General Mills maintained its annual sales and profit forecasts on Wednesday, as the Cheerios maker grapples with rising economic uncertainty and softer demand in key markets, including North America.
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Tag Archives food prices
General Mills keeps annual outlook as North America demand softens
World food prices at two-year high on rising meat and edible oils, FAO says
World food commodity prices rose in July to their highest in over two years, as a jump for vegetable oils and record levels for meat outweighed falling cereal, dairy and sugar prices, the United Nations' Food and Agriculture Organization said.
Foodgrains Bank sounds alarm on slow progress in addressing global hunger
Number of people facing hunger fell in 2024, but war and food costs continue to drive insecurity
The number of hungry people in the world declined in 2024 for the first time since the COVID-19 pandemic, according to a recent UN report, but progess has been too slow says the Canadian Foodgrains Bank.
World food prices tick higher in June, led by meat and vegetable oils
Global food commodity prices edged higher in June, supported by higher meat, vegetable oil and dairy prices, the United Nations' Food and Agriculture Organization said on Friday.
Strong year predicted for Canadian dairy products, meat processors expect squeeze
It's projected to be a strong year for dairy product makers, while meat product manufacturers' margins may be squeezed as rising prices fail to offset higher input costs, Farm Credit Canada (FCC) said in its new Food and Beverage Report.
Canadian pork consumption saw sharp drop in 2024
Reduced demand a challenge for an industry facing U.S. tariffs and recovering from recent low revenue years
Pork consumption in Canada dropped sharply in 2024 as price inflation reduced its appeal as a budget-friendly protein, Farm Credit Canada said in a recent report.
McDonald’s posts biggest US sales decline in nearly five years
International sales rise, driven by Middle East and Japan
McDonald's posted a steeper-than-expected drop in quarterly U.S. comparable sales on Monday, as demand took a hit from a brief E.coli outbreak while diners remained watchful of their spending.
Competitive retail prices bode well for chicken demand in 2025 says FCC
Demand projected to grow despite slowing or even shrinking Canadian population
If chicken’s retail price advantage over beef and pork persists, per capita consumption could rise in 2025 despite slowing population growth says a recent sector outlook from Farm Credit Canada.
World food price index eases in Dec, pushed lower by sugar
The United Nations' world food price index dipped in December against November levels, led lower by a drop in international sugar quotations, but still showed a robust gain year-on-year, data showed on Friday.
Conagra trims profit forecast as higher inflation, promotions to dent margins
Conagra Brands on Thursday joined rival General Mills in trimming its annual profit forecast and warning that price cuts on its products across grocery, snacks and frozen food items to spark demand will weigh on margins.
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