Submit comment or question
Note: All comments are displayed with user's screen name. If screen name is not present, user's full name will be used. Please go to My Account to update your screen name.
Comment Policy: Urner Barry has made the comment feature available to encourage further discussion of our news stories. Defamatory or offensive comments, or comments deemed not relevant to the story will be removed, and if necessary, Urner Barry may restrict the right of individual subscribers to offer comments. In all cases, comments represent opinions of the poster only, and do not represent fact, news, opinions or estimates put forward by Urner Barry.
Email Address is required.
Password is required.
Tyson Foods Completes Acquisition of Thai and European Businesses from BRF S.A.
Tyson Foods, Inc. (NYSE: TSN) announced today the successful completion of the acquisition of the Thai and European businesses from BRF S.A. The purchase includes four production facilities in Thailand, and one each in the Netherlands and the United Kingdom. These businesses build on the company’s growth strategy to expand offerings of value-added protein in global markets.
“The addition of this experienced and talented team combined with these businesses strengthens our capabilities and increases our reach to new markets. I’m glad to welcome them to the Tyson Foods family,” said Noel White, president and CEO of Tyson Foods. “We’re now strategically aligned to better serve customers in Europe, the Middle East, and Asia, building on our global strategy.”
It’s estimated that approximately 90 percent of global protein consumption growth will occur outside the United States, with 60 percent of the volume growth coming from...
Whole Foods Market to Further Reduce Plastics Across all Stores
Whole Foods Market today announced that it will eliminate plastic straws from its stores in the U.S., the U.K. and Canada by July 2019, becoming the first national grocer to make this change. In addition, the grocer switched to smaller plastic bags in its produce department this year and is replacing hard plastic rotisserie chicken containers with new bags that use approximately 70 percent less plastic. Together, these packaging changes will reduce an estimated 800,000 pounds of plastic per year.
“For almost 40 years, caring for the environment has been central to our mission and how we operate,” said A.C. Gallo, President and Chief Merchandising Officer at Whole Foods Market. “We recognize that single-use plastics are a concern for many of our customers, Team Members and suppliers, and...
Brits Spent £12.3 Billion on Online Groceries in 2018
Brits continue to shop with the click of a button, as according to the latest research from Mintel, last year sales of online groceries in the UK hit £12.3 billion, up 9% from 2017.
One of the fastest growing channels in the UK grocery market, the online grocery sector is still adding to its share of total grocery retail sales, up from 6.1% in 2016 to 7% in 2018. What is more, consumers’ love of online shopping is set to continue as this year, sales are expected to reach £13.6 billion. Over the next five years, online grocery is forecast to account for 10% of all grocery shopping, with sales growing by ...
The Amazon Effect - Nine in Ten Brits Shop on Amazon
Amazon is the retail phenomenon which started in a garage and now, nearly a quarter of a century later, new research from Mintel reveals that almost nine in ten (86%) Brits are Amazon users/shoppers*. Highlighting the ongoing popularity of the retail giant, according to Mintel, more Amazon shoppers have increased their shopping (21%) with the retailer than decreased it (13%) over the past year. Overall, most (70%) Amazon customers shop with the retailer at least once a month, while just under a fifth (17%) use the retailer on a weekly basis.
In terms of what’s in the basket, hardcopy media (books, DVDs or video games) (39%) remains Amazon’s most popular purchases. This is followed by electricals (30%), fashion/jewellery (30%), and toys (20%). An impressive 45% of ...
British Foodservice Industry Falls as Consumers Increasingly Prefer ‘Off-Premise’ Dining Options
Based on recent NPD research, after reaching its peak of 11.35 billion visits in 2017, we’re expecting the out-of-home or eat-out foodservice market will fall over the next two years in Britain. The pressures affecting on-premise eating and drinking is a big theme in British foodservice. The old habit of going shopping and finding a place to sit down is waning as more people shop online and opt for faster and more convenient ways of dining.
All of the meaningful growth in foodservice will be ‘off-premise’, which is where the industry will address the decline on the high street. The modest growth in the large takeaway and grab ‘n’ go channel, supported by the continuing delivery revolution, is enough to provide a significant majority of the growth in spend over the next two years for the entire British foodservice industry ...
