GFM Network News

Commodities crunch worsens for consumers, companies

Food, beverage and household products companies have been pressured for months by rising commodity costs and their stocks have paid the price, but Kimberly-Clark Corp. showed on Monday things could be even worse. “I think it is going to be really tough for a lot of these companies to post great quarters,” said James Tierney,

Wal-Mart To Boost Buying From Small And Local Farms

Wal-Mart Stores Inc. is planning to double the sales of fresh produce from local farms in its U. S. stores by the end of 2015, part of a strategy to revamp its global produce supply chain. The world’s largest retailer said it would also sell more than $1 billion each year in food from one

Organic Foods Finding A Niche, But That’s All

The wave of organic packaged foods may have crested at mainstream retailers. Organic foods and beverages are pulling back from startling growth levels in recent years and settling into a small niche space at mainstream retailers, food industry executives and analysts said while attending the recent Reuters Food Summit. The recession put a halt to

Minimal U. S. Food, Drink Price Hikes Seen In 2010

The days of big price increases for U. S. food and drinks makers are likely over due to easing ingredient costs and high unemployment levels that weigh on consumer spending, credit rating agency Fitch Ratings said. For food companies, 2010 sales should increase by low single digits, in line with long-term forecasts, Fitch said, noting

General Mills Sees Eat-At-Home Trend Sticking

“You can save a lot of money in a short period of time without the consumer noticing that you are changing your product, in fact, without changing your product at all.” – JEFF HARMENING General Mills Inc. thinks that now that consumers have been eating more meals at home during the recession they will keep

ConAgra Profit Tops Expectations

ConAgra Foods Inc. has posted a higher-than-expected quarterly profit as its consumer foods business benefited from price increases and cost cuts. The company has sold off some units, such as a commodity trading and merchandising business, to focus on areas like consumer foods, which include brands like Healthy Choice frozen meals and Peter Pan peanut

Price To Be Key At U. S. Consumer Conference

How much recession-wracked consumers will pay for brand names will be a key focus when executives behind the best-known food, drink and cleaning products meet Wall Street analysts next week. That is a far cry from last year’s Consumer Analyst Group of New York (CAGNY) conference, when companies were boasting how much they were able