Cost reduction was a central theme at the recent IFT FIRST industry event. Exhibitors offered a range of solutions to reduce costs in the short-term and future-proof supply chains in the long-term.
Corn stocks, poultry flocks and highly-pathogenic avian influenza – what does the U.S. agricultural system look like amid these headwinds?
A regular feature in shopping carts from coast to coast, the humble banana has long been a reliable source of nutrition, convenience, and affordability. Yet beneath its cheerful exterior lies a complex tale of botanical intrigue, economic uncertainty, and environmental peril.
Cocoa prices are nearly 65% higher than they were one year ago, and New York futures prices have hit a 46-year high.
“Consumers can expect to see ancient grains used as an alternative base for many products, ranging from cereal, to bread, to pancake batter. Expect to see them regularly on the menu in restaurants, especially in dishes with other healthy items such as salmon, vegetables, or tofu.”
About 68 million birds have been killed since the outbreak began in the U.S. in February 2022. Cases are again beginning to tick up, with 2.8 million birds killed on Iowa farms in the past month and 1.3 million at an Ohio egg farm.
While food inflation seems to be cooling in the aggregate, watermelon prices remain red hot. That’s according to Mintec, a market intelligence company, which recently reported prices had surged 49% in mid-July when compared to …
The ramifications of weather and war have resulted in a global rice shortage, which could be among the worst in nearly a quarter century. Rice production for 2023 appears destined for a severe shortfall. “The …
Fed cattle prices are expected to range from $150 to $172 per hundredweight, averaging $158 for the year, up $14 from last year.
With inflation remaining steady, many companies currently face dilemmas. Some are doing everything in their power to absorb the higher operating costs and to keep their prices down. Others, however, have been able to pass …
Despite the recent downward trend in coffee exports, the latest reports show some light in the darkened tunnel. What’s making things look brighter in the world of java? The Food Institute has the latest. Produced …
California could experience “megafloods” as a large portion of the country experiences “megaheat,” according to a UCLA study.
The global wheat outlook may be improving after the United Nations reported that Russia and Ukraine took a “critical step forward.”
Call it a perfect storm: COVID led to labor shortages and supply chain issues and to fuel shortages, all of which contributed to inflation. Factor in Russia’s invasion of Ukraine and unpredictable weather, and food …
Cargill announced it will eliminate trans fats in its products by the end of 2023 to help improve consumer diets, the first manufacturer to agree to new World Health Organization standards. “Cargill became the first …
Labor issues continue to fan the flames of supply chain disruption, fueling raw material shortages and poking holes in production output, while food manufacturers struggle to keep up with volatile demand. “The U.S. manufacturing sector …
The cost of ingredients for breakfast staples continues to rise as global food production, processing and transportation challenges collide with higher demand from the pandemic rebound. According to the Financial Times breakfast indicator, futures prices …
Panic buying leading to shortages of toilet paper and other commodities took hold at the beginning of the pandemic in March 2020, and experts warn a similar situation could develop in coming months, largely due …
Here are trending economic and food industry data points, as well as major economic and company earnings releases for the coming week: an interview with Wells Fargo agricultural economist Dr. Michael J. Swanson on a …
Inflation is affecting prices across the food continuum, and meat is no exception. Meat prices were up in the first two quarters of the year when compared to both 2020 and 2019, according to analysis …
The USDA’s Farm Service Agency will begin accepting applications next Tuesday from livestock producers who suffered pandemic losses as a result of their inability to gain sufficient access to processing. Relief will come from the …
Global food prices recently fell for the first time in a year, potentially offering some relief for consumers and easing inflationary pressures. COSTS DROP 2.5% A United Nations gauge of food costs dropped 2.5% in …
While Americans are paying more for everything from lumber to computer parts, and with most of the food industry contending with price increases, one surprising exception can be found: avocados. While often considered one of …
Here are trending economic and food industry data points, as well as major economic and company earnings releases for the coming week: unemployment benefits, global debt, surging commodities, restaurant reservations, Coca-Cola (COKE), and more Trending …
Many food companies are raising prices to offset higher costs. Higher commodity costs are pressuring companies’ profits, while some are also starting to lap their surging sales sparked by stockpiling in 2020, reported CNBC (March …
Global food prices are the highest they’ve been in six years, with the price of agricultural commodities traded on the global stage rising 50% since the middle of 2020, according to economists at Rabobank. Additionally, …
U.S. coffee processors are reporting significant cost increases in their operations, mostly related to transportation, and expect to raise retail prices soon. Mid-sized and smaller roasters have been hit hardest, but even larger companies say …
COMMODITIES SUPERCYCLE U.S. agriculture is at the beginning of a commodity “super cycle,” according to Brett Stuart, CEO of Global AgriTrends. He said China is driving markets for beef, pork, poultry and corn, and that …
Soybeans and other commodities are seeing a jump in prices due to dry weather and strong export demand from China. Could this lead to higher prices for consumers? RISING COMMODITY PRICES Prices for corn, soybeans, …
New data provided by the U.S. Bureau of Labor Statistics note that food prices are up due to demand. The food index rose in December, as both food at home and the food away from …
With the USDA expected to issue a report Jan. 12 reducing its domestic corn stock outlook, grain prices spiked with corn prices nearing $5 per bushel Jan. 5. The increasing prices could signal a boon …
China has started buying U.S. supplies of soybeans from next year’s crop much earlier than usual, reported Bloomberg (Dec. 7). The world’s top importer is loading up on U.S. crops, including corn and soybeans, to …
China accepted its first-ever commercial container of U.S. rice in history, creating cautious optimism with rice growers across the U.S., reported Western Farm Press (Nov. 3). The shipment was received as Chinese buyers await the …
Commodities, such as cheese and lemons, are still facing issues caused by the coronavirus pandemic. Cheese The U.S. cheese industry is reeling after months the pandemic causing upheaval in prices and demand, reported The Wall …
CME Group Inc. and Nasdaq Inc. are planning to launch a futures contract later this year that will allow farmers, speculators, and others to wager on the price of water, reported The Wall Street Journal …
