibly from Monsanto Co., the developer of the genetic trait in the biotech alfalfa.

  • WASHINGTON, March 13- Two U.S. senators urged the U.S. Department of Agriculture to approve disaster assistance for small pork producers affected by a deadly virus that has killed more than four million pigs across the United States in the past year.

  • Virginia has reported positive samples of the virus in the environment, but not yet in a hog herd, according to data released on Thursday by the U.S. Department of Agriculture's National Animal Health Laboratory Network.

  • WASHINGTON, March 13- Two U.S. senators urged the U.S. Department of Agriculture to approve disaster assistance for small pork producers affected by a deadly virus that has killed more than four million pigs across the United States in the past year.

  • Food companies navigating costs     Thursday, 13 Mar 2014 | 2:51 PM ET

    Discussing top consumer product and food stock picks as companies navigate weather and higher costs, with David Palmer and Nik Modi of RBC Capital Markets.

  • Companies face weather & food costs     Thursday, 13 Mar 2014 | 2:49 PM ET

    CNBC's Courtney Reagan reports from the RBC Capital Markets Consumer and Retail conference on Petsmart's weather troubles, and Texas Roadhouse facing higher beef prices.

  • WASHINGTON, March 13- Two U.S. senators on Thursday urged the U.S. Department of Agriculture to approve disaster assistance for small pork producers affected by a deadly virus that has killed more than four million pigs across the United States in the past year.

  • LONDON, March 13- Britain's Wm Morrison Supermarkets sparked fears of an industry price war on Thursday after it posted its lowest profit for five years and said it would invest 1 billion pounds in price cuts over three years to win back customers.

  • SENATORS REQUEST DISASTER DECLARATION FOR SMALL PORK PRODUCERS HARMED BY DEADLY PIG VIRUS.