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U.S. EU Trade Talks Face Difficult Food Trade Issues
January U.S. Import Price Index Up 0.6 Percent
The U.S. Department of Labor Reported a 0.6 percent increase on prices paid for imported goods in January. Analysts had predicted 0.7% increase for the previous month. US, EU Wheat Price Drop Improves Prospect of Sales to Russia
A fall in wheat prices in the United States and Europe to the lowest levels in seven months has improved the prospects of sales to Russia, traders and analysts said. U.S. Plains Farmland Up More Than 20 pct, Sets Records
Farmland values in the U.S. Plains states jumped more than 20 percent in the fourth quarter from a year earlier as farms sold at record-high prices, with the biggest jump seen in irrigated land given the worst drought in 50 years to hit the world's top food producer, the Kansas City Federal Reserve bank said. PepsiCo Net Income Jumps 17 Percent
The 4Q results of PepsiCo have investors pleased, with profit rising a surprising 17 percent on higher prices and sales. Dividends were raised by 5.6 percent. Heinz Deal to Break Record for Food Industry
The purchase of H.J. Heinz Co. by Berkshire Hathaway Inc. and 3G Capital will set the record for largest deal in food industry history. UK food regulator finds 29 positive horsemeat tests
Feb 15 (Reuters) - Britain's food regulator said it had found 29 positive tests for horsemeat after demanding samples from UK retailers engulfed in a contamination scandal that is spreading across Europe. Burger King profit boosted by cost cuts, new food
Feb 15 (Reuters) - Burger King Worldwide Inc, the third-largest U.S. hamburger chain, on Friday posted higher-than-expected quarterly profit, helped by cost cuts and new holiday sweets, premium sandwiches and special deals that boosted restaurant sales in the United States and Canada. Yum Brands Takes Hit After Earnings Call, KFC China Poor Outlook
David Novak, CEO of Yum Brands, Inc., admitted a “poultry supply chain” issue in China as he spoke with investors today. USP Battles Food Fraud, 60% Growth in Number of Cases
The nonprofit US Pharmacopeial Convention (USP) increased its food fraud records by 800 new cases, approximately 60 percent more incidents than was previously documented. Animal Disease “Zoning” Agreement Between U.S. and Canada
The United States and Canada have reached an agreement this month to accept one another’s zoning in highly contagious foreign animal disease outbreaks. Restaurants Turning Pessimistic: Latest RPI From National Restaurant Association
The latest Restaurant Performance Index (RPI) showed sales and customer growth losing traction, according to the latest National Restaurant Association Report. Kraft Sues Cracker Barrel Over John Morrell Deal, Defends Brand
Kraft Foods Group has filed a lawsuit to preserve its iconic "Cracker Barrel" brand of grocery products and cheese against an encroachment by Cracker Barrel Old Country Store Inc. Tyson Foods Boosted By Exports, Reveals Value-Added Future in Earnings Call
Tyson Foods was cautiously optimistic about its near-term prospects during an earnings call Friday, as it revealed a strategy to better supply the foodservice industry. Indonesia Uncertain About U.S.-Supported TPP, Others Considering
Indonesia has expressed reticence towards joining the Trans-Pacific Partnership (TPP), as the next development meeting looms a month away.
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