Kroger Reiterates Its Commitment to Lower Prices and Initiates New $7.5B Share Buyback Program

The Kroger Co. today terminated its merger agreement with Albertsons after the U.S. District Court for the District of Oregon granted the Federal Trade Commission's request for a preliminary injunction to block the proposed merger. After reviewing options, the company determined it is no longer in its best interests to pursue the merger.

"Kroger is moving forward from a position of strength. Our go-to-market strategy provides exceptional value and unique omnichannel experiences to our customers which powers...

Mar-Jac Poultry to Establish $25 Million Transload Facility in Perry County, Mississippi

Mar-Jac Poultry, a leading poultry producer in the Southeast, is announcing the construction of a new transload facility in Perry County, Mississippi. This $25 million investment will create 21 new jobs with competitive salaries, further solidifying the company's commitment to supporting local communities.

Strategically located at the Perry County Industrial Park in New Augusta, the facility will leverage the county's existing rail infrastructure to transport essential feed ingredients such as grain, corn, and soybean meal. This efficient transportation...

Meatable Welcomes Strategic Investment From Betagro, a Leading Meat Industry Company

Meatable, the pioneering cultivated meat technology company dedicated to creating sustainable, real meat without harming animals, is excited to announce a strategic investment from Betagro Ventures, the corporate venture capital arm of one of Asia’s most prominent food companies based in Thailand. This partnership is a landmark achievement as Betagro becomes the first meat company in Asia to invest in Meatable, highlighting its commitment to innovative, sustainable food solutions. It reinforces Meatable’s mission to reshape the future of protein production as global...

Low Production Costs Boost Brazil Meat Exports - SIAVS

Strong international demand for Brazilian meat has been driven by low production costs and most recently, by the Real’s 10% devaluation, according to traders at SIAVS, Brazil’s largest animal protein event. In 2022, Brazil had the lowest production costs of pork in the world at an average of US $1.20/kg for live pig, according to InterPIG.

Brazilian agricultural productivity grew by over 2% from 1971 to 2015, surpassing the global average of 1-2%. This growth is attributed to reforms in funding and pricing policies, subsidy cuts, and rural...

Colombian Government Considers $5 Mln Investment in Agricultural Bio-Inputs Plant

The Colombian government is studying a potential USD $5 million investment to construct a public agricultural bio-inputs plant, based on information disclosed by the Ministry of Agriculture to Blu Radio.

This initiative forms part of Colombia's broader strategy to enhance its agricultural infrastructure and comes amidst escalating costs for key agricultural inputs such as urea, which have seen historical price surges due to global market fluctuations influenced by the Ukraine conflict.

The proposed plant aims to develop a range of products essential for local agricultural operations...

Mitsui Investing in Leading Indian Poultry Producer Sneha Farms

Japan’s Mitsui & Co., Ltd. is investing an undisclosed amount in integrated Indian poultry producer Sneha Farms Pvt. Ltd, one of India's leading companies in terms of production volume.

Sneha is based in Hyderabad, Telangana state. Established in 1982, the company employs approximately 5,500 staff. Its business units include feed manufacturing, broiler production, meat processing and packing, transportation, and retail. Its poultry processing plant has a 12,000 birds/hour capacity. The company also has five hatcheries.

Sneha Farms Private Limited operates six feed mills across the states of Telangana... 

Freddy's Frozen Custard & Steakburgers Drives Expansion Through Recent Reinvestment 

Fast-casual restaurant concept Freddy's announced today the signing of several multi-unit development agreements to further expand the brand's nationwide footprint. The growth will be led by seasoned franchisees in Freddy's existing system, bringing more than 30 new restaurants to target markets within New Mexico, Texas, Idaho, Arkansas, Oklahoma, Missouri, and Arizona. This announcement comes on the heels of a historic year of development for Freddy's, as the brand unveiled 62 new restaurants across the nation, including its 500th location...