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Japan Logs Record Trade Deficit in 2014 on Weakening Yen

January 26, 2015 2:55 pm | by ELAINE KURTENBACH, AP Business Writer | News | Comments

The Japanese yen has weakened over the past year to about 117 yen to the dollar compared with about 100 yen in early 2014. That raises the value of Japan's exports in yen terms. But it also pushes up costs for imports of fuel and food.  

Experts Agree: Prices, Demand For Beef to Remain High

January 26, 2015 12:25 pm | by Associated Press | News | Comments

High beef prices are here to stay for a while, as recent drought conditions in Texas and around...

Post Holdings to Buy Cereal Maker MOM Brands For $1.15B

January 26, 2015 9:00 am | by Associated Press | News | Comments

Post Holdings will spend $1.15 billion to bulk up its presence in the market for bagged and hot...

Yogurt Founder Sentenced to 5 Years in Prison For Arson

January 26, 2015 8:25 am | by Associated Press | News | Comments

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Daily news and top headlines for food manufacturing professionals

Report: Manufacturing Wages Significantly Higher Than Comparable Workers

January 23, 2015 12:50 pm | by Andy Szal, Real Time Digital Reporter | News | Comments

The average manufacturing worker made nearly 11 percent more than a comparable worker outside the manufacturing sector in 2012 and 2013, according to a newly released report. Author Robert E. Scott tabs the wage premium for manufacturing jobs at $1.78 per hour.

Calif. Raisin Case Headed to Supreme Court

January 23, 2015 12:10 pm | by Kari Imberg, Associate Editor, Food Manufacturing | News | Comments

For the second time, Melvin Horne will defend his rights as a raisin farmer by arguing to the Supreme Court. Under a government program, raisin producers are forced to hand over nearly half of their annual crop without getting paid.     

American Shoppers Unlikely to See Benefit From Euro's Drop

January 23, 2015 8:30 am | by SCOTT MAYEROWITZ, ANNE D'INNOCENZIO, AP Business Writers | News | Comments

Americans hoping to save on European goods thanks to a falling euro shouldn't rush to uncork that bottle of French Bordeaux. There's very little to celebrate. There's simply too much demand in the U.S. for any markdowns.       

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McDonald's Earnings Fall; Changes Afoot to Woo Customers

January 23, 2015 7:45 am | by Associated Press | News | Comments

The world's largest hamburger chain reported falling earnings and sales for its fourth quarter on Friday and says it is going to take action this year to save money and bring customers back. This includes slowing down new restaurant openings in some markets.

Starbucks' First-Quarter Profits Soar on Strong Sales, Traffic

January 23, 2015 7:30 am | by ANNE D'INNOCENZIO, AP Retail Writer | News | Comments

Starbucks Corp.'s fiscal first-quarter earnings soared 82 percent as the coffee chain attracted more customers around the globe who snapped up an expanded offering of food and drinks over the holidays. Starbucks has enjoyed healthy sales growth, but is seeking to keep its momentum going by expanding on a number of fronts.

Photo of the Day: Global Private Label Supply Chain Transparency

January 21, 2015 10:10 am | by Kari Imberg, Associate Editor, Food Manufacturing | News | Comments

A recent survey by Trace One asked global supply chain executives that serve as private label retailers, manufacturers and suppliers to report on their company's correlation between transparency, productivity and consumer spending. 

Tyson Foods to Pay $539K For Spill in Southwest Missouri

January 20, 2015 2:10 pm | by Associated Press | News | Comments

Tyson Foods Inc. will pay more than $530,000 for a chemical spill that killed more than 100,000 fish and caused a southwest Missouri town's wastewater treatment system to fail, Missouri Attorney General Chris Koster announced.      

Shake Shack Plans to Raise up to $80M from IPO

January 20, 2015 1:00 pm | by Associated Press | News | Comments

Burger chain Shake Shack, which got its start as a hot dog cart in New York City, plans to raise up to $80 million from an initial public offering of its common stock. The company said Tuesday that it anticipates its IPO of 5 million shares pricing between $14 and $16 per share.

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Beastie Boys Seek Additional $2.4M in Monster Energy Drink Suit

January 20, 2015 12:10 pm | by LARRY NEUMEISTER, Associated Press | News | Comments

The Beastie Boys want to force the maker of Monster Energy drink to pay nearly $2.4 million in legal fees and costs so the rappers' $1.7 million jury award is not dwarfed by expenses in a copyright violation case, lawyers say.      

Union to Talk About Indiana Pillsbury Plant Set to Close

January 20, 2015 8:30 am | by Associated Press | News | Comments

The union that represents workers at a Pillsbury plant set for closure expects to meet next month with General Mills officials to discuss the southern Indiana plant's future. General Mills announced last week that it plans to close its refrigerated goods plant in New Albany by mid-2016, but said its decision is subject to negotiation with union officials.

Dairy Industry Braces for Milk Bust Following 2014 Boom

January 20, 2015 7:30 am | by DANA FERGUSON, Associated Press | News | Comments

Already disheartened by the current glut, which is due to global factors and overproduction, dairy farmers say they worry that futures markets predict dwindling prices in 2015. Over in the dairy aisle, though, shoppers are milking savings by the gallon.

