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An example of a few headlines sent to our customers on Jul, 22 2022
Agriculture Industry

powered by Industry Intelligence, Inc.

July 22, 2022

Industry Roundup

Barley

BASF and Boortmalt announce collaboration to jointly reduce CO2 emissions associated with barley production in Ireland; collaboration part of BASF’s Global Carbon Farming Program and supports Boortmalt target to reduce indirect emissions in value chain
BASF SE (07/20)

Corn/Maize

Chicago Board of Trade soybean and corn prices fall on July 20 due to beneficial weather conditions for US crops; wheat trades higher due to technical purchases and an improvement in demand
CE Noticias Financieras (07/21)

Chicago Board of Trade corn futures fall more than 2% on July 19, with soybeans also down on optimism about US crops and some rain forecasts for next week, despite hot spots over hot and dry conditions
Reuters (07/20)

Oils

Chicago Board of Trade corn, soybean and wheat futures rise on July 18 in response to concerns about potentially stressful warm weather in the US Midwest growing belt, coupled with bullish sentiment in oil and a weaker dollar
CE Noticias Financieras (07/19)

Palm/Palm Oil

Universal Robina says it's looking at reducing the amount of energy and water it uses to manufacture its products by 30% against its 2020 baseline, as well as promote responsible sourcing of key ingredients like palm oil, potatoes and coffee beans
Manila Bulletin (07/19)

Soybeans/Soybean Meal

Corteva Agriscience and 2Blades announce 'milestone' in their collaboration to develop a transgene for Asian Soybean Rust resistance with successful field trials of Latin American soybean varieties containing the new ASR transgene
Corteva Inc. (07/21)

Animal Farming/ Meat Production

Sustainable dog nutrition brand Petaluma ranks as one of B Lab's Best for the World B Corp as it places in top 5% of Certified B Corps globally in its size group; company focuses on plant-based nutrition without factory-farmed animal proteins
Pet Plus Magazine (07/20)

Cannabis/Hemp/Marijuana Farming

Florida's marijuana licensing program has issued 22 licenses in its six years, but none to Black farmers, businesses point out; advocacy groups point out financial hurdles far exceeding the US$146,000 application fee
News-Journal (07/19)

Dairy Farming

Bel Brands USA and Dairy Farmers of America announce that their milk cooling program resulted in an overall reduction in GHG emissions while increasing the production of milk
PR Newswire (07/19)

Regenerative Agriculture

Citi: Global food system currently not fit for net-zero future, and is responsible for 33% of all GHG emissions; emissions could be cut by 58%-68% by implementing regenerative agriculture, low carbon livestock, halting deforestation, reducing food waste
Business Wire (07/19)

Agricultural Applications

BASF and MIT researchers develop biodegradable silk-based material to replace microplastics added to agricultural products, paints, cosmetics; inexpensive, easily manufactured substitute works just as well as plastic for encapsulating certain ingredients
Massachusetts Institute of Technology (MIT) (07/20)

Agricultural Chemicals

Univar Solutions division NexusBioAg enters marketing and distribution agreement for MustGrow Biologics' TerraMG, a mustard-derived soil biopesticide technology; solution will be marketed in Canadian canola and pulse applications
PR Newswire (07/21)

Evonik enters agreement to supply blueSulfate liquid ammonium sulfate to Interoceanic, a marketer of fertilizer, industrial chemicals; agreement supports Evonik's strategy that includes high-value co-products of its methionine network for crop fertilizers
Evonik Industries AG (07/19)

Crop Production/Yield

Drought affecting swathes of Europe is hitting crop yields and the EU warns that forecasts of drier-than-normal conditions could worsen the situation, according to report by European Commission's Joint Research Center
just-food.com (07/21)

BlackRock CEO says food, not oil, should lead world concerns, citing destruction of arable land in Ukraine, fertilizer prices rising 100%, and reduced fertilizer use hurting crops; World Bank estimates war will cause 20% hike in food prices in 2022
CE Noticias Financieras (07/21)

Genetically Modified Organisms (GMO)/Bioengineered Foods

Fiber company Kraig Biocraft Labs signs first third-party production contract for large-scale manufacturing of recombinant spider silk; first deliveries expected within 90 days, with contractor to produce 'multiple' tonnes/month of spider silk by Q1 2023
Kraig Biocraft Laboratories Inc. (07/19)

