Food Biz
Mexico's Carstens says food price rise is transitory
Ukraine Bans Wheat Export, While Argentina Faces Poor Wheat Harvest
Ukraine will stop exporting wheat from mid-November due to poor output. The Ukrainian Agriculture Ministry will ban the export of wheat from Nov. 15. This move has resulted in a rise in the price of wheat futures in Europe and elsewhere. World Food Prize Goes to Micro-Irrigation Expert
UN awards the World Food Prize to Daniel Hillel, while Occupy Protesters try to enter the venue of the ceremony. PepsiCo Reports Decline of 5 Percent in Third Quarter 2012
PepsiCo, Inc. based in Purchase, NY reported today a decline in third quarter net revenue of 5 percent, reflecting a negative 5-percentage-point impact from previously announced structural changes (primarily beverage refranchisings in China and Mexico). Obama Likely Re-Elected According Cheetos Facebook Fans
Cheetos Facebook Fans Select Obama as Their Choice for "Commander in Cheese"Based on Presidential Portraits Made Entirely of Cheetos. Governments tackle food price swings, disagree on stocks
ROME - Farm ministers called for greater transparency and restrictive measures to contain volatility in food commodity markets at a meeting on Tuesday, but failed to agree on the bold idea of strategic grain stocks and side-stepped food use in biofuels. XL Foods Rehires 800 employees
XL Foods rehires 800 employees a day after firing 2,000. XL Foods, Canada, will be recalling 800 of the 2,000 employees it laid-off temporarily. The lay-off followed Canada's biggest food recalls. Food Industry Coalition Files Lawsuit Against Soda Ban
The beverage and food industry sue to stop the ban of large sodas in New York City. The soda industry filed a lawsuit to block New York Mayor Michael Bloomberg's decision to ban all sodas bigger than 16-ounces. Indonesia toTest Rice Imports, While OECD Advises To Lift Import Restrictions
Indonesia will test future rice imports from Thailand, India and Vietnam. The OECD recommends lifting of import restrictions. FDA and EFSA Under Scrutiny
The European Food Safety Authority’s policies are audited by a court, while food safety inspections in the U.S come under fire. Kraft Plans to Launch Maxwell House Single-serve Coffee Cups for Keurig
Kraft Foods Group Inc will soon sell Maxwell House and Gevalia single-serve coffee cups compatible with Keurig brewing systems, a spokesman said on Thursday, sending Keurig parent company Green Mountain Coffee Roasters Inc's shares down 2 percent. Rain Plays Havoc in UK Farms, Food Prices to Rise
Food prices in UK will rise following torrential rains that have spoiled crops in the summer. While crops in the U. S are withering under dry conditions, those in the UK are straining to mature in wet and soggy conditions. Pumpkins Aplenty This Halloween
Pumpkins will be plenty this year as pumpkin farms thrive under the dry weather. Despite the drought that ravaged the U. S. Midwestern farm belt, pumpkin crops seem to be relatively unaffected. Mondelez International Completes Spin-Off of Its North American Grocery Business Kraft Foods Group
Mondelez International, Inc., formerly Kraft Foods Inc., announced on October 1, 2012 that it has completed the previously announced spin-off of its North American grocery business, Kraft Foods Group, Inc. Kerry Group Creates 900 Jobs in Ireland
Kerry Group’s new food technology center will provide employment opportunities to 900 people. Kerry Group will create 900 new jobs, thanks to its latest venture into food research.
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