U.S. retail food prices rose faster than the general inflation rate in 2011 and are projected to do so again in 2012, says the U.S. Department of Agriculture (USDA) in a recently released report. The baseline projections offer a glimpse into what’s likely to happen to the prices we pay at the supermarket.
The U.S. restaurant industry anticipates another year of disappointing growth while c-stores, which have focused more on quality food and beverage offerings, will most likely see an increase in traffic, says a survey by business-advisory firm AlixPartners LLP.
Orville Redenbacher’s Pop Up Bowl for popcorn was a top winner in the 2012 FPA Flexible Packaging Achievement Awards. Chosen from 86 entries in 126 competition categories, the winners include 25 packages that received 31 Achievement Awards for packaging excellence, printing achievement, technical innovation, and environmental and sustainability achievement.
Kellogg leaps at buying the Pringles chip brand from Procter & Gamble for $2.7 billion after a sale with Diamond Foods was sidetracked by Diamond’s accounting troubles and a management shakeup.
President Obama is asking for a 17% boost to the U.S. Food and Drug Administration's (FDA) budget for fiscal year 2013. Most of the increase would come from increasing industry fees, says the budget request released by the Administration.
Cupcakes continue to lure consumers, and it may not be a fad. Some 669.4 million of the treats were sold from October 2010 to October 2011, according to the market research firm NPD. It’s an enduring love affair.