Financial

Thanksgiving Dinner Staples Price Drop
11/17/2009 - Menu items for a classic Thanksgiving dinner for 10 including turkey, stuffing, cranberries, pumpkin pie and all the basic trimmings dropped 4 percent in price this year, according to a new survey from the American Farm Bureau Federation (AFBF). According to the survey, the average cost of this year’s feast is $42.91, a $1.70 price decrease from last year’s average of $44.61. ...

Raising Capital in the Nutrition Industry
11/12/2009 - Growth companies in the nutrition industry must approach capital raising in today’s economic climate with an eye toward private capital and strategic partnerships for corporate investment. ...

MGP Ingredients 1Q 2010 Earnings
11/05/2009 - MGP Ingredients, Inc. reports earnings for first quarter 2010. ...

Chr. Hansen Revenues Up for FY08/09
11/04/2009 - Chr. Hansen reported on its fiscal year, with revenues up 10 percent in local currency, EBITDA up 30.3 percent and sales growth particularly strong in the probiotics and enzymes areas. ...

IFF Reports 3Q Revenue
11/04/2009 - International Flavors & Fragrances Inc. reported third quarter 2009 revenue of $613 million, one percent lower than the prior year quarter. ...

Cranberry Auction Announced
10/20/2009 - LAKEVILLE-MIDDLEBORO, Mass.—Ocean Spray’s Ingredient Technology Group has announced its second cranberry concentrate auction, which will take place on Jan. 20, 2010. The auction, open to qualified buyers worldwide, will establish a clearing price for Ocean Spray’s concentrate, for delivery within two 6-month contract periods. Complete details are available online. ...

Europeans Prioritize Health, Wellness
10/19/2009 - Consumers continue to see health and wellness as an important issue and will pay more for foods that display health benefits on their labels. ...

Consumers May Get Back to Spending
10/14/2009 - Speaking at the Food Marketing Institute’s Future Connect leadership conference, FMI’s President and Chief Executive Leslie G. Sarasin said there is hope that customer frugality will fall by the wayside as the economy begins to recover from the recession. ...

Dairy Farmers File Antitrust Lawsuit
10/13/2009 - Two dairy farmers filed a lawsuit in the U.S. District Court in Burlington, Vt., Oct. 8 against Dairy Farmers of America and Dean Foods Co. accusing them of antitrust violations in the Northeast. ...

House Gives Ag $121 Billion Boost
10/12/2009 - The House of Representatives on Oct. 7 approved HR 2997—a $121 billion agriculture spending bill for the 2010 budget year—that will benefit nutrition, food stamp and dairy aid programs nationwide. ...