Potatoes modified for reduced bruising and black spots, and for lower levels of a chemical linked to health risks in baked spuds or fries, have picked up federal approvals. The plant science arm of U.S. potato giant J.R. Simplot announced Monday its first-generation Innate Gen. 1 potato varieties have passed food and feed safety assessments […] Read more
Potatoes
Canada clears Simplot’s spot-resistant GM potato
Australia, Indonesia renew push for trade deal
Sydney | Reuters — Australia and Indonesia on Wednesday said they would formally resume long-stalled negotiations aimed at sealing a bilateral trade agreement between the often uneasy neighbours within 18 months. Australian Trade Minister Steven Ciobo and Indonesian Trade Minister Thomas Trikasih Lembong said in a joint statement talks would resume in May after a […] Read more
U.S. Senate blocks bill that would override state GMO labeling laws
Reuters — The U.S. Senate on Wednesday blocked a bill that would nullify state and local efforts to require food makers to label products made with genetically modified organisms (GMOs) as the industry races to stop Vermont’s law from taking effect on July 1. The proposed legislation from Republican Senator Pat Roberts of Kansas comes […] Read more
Liberals pressed on PACA pledge for produce growers
The federal opposition New Democrats have cherry-picked a Liberal election promise to fruit and vegetable growers seeking insurance against U.S. and Canadian buyers who dodge their bills. Tracey Ramsey, the NDP’s international trade critic and MP for the southwestern Ontario riding of Essex, on Tuesday tabled a motion in the Commons for Canada to set […] Read more
U.S. ag secretary calls for mandatory GMO label
Legislation to avoid a patchwork of state laws on labeling of genetically modified (GMO) foods should make such labels mandatory, U.S. Agriculture Secretary Tom Vilsack told farmers in New Orleans Friday. Vilsack’s remarks at the Commodity Classic, a U.S. farmers’ trade show and multi-group convention, come as the U.S. Senate agriculture committee sends its proposal […] Read more
Ritchie Bros. buys Mascus online equipment sites
The Canadian operators of the world’s biggest equipment auctioneer have bought worldwide online equipment listing service Mascus. Burnaby, B.C.-based Ritchie Bros. announced Friday it has bought 100 per cent of the equity in Amsterdam-based Mascus for 24 million euros (C$36.8 million), plus up to 3.4 million euros (C$5.2 million) more, pending certain performance targets being […] Read more
DuPont, Dow set home towns for merged spinoff units
Reuters — DuPont and Dow Chemical said two of the three units to be created and spun off following the companies’ mega-merger will be based in DuPont’s home town, and one in Dow’s home town. The two chemical companies agreed to combine in an all-stock merger in December, valued at US$130 billion at the time, […] Read more
Burger King, Tim’s owner says 2016 off to ‘great start’
Reuters — Restaurant Brands International said it was off to a “great start” this year, after new product launches at its Burger King and Tim Hortons chains in 2015 helped boost sales in a highly competitive market. Shares of the Ontario-based company, which reported a better-than-expected quarterly profit on Tuesday, rose as much as nine […] Read more
Year-over-year same-store sales climb for A+W
Canadian burger-and-root beer chain A+W’s recent moves to boost the profile of its ingredients in a crowded quick-service playing field has pushed its sales past the billion-dollar mark in 2015. The A+W Revenue Royalties Income Fund on Friday reported net income of $21.32 million on $1.061 billion in reported sales from the 814 restaurants in […] Read more
McDonald’s sales beat as all-day breakfast a hit
Reuters — McDonald’s Corp. reported better-than-expected quarterly same-restaurant sales as the launch of all-day breakfasts proved to be a hit with diners in the U.S. and demand continued to recover in China. The world’s biggest restaurant chain’s shares jumped 3.4 per cent in premarket trading on Monday. McDonald’s introduced all-day breakfasts in October in the […] Read more
Cyber-Savvy Farmer
