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Tag: Corn

Hershey acquires two popcorn manufacturing plants to revitalize its SkinnyPop popcorn brand 

USA- American chocolate manufacturer, Hershey, has acquired two popcorn manufacturing plants from Weaver Popcorn Manufacturing to set itself to tap into “increasing” consumer demand for snacks. Hershey made this strategic acquisition to strengthen its SkinnyPop popcorn brand, bought from Amplify Snack for US$1.6bn in 2017 and currently co-manufactured by Pennsylvania Indiana-based Weaver. “Our acquisition of Weaver’s two facilities is a…

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Brazil’s 7 MMT estimated rice yield lowest in 25 years as drought persists: USDA

BRAZIL- Brazil could produce its lowest rice crop in 25 years in the marketing year 2022/23 at 7 million metric tons (MMT), according to a Global Agricultural Information Network report from the Foreign Agricultural Service (FAS) of the US Department of Agriculture (USDA). The USDA report attributes this low yield to a prolonged drought in Rio Grande do Sul, the…

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Mexico’s working group dissects GM corn impact as the corn dispute 30 days deadline elapses

MEXICO- Mexico’s health authority COFEPRIS and scientific council CONACYT have created a working group to keep assessing the risks associated with genetically modified (GM) corn consumption, especially in tortillas, amid a trade dispute with the US. Last month, US Trade Representative Katherine Tai requested talks with Mexico to resolve the current dispute over GM corn imports from the USA. These…

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Mexico wheat and rice forecast lowered as uncertain government support delays planting 

MEXICO- According to a report by the USDA, Mexican wheat and rice production forecast is slightly lower in marketing year (MY) 2023/24 due to uncertain government support delaying planting decisions.  The report also indicates that reduced government support for commercial growers, and less incentive to invest in new production technologies amid high inputs costs could slightly reduce the country’s overall…

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