US Manufacturer of Oreo Begins Building New Bahrain Plant

January 20, 2015 7:00 am | by Associated Press | News | Comments

Mondelez International says the facility will have capacity to produce 90,000 tons per year. The company said its plant in the Arab Gulf island-nation will produce brands such as Oreo, Ritz and TUC in the initial phase, which will create 300 jobs. Full commercial production is scheduled to start early next year.

Florida Salsa Company Donates Profits to Military Charities

January 20, 2015 6:15 am | by ALLISON GRINER, The Florida Times-Union | News | Comments

In 2012, Stan McQuiston, 43, and his friend John Reich, 52, hatched the idea to sell all-natural salsas and sauces. But they also knew from the very beginning that no money, not even a penny, would ever reach their pockets. As career military men, Reich and McQuiston wanted it all to go back to the institution that had given them so much.

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Alaska Seafood Processor Sells Stake to StarKist Owner

January 16, 2015 2:00 pm | by Associated Press | News | Comments

An Alaska seafood processor has sold a 12 percent stake to the parent company of StarKist Co., giving the South Korean tuna producer access to the salmon market.The sale to Dongwon Industries by Sitka-based Silver Bay Seafoods has been public since November, but the Alaska processor outlined details this week.

New Rules Could Open Cuba to Wide Range of American Trade

January 16, 2015 12:10 pm | by Andy Szal, Real Time Digital Reporter | News | Comments

The Obama administration's new guidelines regarding relations with Cuba take effect today, potentially opening the Caribbean nation to a wide range of American products. Analysts warn, however, that companies looking to expand into Cuba should proceed with caution.

The 3 Topics Food and Beverage Executives Are Thinking About

January 16, 2015 9:45 am | by Chris Nay, Senior Managing Director, Food and Beverage, GE Capital | Articles | Comments

GE Capital recently surveyed c-suite executives at middle market food and beverage companies. The survey found that in addition to maximizing financial performance, food and beverage leaders are looking to maximize their engagement with consumers by responding to their evolving tastes. 

VIDEO: What Food Items Will Cost More in 2015?

January 16, 2015 9:20 am | by CNN Money | Videos | Comments

Consumers paid more for groceries in 2014, and they most likely will again this year. Droughts, animal activists and trade agreements are just a few of the reasons why Americans may pay more in food prices in 2015.         

Gluten-Free Food Industry Reaches $973M, Report Says

January 15, 2015 1:45 pm | by Packaged Facts | News | Comments

The gluten-free market is cementing its staying power as more than a mere dietary fad and continues to make national headlines, including a recent announcement by popular foodservice chain Pizza Hut that it will begin offering gluten-free pizza. 

US Wholesale Prices Drop 0.3 Percent in December

January 15, 2015 9:40 am | by MARTIN CRUTSINGER, AP Economics Writer | News | Comments

The Labor Department said that its producer price index declined 0.3 percent last month, the biggest decline since a similar drop in October 2011. In November, wholesale prices dipped 0.2 percent.               

Hawaiian Host to Buy Rival Firm Mauna Loa

January 15, 2015 9:15 am | by Associated Press | News | Comments

Hawaiian Host, maker of chocolate-covered macadamia nuts, said it's buying macadamia nut processor Mauna Loa from The Hershey Co. The deal brings Mauna Loa Macadamia Nut Corp. under the control of Hawaii-based owners for the first time in 15 years.

Kellogg Acquires Majority Stake in Egyptian Biscuit Maker

January 15, 2015 8:50 am | by Kari Imberg, Associate Editor, Food Manufacturing | News | Comments

The Kellogg Company has acquired a majority stake in the Egyptian biscuit maker Bisco Misr. The transaction of Bisco Misr, which is the number one packaged biscuits company in Egypt, allows Kellogg to advance its global snacks business in growing emerging markets.

Ga. Appeals Court Hears Case Over Vidalia Onion Regulation

January 15, 2015 8:25 am | by KATE BRUMBACK, Associated Press | News | Comments

A bitter fight over Georgia's famed sweet onions is winding its way through the legal system. The state agriculture commissioner established a rule setting a packing date meant to keep immature Vidalia onions off store shelves to protect what is a $150 million brand.

5 Ways Loyalty Marketing Can Transform CPG Brands

January 14, 2015 1:35 pm | by Greg Engen, Vice President, consumer packaged goods, Aimia | Articles | Comments

CPG marketers are naturally inclined to focus their efforts on the tried and true. But the days of standing pat with the same old marketing tactics are over. Those marketers who embrace this transformation, rather than shy away from it, will be the brand leaders of tomorrow.

Cargill Sells Texas Cattle Feed to Calif.-Based Family Operator

January 14, 2015 12:25 pm | by Cargill | News | Comments

Cargill announced the future closure of Lockney, related to the shutdown of the company's Plainview, Texas, beef processing facility on February 1, 2013. The plant closed primarily due to drought that had severely limited the region's cattle supplies. 

Study: Wheat Yield to Decline as Temperatures Rise

January 14, 2015 9:20 am | by University of Florida Institute of Food and Agricultural Sciences | News | Comments

Production of wheat, one of the world's most important food crops, will decline as temperatures increase, a finding made possible by pooling computer models worldwide, in a study led by a UF/IFAS researcher.           

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