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 Industry Roundup |
Barley
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Rabobank: Two-thirds of Russian wheat, barley for season already exported, but if sanctions remove rest of crop from foreign markets, that could drive global prices up by 33%; effects on global grain prices will partly hinge on what China decides to do
International New York Times (02/28)
Food producers in Europe fear the Ukraine crisis may result in rising prices of items such as bread, baked goods and beer that may be passed on to end consumers; Ukraine accounts for 12% of global wheat exports, 16% of corn and 18% of barley
FoodNavigator.com (02/25)
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Corn/Maize
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Economist Intelligence Unit sees world maize demand rising 3% in 2021/2022 to 1.18 billion tonnes, led by China, US and Brazil, and factoring expected gains in feed, ethanol, maize-based starch; demand could rise further in 2022/2023 to 1.2 billion tonnes
World Commodity Forecasts (02/28)
US meat industry sprays about 117,500 tons/year of herbicides and pesticides onto feed crops for factory farms, finds report by animal welfare and conservation groups; corn and soybean production globally accounts for about half of all sales of pesticides
Independent, The (Online) (02/28)
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Soybeans/Soybean Meal
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China to facilitate commercialization of transgenic soybean, corn, cotton crops, says it aims to improve management of genetically modified crop varieties; announcement comes as global commodity prices trade with strong gains amid Russia/Ukraine conflict
CE Noticias Financieras (02/28)
Wheat posts best one-day gain in a decade, soybeans climb nearly 3%, boosted by supply chain concerns related to Russia's invasion of Ukraine and potential impact of Western sanctions
CE Noticias Financieras (02/28)
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Wheat
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Economist Intelligence Unit sees 2021/2022 global wheat production rising almost 1% year-over-year to new record high of 781 million tonnes; with Russia, Ukraine combined making up 30% wheat exports, there is risk of significant disruption to world trade
World Commodity Forecasts (02/25)
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Animal Farming/ Meat Production
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Rabobank: Global beef markets remain tight as strong demand, limited supplies have kept prices high, but no major impacts expected from Russia-Ukraine tensions; key beef producing nations expected to boost production in 2022, but US production may decline
BEEF (02/28)
McDonald’s feuds with shareholder Carl Icahn, who claims company has not yet fulfilled a promise it made a decade ago to phase out buying pork from suppliers that use gestational cages to hold pregnant pigs; issue led Icahn to nominate new board members
Independent, The (Online) (02/25)
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Dairy Farming
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Emmi, Nestle launch KlimaStaR Milk project with Swiss milk producer groups; aim is to reduce GHG emissions from agricultural milk production by 20%, make Swiss dairy industry more competitive, sustainable, resource-saving and land-appropriate
Dairy Processing & Markets (02/28)
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Organic Farming
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USDA to gather new data on certified organic agriculture; statistics agency NASS will mail survey to all known certified organic farms, ranches nationwide seeking information on acreage, production, sales, as well as marketing and production practices
ForeignAffairs.co.nz (02/28)
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Regenerative Agriculture
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Tennessee's AgriCapture is on a mission to scale regenerative farming, help farmers reap benefits of carbon credits, climate friendly product premiums; founder says farmers eyeing carbon market must implement practices to sequester carbon and cut GHGs
Delta Farm Press (02/28)
Crops from farms following soil-friendly practices for at least five years have a healthier nutritional profile than the same crops grown on neighboring, conventional farms, new study suggests
Indian Food and Beverages News (02/25)
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Agricultural Chemicals
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EPA revokes all tolerances for the pesticide chlorpyrifos when used on food; agency could not establish any amount of exposure that is proven to do no harm to human health
U.S. Environmental Protection Agency (EPA) (02/28)
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Food Crops
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Scientists eye camelina sativa, or false flax, as potential feedstock for both biodegradable plastic and jet fuel; mainly used to produce cooking oil, camelina makes a polymer chain inside the seed and Yield10 Bioscience CEO calls it 'a game-changer'
Valley News Today (02/25)
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Plant Extracts/Plant-Based
