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...A version of this article was first published by Nikkei Asia on March 23, 2023. ©2023 Nikkei Inc. All rights reserved....
...Allison’s expensed pizzas were equivalent to 124 per cent of the average US consumer’s total 2020 at-home food spending....
...Canadian meat group Maple Leaf Foods is among those companies warning that hopes for a quick rebound in sales are fading....
...expectations in terms of price, and how processed the food is....
...McCain blamed a 6.6 per cent fall in the company’s plant-based protein sales on declines across the category from refrigerated food to retail and food service....
...For supermarkets, that involves reducing meat consumption and cutting food waste. For industrial companies, it means rethinking fuels, replacing machines and commodity choices....
...In food and agricultural circles, “it’s become the diesel vs doughnuts debate as food and fuel compete for that oil”, said David Widmar, an agricultural economist and consultant....
...The new company, which will be led by Wayne Farms chief executive Clint Rivers, will produce about 15 per cent of US poultry meat, according to Watt Poultry USA....
...Strong sales of dairy products, helped by a continued vogue for home baking, and pet food, such as the Purina brand, also drove growth....
...The agency accused Mondelez and Kraft Foods of manipulating US wheat markets in a scheme involving grain futures and a flour mill in the state of Ohio....
...The idea was floated recently by Scott Gottlieb, the former head of the US Food and Drug Administration who now sits on the board of Pfizer....
...But Khosrowshahi initially took a different path, becoming an analyst at investment bank Allen & Company in 1991, before joining billionaire media magnate Barry Diller’s USA Networks....
...A US judge lambasted the Commodity Futures Trading Commission for “egregious misconduct” as he handed a partial victory to Kraft Heinz and Mondelez, the food companies who have been battling the US regulator...
...E-cigarette makers are in the process of seeking Food and Drug Administration approval for their products to stay on the market....
...“We are voting for this settlement because we believe that [Kraft Foods] manipulated the wheat market....
...The two US companies were a single company named Kraft Foods at the time of the trading in 2011....
...The tobacco group, parent of Marlboro-owner Philip Morris USA, valued its investment in Juul at $12.8bn at the end of June but said in a statement on Thursday accompanying its third-quarter results that...
...Diana Ruiz, campaigner for Greenpeace USA, said the company needed to drastically reduce the amount of meat it supplied....
...Houlihan Lokey has hired Michael Collinson as a managing director in the consumer, food and retail group, based in London. Collison was previously a managing director at William Blair....
...The veteran of Google, Snapchat and John McCain’s presidential campaign was hired by Mr Kalanick in 2015....
...United Natural Foods Inc (UNFI), a grocery wholesaler, is suing Goldman in a New York state court over the bank’s work on a messy $3bn acquisition....
Coffee group has been accused of wastefulness over capsules that are not biodegradable
...Amazon has not only opened book shops but also bought the Whole Foods supermarket chain and experimented with Amazon Go grocery shops....
...Philip Morris USA is ready to roll out its heated tobacco device, IQOS, upon FDA approval, which is pending, the company added....
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