Food and Agriculture

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Drinks companies gear up for recovery

CHICAGO (Reuters) - The world's biggest spirits groups such as Britain's Diageo Plc and U.S.-based Fortune Brands Inc are ramping up spending ahead of an anticipated pick-up in global demand.

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Ethanol fortunes in limbo as E15 ruling looms

CHICAGO (Reuters) - The U.S. ethanol sector has been on the road to recovery since a calamitous 2008, but the once soaring industry appears to have hit a plateau amid a glut of supply and a murky demand picture, analysts said at the Reuters Food and Agriculture Summit in Chicago.

Organic foods finding a niche, but that's all

CHICAGO (Reuters) - The wave of organic packaged foods may have crested at mainstream retailers.

Food stock pickers bet on international prospects

CHICAGO (Reuters) - When it comes to investing, food and agriculture experts believe that many sector stocks have run their course and are placing bets on companies with room for international expansion.

U.S. meat trade should not count on China, Russia

CHICAGO (Reuters) - U.S. meat companies have banked on exports to China and Russia for growth for two decades, but political tensions and efforts in those countries to boost domestic production may cap that revenue source.

Restaurant, grocery price hikes offset by deals

CHICAGO (Reuters) - Grocers and restaurant operators will raise prices in 2010 as commodity costs rise, but most of the increases are likely to be given right back to consumers as "special" discounts and coupons.

Fortune Brands to boost marketing

CHICAGO (Reuters) - Fortune Brands Inc plans to ramp up marketing spending in its spirits business more than 10 percent to better position it ahead of a consumer recovery.

Organic food sales a tough slog in China

BEIJING (Reuters) - Beijing Organic and Beyond Corp Chairman Zhang Xiangdong has a shoe leather approach to organic fruit and vegetable sales in China's capital that is a lesson for any firm trying to enter the world's biggest food market.

U.S. food industry seen primed for deals in 2010

CHICAGO (Reuters) - The U.S. food industry is in store for a smorgasbord of mergers and acquisitions as companies look to gain more revenue and earnings growth and new, innovative products.

Molson Coors sees itself as buyer

CHICAGO (Reuters) - Molson Coors Brewing Co sees itself as a buyer of brands in the near future, but the maker of Molson Canadian and Coors Light beers is aware that the threat of being taken over is always there.

For food industry leaders, farm experience key

CHICAGO (Reuters) - Top food and agricultural industry executives say getting their hands dirty by planting crops or raising livestock in their younger days has proved invaluable in informing their current jobs.

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