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GlobalData expects India's meat substitutes market to generate retail sales of US$292.9M by 2025, up from US$220.8M in 2020, noting growing interest for modern-style plant-based meat products though market is in very early stages of seeing expansion
just-food (02/28)
South Australia to invest AU$378M to build three plant-based protein factories to supply domestic, international markets; Australian Plant Proteins, AGT Foods Australia, Thomas Foods International will turn legume crops into plant protein foods, beverages
AAP Australian General News (02/28)
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Agricultural Products & Raw Foods
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Texas A&M AgriLife says landowners, agricultural producers are increasingly seeking advice on carbon credit contracts as they are approached by carbon credit brokers; they are urged to read contracts carefully, engage lawyers, as it is 'new territory'
The Eagle (02/28)
Economist Intelligence Unit: Global sugar consumption shows no signs of growth in 2020/2021, given extended lockdowns and delayed opening up of activities in various countries; 2021/2022 sugar consumption forecast to rise by 0.6% to 170.4 million tonnes
World Commodity Forecasts (02/28)
Agri-retailer Richardson Pioneer partnered with growers on 43.8% of all 5.12 million acres in Western Canada reported through Fertilizer Canada's 4R Nutrient Stewardship program in 2021; 4R helps growers minimize environmental impacts of fertilizer use
Canada Newswire (02/28)
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Food & Beverage
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Fresh Produce
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Tesco to trial Apeel, a plant-based coating, on select fresh produce items across about 80 stores in Peterborough, UK area; Apeel helps extend shelf life of fresh produce, potentially enabling Tesco to reduce plastic and food waste
Tesco PLC (02/25)
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Fresh Foods
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University of Oxford study finds vegetarians, people who eat less meat have lower risk of certain cancers; vegetarians, vegans have 14% lower overall cancer risk than people who eat meat nearly every day, while people who eat only fish had 10% lower risk
Business Insider (02/28)
SpartanNash updates Our Family cheese products--including shreds, slices, snack bars, bites, parmesan--with new packaging, new formulations to improve taste amid category growth; products now available in dairy section of SpartanNash-supplied retailers
SpartanNash Co. (02/28)
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Fruit/Vegetable Juices
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UK supermarket Morrisons to switch its own-brand fresh milk to carbon neutral cartons from Tetra Pak, saving 100 tonnes of plastic/year; Morrisons previously moved its own-label fresh juice to cartons, removing another 678 tonnes of plastic/annum
Wm Morrison Supermarkets PLC (02/25)
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Fruits, Vegetables & Salads
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Red Lobster announces launch of new 10 Under US$10 weekday lunch menu, available Monday-Friday until 3 p.m.; items include Garlic Shrimp Scampi, Crispy Cod Sandwich, Popcorn Shrimp, Crispy Wild-Caught Flounder, Classic Caesar Salad with Seasoned Shrimp
Chew Boom (02/25)
Chinese government removes ban on fresh avocado imports from Kenya; the ban was put in place in 2019 due to prevalence of fruit flies locally
Fresh Plaza (02/25)
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Protein
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Fitch: Cultivated seafood becoming key area of cultivated proteins and likely to reach price parity quicker than cultivated meat will with conventional meat; future of market relies on regulation approving these products to be sold for human consumption
Fitch Solutions Sector Intelligence (02/28)
Diets that replaced animal protein with plant-based protein increased iron, folate intake, decreased vitamin B12, iodine intake; supplementing plant-based products with vitamin B12, iodine could ensure sufficient intake of both: University of Helsinki
Targeted News Service (Press Releases) (02/25)
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Fish/Seafood
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USTMA meets with US House Representatives to discuss 6PPD-Quinone’s role in salmon mortality in Pacific Northwest; USTMA supports bioretention technologies to reduce impact of 6PPD-Quinone, an antioxidant, antiozonant used in tire making
U.S. Tire Manufacturers Association (USTMA) (02/28)
Rubio's announces limited-time offering of three menu items featuring grilled wild red Argentine shrimp: Chipotle Honey Argentinian Shrimp Bowl, Chipotle Honey Argentinian Shrimp Burrito and Chipotle Honey Argentinian Shrimp Two Taco Plate
Nation's Restaurant News (02/25)
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Meat Alternatives
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Tnuva Group signs collaboration agreement with Israeli biotechnology company Pluristem Therapeutics to develop and manufacture cultured meat products; the new platform will be run through a newly incorporated company named NewCo
