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| The Food Institute, One Broadway, Elmwood Park, NJ 07407 Phone: 201-791-5570 Fax: 201-791-5222 www.foodinstitute.com | |
December 08, 2009Industry NewsGreen Mountain Coffee Roasters, Inc. entered into a definitive merger agreement to acquire Diedrich Coffee, Inc. for $35 per share in cash pursuant to a cash tender offer, in a transaction with a total value of approximately $290 million. Full Story
Tesco indicated plans to launch a version of its shopper loyalty program at its Fresh & Easy chain, The Financial Times reported. This would shift the company's original strategy for the U.S., which was to operate a discount store, delivering the lowest price to shoppers, reported Convenience Store News. Full Story There were 23.9 million foreign-born workers in the U.S. in 2007, a greater number than ever before, according to a new U.S. Census report. These workers represented about 16% of the total labor force. Foreign born workers represented 26% of the workforce in the agriculture, forestry, fishing and hunting industry and 24% of workers in the accommodation and food service industry group. Full Report Latest sales & earnings for food related companies (Updated Daily - FI Membership Required
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* Members only International NewsThe Chinese food market is poised for new growth, and was estimated at $750 billion in 2008, up almost 58% from its 2004 level, according to a study from Leatherhead. The report, which estimates the global food retail market to be worth more than $6 trillion, also estimates export volumes to be between 25 million and 30 million metric tons, and value at around $31 billion by the end of 2008, reported Food Navigator USA. Full Story The Turkish market offers both rewards and challenges to U.S. exporters, and contains a large and growing population that is rapidly changing its consumption patterns, noted FAS. Significant U.S. processed food exports to Turkey include condiments, snack foods and Tex-Mex products. FAS Report
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USDA is seeking comments concerning Cold Storage and Agricultural Prices data from the National Agricultural Statistics Service following the submission of information collection requirements to the Office of Management and Budget for review and clearance under the Paperwork Reduction Act of 1995. The agency is seeking comments related to the necessity of the information collection and any ways to improve the information's accuracy or clarity. Full Notice
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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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