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Hormel CEO to Retire, Company Reveals

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Ess Seshat
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Hormel Foods Corp., based in Austin, Minnesota, has announced that its chairman, president, and chief executive officer James Snee will be retiring at the end of 2025. The company has already begun the search for a new CEO to succeed Snee, with a search committee formed by the board of directors. The successor will be chosen through Hormel’s current CEO-succession process, with both internal and external candidates being considered.

Once a successor is named, Snee will transition into a role as a strategic adviser to the board until the end of fiscal 2025 and for an additional 18 months thereafter. He will also remain a candidate for election to the board at Hormel’s 2025 shareholders meeting on January 28. If elected, he will serve as a director until his successor is appointed to take over his executive roles. Snee, who has been with Hormel for 36 years, has been CEO since October 2016 and chairman since October 2017, making him only the 10th president and CEO in the company’s history.

In a statement, Snee expressed his gratitude for the opportunity to lead Hormel Foods over the past eight years, highlighting the accomplishments and innovations made during his tenure. He credited the talented and committed team at Hormel for the company’s success and expressed confidence in the future of the organization as he prepares for retirement.

During Snee’s time as CEO, Hormel expanded its portfolio of protein-focused brands through strategic acquisitions in various segments, including the Planters snack portfolio, the Fontanini branded foodservice business, and the Ceratti brand in South America. He also led the reorganization of Hormel’s operating model to enhance consumer and customer focus and launched the Transform & Modernize growth initiative.

Snee’s career at Hormel began in 1989, and he held various roles within the company before being appointed CEO. He took on leadership positions in company divisions and at the global headquarters, eventually becoming president and chief operating officer in 2015 before assuming the role of CEO in 2016 and chairman in 2017.

Bill Newlands, independent lead director for Hormel’s board, expressed the board’s gratitude for Snee’s dedication and congratulated him on his impactful career. The board looks forward to working with Snee in the coming months to ensure a smooth transition and continue to drive the company’s business imperatives.

With sales in over 80 countries, Hormel reported total sales of $11.92 billion in fiscal 2024 and expects organic net sales growth of 1% to 3% for fiscal 2025. The company’s brand lineup includes popular names such as Hormel, Planters, Skippy, Spam, Natural Choice, Applegate, and Jennie-O, among others.

As Hormel Foods prepares for a leadership transition, the company remains focused on its mission of delivering high-quality food products to consumers worldwide. The search for a new CEO to succeed James Snee marks an important milestone in the company’s history, and Hormel is committed to selecting a qualified and capable leader to guide the organization into the future.

Raising funds for Kidsbase by selling cucumbers for €50 each.

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Ess Seshat
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Kompany, a prominent Dutch agricultural company, recently kicked off the Dutch season by selling their first harvested cucumbers at auction at ZON. The bidding started with Rob Linders of Linders Fruit & Vegetables, who made a generous bid of €50 per cucumber. The box containing 12 cucumbers was sold for a total of €600, with all proceeds going to charity.

The recipient of this charitable donation is Kidzbase, an organization dedicated to supporting children in need. Kompany has a strong commitment to giving back to the community, especially when it comes to projects that directly benefit young people. To further amplify the impact of their donation, Kompany has decided to match the amount raised, bringing the total donation to €1,200 for Kidzbase to continue their important work.

A special thank you was extended to Rob Linders for his generous support of the charity. His efforts not only made the sale of the first batch of Dutch cucumbers a special event but also demonstrated his commitment to giving back to those in need.

For more information about Kompany and their charitable initiatives, you can contact them at +31 077 30 30 731 or visit their website at www.kompany.nl.

Publication date: Tue 14 Jan 2025

In addition, Kompany is also running a banner campaign to promote their products. You can find more information about their banner ads on their website.

Overall, Kompany’s initiative to donate the proceeds from their cucumber sales to Kidzbase is a testament to their commitment to making a positive impact on the community. Their generosity and support for charitable causes are commendable, and we look forward to seeing the positive outcomes of their donation to Kidzbase.

Port strike risk averted, trans-Pacific shipping rates stabilize

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Ess Seshat
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The recent threat of a longshore strike at East and Gulf Coast ports has dissipated, bringing stability to trans-Pacific ocean container rates to the United States, at least for the time being. According to Judah Levine, head of research for analyst Freightos, the frontloading that occurred ahead of the possible January strike had initially kept North America container rates elevated into November, but as the strike deadline approached, it no longer influenced rates.

As of the week ending January 10, the Freightos Baltic Index reported that Asia-U.S. West Coast rates remained steady at $5,924 per forty-foot equivalent unit, while Asia-U.S. East Coast prices dropped by 1% to $6,898 per FEU. Levine noted that although trans-Pacific prices to both coasts were unchanged the previous week, rates had seen a significant increase at the start of the month due to rising demand leading up to the Lunar New Year holiday, which begins on January 29. Asia-West Coast prices had climbed by 52% compared to late December, reaching the $6,000 per FEU level, with East Coast rates experiencing a 30% gain to about $7,000 per FEU.

Similar stability was observed in the Asia-Europe-Mediterranean lanes, with Asia-North Europe rates increasing by 1% to $5,640 per FEU and Asia-Mediterranean prices also rising by 1% to $5,685 per FEU. Levine attributed the early start of Lunar New Year demand for Asia-Europe and Mediterranean shippers to longer lead times from Red Sea diversions. Rates had surged by about 60% from early November to December, stabilizing at around $5,500 per FEU, but daily rates were already showing signs of easing by the following week.

Reports of certain carriers planning to lower prices to approximately $4,000 per FEU indicated an early conclusion to the Lunar New Year rush and diminished expectations for the usual post-holiday spike in rates. Levine suggested that Asia-Europe prices might fall back to the Red Sea crisis-era floor of $3,000-$4,000 per FEU seen during low-demand periods last year. However, he predicted that trans-Pacific rates might not decline as significantly once Lunar New Year demand subsides, as frontloading in anticipation of U.S. tariff increases could be sustaining higher volumes than usual in the first quarter. The National Retail Federation projected a 10% increase in January volumes compared to the previous year, further supporting this notion.

Looking ahead, it is important for industry stakeholders to monitor these trends closely and prepare for potential shifts in rates and demand. By staying informed and adapting strategies accordingly, businesses can navigate the complex landscape of global shipping with greater agility and resilience.