BFREPA Finds Gross Imbalance in Egg Supply Contracts
The British Free Range Egg Producers Association is seeking to reform supply contracts between farmers and packers after lawyers found terms of agreements are grossly imbalanced in favour of buyers.A team of legal experts from Birketts LLP examined contracts provided by producers and found numerous areas requiring improvement.They include pricing and payment terms – which vary massively between agreements – and termination which, in some cases, is weighted entirely towards packers.BFREPA chief executive Robert Gooch has today opened up a dialog with 41 packers outlining the organisation’s areas of concern and asking for ...
Rabobank: The EU May Export Less Pork to the UK after Brexit
The UK has a sizable pork production shortage. To address this shortage, the UK has increased production and imports around 1m tonnes carcass weight (cwt) annually from EU member states. With the EU’s estimated self-sufficiency rate of nearly 112%, approximately 2.6m tonnes cwt of pork needs to be exported outside the EU in 2018 to balance local supply and demand. After Brexit, EU self-sufficiency could grow to 120%. Consequently, in the future EU-27, pork processors will need to work harder to secure opportunities for exporting pork meat and by-products that are not consumed within the EU. In the short-term, increasing Chinese demand will probably compensate for any loss of access to the UK market.
UK production on an increasing trend since 2010
The UK has a large pork production shortage; only half of national demand is covered by...
Vaccine Shows Promise Against Widespread Chicken Disease
A new vaccine strategy could offer protection to millions of chickens threatened by a serious respiratory disease, research shows.
Infectious bronchitis virus is highly contagious and responsible for major economic losses to the poultry industry worldwide.
Infected chickens experience weight loss, decreased egg production and impaired egg quality. They are also left vulnerable to other diseases.
Current vaccines protect against some strains of the virus, but not others. Experts say these failures are possibly linked to differences in the spike protein – the protein which enables the virus to attach to and enter cells – between strains of the virus...
USMEF Statement on Upcoming Trade Negotiations with Japan, EU and UK
U.S. Trade Representative Robert Lighthizer has notified Congress that the Trump administration intends to negotiate three separate trade agreements with Japan, the European Union and the United Kingdom. U.S. Meat Export Federation (USMEF) President and CEO Dan Halstrom issued the following statement:
“USMEF’s membership, which includes all sectors of the U.S. red meat supply chain, commends the Trump administration for its decision to move forward on trade negotiations with these key trading partners. Global demand for U.S. pork, beef and lamb is strong and exports are on the rise, but we must have a level playing field for this growth to continue. This is a critical step toward reducing tariffs and other trade barriers – especially in Japan, which is our leading value market for red meat exports. The importance and urgency of the U.S.-Japan trade negotiations cannot be overstated. Japan is...
Trade News Has Pork Producers Feeling Optimistic
News on the trade front is getting better for U.S. pork producers as the Trump administration announced it wants to negotiate trade agreements with the European Union, Japan and the United Kingdom. The National Pork Producers Council commended the administration for its ambitious trade agenda.
The administration recently updated agreements with Canada and Mexico and with South Korea that maintained the U.S. pork industry’s zero-tariff access to those important markets, three of the top five destinations for U.S. pork exports.
“We’ve got the momentum on trade headed in the right direction now,” said NPPC President Jim Heimerl, a pork producer from Johnstown, Ohio. “Producers are hurting because...
BFREPA to Launch Model Contract to Ensure Fairness and Restore Confidence to Free Range Egg Producers
The British Free Range Egg Producers Association is to create a model supply contract for its members to use with packers to ensure fairness and confidence throughout the sector.
Speaking at the organisation’s annual conference in Coventry today BFREPA Chief Executive Robert Gooch said many of the contracts he had seen from producers “aren’t worth the paper they are written on”.
Mr Gooch asked BFREPA members to send him copies of their contracts so terms could be assessed by specialist contract lawyers.
With new entrants building their first sheds and existing businesses expanding, Mr Gooch said it was vital all producers had rock-solid agreements in place...
Target Introduces Food and Beverage Brand
This Week in Retail: Prepare for Pre-Season Protein Demand
Walmart Releases Q2 FY20 Earnings
Oregon Passes Cage-Free Egg Law
Smithfield Foods Launches Plant-Based Protein Portfolio Under Pure Farmland Brand
URNER BARRY INDICES