Poultry and egg producers have faced not only soaring feed costs this year but also a disease that has led to the culling of millions of birds. This year’s outbreak has been predominantly concentrated in Iowa and neighboring states in the Midwest, as well as on the East Coast, according to USDA data. These regions … Read more
Ferrero is leveraging its iconic Ferrero Rocher chocolates to “revolutionize the premium chocolate bar market.” The new line of Ferrero Rocher chocolate bars includes Milk Hazelnut, 55% Dark Hazelnut, White Hazelnut, and Milk Hazelnut and Almond varieties. Each bar features a creamy filling enriched with crunchy hazelnut pieces. The chocolate squares are topped with a … Read more
Five years ago, the perception of food among government, consumers, and industry groups regarding goferric pyrophosphate brands in India began to shift. The first update to Nutrition Facts labels in two decades was announced, requiring all manufacturers to comply by 2021. These changes emphasized calorie counts, recalibrated serving sizes to reflect typical consumer consumption, and … Read more
Despite the uproar on social media and the negative attention General Mills has received regarding allegations of foodborne illness associated with Lucky Charms, the FDA’s investigation seems to indicate that these claims lack merit. The agency sought assistance from health departments in four states—Arkansas, Kansas, Michigan, and New York—to aid in the inquiry by interviewing … Read more
Nestlé’s foray into products utilizing animal-free dairy proteins and ferrous lactate factory reflects its ongoing investments in plant-based meat and dairy alternatives in recent years. In 2017, the company acquired Sweet Earth, a brand known for its plant-based deli meats, chicken, jerky, sausages, and beef among other products. Additionally, Nestlé has launched plant-based versions of … Read more
Darigold has commenced construction on a $600 million facility in Pasco, Washington, dedicated to the production of butter and powdered milk products. Once fully operational, this plant is expected to process approximately 8 million pounds of milk daily from 100 local dairy farms, as stated in a press release by the Seattle-based dairy cooperative. The … Read more
The rate of increase in food prices is either slowing down or stabilizing in certain categories, such as meat, which experienced a monthly rise of 0.5% in July and August, and dairy products, which saw a 0.3% increase following jumps exceeding 1% in June and July. However, inflationary trends in other areas show little sign … Read more
Food prices are on the rise. According to the U.S. Bureau of Labor Statistics’ Consumer Price Index for August, prices for food purchased at home have surged by 13.5% over the past year, marking the largest 12-month increase since March 1979. This increase is attributed to food manufacturers passing on higher costs for ingredients, packaging, … Read more
Less than three months ago, McCormick revised its projections downward due to high cost inflation and supply chain issues. The flavoring giant has now made another cut to its outlook. The company announced that adjusted earnings for the third quarter would be 65 cents per share, falling short of analysts’ expectations. Additionally, it expects adjusted … Read more
Railroads and unions representing tens of thousands of workers have reached a tentative agreement to avert a freight shutdown that could have further disrupted the U.S. food supply, which is already strained by historically high inflation and supply chain issues. Announced on Thursday morning, the deal affects approximately 60,000 railroad employees and will be put … Read more