Category food

Black Sea port attacks help elevate wheat futures

Home » Black Sea port attacks help elevate wheat futures Source: Sosland Publishing Co. Recap for March 18 Wheat complex futures advanced Monday on concerns about exportable wheat supplies out of the Black Sea region in the wake of Russia…

Class-action lawsuit accuses sugar producers of price fixing

NEW YORK — A proposed class-action lawsuit filed March 14 in Manhattan federal court by New York-based KPH Healthcare Services, Inc. accused several major US sugar producers and others of artificially inflating granulated sugar prices and seeks unspecified triple damages…

Allergen-free snack maker making moves

EVANSTON, ILL.  — Every Body Eat, a manufacturer of allergen-free, gluten- and grain-free snack thins, has a new manufacturing facility to call home. As an allergen-free manufacturer, the company found it difficult to co-manufacture its products due to the risk…

PepsiCo seen poised for a rebound

NEW YORK — With shares of PepsiCo, Inc. trading at the lowest valuation in 22 years, Morgan Stanley is upgrading the investment rating of the Purchase, NY-based maker of snacks, beverages and food to overweight. With the upgrade from equal-weight, PepsiCo…

PepsiCo poised for a rebound

NEW YORK — With shares of PepsiCo, Inc. trading at the lowest valuation in 22 years, Morgan Stanley is upgrading the investment rating of the Purchase, NY-based maker of snacks, beverages and food to overweight. With the upgrade from equal-weight, PepsiCo…

Roquette acquiring IFF’s Pharma Solutions business

NEW YORK — IFF and Roquette have entered into a definitive agreement under which New York-based IFF will sell its Pharma Solutions business unit to Roquette, La Madeliene, France, for an enterprise value of up to $2.85 billion. The Pharma…

Chunk Foods taking plant-based meat to the next level

NEW YORK  — Chunk Foods, a maker of plant-based products that mimic whole cuts of meat, is aiming to add scale. For Chunk Foods, going beyond replicating the basic burger, chicken nugget, or hot dog in a plant-based application is…

Foster Farms appoints new CEO

LIVINGSTON, CALIF. — Foster Farms named Jayson Penn the company’s new chief executive officer on March 18. Penn succeeds Donnie Smith, who was appointed CEO of Foster Farms in conjunction with Atlas Holdings’ acquisition of the poultry company in June…

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