French beverage company Pernod Ricard says its annual profit rose 4 percent in a difficult year, as its operations in the U.S. and emerging markets buoyed poor performance in Europe. The company said its net income was 1.2 billion euros ($1.6 billion), up from 1.1 billion euros last year.
Japan's nuclear regulator said it is largely unknown what impact radioactive water leaking from the country's wrecked nuclear plant is having on the Pacific Ocean. Also, Japanese fisheries association executives criticized the plant operator over the unstoppable leaks, saying the situation could doom Japan's fishing industry.
Authorities say animal rights activists may be responsible for vandalism at a meat production facility in Lapeer County, Mich. Sheriff's Lt. Gary Parks said detectives are investigating the vandalism which took place early Monday at McNees Meats, about 60 miles north of Detroit.
The Center for Food Safety, Environmental Integrity Project, Food & Water Watch, The Humane Society and Iowa Citizens for Community Improvement joined forces to sue the U.S. Environmental Protection Agency after it scrapped a rule that would have allowed it to collect data from large livestock farms.
Colorado-based Pilgrim's Pride Corp. has announced plans to invest $25 million to to renovate its facility in Enterprise, Ala., and create a new feed mill in Pinckard. The expansion is aimed at bolstering the company's efficiency and competitiveness.
Mexico's soft drink industry is planning to buy more of its own cane sugar so less of it will be sold elsewhere, an issue that has frustrated the U.S. sugar industry, particularly in the last year. Mexico increased sugar shipments to the U.S. from 6 to 8 million metric tons in the last growing season.
Environmental and animal welfare groups sued the U.S. Environmental Protection Agency on Wednesday, alleging the federal agency unlawfully scrapped a rule that would have authorized it to collect information from large-scale livestock confinement farms.
Jack Daniel's maker Brown-Forman Corp. said Wednesday its first-quarter net income fell 3 percent, missing Wall Street forecasts, because of lower sales for a range of spirits compared with a year ago, when retailers stocked up ahead of price increases.
Thousands of people are splattering each other with tons of tomatoes in the annual "Tomatina" battle in recession-hit Spain, with the debt-burdened town charging participants entry fees this year for the first time. Bunol town says some 20,000 people took part in Wednesday's hour-long street bash.
Fonterra has resumed operations in Sri Lanka after temporarily closing its plant out of concern for the safety of its staff. Operations in Colombo were temporarily halted after supporters of a government-allied political party held a protest near Fonterra's office.
According to a new market research report, the beverage packaging market will grow from an estimated $97.2 billion in 2012 to $125.7 billion by 2018, at a CAGR of 4.3 percent from 2013 to 2018. Asia-Pacific led the global market, followed by Europe and North America.
The 12 countries involved in the Trans-Pacific Partnership (TPP) free trade negotiations are likely to forgo any easing of their individually established food safety standards, as the subject is not being discussed, negotiation sources said Wednesday.
Assistant U.S. trustee James Snyder said he believes Northern Beef Packers, which filed for Chapter 11 bankruptcy protection last month, is "administratively insolvent" based on company reports and statements, and asked a judge to convert the company's bankruptcy to Chapter 7 liquidation.
A Virginia dairy cooperative says it's buying a vacant ice-cream plant in Hagerstown, Md., that produced Good Humor bars for nearly 30 years before it closed last year. Valley Pride LLC of Harrisonburg, Va., plans to begin milk and ice cream production at the plant this fall.
Shares of Indian specialty rice maker Amira Nature Foods climbed after the company posted strong net income and sales in the first quarter of the fiscal year. Amira said its net income more than doubled on greater sales volumes and higher prices in India and other markets.
Fisherman Fumio Suzuki sets out into the Pacific Ocean every seven weeks, not to catch fish that he can sell but to catch fish that can be tested for radiation. In a nation highly sensitive to food safety, there is no market for the fish caught near the stricken Fukushima Dai-Ichi nuclear plant.
Though federal officials don't have hard data yet, they report isolated incidents of some schools shunning healthy lunch options facilitated by the National School Lunch Program. Some districts saw a double-digit percentage drop in lunch sales after transitioning to healthier meals.
Karen Olson, the former CEO of a Mat-Su Valley creamery, said she hopes a federal grand jury indictment against her ultimately will set the record straight on the company she helped create. She is charged with defrauding the state to illegally obtain a $430,000 loan for Valley Dairy Inc.
Sanderson Farms said its net income more than doubled in the fiscal third quarter, reflecting higher prices for its poultry products. The company said the average price for a whole chicken rose about 12 percent compared with a year ago.
Cargill Beef says it will spend $48 million to install an automated order distribution system at its Dodge City meatpacking plant. The Wichita-based company said Tuesday the system will be housed in a specially built 62,000-square-foot facility.