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Food at Home Prices Decline in August: CPI Report

In News by Krista Garver0 Comments

Food prices increased 0.1% in August, bringing the unadjusted 12-month increase to 1.1%, according to the latest CPI data. The increase was due almost entirely to the food away from home index, which was up 0.3%. Food at home prices declined for the second time since February. Grocery indexes decline, except cereal and bakery Five of the six major grocery …

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Today’s Millennial: Tomorrow’s Organic Parent

In News, Press Releases by Press0 Comments

Organic Trade Association survey signals big new wave of organic consumers on the horizon Twenty-five percent of the Millennials in America are parents. In the next 10 to 15 years, 80 percent of Millennials will be moms and dads. What this means for the organic market could be transformative. A new and expanded survey on the organic attitude of U.S. …

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Farmers Less Optimistic, But Still Feeling Pretty Good

In News by Krista Garver0 Comments

Farmers reported less optimism in August, according to the Purdue/CME Group Ag Economy Barometer. While producer sentiment is significantly off of its January high, it’s still much higher than it was all of last year. The researchers speculate the current downturn is due to lower grain and oilseed prices. The survey included a new question this time around, asking famers …

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Mars Announces $1 Billion Investment in Sustainability

In News, Sustainability by Krista Garver0 Comments

Mars announced yesterday that it will invest approximately $1 billion in its Sustainable in a Generation Plan. That plan includes efforts to fight climate change as well as tackle social challenges. The company has committed to reducing greenhouse gas emissions across its value chain by 67% by 2050; increasing income, respecting human rights, and unlocking opportunities for women; and helping people and …

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Food Companies Donate to Hurricane Harvey Relief

In News by Melissa Schmitz0 Comments

Updated September 6, 2017 As Hurricane Harvey pummels parts of Texas and Louisiana, corporations and individuals are stepping up to help with the relief efforts. Many food and beverage companies have announced contributions, everything from cash to meals. Here’s the list of food companies who’ve announced donations so far: Amazon Inc. and Whole Foods Market are matching up to $1 …

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10 Food Industry Giants Bet Big on Blockchain

In Food Safety, News by Krista Garver0 Comments

Dole, Driscoll’s, Golden State Foods, Kroger, McCormick and Company, McLane Company, Nestlé, Tyson Foods, Unilever, and Walmart have partnered with IBM on a blockchain initiative to boost the safety of the food supply chain, the technology company announced Tuesday. Blockchain is a digital ledger system that has the potential to provide the type of supply chain transparency that both consumers and …

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Food Prices Tick Up in July: CPI Data

In News by Krista Garver0 Comments

After holding steady in June, food prices ticked up 0.2% in July, according to the latest Consumer Price Index report. That brings the total increase over the past 12 months to 1.1%. Proteins, produce, and dairy prices rose The overall increase was driven largely by meat, poultry, fish, and eggs, which gained 0.7% in July, after increasing 0.6% in June. …

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Avure Technologies, Hiperbaric, MULTIVAC Named Top HPP Equipment Manufacturers

In News, Processing, Technology by Krista Garver0 Comments

Technavio just announced its top five leading vendors in the global high-pressure processing equipment market from 2017 to 2021. And the winners are: Avure Technologies Bao Tou KeFA High Pressure Technology Hiperbaric Kobe Steel MULTIVAC The market research firm expects the global HPP equipment market to grow at a CAGR of over 17% through 2021, buoyed by consumers who want convenient, …

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Food Processing Industry Accounts for 15.6% of Food Cost

In News, Processing by Krista Garver0 Comments

If you split up the cost of food based on the industries involved in the supply chain, the food processing industry accounts for 15.6¢ of every $1, according to the USDA’s Food Dollar Series. The series looks where each dollar spent on domestically produced food ultimately ends up. The data are from 2015, which is the most recent year available. …

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Ag Producer Sentiment Strengthened in July

In News, Trends by Kristen Runvik0 Comments

Following months of stagnation, ag producer sentiment got a boost in July, as reported in the latest Purdue University/CME Group Ag Economy Barometer. The overall ag producer sentiment barometer hit 139 last month — the second highest level since the barometer began in October 2015. While the year started with ag producers feeling optimistic about the future, they are now …