Editor's Note: Daily Update will not publish Monday, Sept. 5. Publication will resume Tuesday, Sept. 6.

Industry News

Seneca Foods Corp. and Allens Inc. terminated negotiations for the merger of the two companies. Full Story

Several potential buyers emerged for Andronico's Markets, including Renovo Capital, which owns $29 million in secured debt of the company and proposed to pay $20 million to buy the rest of it, reported San Jose Mercury News. Full Story

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The cost of pasta increased about 20 cents in the past few months to an average of about $1.48 a pound across the U.S. due to heavy spring rain and record flooding, according to American Italian Pasta Co., reported The Associated Press. Full Story

A new, 496,000-sq. ft. Riverside, CA-based cold storage facility used by Wal-Mart is one of the largest in the world, according to Ocean County Register. The storage space can hold up to 60,000 pallets. Full Story

Solae will raise prices by 8% globally based on the continued trend of increasing global inflation and agricultural cost increases as well as high global demand for soybeans. Full Story

Latest sales & earnings for food related companies (Updated Daily - FI Membership Required)

Food Institute News

Pre-Order Today! The 2011 edition of The Food Institute's Food Industry Review is slated for release on or about Oct. 17. The Food Institute's yearly flagship publication features comprehensive write-ups and detailed sales charts on all segments of the food industry, providing information for the success of your business or research. Pre-orders are now being accepted online for the book and CD. To reserve a PDF version of Food Industry Review 2011, please click here or contact Sue Antista at 201-791-5570, ext. 212.

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International News

Panda Express is expanding into Mexico, with plans to open first restaurant in the country on Sept. 3 in Mexico City. Full Story

Health News

Individuals who regularly swap a serving of white rice for beans had a 35% lower chance of showing symptoms that are usually precursors to diabetes, according to a study published in American Journal of Clinical Nutrition, reported Reuters. Full Story

Washington News

While a broad range of factors influence the price of gasoline, worldwide crude oil prices continue to be the main driver of gas prices, according to a Federal Trade Commission Bureau of Economics staff report examining trends in the petroleum industry and how they have affected gasoline prices between 2005 and early 2011. Full Story, Full Report

Market News

Agricultural damage in New York state reached $45 million as of Aug. 31 due to Hurricane Irene, with the hardest hit region being the "black dirt" region of Orange County, according to Gov. Andrew Cuomo. Some 80% of farms that sell their products at New York City's Greenmarket Farmers Markets had seen some kind of damage, and 20% to 30% of them saw significant damage. Around 100 of the farms represented at the city's farmers' markets (70%) are from upstate New York, reported WNYC. Full Story

USDA will release its Vegetables report on Sept. 2 at 3:00 p.m. EST. View Details