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Food Industry News

Agribusiness Giants Lobbying for Continuation of Biofuel Subsidies

Associated Press
July 25, 2008 - Monsanto, Archer Daniels Midland, Deere and DuPont announced they will use national ads and federal lobbyists to build the case for using crops to make ethanol and biodiesel....
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Dow Chemical Reports Decline in 2Q Profit

Associated Press/AP Online
July 25, 2008 - The company's net fell 27 percent last quarter despite record sales and two double-digit price increases because of sharply higher costs for energy and raw materials....
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Pernod's Absolut Success

The Scotsman (UK)
July 25, 2008 - The French spirits company has acquired Vin & Sprit, whose flagship is Absolut vodka....
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Grocery Chain Kroger Removes Jalapenos

Associated Press/AP Online
July 25, 2008 - The nation's largest traditional grocer pulled the peppers from all of its own and its subsidiaries' coolers on Tuesday, and many other stores have done the same....
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Russia Importing Record Amounts of Meat

The Scotsman (UK)
July 25, 2008 - The country's economy is booming, and consumers are demanding more beef and pork than in former times....
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CSPI: FDA Needs Recall Authority

United Press International
July 24, 2008 - U.S. food stores' mixed reaction to possibly tainted peppers demonstrates regulators' limited authority, according to the Center for Science in the Public Interest....
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A-B Reports Gains in Critical Summer Season

St. Louis Post-Dispatch
July 24, 2008 - The brewer showed momentum in its key U.S. market in its second quarter, posting higher sales and profit on the strength of increased beer sales and price hikes....
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Sara Lee Preparing Huge Pretax Write-Down

Chicago Tribune
July 24, 2008 - The company will take up to a $975 million charge against its bakery unit to write down the value of some assets in North America and Spain....
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PepsiCo 2Q Profit Rises 9 Percent

Associated Press/AP Online
July 24, 2008 - Growth in the company's international and Frito-Lay snack businesses was strong enough to offset declines in sales of bottled water and soft drinks....
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Audit Says USDA Lost Track of Imported Cattle

Chicago Tribune
July 24, 2008 - The department has failed to properly track hundreds of Canadian cattle coming into the United States, the department's inspector general has concluded....
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