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Starbucks Extracts More Money With Pricier Drinks, Food

April 24, 2015 3:30 pm | by CANDICE CHOI, AP Food Industry Writer | News | Comments

Starbucks is extracting more money from customers with offerings like a "Flat White" espresso drink and revamped baked goods that cost a little more.

Food Manufacturing: The Week in Review

April 24, 2015 3:16 pm | by Jesse Osborne, Editor, Food Manufacturing | News | Comments

Stay on top of the biggest stories in the news and find out what is trending by taking a look at...

McCain Foods to Close Wisconsin Plant, Eliminate 120 Jobs

April 24, 2015 12:05 pm | by Associated Press | News | Comments

McCain Food president Frank Finn says the decision to close the plant is due to the overall...

Bird Flu Cuts Into Egg, Poultry Exports in Iowa, Midwest

April 24, 2015 11:45 am | by DAVID PITT, Associated Press | News | Comments

Some international trade partners are declining to buy egg and poultry products from Midwestern...

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Dunkin's Profit Jumps on Stronger Sales

April 23, 2015 12:45 pm | by The Associated Press | News | Comments

A harsh winter in many of the U.S. regions where it operates didn't keep people away from Dunkin' Donuts over the past three months, helping to boost parent company Dunkin' Brands' quarterly profit.

Hershey Says Growth in China Weaker Than Expected

April 23, 2015 10:15 am | by The Associated Press | News | Comments

Hershey's expansion into China hasn't been so sweet. The maker of Reese's peanut butter cups, Twizzlers licorice and other candies and chocolates said sales in China during the country's New Year holiday were weaker than it expected.

Frito-Lay Helps PepsiCo Crunch Wall Street Expectations

April 23, 2015 9:40 am | by The Associated Press | News | Comments

PepsiCo's profit in the first quarter topped Wall Street expectations, boosted by the popularity of its Frito-Lay snacks and lower costs.

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Coke Profit Tops Expectations, Helped by Price Hikes

April 22, 2015 8:50 am | by The Associated Press | News | Comments

The maker of Sprite, Dasani, Powerade and other drinks said its global volume rose 1 percent, reflecting gains in both soda and non-carbonated drinks.

Why McDonald's is Still a Powerhouse, Despite Recent Troubles

April 21, 2015 8:55 am | by CANDICE CHOI, AP Food Industry Writer | News | Comments

McDonald's sales have been sputtering for more than two years and the company seems trapped in a cycle of bad headlines that likely won't end soon. But don't write the obituary just yet. McDonald's has many strengths that the rivals biting at its heels can only envy.

UK Fish Sticks Maker Taken Over For $2.8B

April 20, 2015 1:50 pm | by The Associated Press | News | Comments

Nomad Holdings Ltd. has agreed to buy Iglo Foods Holding Ltd., the frozen food company that introduced fish sticks to Britain in the 1950s, for 2.6 billion euros ($2.8 billion).

Blue Bell Working to Get Past Listeria Contamination Scare

April 20, 2015 9:40 am | by The Associated Press | News | Comments

Blue Bell Creameries will survive the crisis caused by a recent recall of products prompted by a finding of bacterial contamination in some of its products, but it will take a lot of work and a lot of money, experts said.

Canadian Shrimp Imports Increase as Maine Fishery Remains Closed

April 20, 2015 8:55 am | by PATRICK WHITTLE, Associated Press | News | Comments

Canadian imports of the sweet, quarter-sized crustaceans are turning up more in American restaurants and seafood markets since a ban on fishing for Maine shrimp dried up local sources. The value of Canada's shrimp imports to the U.S. grew nearly 20 percent from 2013 to 2014.

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High-Flying Pork Prices Come Back Down to Earth

April 17, 2015 8:40 am | by Rabobank Group | News | Comments

Pork prices are sharply lower, as robust global supply growth (driven by the US, Russia and Brazil) has outpaced rather subdued demand, dragging producer profitability into negative territory.

Report: Nestlé Expected to Sell Frozen Foods Unit

April 15, 2015 8:00 am | by Andy Szal, Digital Reporter | News | Comments

Swiss multinational Nestlé is reportedly close to an agreement that would sell its Davigel frozen foods unit to Brakes Group.

$260 Bar of Chocolate Comes From Rare 19th Century Cacao Trees

April 14, 2015 12:15 pm | by To’ak Chocolate | News | Comments

Many people are wondering how To'ak Chocolate can charge $260 for a single bar of chocolate. New DNA tests confirm that one of the reasons is genetics; To'ak Chocolate is sourced from cacao trees that represent one of the last genetically-pure remnants of a rare heirloom variety called Nacional.