Plant Extracts/Plant-Based

Country Crock announces launch of Plant Cream, a new plant-based alternative to dairy heavy whipping cream; campaign launched in collaboration with product demonstrating how both cream and Country Crock Plant Butter is made with plant-powered ingredients
PR Newswire (07/20)

Groupe GM, Phythomer partner to develop new line of sea-inspired sustainable skin-care products for hotel guests; line consists of shower gel, shampoo, conditioner and body lotion that are 90% plant-based, come in tubes with caps made of recycled plastic
Happi (07/20)

Agribusiness & Raw Foods

GlobalData highlights emerging technologies in agriculture, including Bayer's IoT device 'Digital Yellow Trap' that alerts farmers of threats in their fields, SmartRural's location-based intelligence tool that helps farmers minimize water waste in fields
GlobalData Plc (07/21)

USDA proposes to decrease current Pork Checkoff assessment rate of 0.40% of market value of all pigs sold in the US to 0.35%; USDA also proposing to decrease assessments on imported pork and pork products
National Hog Farmer (07/21)

ADM and Farmers Business Network sign agreement to expand availability of FBN’s Gradable digital farm business management platform to ADM’s network of 55,000 farmers across North America
Business Wire (07/21)

 Food & Beverage

Fresh Foods

US Dept. of Commerce awards grant of US$3.2M in American Rescue Plan funds to city of Woonsocket, Rhode Island, to boost retail food sector; project will result in 7,500-sq-ft public marketplace to address need for fresh food retail options
TendersInfo - News (07/21)

Fruit/Vegetable Juices

Sidel unveils Aseptic Predis X4 , an integrated blow-fill-cap aseptic packaging solution that incorporates consolidated Predis dry preform sterilization, making it ideal for growing healthy, nutritious drinks market in PET bottles, such as juice, milk
Contify Retail News (07/21)

Naked Juice announces offering of new Naked Antioxidants Mighty Berry flavor, packaged in 15.2 oz. bottles for US$3.29/bottle
Beverage Industry (07/19)

Fruits, Vegetables & Salads

Round Table Pizza announces limited-time offerings of new Greek-style Apollo Pizza and new Apollo Salad; pizza features Calamata olives, feta cheese, garlic olive oil, Italian herb seasoning, salami, green bell peppers and Roma tomatoes
Chew Boom (07/21)

Study finds attitude, social norms, perceived behavioral control affect consumers' intention to consume perceived inedible parts of fruits, vegetables; attitude is best predictor, while perceived edibility, sustainability, health benefits improve attitude
Food Quality and Preference (07/20)

Protein

Planterra Foods announces exclusive partnership between its Ozo brand and Major League Baseball's Chicago Cubs, in which Ozo will be the official plant-based protein of the Chicago Cubs and Wrigley Field
PR Newswire (07/19)

Meat & Poultry

Sales at Ocado, Marks & Spencer venture falls 8% to US$1.3B over six months to May 29, with 13% fall in basket sizes, partially offset by 3% rise in average prices; CEO says consumers are trading down, buying smaller packs, opting for burgers over steaks
Reuters (07/21)

Foster Farms says it has 'no plans' to reopen its chicken plant in Creswell, Oregon, despite applying with state regulators to renew the facility's wastewater management permit
Capital Press (07/21)

Hogs/Pork

McDonald’s debuts Boseong green tea pork burger in South Korea for limited time featuring locally-sourced pork patty from hogs raised on fermented green tea; US$4.81 burger includes bacon, Korean cabbage, spicy cheese sauce, red onion, mayo
Chew Boom (07/21)

Tyson Fresh Meats contends a federal court is the proper venue in which to resolve gross negligence lawsuits filed by the estates of three workers who contracted COVID at the company's Storm Lake, Iowa, pork plant and later died
Sioux City Journal (07/21)

Fish/Seafood

TGI Fridays announces limited-time offerings of new Dynamite Shrimp and Twisted Steak Frites; shrimp dish features 12 fried shrimp tossed with 'dynamite sauce' and mango pico de gallo; frites include 6 oz. grilled sirloin steak topped with parmesan butter
Chew Boom (07/20)

Albertsons recalls three ReadyMeals seafood items prepared in store due to undeclared allergens; items include Shrimp Cooked with Cocktail Sauce, Snow Crab Legs Imitation Surimi and Crab & Shrimp with Cocktail Sauce
Business Wire (07/20)

Meat Alternatives

Europe is at risk of falling behind in the race to commercialize cultivated meat, officials say at the first-ever European Parliament debate about cultivated meat
FoodNavigator.com (07/20)