For more insights and analysis by Stuart Chirls, visit Freightwaves for additional articles. Related coverage includes updates on the Port of Los Angeles, Cosco’s latest financial performance, and the EPA’s investment in a New Orleans container port project. Stay informed and stay ahead in the dynamic world of international trade and logistics.

Future of Indian biotech company Aquaconnect in 2025: Acquisitions and IPO on the horizon

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Ess Seshat
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In 2024, the company made a significant leap into the global market with the introduction of an international sourcing platform. This strategic move not only expanded the company’s reach beyond its domestic borders but also positioned it as a key player in the global marketplace.

The decision to go global was driven by the company’s commitment to innovation and growth. By launching an international sourcing platform, the company aimed to connect with suppliers and partners from around the world, tapping into new markets and opportunities for collaboration. This move not only helped the company diversify its supply chain but also allowed it to access a wider range of products and services to meet the needs of its customers.

The launch of the international sourcing platform marked a significant milestone in the company’s journey towards global expansion. It represented a shift in focus towards building a more interconnected and dynamic supply chain that could support the company’s growth and development on a global scale. By leveraging technology and digital tools, the company was able to streamline its sourcing processes, improve efficiency, and enhance collaboration with partners across different geographies.

One of the key benefits of the international sourcing platform was the ability to access a larger pool of suppliers and partners from around the world. This enabled the company to source high-quality products and services at competitive prices, ultimately improving its competitiveness in the global marketplace. By diversifying its supplier base, the company was also able to reduce risks associated with dependence on a single source of supply, ensuring continuity of operations and mitigating potential disruptions.

Furthermore, the international sourcing platform allowed the company to enhance its product offerings and expand its range of services to meet the evolving needs of its customers. By collaborating with suppliers and partners from different regions, the company was able to access a diverse range of products and services, enabling it to offer a more comprehensive and competitive portfolio to its customers. This not only helped the company attract new customers but also retain existing ones by providing them with a wider selection of options to choose from.

In addition to expanding its product offerings, the international sourcing platform also facilitated greater innovation and creativity within the company. By working with suppliers and partners from different cultural backgrounds and industries, the company was able to leverage diverse perspectives and expertise to drive innovation and develop new solutions to meet market demands. This collaborative approach not only fostered a culture of creativity and continuous improvement within the company but also positioned it as a leader in innovation in the global marketplace.

Overall, the launch of the international sourcing platform in 2024 was a defining moment for the company as it embarked on its journey towards global expansion. By embracing digital technology and leveraging its network of suppliers and partners from around the world, the company was able to strengthen its supply chain, enhance its product offerings, and drive innovation to meet the needs of its customers on a global scale. This strategic move not only positioned the company as a key player in the global marketplace but also set the stage for future growth and success in the years to come.

Hormel Foods CEO James Snee to step down at the conclusion of the fiscal year

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Ess Seshat
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Hormel Foods CEO, Jim Snee, has announced his retirement from the company at the end of the current fiscal year. Snee, who has been with Hormel for over thirty years and has served as the CEO for the past eight years, will step down from his position to make way for new leadership.

Hormel Foods, known for its iconic brands like Spam and Skippy peanut butter, has initiated a search for a new CEO. The company has formed a search committee and is considering both internal and external candidates for the role. Once a new CEO is appointed, Snee will transition into a strategic advisor role to the company’s board until the end of fiscal year 2025.

Reflecting on his time at Hormel, Snee expressed pride in the accomplishments and innovations achieved during his tenure. He stated, “I am proud of the impactful, innovative, and transformational work we have accomplished during my tenure, which has been a period of rapid and significant change.” Snee also expressed confidence in the company’s future as it moves forward with a new leader at the helm.

The Board of Directors at Hormel, led by Bill Newlands, extended their gratitude to Snee for his dedication to the company, its employees, and its stakeholders. They commended him on his impactful career and expressed their commitment to a smooth transition process.

Despite the upcoming leadership change, Hormel Foods remains optimistic about its outlook for the 2025 fiscal year. In the 2024 financial year, the company reported a slight decline in net sales but an increase in net earnings. This performance was influenced by various factors, including lower commodity prices and production disruptions at a facility in Virginia.

Over the years, under Snee’s leadership, Hormel Foods has made significant corporate moves, including acquisitions and partnerships to drive growth and innovation. These include the acquisition of Kraft Heinz’s Planters snack-nut business, partnerships to develop plant-based protein products, and the acquisition of local meat businesses like Sadler’s Smokehouse.

In 2019, Hormel made its first foray into the plant-based market with the acquisition of meat-alternative brand Happy Little Plants. These strategic initiatives have positioned Hormel Foods as a leader in the food industry, adapting to changing consumer preferences and market trends.

As Hormel Foods prepares for a new chapter with a change in leadership, the company remains committed to its mission of delivering high-quality products and driving innovation in the food industry. The transition process will be carefully managed to ensure continuity and the pursuit of business imperatives.

Future Payment Trends in 2025: Artificial Intelligence, ISO20022, and Beyond

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Ess Seshat
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The payments industry is constantly evolving, with technological advancements, regulatory changes, and market trends shaping its future. As we look ahead to the next 12 months, it is crucial to understand the key trends that will influence the payments landscape in 2025.

2024 was a transformative year for many industries, marked by geopolitical instability, economic shifts, and the increasing prevalence of AI technology. These developments have set the stage for significant changes in the payments industry, with a focus on integrating AI into various aspects of payments to enhance security, efficiency, and personalization.

One of the key trends that will shape the payments industry in the next year is the increasing adoption of AI-powered innovation. AI technology has the potential to revolutionize the industry by enhancing security measures, improving fraud detection, and providing personalized experiences for clients. By leveraging AI tools, financial institutions can analyze transaction data in real-time to identify potential risks and streamline their processes.

Another trend to watch for in 2025 is the push for more accessibility through modernization. With the development of integrated payment solutions and technological advancements, small and medium enterprises (SMEs) are gaining access to secure and automated payment tools previously only available to larger corporations. This democratization of payment systems is reducing barriers to entry and leveling the playing field for businesses of all sizes.

Payments speeding up is a prevailing trend in the industry, with real-time payments becoming the norm. Instant payment rails, such as India’s Unified Payments Interface and Brazil’s Pix, are making payments faster and more convenient within jurisdictions. The implementation of regulations, such as the European Central Bank’s Instant Payments Regulation, is driving the adoption of real-time payments and improving liquidity management for businesses.

