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| The Food Institute, 10 Mountainview Road, Suite S125, Upper Saddle River, NJ 07458 Phone: 201-791-5570 Fax: 201-791-5222 www.foodinstitute.com | |
August 12, 2011Industry News
D'Agostino Supermarkets joined Allegiance Retail Services, a new division created by Foodtown, which offers independent retailers the benefits of a cooperative membership while retaining their own store banners. The transition will take place over the next few months, reported Supermarket News. Full Story ConAgra Foods Inc. is closing a microwave popcorn plant in Hamburg, IA. The company will close the plant in October and move the operations to its other popcorn facilities in Marion, OH and Rensselaer, IN. The Hamburg plant makes Orville Redenbacher's and ACT II microwave popcorn, reported The Associated Press. Full Story
Approximately 62% of college students eat at on-campus dining facilities at least weekly, according to Technomic's College and University Consumer Trend Report. Customization is an increasingly critical issue for college diners: nearly half (47%) believe it is important that they can omit or substitute ingredients in their food. Some 21% of students limit their consumption of meat. In addition, 48% would like more on-campus dining facilities to stay open later at night. Full Story Latest sales & earnings for food related companies (Updated Daily - FI Membership Required)
Food Institute News
* Members only International NewsWal-Mart Stores Inc. is exploring the possibility of buying Carrefour SA's Brazilian unit. UBS AG is advising Wal-Mart on the possibility of making an offer for Carrefour's Brazilian stores, though Wal-Mart is not currently in talks with Carrefour and has not contacted the company about its interest. The two companies attempted to reach a deal on the Brazilian stores two years ago but ended talks because of a price disagreement, reported The Associated Press. Full Story
Leprino Foods Company opened a business center in Singapore to develop cheese and other dairy products for the Asia-Pacific region. Full Story
Washington NewsUSDA and DOE awarded 10 grants totaling $12.2 million to spur research into improving the efficiency and cost-effectiveness of growing biofuel and bioenergy crops. Full Story The Daily Update is a substantially abbreviated version of Today In Food. You can get a subscription to Today In Food, which usually has over 30 news items each day, as well as access to the archives for just $49.95 per year. Click here to sign up.
Market NewsMany hog producers across the U.S. have no intention of expanding their herds as feed costs rise. At the same time, pork exports are surging, especially to China where tight supplies are fueling food inflation. Chicken producers also recently started reducing flocks as high feed costs hurt bottom lines, reported Reuters. Full Story There is new evidence of Asian carp in Wisconsin waters, according to data from the Wisconsin Department of Natural Resources. An angler's catch of a bighead carp in the Lower Wisconsin River and traces of silver carp DNA were found in the St. Croix River late last month. However, no young Asian carp nor other signs of successful reproduction have been documented so far in any Wisconsin waters. Full Story
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FI's Mission: The Food Institute strives to be the best "single source" for current, timely and relevant information about the food industry from "farm to fork." The association serves as a trusted source of information, providing balanced coverage of the issues. It delivers information through multiple media so that industry professionals worldwide can tap in when and how they choose. For more information, visit, http://www.foodinstitute.com. |
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