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August 19, 2008 |
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Today's News
Summary:
Today's first item reports on Monday's announcement by
Brinker International that it has agreed to sell a majority interest in
its 220-restaurant chain,
Romano’s
Macaroni Grill, to Golden Gate Capital for $131.5 million in cash.
In other news,
wholesale
prices increased more than expected in July, adding to growing fears
about inflation, according to a government report released this morning.
Elsewhere,
SYSCO, Systems and Services Corporation and Dezina Marketing, Inc.
have announced an exclusive venture designed to penetrate the
residential market for online grocery shopping through substantial cost
savings offered by SYSCO's immense buying power, and the personalized
product delivery system created by Dezina Marketing, Inc.
In continuing to pursue its antitrust case against
Whole Foods'
acquisition of Wild Oats, the Federal Trade Commission cannot expect
the two chains to somehow "un-merge." Yet the FTC has hewed to a
relentless course of legal action against the $565 million merger, now
almost a full year after the deal has closed.
Food and Drug Administration officials said on Friday that it is
unlikely the agency will continue its search for the exact origin of a
salmonella-tainted pepper, but that the investigation still
continues into the nationwide salmonella outbreak that FDA said is the
largest food-borne outbreak in years.
Internationally, South Korea will temporarily halt quarantine
inspections on all
Chilean pork
following the discovery of a third package of dioxin-tainted meat, the
government said Monday.
In Brazil, if it is up to the supply of raw material, the
production of poultry and pork will expand significantly in 2008 and
during 2009. This because the domestic availability of the main products
which make up the feed used for these animals, in this case, corn and
soybean meal, is at a record high in the country.
In Israel,
the price of eggs rose today by 8.2 percent, or NIS 0.07 per egg.
The Ministry of Agriculture attributed the rise to higher prices for
fuel and other inputs, such as grains for chicken feed and
transportation costs. The Ministry of Agriculture is also revamping its
egg standards to the international standard of S to XL, which replace
the current numbered system for indicating egg size.
Finally today, Pennsylvania's veterinarians have launched an initiative
to encourage more vets to care for
animals
raised for food, instead of for companionship. Like their
counterparts in human medicine, veterinarians have found it difficult to
attract young colleagues to rural areas, where most food animals live,
and keep them there.
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By Linda Lindner

llindner@foodmarket.com
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