Cross-border payments are also undergoing significant changes, with a focus on making international transfers more affordable, secure, and efficient. Payment providers are exploring solutions to simplify cross-border transactions, such as expanding real-time payment networks and leveraging technology to mitigate security risks. By standardizing processes and enhancing data collection through initiatives like the ISO20022 revolution, the industry is poised to streamline cross-border payments and drive integration across institutions and jurisdictions.

In conclusion, the payments industry is on the cusp of major transformations in 2025. From the integration of AI technology to the push for faster and more accessible payment systems, the next 12 months will shape the future of payments in profound ways. By staying ahead of these trends and embracing innovation, financial institutions can position themselves for success in an evolving industry landscape.

ABPA reports decrease in Brazilian turkey exports in 2024

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Ess Seshat
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In 2024, Brazilian exports of turkey meat experienced a decline in volume compared to the previous year, according to data from the Brazilian Animal Protein Association (ABPA). The total exports of turkey meat for the year amounted to 64.1 thousand tons, which was 8.1% lower than the volume in 2023, which stood at 69.8 thousand tons. The revenue from these shipments also saw a decrease, reaching US$ 153.9 million, representing a 23.4% decrease from the US$ 201 million recorded in 2023.

The main destination for Brazil’s turkey meat exports in 2024 was Mexico, with 9.8 thousand tons, marking a 39% decrease from the previous year. Following Mexico were South Africa with 9.5 thousand tons (a 27% decrease), the Netherlands with 8.6 thousand tons (a 20% decrease), Chile with 7 thousand tons (a 56% increase), and Peru with 2.8 thousand tons (a 36% decrease).

Ricardo Santin, the president of ABPA, commented on the performance of both the turkey and duck sectors, noting that together they contributed US$ 165 million in foreign exchange revenues to the country. He expressed optimism for the future, stating that there are positive expectations for the flow of shipments in 2025, particularly to Europe and the Middle East.

These movements in the export volume of turkey meat highlight the dynamic nature of the global poultry industry and the importance of monitoring market trends and consumer preferences. As Brazil seeks to maintain its position as a key player in the international poultry market, it will be crucial for industry stakeholders to adapt to changing demands and explore new opportunities for growth and expansion.

The data presented by ABPA serves as a valuable resource for industry professionals, policymakers, and investors seeking to gain insights into the performance of the Brazilian poultry sector and make informed decisions about future strategies and investments. By staying informed and proactive in responding to market dynamics, stakeholders can position themselves for success in an increasingly competitive and evolving global poultry market.

In conclusion, the decrease in export volume of turkey meat in 2024 underscores the need for industry players to remain agile and responsive to changing market conditions. With strategic planning and a focus on innovation and diversification, Brazil’s poultry sector can continue to thrive and contribute significantly to the country’s economy. By leveraging data and insights from organizations like ABPA, stakeholders can navigate challenges and capitalize on opportunities to drive sustainable growth and competitiveness in the global poultry market.

The importance of holistic sustainability in dairy farming

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Holistic sustainability strategies are crucial for dairy farming as the industry looks to reduce its carbon footprint and improve efficiency. Emma McAvoy from Kite Consulting emphasizes the importance of taking a whole-farm approach to tackle emissions and enhance profitability.

Dairy producers have a range of tools at their disposal to address farm emissions, such as improving soil health, managing manure, reducing chemical fertilizer usage, and enhancing animal health. McAvoy highlights the significance of focusing on carbon emissions and implementing strategies that not only benefit the environment but also boost farm profitability.

One key step for farmers is to conduct a carbon audit to measure and manage their carbon footprint. By understanding the impact of their operations, farmers can make informed decisions to reduce emissions and improve sustainability. McAvoy notes that many British dairies have already undergone carbon audits, but the challenge lies in interpreting and acting on the results.

Investing in soil health is another critical area for dairy farmers. Resilient soils can sequester more carbon, increase crop yields, and improve water retention. Additionally, nutrition plays a vital role in sustainability, with nutrition companies incorporating carbon footprints into rationing programs. This allows farmers to make informed decisions about their herd’s diet and its environmental impact.

While sustainability improvements can be costly, they are necessary for the long-term viability of dairy farming. From trialing methane-reducing feed additives to investing in slurry storage improvements, producers may face financial challenges in implementing sustainable practices. McAvoy emphasizes the need for a balanced approach that considers both environmental and economic sustainability.

Reducing reliance on synthetic fertilizers while maintaining crop cover is essential for improving efficiency without compromising soil health. McAvoy stresses the importance of a whole-farm approach that considers various elements to achieve sustainability goals. Implementing new technologies, such as feed additives, may come with challenges and costs, but they are essential for driving innovation in the industry.

As the dairy sector navigates the complexities of sustainability, McAvoy encourages farmers to focus on win-win solutions and avoid getting caught up in a “carbon tunnel vision.” By investing in areas like soil health and infrastructure to mitigate climate impacts, farmers can ensure the long-term sustainability of their operations.

In conclusion, sustainability in dairy farming is not just about environmental conservation but also about ensuring the business’s longevity. By adopting holistic strategies, measuring carbon footprints, and making informed decisions, dairy producers can enhance their profitability while reducing their environmental impact. As the industry evolves, it is essential for farmers to prioritize sustainability to secure a sustainable future for dairy farming. In today’s fast-paced business environment, effective communication is essential for success. Whether it’s communicating with clients, colleagues, or employees, clear and concise communication is key to building strong relationships and achieving business objectives.

One of the most important aspects of communication in business is active listening. This means fully concentrating on what is being said rather than just passively hearing the words. By actively listening, you demonstrate respect for the speaker and show that you value their opinion. This can help to improve trust and rapport with clients and colleagues, leading to more successful business relationships.

In addition to active listening, effective communication in business also involves being able to clearly articulate your thoughts and ideas. This means using language that is easy to understand and avoiding jargon or technical language that may confuse others. By communicating clearly and concisely, you can ensure that your message is understood and that there is no room for misinterpretation.

Another important aspect of communication in business is the ability to adapt your communication style to different audiences. This means being able to communicate effectively with people from different backgrounds, cultures, and levels of expertise. By tailoring your communication style to the needs of your audience, you can ensure that your message is received in the way it was intended.

