GFM Network News

Managing a restaurant after the pandemic will not be easy.

Comment: How many restaurants are enough?

Have we seen ‘peak restaurant’ or will the sector survive?

A question that often comes up is, did we have too many restaurants before the pandemic? Many wonder if the pandemic has only wiped out the restaurants we had “extra” of. With the labour shortage, the cost of food ingredients exploding, and the list of regulations growing almost every year, making a restaurant profitable has

Bunge lifts profit outlook as food and fuel demand for vegetable oil grows

Food and fuel demand for vegetable oil is driving numbers

U.S. agricultural commodities trader Bunge Ltd. raised its full-year adjusted profit outlook on July 28 after stronger-than-expected food and renewable fuel demand for its vegetable oils drove a 41 per cent jump in quarterly income. Shares jumped three per cent in morning trading after the company projected full-year 2021 adjusted income of at least $8.50

An aerial view of FCL’s Brandon fertilizer terminal after the $5-million expansion.

FCL completes $5M Brandon fertilizer terminal expansion

Upgrades will help ‘debottleneck’ the distribution system in Manitoba and eastern Saskatchewan

Just four years after the facility was built, Federated Co-operatives Limited (FCL) has just completed an upgrade to its Brandon fertilizer terminal. The project increases storage capacity by 9,000 tonnes, or more than 30 per cent. Plans for the $5-million upgrade (announced by FCL in a press release late last year) had come as a

Photo: Bayer

Bayer Q2 misses forecasts as costs, forex effects bite

Frankfurt | Reuters – Bayer shares fell to their lowest levels in more than seven months after the German agricultural and pharmaceuticals group reported lower-than-expected second-quarter core earnings due to higher production costs and currency headwinds. Second-quarter earnings before interest, tax, depreciation and amortisation (EBITDA) before special items fell 10.6 percent to 2.58 billion euros ($3.05 billion),

Bayer expects earnings growth on agriculture

New ag products are expected to spur ‘above-market’ growth next year

Reuters – Germany’s Bayer on March 10 pledged to revive growth in adjusted earnings by 2024, helped by the launch of products such as digital farming services, soy seeds and non-prescription remedies. The agriculture and pharmaceuticals group said in a statement it was aiming for core earnings per share of between seven and 7.50 euros (C$10.53-$11.28) by 2024,

Roquette was forced to deal with a quickly evolving situation while also managing its construction process at Portage la Prairie.

Protein companies ponder COVID-19 echoes

How many of the COVID-19 adjustments are likely to stick as the ‘old normal’ slowly reasserts itself?

Flip the calendar back to this time last year. It’s the first months of 2020. COVID-19 is just starting to worm its way into the North American consciousness. Most of us have just heard the phrase “social distancing” for the first time. The first COVID-19-related public health orders are being released. Inside food-processing plants and

Roquette initially thought the bulk of its peas for its processing facility would come from Saskatchewan, but so far Manitoba producers have risen to the challenge.

Manitoba ‘the Silicon Valley of plant-based protein’

Regulatory burdens are holding back the sector's true potential, one industry leader says

The person tasked with opening the world’s largest pea protein facility says Manitoba “can be the Silicon Valley of plant-based proteins” – but regulatory changes are needed. Dominic Baumann, CEO of Roquette Canada, made the bold declaration during a virtual event put on by the Canadian Agri-Food Policy Institute (CAPI) focusing on investment and sustainability