August 22, 2017
Leading the headlines today is word from
Smithfield Foods that it will build a new distribution center and expand
its blast cell cold storage capabilities at its processing facility in Tar
Heel, North Carolina. Smithfield will invest $100 million and add
approximately 250 new jobs to bring both projects to life. In addition to
the new positions, additional employment opportunities will also be
available within Smithfield's logistics partner.
In other news,
Walmart and a
group of food giants are teaming up with IBM to explore how to apply
blockchain technology, also known as distributed ledger tech, to their
food supply chains. The coalition includes retailers and food
companies such as Unilever, Nestlé , and Dole (dole). They will be aiming
to use blockchains, a technology that made its name as the basis of the
cryptocurrency Bitcoin, to maintain secure digital records and improve the
traceability of their foodstuffs, like chicken, chocolate, and bananas.
The United States has requested a
Organization panel be set up to investigate Chinese tariff-rate quotas
(TRQ) for agricultural products, the WTO said on Monday, setting up a
showdown between the two largest economies. The row, which includes
tariffs for wheat, rice, and corn, was initiated under the Obama
administration which sought consultations on Dec. 15, but now the Trump
administration has moved ahead with a formal request.
Two of 114
egg samples tested in Italy have shown traces of the insecticide fipronil,
Italy's health ministry said Monday, making the country the latest to
become embroiled in a Europe-wide scandal. The ministry did not specify
where the insecticide traces were found. The samples came from Italian and
imported eggs or from food containing eggs. Fipronil is commonly used to
get rid of fleas, lice and ticks from animals but the European Union has
banned its use in the food industry.
leapfrogged upmarket Waitrose in Britain's competitive food retail market,
industry data showed on Tuesday, a sign that cash-strapped shoppers
are still having to count their pennies. Lidl and rival German discounter
Aldi have steadily cut into the market shares of Britain's big four
supermarket chains - leader Tesco, Sainsbury's, Asda and Morrisons - with
aggressive store openings fuelling their sales growth.
Back in the
conditions in the 18 major producing states held even with the previous
week in the latest Crop Progress report with 62% of the crop rated in
good to excellent condition. That is down from a 75% combined rating a
Maryland state and local dignitaries joined descendants of chicken
business and advertising icon Frank Perdue to celebrate the 100th
anniversary of the Perdue family farmhouse and its inclusion in the
Maryland Inventory of Historic Properties. The farmhouse, which is part of
the company’s logo and located across the street from the corporate
offices of Perdue Farms, was built in 1917 by Arthur W. Perdue. Three
years later, he founded on his family farm what would become Maryland’s
third-largest company and the country’s most famous brand of chicken.
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