In addition to verbal communication, nonverbal communication also plays a crucial role in business interactions. This includes body language, facial expressions, and tone of voice. By paying attention to these nonverbal cues, you can better understand the emotions and intentions of others, leading to more effective communication and stronger relationships.

In today’s digital age, technology has also become an important tool for communication in business. Email, instant messaging, video conferencing, and social media are just a few of the ways that technology has revolutionized the way we communicate with others. While these tools can be convenient and efficient, it’s important to remember that they are no substitute for face-to-face communication. Building relationships and trust with clients and colleagues often requires personal interaction and human connection.

Effective communication in business also involves being able to give and receive feedback in a constructive manner. This means providing feedback that is specific, timely, and focused on behavior rather than personal attributes. By giving feedback that is constructive and actionable, you can help others improve their performance and contribute to the overall success of the business.

In addition to giving feedback, being able to receive feedback is also an important skill in business communication. By being open to feedback and willing to listen to the perspectives of others, you can gain valuable insights into your own strengths and weaknesses and make improvements where necessary. This can help you grow and develop as a professional and contribute to the success of your team and organization.

Overall, effective communication is a critical skill for success in business. By actively listening, communicating clearly and concisely, adapting your communication style to different audiences, paying attention to nonverbal cues, leveraging technology, and giving and receiving feedback, you can build strong relationships, achieve business objectives, and contribute to the overall success of your organization. By honing your communication skills and continuously striving to improve, you can set yourself apart as a valuable asset in today’s competitive business world.

ReposiTrak and Upshop collaborate on traceability solution

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ReposiTrak, the world’s largest food traceability network, and Upshop, a leading food retail operations platform, have joined forces in a strategic partnership to offer an end-to-end traceability solution. This collaboration aims to streamline communication between suppliers and retailers by merging ReposiTrak’s extensive supply chain data with Upshop’s retail store operations platform.

Mark Hawthorne, Upshop’s chief innovation and strategy officer, emphasized the importance of having accurate lot code data from each shipment captured at the retail store to ensure traceability. He noted that ReposiTrak’s expertise in managing supply chain data, coupled with Upshop’s retail technology, will enable the delivery of a comprehensive traceability solution.

The partnership between ReposiTrak and Upshop brings several key benefits to the table. Firstly, it leverages ReposiTrak’s network of thousands of suppliers and their traceability shipment data, along with Upshop’s network of over 450 retailers and their retail stores. This collaboration enables the creation and storage of complete traceability records that meet the requirements of the FDA’s Food Safety Modernization Act Section 204d (FSMA 204). Additionally, it unlocks opportunities for margin and growth in stores by connecting supply chain data with store data to optimize inventory, labor, and customer experience management automation.

Hawthorne highlighted the compounding benefits of traceability data, including improved food safety, reduced invoice discrepancies, and enhanced operational efficiencies throughout the store. The timing of this partnership is crucial for the food retail industry, as suppliers and retailers have just one year left to address the upcoming FSMA 204 mandate by January 20, 2026.

Randy Fields, chairman and CEO of ReposiTrak, emphasized the strength of the partnership in streamlining traceability data management and connectivity for retailers and their suppliers. He noted that the collaboration simplifies the traceability requirements without adding additional steps to the check-in process or requiring the retooling of legacy systems.

This strategic partnership is a significant development for Upshop, following its merger with Invafresh in July 2024. The combined expertise of ReposiTrak and Upshop positions them as leaders in providing comprehensive traceability solutions for the food retail industry.

In conclusion, the collaboration between ReposiTrak and Upshop marks a major step forward in enhancing traceability and communication within the food supply chain. By leveraging their respective strengths in supply chain data management and retail technology, the partnership aims to streamline traceability processes and help retailers and suppliers meet regulatory requirements effectively. With the deadline for the FSMA 204 mandate approaching, this partnership comes at a crucial time for the industry, offering a comprehensive solution to address traceability challenges and drive operational efficiencies in stores.

Molson Coors contributes $100,000 to help California Wildfire relief efforts

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Molson Coors Beverage Co., based in Chicago, recently announced a generous donation of $100,000 to support first responders and service industry workers in Southern California who have been affected by the devastating wildfires in the area. This contribution will be allocated to various initiatives, including the California Restaurant Foundation’s Restaurant Care program, aimed at providing financial assistance to bar and restaurant employees in the Los Angeles area who have been impacted by the fires. Molson Coors will be recognized as a founding sponsor of this grant program, highlighting their commitment to helping those in need during times of crisis.

Michael Nordman, senior manager of community affairs for Molson Coors, expressed the company’s dedication to supporting local businesses and their employees during such challenging times. He emphasized Molson Coors’ commitment to assisting the service industry workers who have been evacuated or affected by the wildfires raging across Southern California. The California Restaurant Foundation, a nonprofit organization that has been aiding food and beverage workers in the state since 1981, has launched a temporary fund through its Restaurants Care mission to provide emergency relief grants to those impacted by the wildfires. Molson Coors responded to the foundation’s call for corporate donors to contribute to this initiative, showcasing their commitment to helping the community in times of need.

In addition to their donation to the California Restaurant Foundation, Molson Coors is also supporting the California Fire Foundation’s Wildfire & Disaster Relief Fund through their Blue Run Spirits and Coors Banquet brands. Coors Banquet has a longstanding history of supporting wildland firefighters through their Protect Our Protectors program, which has raised over $2.5 million for firefighting causes over the past decade. This continued commitment to supporting those on the front lines of emergency response underscores Molson Coors’ dedication to giving back to the community.

Furthermore, Molson Coors’ ZOA Energy brand has partnered with beverage incubator LA Libations to donate nearly 15,000 cans of their better-for-you (BFY) energy drink to Los Angeles first responders. This collaborative effort, supported by Reyes Beverage Group through a donation match and in-kind product contributions, aims to provide essential energy and support to those working tirelessly to combat the wildfires in the region. By joining forces with like-minded partners, Molson Coors is able to maximize their impact and provide much-needed assistance to those on the front lines of emergency response efforts.

The generosity and commitment demonstrated by Molson Coors in supporting first responders and service industry workers in Southern California during this challenging time is commendable. Through their financial contributions and partnerships with organizations like the California Restaurant Foundation and the California Fire Foundation, Molson Coors is making a tangible difference in the lives of those affected by the wildfires. By leveraging their resources and collaborating with other industry leaders, Molson Coors is able to amplify their impact and provide vital support to those in need. This philanthropic commitment underscores Molson Coors’ dedication to corporate social responsibility and their commitment to giving back to the communities they serve.