First Bacteria-Infected Olive Trees Felled in Italy

April 14, 2015 9:10 am | by AP Exchange | News | Comments

The xylella fastidiosa bacteria has ravaged olive trees in the Puglia region and contributed to a 35 percent drop in the region's olive oil production last year. Its spread has so alarmed the EU that France announced a boycott of Puglian vegetables.

VIDEO: The Kind Bar Strategy

April 13, 2015 3:35 pm | Videos | Comments

Snack foods are a $374 billion market and Kind thinks it has found a way to raise the bar. Kind can be found in more than 150,000 retail stores and sales have nearly doubled in the last year. CEO Daniel Lubetzky discusses the company's snack products.

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Pepsi to Replace Coke in NBA Marketing Deal

April 13, 2015 2:45 pm | by AP Exchange | News | Comments

The National Basketball Association is trading Coke for Pepsi. The league said Monday that it's struck a new marketing partnership with Pepsico, ending a 28-year partnership with Coca-Cola.

The Power of the Brand: Store Owners Rely on Big Names to Spur Profits

April 13, 2015 10:15 am | by LA Top Distributor | News | Comments

There's a reason convenience stores that carry alcohol don't simply advertise that they have "beer". Those stores put up large advertisements proudly displaying that they carry specific beers like Budweiser and Coors. 

5 Stats About the Fast Food Industry

April 10, 2015 12:50 pm | by CNN Money | Videos | Comments

Approximately 10 percent of Americans work in fast food, but do you know how much the fast food industry is worth? Here are some facts you didn't know about the fast food industry.

Navajo Junk Food Tax Gets Mixed Reviews

April 9, 2015 3:50 pm | by Andy Szal, Digital Reporter | News | Comments

The sprawling Navajo Nation in the southwestern U.S. implemented a 2 percent sales tax within its reservation on a wide range of products — including desserts, fried foods and sweetened beverages — beginning in March.

Judge Rejects Proposed Settlement to Northeast Dairy Farmers

April 9, 2015 1:57 pm | by LISA RATHKE, Associated Press | News | Comments

A judge has rejected a proposed settlement between cooperative Dairy Farmers of America and Northeast dairy farmers over an alleged effort to drive down prices paid to farmers.

Bacardi to Lay Off 10 Percent of North American Workforce

April 9, 2015 11:45 am | by Andy Szal, Digital Reporter | News | Comments

Bermudan spirits giant Bacardi indicated it would lay off about 10 percent of its employees in North America this week, according to a report in the Wall Street Journal.

Specialty Food Sales Top $100B For First Time

April 8, 2015 2:20 pm | by Specialty Food Association | News | Comments

Retail sales of specialty food sales grew 19 percent from 2012 to 2014 versus a tepid 2 percent increase for all food. The industry, fueled by small businesses, now boasts 15 segments that exceed $1 billion in sales, including cheese; coffee; meat, poultry and seafood; chips, pretzels and snacks; candy; and yogurt.

North Dakota Getting $2.3M to Boost Specialty Crops

April 7, 2015 3:00 pm | by BLAKE NICHOLSON, Associated Press | News | Comments

North Dakota will see another large infusion of federal money this year to boost the development of specialty crops in a state that's already among the nation's leading producers of dry peas, lentils, honey and confection sunflowers.

US Wants Egg Executives Punished For 2010 Salmonella Outbreak

April 7, 2015 9:30 am | by RYAN J. FOLEY, Associated Press | News | Comments

Jack DeCoster, 80, of Turner, Maine, and 51-year-old Peter DeCoster, of Clarion, Iowa are scheduled to be sentenced April 13 by U.S. District Judge Mark Bennett in a federal courtroom in Sioux City, Iowa. Both pleaded guilty last year to introducing adulterated eggs into interstate commerce and face up to one year in jail.

Burger King to Pay For the Wedding of Man Named Burger, Woman Named King

April 7, 2015 9:05 am | by Associated Press | News | Comments

Burger King is paying the expenses and providing gifts for the wedding of an Illinois couple with an interesting connection to the fast food restaurant chain. Joel Burger and Ashley King accepted the company's proposal Monday.

Commodity Supplies Send Food Prices Sliding

April 6, 2015 2:20 pm | by Andy Szal, Digital Reporter | News | Comments

United Nations officials estimated that global food prices are at their lowest levels in nearly five years, and commodities traders believe that trend isn't likely to wane anytime soon.

Feds to Shut Down Sardine Fishing on West Coast

April 6, 2015 8:00 am | by JEFF BARNARD, Associated Press | News | Comments

West Coast fisheries managers will likely shut down sardine fishing this year as numbers decline, echoing a previous collapse that decimated a thriving industry and increasing worries that other species might be withheld from the commercial market.

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