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Title: Food and Related Products/Associations - Food Institute Portal for the food industry, includes industry, health and government and international news and related resources.
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The_Agribusiness_Council Focused on strengthening U.S. agro-industrial competitiveness through programs which highlight international trade and development potentials as well as broad issues which encompass several individual
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Food Industry News on The Food Institute
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Food Institute News
Consumer Food Spending and the Changing Economy - A Webinar
Presented by The Food Institute & Technomic
The Food Institute joined Technomic to present an important webinar that
identified key trends impacting consumer spending in today's changing
economy. From restaurants to retailers, 2007 was a year of decelerating
growth. The first six months of 2008 has delivered new lows in consumer
confidence and record highs in consumer prices. Moving forward, this new
business environment will demand a mix of conservatism (in investment
and expansion), bold thinking and innovation to stand apart from the
competition. The Consumer Food Spending and the Changing Economy
webinar provided insights about key success factors for decision making
during this challenging time. Click
here to purchase a recording of the webinar.
Better managing the integrity of the food supply from farm to fork is a
complex issue that defies easy solutions, according to a recent Supermarket
News roundtable featuring eight members of The Food Institute who
cumulatively represent several different sides of the food safety issue.
Balancing business interests with the perceptions and well-being of
consumers is, in many ways, at the heart of contemporary food safety. Full
StoryIs your business trending in the right direction?A
comprehensive analysis of your financial trends and a comparison of your
performance to others in the food industry is now offered by The Food
Institute in conjunction with the iLumen Financial Information Network. Register
now to find out how you are performing and how you compare.
FI Members Only
For members only The Food Institute's Article Index has been updated through Sept. 15, 2008! FI Members click here to search for articles that have appeared in the weekly Food Institute Report. Search by company or by subject. To learn about becoming a Food Institute Member, click here.
If you're not a member, click here to sign up!
Our Mission Statement
The Food Institute:
* Strives to be the best "single source" for current, timely and relevant information about the food industry from "farm to fork."
* Serves as a trusted source of information, providing balanced coverage of the issues.
* Delivers information through multiple media so that industry professionals worldwide can tap in when and how they choose.
Industry News
Sanderson Farms, Inc. filed a Form S-3 "shelf" Registration Statement with the SEC to register for possible future sale shares of the company's common and/or preferred stock at an aggregate offering price not to exceed $1 billion. Joe F. Sanderson, Jr., chairman and chief executive officer of Sanderson Farms, Inc. stated, "Our purpose with this filing is to make available to the Company shares that could be used in connection with future acquisitions and other strategic opportunities as they may present themselves. We have no current agreements, plans or discussions to offer any of the registered shares for sale. Our purpose does not include raising cash solely for liquidity, as the Company's financial position remains strong."
International News
Mexican supermarket operator Comercial Mexicana requested bankruptcy protection against creditors because it was unable to make debt payments due to a recent decline in the peso, according to Reuters.
Health News
Moderate consumption of red wine may reduce the risk of lung cancer in men by as much as 60%, according to findings published in Cancer Epidemiology, Biomarkers & Prevention. The study claims to be the first to take into account such lung cancer-related factors such as passive smoking, socio-economic status and dietary intake, all of which are associated with alcoholic intake, according to researchers from the Kasier Permanente Department of Research and Evaluation, reported Beverage Daily.
Washington News
FDA needs to better leverage resources, improve oversight and effectively use available data to help consumers select healthy foods, according to a report from the Government Accountability Office (GAO). GAO notes that FDA has little assurance that companies comply with food labeling laws and regulations for, among other things, preventing false or misleading labeling. GAO made several recommendation as well.
Market News
The U.S. all orange forecast for the 2008-09 season is 9.19 million tons, down 10% from the 2007-08 final utilization. Florida's all orange forecast, at 166 million boxes, decreased 2% from last season's final utilization. The FCOJ yield forecast for the 2008-09 season, at 1.59 gallons per box at 42.0 degrees Brix, is 5% lower than last season's final yield of 1.67 gallons per box. Meanwhile, corn production is forecast at 12.2 billion bushels, up 1% from last month but 7% below 2007.
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