Eurobarometer study indicates significant backing for the Common Agricultural Policy

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A recent survey has unveiled a notable appreciation for farmers among European Union (EU) citizens, showcasing strong support for the EU’s common agricultural policy (CAP). According to the latest Eurobarometer survey, public awareness and endorsement of the CAP have reached record levels, with 78% of respondents indicating awareness of the EU’s agricultural policies. This newfound understanding highlights the essential role that EU agricultural policies play in providing safe, healthy, and sustainable food of high quality to its citizens.

The survey indicates that over 70% of respondents believe that the CAP effectively fulfills its mission of ensuring a stable food supply, sustainable management of natural resources, and promoting research and digital solutions in the agriculture and food sectors. Furthermore, citizens recognize the CAP’s contributions to boosting investments, creating jobs, combating climate change, and maintaining reasonable food prices. The support for the CAP extends to reducing regional disparities and encouraging young individuals to pursue careers in the agricultural sector.

The appreciation for farmers is evident in the survey results, with 92% of respondents acknowledging the importance of agriculture and rural areas for the future of the EU. A significant number (56%) believe that the level of EU financial support provided to farmers is appropriate, reflecting a ten-percentage-point increase from previous years. Additionally, nearly nine in ten respondents support the continuation of subsidy payments to farmers for adopting environmentally friendly agricultural practices. The survey also highlights the recognition of agriculture’s role in combating climate change, with 62% of respondents acknowledging its significant contribution in this area.

Respondents expressed key priorities and expectations for the EU’s agricultural policies, emphasizing the importance of securing a stable food supply, ensuring reasonable food prices, sustainable resource management, and strengthening the farmers’ position in the food chain. EU trade agreements are perceived positively by a large majority of Europeans, with 76% believing that these agreements diversify markets and enhance the supply of agricultural products in the EU.

The survey results underscore the growing awareness and support for the EU’s common agricultural policy among EU citizens, highlighting the crucial role that agricultural policies play in ensuring food security, promoting sustainability, and supporting the agricultural sector. The survey reflects a positive sentiment towards farmers and their contributions to the EU’s food supply chain, emphasizing the importance of continued support and investment in the agricultural sector to address key challenges such as climate change and food security.

In conclusion, the survey findings demonstrate a strong appreciation for farmers and the EU’s common agricultural policy among EU citizens, signaling a growing understanding of the importance of sustainable agriculture, food security, and rural development. The results also highlight the need for continued support and investment in the agricultural sector to address current and future challenges, emphasizing the role of EU agricultural policies in meeting the needs and expectations of its citizens.

Pair admits to animal mistreatment, fined $2000 each

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A couple from Kallista, located east of Melbourne, recently appeared in the Wonthaggi Magistrates’ Court where they pleaded guilty to animal cruelty offences under the Prevention of Cruelty to Animals Act 1986 (POCTA). Nicole and Frank Pytellek were both fined $2000 each without conviction for their actions.

The charges against the couple stemmed from neglecting to supervise and prevent access to a boggy area on their property in Toora, which resulted in unnecessary pain and suffering to a heifer that was stuck up to its neck in mud. In addition, they were also found guilty of failing to comply with a Notice to Comply (NTC) and aggravated cruelty in relation to a steer with a large eye cancer.

The Magistrate emphasized that it was the responsibility of the Pytelleks to ensure the safety, health, and well-being of the animals under their care. The severity of the offences was underscored by the vulnerability of the animals involved.

Agriculture Victoria Compliance Manager, Daniel Bode, highlighted that the Pytelleks were absentee owners and the individuals in charge of a mob of approximately 32 cattle. Following a complaint, Agriculture Victoria officers visited the property in September 2023.

During their inspection, officers found a steer in extremely poor condition with a significant eye cancer that had not been treated despite the issuance of an NTC. Additionally, a heifer was discovered completely bogged in a dam with no preventative measures in place to restrict livestock access to the area. Both animals had to be euthanized to prevent further suffering.

Mr. Bode stressed that apart from the obvious pain and suffering inflicted on the animals, breaches of animal welfare standards could tarnish Victoria’s reputation as a humane and responsible producer of food. This could have detrimental effects on all producers in the region.

To report specific concerns regarding livestock welfare, individuals can contact Agriculture Victoria at 136 186 or via email at aw.complaint@agriculture.vic.gov.au.

In conclusion, the case of Nicole and Frank Pytellek serves as a sobering reminder of the importance of upholding animal welfare standards and the consequences of failing to do so. It underscores the need for diligence and responsibility in caring for animals and the potential impact of such actions on the reputation of the agricultural industry as a whole.

USDA completes regulation for tournament system

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The U.S Department of Agriculture has recently announced the finalization of a rule that aims to limit poultry integrators from paying reduced rates to producers through tournament ranking systems, while still allowing for bonuses to be given. This rule, which was initially proposed in June and was released in its final form on Tuesday, is set to take effect on July 1, 2026. The objective of this regulation is to ensure fair and transparent compensation for broiler growers, limit excessively variable compensation, and provide growers with key information when upgrades are requested.

Agriculture Secretary Tom Vilsack emphasized that this rule is intended to create a more balanced and fair tournament system, where producers have the opportunity to earn bonuses without being penalized. The rule will also provide producers with additional input on their responsibilities and a better understanding of the integrators’ obligations concerning input requirements. Vilsack highlighted the importance of establishing a level playing field for producers and integrators alike.

The impetus behind the prohibition on deductions based on the tournament system stemmed from a 2023 settlement between the Justice Department and major poultry processors, such as Cargill and Wayne-Sanderson Farms. The settlement was in response to a lawsuit brought by the Justice Department and mandated that tournaments can only account for up to 25% of the total compensation. This concept was also a key component of the settlement agreement.

This rule represents the third Packers and Stockyards Act rulemaking finalized by the USDA during the Biden administration. The first rule requires poultry integrators to disclose average gross payments over a five-year period, along with other pertinent information to growers. The second rule prohibits packers and contractors from taking discriminatory actions based on a producer’s personal characteristics.

While a fourth rule was proposed by the agency last September to further define unfair practices under the Packers and Stockyards Act, it was ultimately withdrawn due to the complexity and time required for finalization. Vilsack explained that the decision to withdraw the rule was made in light of the practical challenges involved in completing the regulatory process.

