Wholesale prices rose at the slowest pace in 10 months in May, as food costs fell and gas prices rose by the smallest amount in eight months. The figures suggest consumers could see some relief from rising prices soon. The Producer Price Index, which measures price changes before they reach the consumer, increased 0.2 percent [...]
Archer Daniels Midland Co., the world’s largest grain processor, posted a 37 percent increase in fiscal third-quarter profit as food-ingredient demand climbed. Net income rose to $578 million, or 86 cents a share, in the three months through March, from $421 million, or 65 cents, a year earlier, the Decatur, Illinois-based company said today in [...]
Zanna Mcferson recalls plucking a stevia leaf from a plant on her desk and biting into it, “I knew there had to be something we could do with it.” Through the expansive windows of her corner office at Cargill’s headquarters, an Aspen-like mega-lodge on the outskirts of suburban Minneapolis, she stares out at the snowy [...]
