×

Food Products Agricultural Producers

  • *2017 output for Indonesia, Malaysia revised downward. Mistry said palm oil prices would rise due to tight inventory levels as production recovery in Malaysia and Indonesia was weaker than expected. Indonesia and Malaysia produce nearly 90 percent of global palm oil.

  • "The USDA is the U.S. Department of Agriculture, not the U.S. Department of Big Agribusiness." The rule was first proposed by the USDA in 2010 but faced delays after meeting resistance in Congress and by the meat processing industry. The USDA finally released it last December.

  • TULSA, Okla.— Three people have filed a class-action lawsuit against an Oklahoma-based addiction recovery program, saying it exploited them and other participants by forcing them to decide between going to prison or working for free at a poultry processing plant. The federal lawsuit filed Tuesday against Christian Alcoholics& Addicts in Recovery and the...

  • WASHINGTON, Oct 10- The U.S. Supreme Court on Tuesday refused to hear a bid by Conagra Brands Inc to escape a class-action lawsuit accusing it of falsely labeling its cooking oil as 100 percent natural even though it had genetically modified ingredients. The 9th U.S. Circuit Court of Appeals in San Francisco upheld that ruling in January, and the company appealed...

  • President Donald Trump makes a statement on the mass shooting in Las Vegas in front of a portrait of President George Washington in the Diplomatic Room at the White House in Washington, October 2, 2017.

    U.S. Trade Representative Robert Lighthizer takes a more conciliatory tone on the Korus pact, stepping away from threats to terminate it.

  • Sept 27- The South Dakota meat processor that sued ABC News over the characterization of its top-selling product as "pink slime" in TV news reports has set up a $10 million fund to help former employees and communities affected by the plants it closed in 2012, it said on Wednesday. The privately held Beef Products Inc sued ABC, a unit of Walt Disney Co, in 2012, saying...

  • George Boubouras of Contango Asset Management discusses how a water tax proposed by the Labour Party could affect dairy companies Fonterra and A2Milk.

  • Irma crushes Florida citrus crop

    Shannon Shepp, Florida Department of Citrus executive director, talks about the devastating impact Hurricane Irma had on Florida's citrus growers.

  • MUMBAI, Sept 14- Benchmark Malaysian prices for crude palm oil are likely to fall nearly 17 percent from current levels by November or December as overseas appetite for the commodity falters over the winter, leading industry analyst James Fry said on Thursday. Indonesia and Malaysia account for nearly 90 percent of global palm oil production.

  • The European Union is the second-largest palm oil export destination after India for both Malaysia and Indonesia, which dominate production in a global market worth at least $40 billion. Threatened by crumbling demand in Europe, the industry is waging a public relations battle and pushing producers to enter more price-sensitive markets, where Indonesia...

  • HAVANA, Sept 11- At least 10 people were killed in Cuba by Hurricane Irma, most of them crushed by collapsing buildings, authorities said on Monday, bringing the death toll from the ferocious storm to 38 in the Caribbean. Seven of the dead were in the province of Havana, while fatalities also were reported in Matanzas, home to the tourist resort of Varadero, and the...

  • HAVANA, Sept 11- Hurricane Irma seriously damaged Cubas already dilapidated sugar industry and flooded and flattened an extensive area of sugar cane, state-run media reported on Monday. The monster storm spent three days traversing most of the islands northern coast, from east to west, with particular force in the sugar-producing provinces of central Cuba,...

  • Irma puts squeeze on orange juice futures

    This could be the last straw for the Florida orange industry, says James Cordier, OptionSellers.com founder, talking about the potential dangers of Hurricane Irma to the Sunshine State's orange industry.

  • LONDON, Sept 7- Nestle and Unilever both snapped up small, artisanal brands on Thursday, part of a drive by big food firms to boost slowing sales with products seen as ethical or healthy. Nestle, the world's largest processed food company which has recently become a target of activist shareholder Third Point, said on Thursday it has agreed to buy Sweet Earth, a U.S....

  • A farmer swings a load of oranges onto his truck as he works in the grove in Acadia, Florida.

    Frozen concentrated orange juice futures, made famous in the movie "Trading Places," spiked higher as Hurricane Irma approached Florida.

  • Sept 6- Tyson Foods, the biggest U.S. meat processor, said on Tuesday it would build a $320 million poultry complex in eastern Kansas to meet increasing consumer demand for chicken. Tyson said in a post-earnings call in August that it was finding it difficult to meet the increased demand for fully cooked chicken and raw meat in the United States.

  • BEIJING, Sept 5- After decades of growth on the back of the coal mines that dot its vast grasslands, the Chinese region of Inner Mongolia is turning to sales of an altogether different kind of commodity to energize its economy- sugar. Improved farming techniques and increased mechanization mean that swathes of Inner Mongolia, which stretches for thousands of...

  • Aug 25- Meat processor Tyson Foods Inc said U.S regulators have not recommended any enforcement action after they concluded a probe related to allegations the company fixed chicken prices along with its peers for years. The No. 1 U.S. meat processor and a handful of other large meat companies have been accused of antitrust violations relating to the pricing,...

  • Aug 25- Meat processor Tyson Foods Inc said U.S regulators have not recommended any enforcement action after they concluded a probe related to allegations the company fixed chicken prices along with its peers for years. The No. 1 U.S. meat processor and a handful of other large meat companies have been accused of antitrust violations relating to the pricing,...

  • BEIJING/ SAO PAULO, Aug 18- China has launched an anti-dumping investigation into imports of Brazilian broiler chicken in another blow for the South American country's meat industry and threatening over $1 billion of exports annually. The investigation comes after a complaint from China's domestic industry that Brazil, its top supplier of chicken, has been...