Addressing concerns about potential rollbacks of the finalized tournament system rule by future administrations, Vilsack pointed to the provisions outlined in the DOJ settlement as evidence of support for the rule. He expressed confidence that the rule would foster a fair market for both producers and integrators, citing the agreement reached by one of the largest entities engaged in a tournament system.

Vilsack anticipates that farmer groups will express support for the rule, as it addresses many of the concerns raised by producers who seek a level playing field in the industry. The goal is not to tilt the field in favor of any particular group but to ensure that all participants have an equitable opportunity to succeed.

In conclusion, the finalization of this rule represents a significant step towards promoting fairness and transparency in the poultry industry. By establishing clear guidelines for compensation and limiting variability in the tournament system, the USDA aims to create a more equitable market for producers and integrators. For more updates on agricultural news, visit www.agri-pulse.com.

Bibby Marine chooses a new location for the construction of an electric CSOV vessel.

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Ess Seshat
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Bibby Marine, a UK-based shipowner, has recently announced a new partnership with shipbuilder Armon in Spain for the construction of their electric commissioning service operation vessel (eCSOV). This decision comes after the project timelines with Gondan Shipbuilders could not be met, leading to a shift in shipyards for the innovative newbuild.

Originally, the contract for the eCSOV was awarded to Gondan Shipbuilders in Asturias, with a planned delivery in 2026. However, due to unforeseen delays, the project has been transferred to Armon, with an updated delivery date set for 2027. The eCSOV is set to be the world’s first truly zero-emission vessel, with the ability to operate solely on battery power for a full day of operations and equipped with dual-fuel methanol engines.

Nigel Quinn, the chief executive at Bibby Marine, expressed excitement about the collaboration with Armon, stating, “We are thrilled to be working alongside our new partners, Armon, and move to the next stage of our project. The delivery of this vessel will bring our clean vision to life, confident it will mean significant advancements to our industry.”

This strategic partnership between Bibby Marine and Armon signifies a commitment to sustainability and innovation in the maritime industry. By prioritizing zero-emission technology and clean energy solutions, Bibby Marine is setting a new standard for environmentally-friendly vessel operations.

The eCSOV project represents a significant step forward in the industry’s transition towards greener and more sustainable practices. With the incorporation of advanced technologies and alternative fuel sources, this vessel is poised to make a positive impact on reducing greenhouse gas emissions and mitigating environmental impact.

The decision to switch shipbuilders demonstrates Bibby Marine’s dedication to maintaining project timelines and ensuring the successful completion of the eCSOV. By partnering with Armon, a reputable shipyard with a track record of excellence in shipbuilding, Bibby Marine is leveraging expertise and resources to bring their clean energy vision to fruition.

As the world’s first truly zero-emission eCSOV, this newbuild has the potential to revolutionize the way maritime operations are conducted. By prioritizing sustainability and environmental stewardship, Bibby Marine is leading the way towards a more eco-friendly and responsible maritime industry.

The collaboration between Bibby Marine and Armon highlights the importance of partnerships and collaboration in driving innovation and progress in the maritime sector. By working together towards a common goal of sustainability and efficiency, these two companies are paving the way for a cleaner and more sustainable future for the industry.

In conclusion, the partnership between Bibby Marine and Armon for the construction of the eCSOV represents a significant milestone in the maritime industry’s journey towards sustainability and clean energy. By prioritizing zero-emission technology and innovative solutions, Bibby Marine is setting a new standard for environmentally-friendly vessel operations and driving positive change in the industry. The collaboration between these two companies underscores the power of partnership and collaboration in driving progress and innovation in the maritime sector.

Trade agreement increasing grape exports from Chile

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Ess Seshat
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The recent tentative labor deal reached by the US Maritime Alliance (USMX) and the International Longshoremen’s Association (ILA) has had a significant impact on Chilean grape exports, providing a sense of relief to exporters. This agreement has averted a potential strike at East Coast ports, which could have disrupted shipments during the peak of Chile’s grape export season.

Chilean grape exporters have expressed their appreciation for the resolution of this longstanding labor dispute, as it ensures the smooth functioning of ports that are crucial for their trade with the US market. The avoidance of a strike on January 15 has alleviated concerns within the industry, with shipping companies now able to continue their operations without disruptions.

The timing of this agreement is particularly beneficial as Chile’s grape harvest is currently 5% higher this season, thanks to favorable growing conditions and new vines coming into production. Exporters have already started shipping early grape varieties such as Sweet Celebration and Cotton Candy, with reports of high quality and excellent fruit sizes.

Despite the potential challenges posed by China’s fluctuating demand, the US market remains a stable and profitable destination for Chilean grape exports. With the continued flow of goods through East Coast ports, exporters can maintain competitive prices and meet tight schedules without costly delays. This is crucial for perishable goods like fresh fruit, where timeliness is essential to ensure product quality.

The strong demand for Chilean grapes in the US market is reflected in the stable prices and uninterrupted movement of goods. Major retailers are already making plans for the season, and exporters are confident that they can achieve pricing levels similar to or slightly higher than last year. The high quality of this year’s crop further supports this optimism, as consumers continue to show a preference for premium fruit.

The charts provided by Agronometrics offer valuable insights into the market trends for grape prices and volumes, sourced from USDA Market News. These visualizations showcase the historical data and provide a comprehensive overview of the market dynamics that influence grape exports. Users can access live updates of these charts on Agronometrics’ platform, enabling them to stay informed about the latest developments in the industry.

In conclusion, the tentative labor agreement between USMX and ILA has had a positive impact on Chilean grape exports, ensuring a smooth and uninterrupted flow of goods to the US market. This agreement has provided stability and confidence to exporters, allowing them to navigate the challenges of the global market with greater certainty. With strong demand, competitive prices, and high-quality produce, Chilean grape exporters are well-positioned to capitalize on the opportunities presented by the US market.

Food prices in Russia hit all-time highs in a span of two years

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Ess Seshat
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Food prices in Russia have recently reached record levels, marking the highest increase in the past two years. Reports indicate that resources are being diverted towards military spending, contributing to the surge in food prices. According to data from Rosstat, the annual increase in food prices has escalated to 10.9%, the highest rate since November 2022.

Despite efforts by the Central Bank to curb inflation through interest rate hikes and the government’s attempts to regulate prices through retail chains, inflation in Russia continues to accelerate. The consumer price index rose by 0.35% during December 10–16, pushing annual inflation to 9.52%, the highest since January 2023.