Xinhua News Agency (02/25)
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Dairy Products/ Dairy Alternatives
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Euromonitor identifies key factors shaping dairy products and alternatives industry, including dairy alternatives rising in popularity, spotlight on immunity and gut health, back-to-local dairy surges, allergy-friendly baby food, momentum in e-commerce
Euromonitor International Ltd. (02/25)
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Coffee
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Smucker's coffee brand Cafe Bustelo to award US$125,000 as part of Cafe Bustelo El Cafe del Futuro Scholarship, honoring Latino students; scholarship program enters its ninth year, with US$555,000 awarded to Latino students nationwide
PR Newswire (02/28)
Morrisons partners with Podback scheme, which turns used aluminum and plastic coffee pods into beverage cans, furniture; Morrisons customers will be able to pick up free collection bags, fill them at home, return them to drop-off points with free postage
Wm Morrison Supermarkets PLC (02/25)
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Packaged Foods
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Grupo Bimbo-owned Bimbo Bakeries to pay US$131,216 in back pay, interest to 134 qualified female applicants as part of agreement with US Dept. of Labor to resolve alleged hiring discrimination at Bellevue, Nebraska, baking facility
US Official News (02/28)
New subscription meal service GLO KTCHN launches in New York, Tristate Area, offering freshly prepared, gluten-free meals inspired by seasonal ingredients, individual nutritional needs; service offers four meal-delivery plans, weekly seasonal menus
PR Newswire (02/28)
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Non-Alcoholic Beverages
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Competitive cooking show brand MasterChef, Sri Lanka's Akbar Brothers create, launch specialty tea collection, 'MasterChef: The Champions Collection,' featuring Ceylon, Earl Grey, Moroccan Mint, Jasmine green tea, Rooibos Orange, Masala Chai tea blends
M2 PressWIRE (02/28)
MTN DEW, Ruffles launch MTN DEW Flavor Slam, giving fans opportunity to vote on weekly match-up of Southern dishes with DEW and Ruffles food pairings for chance to win 'fan cave' do-over
PR Newswire (02/28)
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Alcoholic Beverages
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Governors of New Hampshire, Ohio, Pennsylvania, Utah order government-run liquor stores to stop selling Russian-made vodka and distilled spirits in symbolic solidarity with Ukrainian people after Russia's invasion of the neighboring country
Reuters (02/28)
Molson Coors targets brunch drinking occasions with its new Vizzy Mimosa Hard Seltzer, launches 'Iz a vibe' campaign featuring drag queens to promote daytime-oriented line extension of its two-year-old seltzer brand
Ad Age (02/28)
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Tobacco & Cannabis
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Tobacco, Cannabis & Derivatives
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US legal cannabis industry supported 428,059 full-time equivalent jobs in 2021, including more than 100,000 new jobs; industry sold nearly US$25B in products during the year: report
Business Wire (02/25)
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Stock
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Latest: Feb, 28 2022
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Latest Value |
Prev |
Chg |
YOY Chg |
| Watchlist |
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Archer Daniels Midland (ADM)
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78.45
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78.90
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-0.57%
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38.65%
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CHS Inc (CHSCP)
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31.15
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31.26
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-0.35%
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6.06%
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Farmland Partners (FPI)
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11.67
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11.83
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-1.35%
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-2.42%
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Fresh Del Monte Produce (FDP)
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25.88
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26.25
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-1.41%
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0.54%
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JBS SA (JBSS3) :BVMF
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35.89
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36.50
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-1.67%
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36.62%
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Agriculture Industry
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