Diet disconnect? US adults overestimate quality of their diet, research says
US adults struggle and often overestimate the quality of their diet, according to recent research from the USDA's Agricultural Research Service.
Archives for June 21, 2022
Soaring butter prices put dairy market and retail prices under pressure, report finds
High milk prices are having a down stream effect on other dairy products with the price of retail butter outpacing nearly all other consumer goods, according to a dairy market analysis by CoBank.
General Mills holds firm in face of recession threat: ‘It’s not really a time to pull back’
While some industry players are reining in spending to build-up reserves in case of a recession, General Mills is taking the opposite tack – choosing to double down on investments and explore acquisitions that could help it stay ahead of the competition...
Kellogg breaks out snack business to create 3 companies, earning investor accolades
The Kellogg Company’s unexpected announcement Tuesday to split its snack and cereal empire into three independent, public companies “to better position each business to unlock its full potential” tears a page from Kraft Foods’ playbook ten years ago when...
Mondelēz’s snack bar biz tips $1bn with Clif Bar & Company acquisition
The Oreo, belVita and Lus biscuit producer has agreed to acquire organic energy bar maker Clif Bar & Company for $2.9bn, which will expand its global snack bar business to more than $1bn.