The key driver of this inflation trend is food prices. Potato prices have skyrocketed by 88.8% since the beginning of the year due to adverse weather conditions such as frost, floods, and heat waves, which destroyed 20% of the crop, equivalent to 1.6 million tons. Onion prices have risen by 45.4%, cabbage prices by 40.3%, and beet prices by 30.8%. Carrot prices have increased by 14.1%, and apple prices by 18.4% since January.

The report highlights that inflation is spiraling out of control, with prices failing to stabilize and instead accelerating further. The diversion of industrial and economic resources towards military production, such as tanks and bombs, is exacerbating the situation. Additionally, the narrowing opportunities for imports due to sanctions and payment challenges are further complicating efforts to combat inflation.

As reported by biz.nv.ua, the current situation in Russia underscores the urgent need for decisive action to address the rising food prices. The challenges posed by external factors such as weather conditions and geopolitical tensions require a comprehensive strategy to stabilize the economy and ensure food security for the population.

In conclusion, the record levels of food prices in Russia reflect a complex interplay of domestic and international factors. Addressing the root causes of inflation will require a coordinated effort from government authorities, financial institutions, and other stakeholders to mitigate the impact on consumers and ensure economic stability in the long term.

Published on: Tue 14 Jan 2025

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This article was sourced from: biz.nv.ua

Join and subscribe to become a member

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As we welcome the new year of 2025, we invite you to consider subscribing to our website to stay informed about the latest news impacting the fishing industry. For just R40 a month, which is often less than the cost of your daily coffee, you can access a wealth of valuable information that can help you stay ahead of the curve in this ever-evolving industry.

We understand that the idea of paying for news content may not be appealing to everyone, especially in a world where free information is readily available. However, we believe that investing in quality journalism is crucial for staying informed and making well-informed decisions in your business.

By subscribing to our website, you will gain access to exclusive articles, in-depth analysis, and expert opinions on a wide range of topics related to the fishing industry. Whether you are a fisherman, a seafood retailer, a fisheries manager, or just someone with a keen interest in the ocean, our content is tailored to meet your informational needs.

Our team of experienced journalists and industry experts work tirelessly to bring you the most relevant and up-to-date news from the fishing world. From regulatory changes and market trends to environmental issues and technological advancements, we cover it all to ensure that you are well-informed and prepared for whatever challenges lie ahead.

In addition to our news coverage, our website also offers a variety of resources and tools to help you navigate the complexities of the fishing industry. Whether you are looking for market reports, industry insights, or networking opportunities, our platform provides everything you need to succeed in this competitive field.

As we head into the new year, it is more important than ever to stay informed and connected with the latest developments in the fishing industry. By subscribing to our website, you can rest assured that you are getting accurate and reliable information that can help you make sound decisions for your business.

So why wait? Take advantage of this opportunity to subscribe to our website today and start reaping the benefits of being a well-informed member of the fishing community. For just R40 a month, you can access a wealth of valuable content that can help you stay ahead of the competition and achieve success in this dynamic industry.

Thank you for considering our website as your go-to source for fishing industry news. We look forward to welcoming you as a valued subscriber and helping you navigate the ever-changing waters of the fishing world in 2025 and beyond. Happy New Year!

CPG News Update for the Week of 01/13/25

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In the world of consumer packaged goods (CPG), exciting developments are always on the horizon. This week, several brands have made significant strides in expanding their reach, launching new products, and making strategic moves in the market. Let’s dive into the latest updates from the CPG industry.

Retail Rollouts: 🛒

Fancypants, founded by Maura Duggan, has made a big splash by landing in 198 The Fresh Market locations. With their delicious cookie flavors like Chocolate Chip, Oatmeal Raisin, and Salted Caramel now available in more stores across the East and Midwest coasts, Fancypants continues to grow its presence in the market. This expansion marks a significant milestone for the brand, which is now accessible in over 2,500 stores nationwide.

Mid-Day Squares Expansion: 🍪

Co-founded by Jake Karls, Lezlie Karls, and Nick Saltarelli, Mid-Day Squares has ventured into 43 Costco warehouses in Eastern Canada. With plans to further expand into 28 additional locations in Western Canada, the brand is looking to replicate its previous success at Costco. Known for its functional chocolate bars, Mid-Day Squares aims to cater to a wider consumer base with its nutritious and delicious offerings.

Rviita’s Costco Debut: 🥤

Rviita, founded by Mitch and Karly Jacobsen, has introduced its energy drink variety pack to select Costco locations in Alberta and Saskatchewan. This move reflects the brand’s growth from a small-scale startup in Calgary to a prominent player in the beverage industry. With a focus on providing consumers with a natural energy boost, Rviita continues to make waves in the market.

Crafty Counter’s WunderEggs Launch: 🥚

Crafty Counter, led by Hema Reddy, has launched WunderEggs, an innovative plant-based egg alternative, at 1,600 Albertsons locations. This move addresses the increasing demand for sustainable and cholesterol-free egg options among consumers. By offering a healthy and environmentally friendly alternative, Crafty Counter is staying true to its commitment to providing wholesome food choices.

No Days Wasted Expansion: 💊

Nishal Kumar’s No Days Wasted brand has expanded into 16 Body Energy Club stores in Vancouver, offering customers science-backed solutions for celebration recovery and hydration. With products like the DHM Blend and Hydration Replenisher, No Days Wasted continues to provide effective solutions for consumers looking to recover and replenish after a night out.

Koia Elite Launch: 🥤

Koia, co-founded by Maya French, Dustin Baker, and Christopher Hunter, has introduced Koia Elite, a high-protein plant-based shake, exclusively at Whole Foods Market. With 32g of protein, avocado oil, and gut-friendly fiber, Koia Elite caters to the growing demand for protein-rich, clean-label beverages among health-conscious consumers.

Supernatural’s Clean-Label Frosting: 🎂

Supernatural, founded by Carmel Hagen, is gearing up to launch a vegan, dye-free buttercream frosting this spring. Featuring healthy fats and allergen-friendly ingredients, this new product provides a natural alternative to traditional frosting. With a focus on clean-label ingredients, Supernatural aims to meet the needs of consumers seeking healthier dessert options.

