Summit Notebook

Will growth in the food industry spur inflation?

March 12, 2010

Food and agriculture companies, having weathered the global economic meltdown, are now facing the prospects that renewed growth will spur renewed inflation.
With costs poised to rise for commodities like wheat and already high for items like sugar and cocoa, packaged foods makers face the task of trying to preserve profits at a time while retailers and consumers are balking at price increases.
Trade battles over U.S. meat and regulatory issues like a tax on soft drinks and push for more accurate disclosure of calories and fat on restaurant boards and food package are also concerns for the industry.

from Shop Talk:

Food shortage + financial crisis = bleak outlook

March 19, 2009

The global economic meltdown has the World Bank on high alert.
 
As the financial crisis deepens, the World Bank is issuing even bleaker warnings about rising poverty and hunger in the developing world.  Initially, it estimated that 46 million people in developing countries could be pushed into poverty.  Now, that level is up another 7 million.

Feeding America’s six degrees of separation

March 17, 2009

While the six degrees game is tied to Kevin Bacon, connections to other celebrities are helping a major charity.

How much for the bag of magic (soy)beans?

March 17, 2009

The weakening of the U.S. dollar and other currencies has led farmers around the world to value their crops more highly than they do money, said Dan Basse, president of agricultural research firm AgResource Co

Not for all the tea in China

March 17, 2009

Sara Lee Chief Executive Brenda Barnes is looking to expand the reach of the food maker.    But one thing she isn’t looking to do is sell tea in China.

from LEGACY Reuters Summits:

Food & Funds: Double dose of summits coverage this week

March 16, 2009

This week we've got a double dose of stories for you with both the Food Summit taking place in Chicago and the Funds Summit kicking off Tuesday in Luxembourg. Both summits come at a time when both sectors are in the spotlight. For food, one key question will be: How will cash-strapped consumers spend their hard earned cash if the current economic environment continues to deteriorate. We spent last week putting together a few stories ahead of the Food and Agriculture Summit.