Cereal maker Post Holdings anticipates that its fiscal 2013 revenue will top Wall Street's expectations. The St. Louis company, whose brands include Grape-Nuts and Honeycomb, foresees revenue between approximately $1.03 billion and $1.04 billion.
An official says eight people were crushed to death when thousands of typhoon survivors stormed a government rice warehouse in the central Philippines. National Food Authority spokesman Rex Estoperez said police and soldiers were helpless when the looting took place.
The sugar substitute market is expected to increase to $13.7 billion by 2018. North America was expected to lead the global sugar substitute market with share of 49 percent, followed by Asia-Pacific and Europe in terms of revenue in the year 2012.
The deaths of two girls in Illinois and Virginia from severe food allergies have helped spur efforts to get schools to stockpile emergency medications that can save lives. That effort has now reached the highest level: President Barack Obama's desk.
A Georgia-based dog food company has expanded a recall involving its teriyaki dog treats over salmonella concerns. Officials from Bailey's Choice say a recall of the company's Teriyaki Chicken Treats has expanded to include Georgia, North Carolina, South Carolina, Virginia, Delaware and Tennessee.
Yum Brands Inc. said a key monthly sales figure fell 5 percent in its China markets in October, adding to investor concerns that business is slowing there. China is a critical region for Yum, which is the biggest Western fast-food operator in the country.
A Mexican hospital official says the death toll from an explosion last month at a candy factory near the U.S. border has risen to eight. Government health system spokesman Rosendo Gaytan says a 30-year-old employee of the factory Dulces Blueberry died Tuesday at a hospital in Guadalajara.
Kraft began exclusively marketing Starbucks roasted and grounded coffee in stores in 1998 and renegotiated the contract in 2004. The contract was set to expire in 2014. But in November 2010, Starbucks told Kraft it was severing its agreement.
An arbitrator has concluded that Starbucks must pay $2.76 billion to settle a dispute with Kraft over coffee distribution. The two companies had been locked in a fight for three years after Starbucks Corp. fired Kraft as its distributor of packaged coffee to grocery chains.
Consumer advocates in the European Union say they are worried about the effects of a proposed trade agreement with the United States. They reportedly fear a flood of risky or unsafe foodstuff, medicines and other imported goods from America.
European consumer groups are worried about the effects of a proposed trade deal with the U.S., fearing a flood of risky or unsafe foodstuffs and other imports from America. U.S. and European Union representatives have resumed negotiations on the proposed Transatlantic Trade and Investment Partnership.
Wisconsin dairy farmers could sell raw milk directly to customers on their farms under a bill that's passed a Senate committee. The latest version of the raw milk bill passed on a 3-2 vote Tuesday, with all Republicans in support and both Democrats against.
China's leaders finished a closely watched policy meeting Tuesday with a promise to give market forces a bigger role in the country's state-dominated economy, but the meeting failed to produce dramatic reforms to overhaul a worn-out growth model.
Canada's food-safety regulator has announced the recall of two varieties of Bella Tavola brand pastas because they contain milk which is not declared on the label. The Canadian Food Inspection Agency said the recall was triggered by a consumer complaint.
Mississippi farmers have been harvesting fields heavy with crops.The U.S. Department of Agriculture is forecasting record yield per acre for Mississippi's corn, cotton and rice crops. Corn production is projected to reach nearly 147 million bushels.
The animal-food production industry benefited from increased demand during the past five years. Growth in global meat consumption and herd stocks produced modest revenue gains during this period, as meat producers consequently demanded more livestock feed.
Inventure Foods, Inc. announced the completion of the acquisition of substantially all of the assets of Fresh Frozen Foods, LLC, a branded frozen vegetable processor. The purchase price was $38.375 million plus deferred compensation in the form of an earn-out of up to $3 million based on 2014 performance.
Plum Organics is voluntarily recalling pouch products within its Baby Stage 2, Tots Mish Mash and Kids lines after discovering a manufacturing defect that may cause spoilage in some pouches. Plum has determined that the potential spoilage may cause some pouches to swell.
Dean Foods' third-quarter net income jumped, bolstered by a large gain from selling stock of its former subsidiary WhiteWave. Its adjusted earnings missed Wall Street's view, but revenue topped analysts' expectations. The company lowered its full-year adjusted earnings forecast.
The got chocolate milk? campaign salutes winter sports athletes and will feature them in the new BUILT WITH CHOCOLATE MILK campaign, which debuts in early November. The campaign features USA Hockey star Zach Parise plus Women's Ski Jumping USA athletes.