Top 10 Stories from 2024 on Expana

It was a big year for the food and agriculture industry. Below are some of the biggest headlines that sent shockwaves through the trade... 

ANALYSIS: US Egg Prices Soar as Production Hits Eight-Year Low Due to HPAI Outbreaks 

May 30, 2024: “Over the past two weeks, U.S. shell egg prices have soared by 45%, largely due to the ongoing spread of Highly Pathogenic Avian Influenza (HPAI), more commonly known as bird flu. The bird flu has been spreading across the US since February 2022—though not consistently..."

Butterfly Acquires the Duckhorn Portfolio of Wines for $1.95 Billion

On Christmas Eve, the Los Angeles-based Butterfly Equity acquired a Californian wine maker known as the Duckhorn Portfolio, according to a media alert. The all-cash deal valued Duckhorn at $11.10 per share or approximately $1.95 billion.

Duckhorn encompasses 2,200 acres of vineyards throughout California, Oregon, and Washington state. The company sells brands like Decoy, Sonoma-Cutrer, Postmark, and more. Originally, Duckhorn Vineyards started in 1976 as a family-owned company founded in Napa Valley. Today, their wines are available throughout the US...

Introducing IFMA The Food Away from Home Association

After decades of branding itself the International Foodservice Manufacturers Association (IFMA), a new identity for the 72-year-old organization was revealed today – “IFMA The Food Away from Home Association.”

Announced this morning at the organization’s Presidents Conference, the change was prompted by the association’s recent long-term strategic planning that included intensive self-examination and taking a clear-eyed look at the state of the industry...