Birds Eye relaunches its meat-free Green Cuisine brand in the UK with a new £4.4M 'Welcome to the Plant Age' advertising campaign aimed at reappraising and challenging consumers’ eating habits
Grocer (07/19)

Dairy Products/ Dairy Alternatives

Yili Group opens US$740.3M dairy hub in the company's home region of northern China to produce fresh milk, infant formula and cheese; plant is capable of producing 6,500 tons of fresh milk a day
just-food.com (07/21)

Food inflation in UK at 9.8% in June, with low-fat milk seeing the largest rising in price at 26.3% year-over-year, according to government statistics; butter prices up 21.5%
City A.M. Ltd. (07/21)

Milk/Milk Alternatives

Fonterra trialing the use of an electric milk tanker as the company continues to decarbonize its fleet; the tanker will operate out of Fonterra's UHT site in Waitoa
Dairy Reporter (07/21)

Unilever Food Solutions announces US recall of around 553 cases of Knorr Professional Soup du Jour Red Thai Style Curry Chicken with Rice Soup Mix because of undeclared milk
Business Wire (07/20)

Coffee

Australia: Luckin Coffee Group Owns Trademark for 'Luckin Tea' and 'Fawn' for various includes including coffee, tea and chocolate: Trademark No. 2050607
Australian Government (07/20)

Australia: Luckin Coffee Group Owns Trademark for 'Luckin Coffe' and 'Deer,Silhouette Breaks Disc' for various goods including tea-based beverages, cocoa and coffee-based beverages: Trademark No. 2053871
Australian Government (07/20)

Sugars/Honey/Sweeteners

Romanian government approves rise in the value-added tax on non-alcoholic drinks containing added sugar, sweeteners and flavors from 9% to 19%; tax increase effective January 2023
just-drinks.com (07/20)

USDA projects the US will import 3.5 million short tons of sugar in the new season that starts in October, up from 3 million tons estimated in June, but agency falls short of saying where all the sugar will come from
Agweek Magazine (07/19)

Packaged Foods

Grupo Bimbo reports Q2 net income of 6.15B Mexican pesos, up from year-ago income of 3.03B pesos, as net sales rise 18.1% to 96.43B pesos, primarily due to strong price/mix and volumes performance across every region
Grupo Bimbo SAB de CV (07/21)

Mars Wrigley announces appointment of Gulen Bengi as global chief growth officer, effective Oct. 3; Bengi succeeds Cathryn Sleight, who is stepping back from full-time work to explore plural opportunities
EIN Presswire (07/21)

Non-Alcoholic Beverages

Britvic reports fiscal Q3 revenue of £431.1M, up 11% from year-ago period, aided by more normalized trading environment following removal of COVID-19 restrictions
Alliance News (07/21)

Primo Water completes its previously announced exit from its business in Russia; company had small presence in the country, with revenues last year of US$14M, less than 1% of its total revenues for 2021
Canada Newswire (07/21)

Alcoholic Beverages

Beam Suntory and Edrington sell their Maxxium Russia venture to the business' management; companies said they had been weighing up the future of the venture after Russia's invasion of Ukraine
just-drinks.com (07/21)

No legislation on the future of alcohol duty legislation in the UK will be published until autumn, federal government announces; the reforms--which had previously been announced in the fall budget in 2021--are still yet to come into force
just-drinks.com (07/21)

 Tobacco & Cannabis

Tobacco, Cannabis & Derivatives

US Senate members plan to introduces 'Cannabis Administration and Opportunity Act' as soon as late July; bill would decriminalize marijuana at the federal level
Baystreet US News Alerts (07/19)

Arkansas collected US$15.8M in tax revenue from medical marijuana sales in H1 2022, down from US$16.9M in 2021; in June, medical marijuana patients spent US$22.29M on 3,926 lb. of marijuana
KFSM-TV (07/19)

 Stock

Latest: Jul, 21 2022

Latest Value Prev Chg YOY Chg
Watchlist
Archer Daniels Midland (ADM) 74.02 74.57 -0.74% 27.40%
CHS Inc (CHSCP) 29.61 29.72 -0.37% -0.90%
Farmland Partners (FPI) 14.27 14.10 1.21% 13.07%
Fresh Del Monte Produce (FDP) 28.47 29.77 -4.37% -9.96%
JBS SA (JBSS3) :BVMF 30.07 29.63 1.48% -1.76%
SAMPLE REPORT