Canadian food and beverage makers have begun to feel the pinch of trade tensions with the U.S. according to a new forcast by Farm Credit Canada, which downgraded sales growth predictions from the start of the year.
Tag Archives food-processing
Food and beverage makers’ sales predicted to slide on trade tensions: FCC
General Mills keeps annual outlook as North America demand softens
General Mills maintained its annual sales and profit forecasts on Wednesday, as the Cheerios maker grapples with rising economic uncertainty and softer demand in key markets, including North America.
Manitoba pork exports gain new market ground
Manitoba pork exports pivoted from China over the last five years, provincial report notes
Manitoba’s pork trade pivoted from China over the last five years, while Japan is remains the largest customer and South Korea and Mexico market footholds have grown
Plant-based cheese, but more like cheese
New Canadian research has gained insight on how to improve protein content, stretch and spread of plant-based cheese, all areas where cheese from real dairy currently has significant advantages
New Canadian research has gained insight on how to improve protein content, stretch and spread of plant-based cheese, all areas where cheese from real dairy currently has significant advantages.
Manitoba food processors welcome funding
Government announced $6 million to bolster local food processors July 23
Government announced $6 million to bolster food processors in Manitoba July 23; local companies say it will be a boon for their business.
Federal and provincial governments fund $6M for Manitoba food processors
Ottawa and Manitoba investing $6 million in upgrades for Manitoba food processors
Federal and provincial governments are investing over $6 million into 19 Manitoba food processors for upgrades and new technologies, aiming to boost efficiency and production.
Agriculture, food should tie labour needs to federal priorities, panel says
Government spending commitments to defense, housing could draw away workers from strapped labour pool
Canada's agri-food sector needs to make clear to the federal government that solving its labour issues ties into economic and nation-building plans, industry insiders say.
General Mills forecasts weak annual profit as economic uncertainty weighs
General Mills forecasted annual profit below expectations on Wednesday, as weak demand for its refrigerated baked goods and snacks in the U.S. in a tariff-driven, uncertain macroeconomic background weighed on the Pillsbury owner.
Public trust in Canadian food system at a low
Research organization says more needs to be done by the agriculture industry to engage consumers and gain influence
The Canadian food system's reputation has taken a significant hit in the last couple years, said Ashely Bruner of the Canadian Centre for Food Integrity (CCFI) during a recent webinar.
General Mills restructures as company deals with choppy demand
General Mills said on Tuesday it would record a charge of about $70 million in its current quarter, mainly reflecting severance expenses, as part of the Cheerios cereal maker's restructuring efforts.