In this week’s food industry news in 2 minutes, we examine rising egg prices and Cal-Maine’s reaction to them.
This week’s podcast also touches on a White House executive order that on Monday reduced the “de minimis” tariff on China goods to 54% from 120%, with a $100 flat fee starting May 14. The decision is the latest development in a broad thawing of trade-war tensions after the two nations paused most tariffs for 90 days, reported Yahoo! Finance. Full Story
Additionally, despite grocery inflation concerns, Meijer revealed it is dropping the prices of 70+ seasonal private-label offerings this summer. The promotional items include hot dog and burger buns, lemonade, canned vegetables, and baked beans. Full Story
And, finally, Robert F. Kennedy Jr. said “major, dramatic” changes are coming for U.S. school lunches. The Trump administration is racing to overhaul the government’s official nutrition advice, in part to revise its approach to school meal programs, reported Food Fix. Full Story
The FI Fast Break podcast provides the food and beverage industry with a quick-hitting update regarding impactful news. The podcast aims to keep F&B business leaders up to date on news that can help them stay a step ahead of the competition.
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