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News
HKFoods profit rises 19% on retail and food service growth
7+ hour, 23+ min ago (168+ words) Finnish producer expects most 2026 earnings in second half Finland's HKFoods reported a 19.3% rise in second-quarter comparable operating profit to €7.7 million, with net sales up 5.3% to €258.7 million, driven by growth in retail and food service channels, according to Reuters. Sales growth…...
US food prices up 26% in five years as consumers cut back
3+ week, 6+ day ago (417+ words) The Poultry Site US food prices up 26% in five years as consumers cut back Beef demand holds firm while dairy exports hit record pace According to a new quarterly report from CoBank’s Knowledge Exchange, inflationary pressures and shifting consumer buying…...
Austria cuts food VAT in half to ease inflation burden
2+ mon, 2+ week ago (222+ words) Law covers staples like milk, eggs and bread from 1 July Austria's lower house of parliament approved legislation on Thursday halving value-added tax on foods the conservative-led government deems essential, the main hurdle the inflation-fighting measure needed to clear to become…...
Beef, pork and poultry costs to remain high through 2027, Tyson says
2+ mon, 3+ week ago (403+ words) Beef herd rebuild "spotty"as prices hit records US cattle producers are making "spotty" efforts to rebuild the nation's diminished herd and supplies will remain tight, Tyson Foods Chief Financial Officer Curt Calaway said on Wednesday, as low inventories have…...
DOJ targets egg producers in price-fixing probe
3+ mon, 2+ week ago (310+ words) Cal-Maine shares fall as antitrust suit looms The US Justice Department is preparing an antitrust suit against a few major egg producers, including Cal-Maine Foods and Versova, over alleged price coordination, Reuters reported, citing the Wall Street Journal on Friday....
Cal-Maine profits slump as egg prices fall from record highs
3+ mon, 3+ week ago (233+ words) Cal-Maine posts $50m net income as normalising supply hits revenues Cal-Maine Foods, the largest egg company in the United States, has reported a sharp drop in third-quarter earnings as wholesale egg prices retreated from the historic highs seen during last year's…...
McDonald’s rolls out low-cost menu to boost traffic
4+ mon, 2+ day ago (247+ words) Breakfast deal and value meals target cost-conscious diners McDonald's said on Thursday it was introducing menu items priced at $3 or less and offering a $4 breakfast meal deal in the US, as restaurants aim to attract price-conscious diners worn down by…...
Weekly protein report: Protein price gaps favor poultry as beef production stays constrained
5+ mon, 4+ day ago (980+ words) Even with a modest monthly dip in beef prices, year-over-year gains remain strong — reinforcing chicken’s role as a value anchor for consumers US Trade Representative Jamieson Greer is outlining a strategy aimed at closing what he described as market-access and…...
Russians trim New Year spending despite easing inflation
7+ mon, 5+ day ago (510+ words) High rates, sanctions keep households cautious as 2026 nears Many Russians are tightening their New Year spending this year at a time of economic uncertainty after nearly four years of war in Ukraine, despite a slowing official inflation rate and falling…...
Global food prices fall again in November - FAO
8+ mon, 13+ hour ago (348+ words) FAO index hits lowest level since January as staples ease World food commodity prices fell for a third consecutive month in November, with all major staple foods except cereals showing a decline, Reuters reported, citing the United Nations' Food and…...