AGP Executive Report
Last update: 4 hours agoAgrifood Trade: Irish pigmeat export value fell 24% in August, while dairy and beef exports rose 8.5% and 8%, respectively. A U.S. importer of Canadian cheese is also challenging 50% tariffs, arguing they raise costs for food businesses. Restaurants: Fast-food chains face weak traffic as operators brace for another difficult earnings season; brands are leaning on micro-influencers to promote new menu launches. Packaging: Sonoco reported third-quarter sales of $2.04 billion, down 4.2%, and adjusted earnings of $167 million, compared with $191 million a year earlier. Aquaculture: The EU’s 2040 fisheries and aquaculture vision aims to grow the sector, but critics warn expansion of fish farming could increase pressure on wild stocks and animal welfare. Food Production: Namibia is courting investment to grow local agriculture and processing, reporting that it produces just 4% of the food it consumes.
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