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Food Prices Steady in June Despite Rising Cost of Beef: CPI Data

In News, Trends by Kristen Runvik0 Comments

After five months of increasing food prices, the numbers in June are unchanged compared to May, says the latest Consumer Price Index for All Urban Consumers (CPI-U) report, released on Friday. Read on for more food-related details from the report. Food at home prices fell Eating at home was more affordable for consumers last month, as five of the six …

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Global Food Prices Continue Upward Trend in June

In News, Trends by Kristen Runvik0 Comments

Global food prices continued to rise in June following an uptick in May, according to the Food and Agricultural Organization’s (FAO) Food Price Index released last week. The index measures global monthly changes in cereal, vegetable oil, dairy, meat, and sugar. Dairy, cereal, and meat are to blame for global price increases (sugar and vegetable oil prices dropped in June). …

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Ag Producer Sentiment Stable in June Despite Spring Weather Woes

In News, Trends by Kristen Runvik0 Comments

Agricultural producer sentiment held steady for the third month in a row, according to the Purdue University/CME Group Ag Economy Barometer, released on Wednesday. The barometer slightly rose between the May and June surveys. Overall, sentiment remains well over levels recorded prior to November 2016. Most ag producers (60%) reported feeling better about their farm operations’ finances now than they …

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Survey: Americans Value Taste, Healthfulness, and Advice from Friends and Family

In News by Melissa Schmitz0 Comments

Taste is a top purchase driver for 84% of consumers, according to the 2017 Food and Health Survey from Food Insight. The extensive survey reveals Americans’ opinions on health, food information, purchase drivers, and food safety. Here are some key results:   Consumers ranked Vitamin D, fiber, and whole grains as the top 3 components of healthfulness in food.   …

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Consumers are Confused — Technology Can Help

In News by Melissa Schmitz0 Comments

Almost all (98%) consumers care about what’s in the products they buy, according to a new report from Label Insight. However, they’re also confused when it comes to ingredients in food. The study found that 83% of consumers are confused at least some of the time. In particular, the words “healthy,” “natural,” and “clean” are not well understood. This makes …

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All-American July 4th Cookout Down Slightly, Remains Under $6 Per Person

In News, Press Releases by Press0 Comments

WASHINGTON, June 26, 2017 /PRNewswire-USNewswire/ — A cookout of Americans’ favorite foods for the Fourth of July, including hot dogs, cheeseburgers, pork spare ribs, potato salad, baked beans, lemonade and chocolate milk, will cost slightly less this year, coming in at less than $6 per person, says the American Farm Bureau Federation. Farm Bureau’s informal survey reveals the average cost …

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Food Companies Taking Bite Out of Ripe Meal Kit Delivery Market

In News, Trends by Kristen Runvik0 Comments

The meal kit market is ripe for the picking, and food companies are making big moves. In the last two months alone, Nestlé, Campbell, and Unilever have invested millions of dollars in meal kit companies. Meal kit companies deliver fresh ingredients and recipes, or sometimes an entirely prepped meal, direct to consumer door steps. This market is expected to hit …

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Product Development Teams Cleaning Up Labels in 2017: Report

In News, Research by Kristen Runvik0 Comments

New survey results from Food Processing’s 46th annual R&D survey show that R&D teams are focusing on cleaning up product labels in 2017, ignited by big label changes initially set for 2018, but now delayed, like GMO labeling and the new nutrition fact label. Here are some of the survey highlights. Added sugars, GMO ingredients, and sodium are on the …

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Amazon Acquiring Whole Foods Market in Massive $13.7B Deal

In News by Kristen Runvik0 Comments

Amazon announced today they will acquire Whole Foods Market for $42 a share in an all-cash transaction valued at an impressive $13.7 billion. The Austin-based organic and natural foods grocery giant will continue to operate under the Whole Foods Market brand. Co-founder John Mackey will remain as CEO and the Whole Foods headquarters will stay in Austin, Texas. “Whole Foods …

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Food Prices Continue to Rise in May: CPI Data

In News, Trends by Kristen Runvik0 Comments

Food prices rose for the fifth consecutive month in May, according to the latest Consumer Price Index (CPI) data. In April, fresh veggies — specifically lettuce — were to blame for high food prices. In May, the cost of fresh fruits and veggie went down, but food prices at home and away from home inched up, resulting in an overall …