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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 18, 2009
Editor's Note: Daily Update will not publish
Monday, Dec. 21 through Friday, Dec. 25. Publication will resume Monday,
Dec. 28.
Industry NewsA division of Ahold USA, Giant-Carlisle, will acquire 25 stores from Ukrop's Super Markets, Inc. The purchase price, which is approximately $140 million, includes 25 stores, inventory, equipment, lease agreements and one new store location. Full Story
Latest sales & earnings for food related companies (Updated Daily - FI Membership Required)
Food Institute NewsNew!!! Sign Up Today! The Food Institute and Olsson Frank Weeda Terman Bode Matz PC will host the Understanding FDA's Reportable Food Registry (RFR) webinar on Tuesday, Jan. 26 at 12 p.m. (EST). This webinar featuring Kathleen Gombas, Senior Advisor, Office of Food Safety U.S. Food & Drug Administration Center for Food Safety & Applied Nutrition and Joseph Lyzcek will address questions and update participants on FDA's current thinking regarding the RFR. In addition, webinar moderator Robert Hahn will provide insight on the legal obligation of reporting an adverse event through the RFR. To sign up and learn more, click here.
* Members only International News
Growth in India's economy and consumer buying power accelerated sharply since the early 1990s. As a result, India's food demand is expanding and diversifying. However, India's farm sector has not shared in the benefits of policy reform, and growth in the sector remained sluggish, noted ERS. ERS Report
Washington News
Market NewsAlmost three-fourths of retailers claim that the greatest opportunity to increase blueberry sales during the winter is a more consistent supply, according to a report by The Perishables Group. Others see a need for larger pack sizes and believe consistency and quality can be improved. Meanwhile, the majority of retailers noted that a primary difference between domestic and imported blueberries is price. Full Story In 2009, economic recession, high unemployment and abundant supplies of pork and poultry adversely affected demand for beef, noted ERS. As a result, demand was insufficient to maintain cattle and beef prices throughout 2009, which led to sluggish feedlot marketings, heavy dressed weights and ample beef supplies, despite relatively low cattle inventories. Meanwhile, continued declines in chick placements resulted in a reduction in the fourth-quarter 2009 broiler meat production estimate to 8.85 billion-lbs. and reductions to all the quarterly production estimates in 2010. ERS Report
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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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