Indulgent foods, including chocolates, confectioneries, savory snacks and ice cream, are likely to see a notable dip in retail sales as a result of inflation, according to market research firm GlobalData.
Cases of highly pathogenic avian influenza (HPAI) emerging this week in California, Indiana, Minnesota and North Dakota, including in a Hormel Foods Corp. flock, have executives at the company on edge. Outbreaks earlier this year affected the company’s Jennie-O Turkey Store business, and the new cases may have a lasting impact.
Rabobank’s latest beef report for the third quarter, noted that the global beef market remains strong, with most beef retail prices trending upward in the previous quarter. Angus Gidley-Baird, senior analyst for Animal Protein at Rabobank, questioned how long the trend will continue.
Today’s bakery consumers are increasingly conscious about the products they buy. They want baked foods that are better for them, sustainably sourced and have a transparent ingredient list and supply chain. While bakers are meeting this demand with more transparent and sustainable products, some may be unsure what exactly these words mean, noted Tai Ullmann, global sustainability lead for edible oils, Cargill.
The instore bakery has bounced back post-COVID, but it’s not the same department as pre-pandemic, said Marjorie Proctor, marketing and design specialist for Conyers, Ga.-based Dover Food Retail / Hillphoenix.
ADM and Benson Hill, Inc. have entered a long-term strategic partnership to scale innovative soy ingredients to help meet the rapidly growing demand for plant-based proteins and serve a variety of plant-based food and beverage markets to meet savory, sweet and dairy customer needs, the companies announced Aug. 8.
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