Beef now costs more than $10 a kilogram (2.2 pounds), up from around $6 a kilogram nine months ago. Meanwhile in the past month alone, sellers at a traditional market in Jakarta report garlic has leaped three and half times to $7.20 a kilogram, while shallots increased more than fourfold to $4.60 and chilies more than tripled to $5.15.
Starbucks Corp. said Monday that it has hired Sharon Rothstein, a marketing executive at makeup store chain Sephora, as its new chief marketing officer. Starbucks has come back strong from its struggles during the recession, expanding in Asia and the U.S.
Shares of Craft Brew Alliance climbed more than 2 percent Monday as an analyst raised the craft beer company's rating and price target, saying it is well positioned for accelerated shipment growth this year. Vivien Azer of Citi Investment Research boosted Craft Brew to "Buy" from "Neutral." The analyst also increased her price target for the parent company of Portsmouth, N.H.'s Redhook Brewery to $10 from $7.50.
The pig carcasses — about 14,000 of them — have been floating down rivers that feed into Shanghai for nearly two weeks. The city's residents have been told not to worry, and not much else. Where the pigs came from, how they died and why they suddenly showed up in the river system that supplies drinking water to a city of 23 million has not been explained.
In this Thursday, March, 14, 2013 photo, a vendor slices meat as he serves customers at his stall in a market in the outskirts of Jakarta, Indonesia. The price of beef, the main ingredient in the Indonesian delicacy bakso, has hit a record high while other essential ingredients — garlic, shallots and chillies — have also recently skyrocketed.
After the release of a spate of horrific videos showing egregious cases of animal abuse at slaughterhouses, meat processors are lobbying for legislation making it harder for animal welfare advocates to film abuse. Such bills are making their way through legislatures in California, Nebraska and Tennessee.
A Goldman Sachs analyst on Monday downgraded food maker J.M. Smucker Co. on concerns about slowing sales and growing competition. Analyst Jason English cut his rating on the food company's stock to "Sell" from "Neutral," saying the company's revenue may fall on lower prices and tepid coffee sales.
The U.S. Environmental Protection Agency wants a judge to dismiss a West Virginia chicken grower's lawsuit over water-pollution orders the agency issued against her then withdrew in December, arguing the case is now moot. But court filings show Eight is Enough farm operator Lois Alt plans to join the West Virginia and American Farm Bureaus in trying to keep the case alive.
Major beer brewer Sapporo Breweries Ltd. said Tuesday it has fired a 45-year-old salesman suspected of embezzling around 130 million yen (about $1.4 million) of company funds. Sapporo Breweries said it has filed a complaint with Tokyo police on suspicion of embezzlement.
Neogen Corp., a Lansing-based developer and manufacturer of animal and food safety products, has seen sales of its rapid meat speciation test kits spike amid a global horse meat scandal. Neogen Corp. is the maker of F.A.S.T. Species Identification Kits, screening tests that can detect the presence — at concentrations as small as 1 percent — of different species in uncooked meats and meat products.
A bankruptcy judge has approved the sale of Twinkies to a pair of investment firms. Hostess Brands Inc. is selling the spongy yellow cakes, along with other snacks including Ding Dongs and Ho Hos, to Apollo Global Management and Metropoulos & Co. for $410 million.
Family dining occasions are naturally a trademark of the family-style segment; in fact, nearly half of parents polled by Technomic (49 percent) visit family-style restaurants at least once a week. Even though parents and kids may be the primary target audience for family-style restaurants, opportunities exist to boost traffic and sales from other groups, including younger Millennial and Hispanic consumers.
Michael Roarty, the marketing executive behind many of the iconic advertising campaigns that turned Anheuser-Busch into a beer industry superpower, has died. He was 84. The brewery and the funeral home handling arrangements confirmed that Roarty died Saturday from a heart attack suffered a day earlier at his home in the St. Louis suburb of Town and Country.
If you think a Whopper's too indulgent but are sick of chicken sandwiches, Burger King is offering a turkey burger for the first time. The Miami-based company is rolling out the new sandwich this week as part of its limited-time offers for spring, marking the latest fast-food effort to cater to health-conscious diners.
While fears about the safety of Chinese food products are often well founded, in Vietnam they are so tangled up with anti-Chinese sentiment it is hard to tell where one begins and the other ends. More than 1,000 years of occupation, a bloody border war in 1979 and renewed assertiveness by China in pushing territorial claims in the South China Sea mean that tales of Chinese perfidy find fertile soil in which to grow.
Coca-Cola is taking bottled water and doing what it does best — giving it some bubbles and flavor. The Atlanta-based company confirmed Monday that it would introduce a line of zero-calorie, carbonated, fruit-flavored waters called "Fruitwater" starting April 1. The drink will be part of Coca-Cola's Glaceau unit, which makes other pricier bottled waters such as Vitaminwater and Smartwater.
In a pushback led by the meat and poultry industries, state legislators across the U.S. are introducing laws making it harder for animal welfare advocates to investigate cruelty and food safety cases. Some bills make it illegal to take photographs at a farming operation. Others make it a crime for someone such as an animal welfare advocate to lie on an application to get a job at a plant.
Rumors hit the Internet and state-run media that Chinese fruit on sale in Vietnam might look good, but it contains deadly levels of preservatives and pesticides. Shoppers quickly stopped buying imported fruit altogether, believing it all tainted or falsely labeled.
The number of dead pigs retrieved from waters in and near China's financial hub of Shanghai has reached 12,566. Authorities in Shanghai plucked 611 dead pig carcasses Saturday from Huangpu river, which provides drinking water to the city's 23 million residents. In total, 8,965 dead pigs have been found in the river since March 8.
Beer maker Anheuser-Busch InBev says there has been substantial progress toward a resolution of the U.S. Justice Department's legal challenge to the company's $20.1 billion deal to buy Mexican brewer Grupo Modelo. The companies and the government have asked a federal court to extend a halt to legal activity in the case from March 19 to April 9, giving the two sides more time to talk.