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Agricultural Producers

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  • SHANGHAI/ HONG KONG, July 30- When inspectors visited Shanghai Husi Food Co Ltd earlier this summer, the production line at the plant now at the centre of an international food scandal appeared in good order, with fresh meat being handled by properly-attired workers and supervisors keeping a watchful eye over the process.

  • July 28- Tyson Foods Inc, the biggest U.S. meat processor, said on Monday it would sell its Mexican and Brazilian poultry businesses to bigger global rival JBS SA's Pilgrim's Pride for $575 million.

  • July 28- Tyson Foods Inc, the biggest U.S. meat processor, said it would sell its Mexican and Brazilian poultry businesses to JBS SA, the world's No. 1 meat producer, for $575 million. The company said it would use proceeds from the sale to pay down debt associated with its $7.7 billion acquisition of Hillshire Brands Co, which is expected to close in the current quarter.

  • July 28- Tyson Foods Inc, the biggest U.S. meat processor, said it would sell its Mexican and Brazilian poultry businesses to Pilgrims Pride Corp parent JBS SA for $575 million. Tyson, which also reported a 10.9 percent rise in quarterly sales, said it would use the sale proceeds to pay down debt associated with its $7.7 billion acquisition of Hillshire Brands Co..

  • SHANGHAI, July 25- Shanghai Husi Food, the U.S.-owned Chinese food supplier at the center of a meat safety scandal, won a court case earlier this year against a former quality control officer whose claims included that he was made to forge meat production dates. He said Shanghai Husi, which is owned by privately-held Illinois- based OSI Group, ignored his pleas.

  • SHANGHAI/ LANGFANG, China, July 23- Yum Brands Inc's China division severed ties to OSI China after Shanghai police detained five people from that supplier's meat processing factory at the center of a food safety scare that has ensnared several major Western brands.

  • NEW YORK, July 15- U.S. food manufacturers and sugar users have urged top U.S. government officials to reject pressure to negotiate a trade deal with Mexico to end a months-long dispute over allegations of cheap sweetener imports from across the border.

  • JOHANNESBURG, June 6- A South African footwear manufacturing union said on Friday it would strike for higher pay from Monday, as the government continued to negotiate for an end to a five-month stoppage in the platinum sector that has battered the economy.

  • June 5- J.M. Smucker Co forecast full-year profit above estimates as sales increased in its domestic consumer food business- which includes peanut butter and cooking oils- and despite rising coffee costs. The company, which also makes Jif peanut butter and Crisco oils, forecast full-year adjusted earnings of $5.95- $6.05 per share.

  • UPDATE 2-Tyson tops Pilgrim's offer to buy Hillshire Thursday, 29 May 2014 | 11:14 AM ET

    May 29- Meat processor Tyson Foods Inc offered to buy Hillshire Brands Co for $6.13 billion, trumping a bid from Pilgrim's Pride Corp, as it looks to expand into the fast-growing market for branded breakfast foods. Tyson offered $50 per share for the maker of Ball Park hotdogs and Jimmy Dean Sausages, $5 more than Pilgrim's bid.

  • UPDATE 1-Tyson offers to buy Hillshire for $6.13 bln Thursday, 29 May 2014 | 9:16 AM ET

    May 29- Tyson Foods Inc, the largest U.S. meat processor, offered to buy Hillshire Brands Co for $6.13 billion to expand into the fast-growing market for breakfast foods. The offer comes two days after Pilgrim's Pride Corp offered to buy Hillshire in an all-cash deal valued at $6.4 billion to expand its protein footprint with Hillshire's sausages and lunch meats.

  • Tyson offers to buy Hillshire in $6.8 bln deal Thursday, 29 May 2014 | 8:45 AM ET

    May 29- Tyson Foods Inc, the largest U.S. meat processor, offered to buy Hillshire Brands Co in a deal valued at $6.8 billion to expand into the breakfast food category. Tyson said it would offer $50 per share, representing a premium of about 11 percent to Hillshire's closing on Wednesday.

  • NEW YORK, May 21- Tyson Foods Inc, the United States' largest meat processor, is buying heavier hogs and expects to scale down production more than usual this summer, as it copes with a drop in pig supplies due to a deadly virus.

  • CHICAGO, May 19- A Michigan meat processing plant has recalled 1.8 million lbs of ground beef for possible contamination with the E.coli bacteria, the U.S. Department of Agriculture's Food Safety and Inspection Service announced on Monday.

  • MEXICO CITY, May 12- Mexico is getting ready to defend its sugar producers in a dispute over allegations of dumping made by U.S. competitors, Economy Minister Ildefonso Guajardo said on Monday.

  • WASHINGTON, May 9- U.S. trade regulators ruled on Friday in favor of investigating allegations that Mexico is dumping cheap sugar in the United States, taking Washington closer to imposing penalties on sweetener imports.

  • WASHINGTON, May 9- U.S. trade regulators ruled on Friday in favor of investigating allegations that Mexico is dumping cheap sugar in the United States, taking Washington closer to imposing penalties on sweetener imports.

  • May 5- Tyson Foods Inc, the largest U.S. meat processor, said its profit more than doubled in the second quarter, mainly due to strong demand for chicken. Net income attributable to Tyson rose to $213 million, or 60 cents per share, in the quarter ended March 29 from $95 million, or 26 cents per share, a year earlier. Revenue rose 7.8 percent to $9.03 billion.

  • WASHINGTON, April 18- The U.S. government launched on Friday a probe into allegations that cheap imports of Mexican sugar are causing nearly $1 billion in damages in the local market, even as the Mexican representatives made a formal rebuttal of the accusations.

  • WASHINGTON, April 18- Mexican sugar imports are no threat to the profitable, "well-heeled" and protected U.S. sugar industry, Mexican producers said on Friday, rebuffing accusations that super-cheap imported sugar risks nearly $1 billion damage to the local industry.