Simple Mills Joins Flowers Foods: 🌾

In a significant move, Simple Mills, founded by Katlin Smith, has joined Flowers Foods as an independent subsidiary for $795 million. This partnership aims to expand distribution, drive product innovation, and further Simple Mills’ mission of reimagining food with wholesome ingredients. This strategic acquisition sets the stage for continued growth and success for the brand.

Apologue’s New Production Facility: 🏢

Apologue Spirits, founded by Jordan Tepper, has completed its new production facility in Chicago after 1,110 days of planning and construction. This state-of-the-art facility will serve as a hub for innovation and growth in the craft beverage sector, positioning Apologue for future success and expansion.

Every Body Eat’s Seed Oil Free Certification: 🧀

Every Body Eat, co-founded by Trish Thomas and Nichole Wilson, has earned the Seed Oil Free certification, leading the way in clean and transparent snacking. With snacks free from seed oils, allergens, and artificial ingredients, Every Body Eat is committed to providing transparent and healthy snack options for consumers.

This Week in CPG showcases the dynamic and innovative nature of the industry, with brands making bold moves and introducing exciting products to meet consumer demands. Stay tuned for more updates and developments in the world of consumer packaged goods!

If you have any exciting news or updates to share in the CPG industry, feel free to submit your story here.

For more information and the latest updates, visit Foodbevy.

Laurie Spradley appointed as president of Goo Goo Cluster

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Ess Seshat
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Goo Goo Cluster, the iconic Southern candy brand, proudly introduces Laurie Spradley as its new president. With a background in business administration from the University of Mississippi and experience in visual marketing in New York City, Laurie brings a unique perspective and expertise to her new role. Having joined the company in 2017 as VP of operations and brand development, Laurie has demonstrated exceptional leadership and vision, making her the ideal candidate to lead the executive team, oversee daily operations, and drive the brand’s continued growth.

Former president Jimmy Spradley commends Laurie for her passion and dedication to the brand, stating, “Her leadership and commitment to Goo Goo Cluster have been instrumental in the company’s success. Laurie’s appointment as president signifies the next chapter in the brand’s evolution and continued legacy.”

Founded in 1912 by Howard Campbell Sr. and Porter Moore of Nashville’s Standard Candy Company, Goo Goo Cluster revolutionized the candy industry with America’s first combination candy bar. The confection, which featured caramel, marshmallow nougat, roasted peanuts, and real milk chocolate, set a new standard for candy bars by mass-producing multiple elements in a single treat. The Spradley family acquired Standard Candy Company in 1982, ensuring the continuation of the Goo Goo Cluster legacy while expanding its presence beyond Nashville.

Throughout her tenure at Goo Goo Cluster, Laurie has played a pivotal role in the company’s growth and success. She has spearheaded product line expansion, overseen the multi-million-dollar renovation of the downtown storefront, and enhanced the brand’s visibility and reputation. Under Laurie’s leadership, Goo Goo Cluster has remained a beloved Southern tradition and a symbol of innovative confections.

In addition to her professional accomplishments, Laurie is deeply committed to upholding the values and traditions of Goo Goo Cluster. Her strategic vision and collaborative approach have strengthened relationships with customers, partners, and stakeholders, ensuring the brand’s continued relevance and appeal in the marketplace. As president, Laurie will continue to lead Goo Goo Cluster on a path of sustained growth and innovation, while honoring the brand’s rich history and heritage.

As Goo Goo Cluster embarks on this new chapter with Laurie at the helm, the company remains dedicated to delivering high-quality, delicious confections that capture the essence of Southern hospitality and charm. With Laurie’s leadership and vision, Goo Goo Cluster is poised to build upon its legacy and solidify its position as a cherished and iconic brand in the candy industry.

For more information about Goo Goo Cluster and its latest collaborations and offerings, visit their website at https://www.snackandbakery.com/keywords/14008-goo-goo-clusters.

Emerson introduces the AVENTICS DS1 Dew Point Sensor

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Ess Seshat
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Emerson, a global leader in technology and engineering solutions, has recently introduced the AVENTICS DS1 dew point sensor. This advanced sensor is designed to monitor dew point, temperature, humidity levels, and the quality of compressed air and other non-corrosive gases in real time from a single device.

The AVENTICS DS1 dew point sensor is a critical tool for operators looking to detect and mitigate excess moisture in its early stages. By identifying and addressing moisture issues promptly, operators can prevent moisture-related equipment damage, optimize air quality, extend the life of pneumatic components, ensure regulatory compliance, and reduce maintenance and unplanned downtime.

Manuel Goerbert, the product marketing manager of discrete sensors at Emerson, emphasizes the importance of maintaining high-quality compressed air in manufacturing processes. He states, “By having greater certainty about compressed air quality and control over moisture levels in compressed air lines, manufacturers of all kinds can prevent a number of common condensate-related issues and their associated costs.”

The AVENTICS DS1 dew point sensor offers operators the ability to detect changes in air quality in real time with a single device, enabling them to quickly make necessary adjustments to optimize production and enhance overall process reliability. This proactive approach to air quality management can significantly improve operational efficiency and reduce the risk of downtime.

In line with industrial digital transformation strategies, the DS1 dew point sensor seamlessly integrates into existing systems, including the AVENTICS Series AS3 and AVENTICS Series 652 air preparation units. Furthermore, it can connect to networks via Modbus TCP (PoE), providing operators with enhanced monitoring and control capabilities.

One of the key features of the AVENTICS DS1 dew point sensor is its condensation-resistant sensor element, which ensures long-term, drift-proof performance. The sensor provides a comprehensive range of measurement values, including pressure dew point, temperature, relative humidity, absolute humidity, moisture content, moisture content V/V, water vapor partial pressure, and atmospheric dew point.

Moreover, the DS1 dew point sensor is versatile and suitable for monitoring other non-corrosive gases such as nitrogen, oxygen, argon, helium, and sulfur hexafluoride. This broad compatibility makes it a valuable tool for a wide range of industrial applications where precise monitoring of gas quality is essential.

Overall, the AVENTICS DS1 dew point sensor from Emerson offers a reliable and efficient solution for monitoring and controlling air quality in industrial settings. By leveraging the capabilities of this advanced sensor, operators can proactively manage moisture levels, optimize production processes, and improve overall operational efficiency. With its integration capabilities and comprehensive measurement values, the DS1 dew point sensor is a valuable asset for industries seeking to enhance their quality control and regulatory compliance efforts.

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