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Brazil’s BRF sees holiday food sales back to pre-pandemic level

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Reuters – Brazilian pork and poultry processor BRF SA expects food sales to return to pre-pandemic levels during the holiday season as consumers and families gather again after almost two years of social distancing. In an interview with Reuters Dec. 1, Sidney Manzaro, who leads the company’s Brazilian operation, said he does not expect the
Buffalo Creek Mills’ new oat kiln is lowered into position in September. Installation is underway and set to finish in January.
News

Altona oat processor expanding with innovative tech

Buffalo Creek Mills hopes to branch products further into plant-based beverage and foods markets

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Altona oat processor Buffalo Creek Mills is expanding its capacity and technology to make inroads into emerging oat markets such as dairy alternatives. The expansion will also add nearly 20 jobs at the facility said CEO Ryan Penner, and it will increase the plant’s capacity to 54,000 metric tons per year. Ryan Penner and Buffalo
A jump in price for corn, soybean and other crops has brightened the financial outlook for farmers...
News, Other

Corteva raises sales view again as seed, insecticide demand booms

As farmers fear supply chain woes, they’re buying earlier than usual

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Reuters – Corteva raised its 2021 sales forecast for a second time this year Nov. 3, and posted a smaller-than-expected quarterly loss, benefiting from higher prices and strong demand for its insecticides and seeds. A jump in price for corn, soybean and other crops has brightened the financial outlook for farmers who have started pre-buying
Comment, Op/Ed

Comment: Running with the big Deere

Labour unrest and record profits underscore importance of equipment maker

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In an effort to maintain its enviable, 34-year run of labour peace, Deere & Co. and the United Auto Workers recently announced a deal to boost worker pay — by 20 per cent over five and six years, Deere said — to keep the iconic green-and-yellow machines rolling off its 11 assembly lines and through
Photo: iStock/Getty Images
Markets

Bunge raises 2021 profit outlook on higher food, renewable fuel demand

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Bunge Ltd reported stronger-than-expected third-quarter results and raised its full-year profit outlook on Wednesday for a third time this year amid improved demand for food and renewable fuel as pandemic restrictions have eased. Although volumes in the U.S. agricultural commodities trader’s core agribusiness and its refined and specialty oils units were down, robust oilseed processing
The Archer Daniels Midland Co. (ADM) logo is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 3, 2018. Photo: REUTERS/Brendan McDermid
Markets

ADM profit more than doubles on strong crush margins, vegoil demand

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Global grain trader Archer-Daniels-Midland Co said on Tuesday its third-quarter profit more than doubled, as strong oilseed crushing margins and rising vegetable oil demand boosted its core agricultural services and oilseeds unit. The Chicago-based U.S. grains merchant is anticipating the favorable demand and margin environment to continue supporting results in the fourth quarter and foresees
Montecitorio, house of italian parliament, Rome. Italy. Photo: masterlu/iStock/Getty Images Plus

Italy vetoes sale of seed producer to Chinese-owned Syngenta

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Rome | Reuters – Italy has prevented Chinese-owned group Syngenta from buying vegetable seed producer Verisem, government officials said, underscoring Prime Minister Mario Draghi’s commitment to shield key assets from unwanted foreign bids. The decision, made at a cabinet meeting on Oct. 19 but not yet made public, marks the first time Italy has vetoed
Managing a restaurant after the pandemic will not be easy.
Comment, Op/Ed, Other

Comment: How many restaurants are enough?

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

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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
News

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

Food and fuel demand for vegetable oil is driving numbers

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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

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