Land O'Lakes, a farmer-owned food and agricultural cooperative, has reported that its net earnings increased by 31% to $241m for the fiscal 2012, compared to $184m in 2011.
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.
While profits were under pressure for the full year and the final quarter of 2012, the U.S. business of Grupo Bimbo S.A.B. de C.V. enjoyed sales gains late in the year because of marketplace changes.
Record sales of $2.1 billion couldn’t lift first-quarter earnings for Hormel Foods Corp., challenged by poor pork operating margins and turkey troubles.
Higher sales in emerging markets were offset by costs related to the divesture of a business in China, leading to a 5% decline in income at The H.J. Heinz Co. during the third quarter.
Scottish Fishermen’s Federation (SFF) calls for all sectors of the seafood industry and government to work together to find ways of stimulating demand for home caught product
Restructuring and facility closing charges related to certain soup and salad dressing operations weighed on full-year and fourth-quarter results at TreeHouse Foods, Inc.
