This week in food and ag
Five food and ag stories to remember this week:
1. PepsiCo introduces USDA-certified organic Gatorade. PepsiCo has launched organic Gatorade, and may expand into “America’s growing natural food movement” reports Jennifer Kaplan in Bloomberg. Bottles of strawberry, lemon and mixed-berry “G Organic” are being sold at select Kroger locations. The roll out will extend to grocery and convenience stores in the coming weeks. G Organic will cost about 50 cents more per bottle than classic Gatorade.
2. Bimbo Bakeries issues recall for Entenmann’s treats. Pennsylvania snack company Bimbo Bakeries has voluntarily recalled several products due to the presence of pieces of plastic. An advisory posted by the FDA lists Entenmann’s Little Bites Fudge Brownies 5-pack, Little Bites Chocolate Chip Muffins 5-pack and 10-pack, and Little Bites Variety, a 20 -pack of fudge brownies, chocolate chip muffins and blueberry muffins.
3. Campbell Soup Co. reported a quarterly loss this week as the fresh food division’s sales declined. Campbell’s financial report released Thursday revealed that the Campbell Fresh team’s poor sales figures contributed to an $81 million loss for the quarter. Campbell Fresh sales fell 12 percent and its operating revenue dropped 62 percent in Q4. The results were due in part to a recall of 3.8 million bottles of protein drinks and a decline in carrot sales, but CEO Denise Morrison said the fault lied with “execution issues” with the fresh foods division.
4. Losses to Louisiana ag industry from flooding top $110 million. The initial cost of flooding to Louisiana’s agriculture industry is an estimated $110 million. Officials from the LSU AgCenter, developed the estimates and anticipate the cost will continue to rise. The Greater Baton Rouge Business Journal reports that soybeans lost an estimated $46 million. Rice was the second hardest-hit commodity, losing and $33 million.
5. The agriculture industry could greatly reduce future carbon emissions. A new report by ICH International has found that farming techniques can play a significant role in reducing greenhouse gas emissions in the future, reports Farm Futures. Monsanto contracted ICF to identify methods for reducing GHGs in agriculture. ICF concluded that “widespread adoption of recommended practices could potentially result in more than 100 million metric tons of carbon dioxide-equivalent emissions reductions in the United States alone.”