Archives for January 31, 2012

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Industry groups urge federal funding for food safety

By Caroline Scott-Thomas

An industry coalition led by the American Frozen Foods Institute (AFFI) has urged the Obama administration to adequately fund food safety initiatives, without levying extra taxes or industry fees.

ADM profits shrink 89% on higher corn costs

By Caroline Scott-Thomas

Grain processing giant Archer Daniels Midland (ADM) has seen its second quarter profit shrink 89% on higher corn costs and lower oilseed earnings, although sales have grown, the company said on Tuesday.