New Zealand-based diary co-operative Fonterra is set to invest $100m in establishing a new ultra-high temperature (UHT) milk processing plant at its Waitoa site in Waikato.
The Consumer Price Index for food and beverages increased for the second straight month, moving up 0.4% in January after rising 0.2% in December, ending at 236.2.
Net profit at Thailand's largest agro-conglomerate Charoen Pokphand Foods Plc (CPF) rose by 17% last year to 18.79 billion baht ($630 million), but it suffered a setback in the fourth quarter.
Farm produce prices in China's 36 major cities saw a general decline last week following the Spring Festival holiday, according to a Ministry of Commerce (MOC) survey on Tuesday.
Leroy Seafood Group on Tuesday reported its second highest quarterly revenue, attributing the increases in operating profit to higher volumes and lower production sales.
Austevoll Seafood ASA finished the 2012 4th quarter well, with income and profits up over the same quarter in 2011, despite some “challenging” problems in the company’s Peruvian operation.
Since its spinoff from Sara Lee this past year, Hillshire Brands has been focused on innovation and delivering products to market that Sean Connolly, chief executive officer, said must be “contemporary, relevant and provocative.”
Operating income of the Protein Group of Maple Leaf Foods, Inc. in the year ended Dec. 31, 2012, was C$189,808,000 ($185,000,000), up 7% from C$177,882,000 in 2011.
Cargill, in partnership with Winrock International, is donating 20,000 high-quality coconut seedlings to 200 smallholder coconut farmers in North Sulawesi, Indonesia.
The Alaska Seafood Marketing Institute (ASMI) has been making the rounds on the trade show circuit in Japan to promote the brand awareness for the state’s seafood.