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Food Industry Update

Shuanghui International to acquire Smithfield Foods

Smithfield Foods, Inc. and Shuanghui International Holdings Limited have entered into a definitive merger agreement that values Smithfield at approximately $7.1 billion.
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Burger King exec named Heinz CEO

Bernardo Hees, chief executive officer of Burger King Worldwide Inc., has agreed to take over as CEO of H.J. Heinz Co., 3G Capital and Berkshire Hathaway announced.
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CDC report reveals increase in some foodborne illnesses

The Foodborne Diseases Active Surveillance Network (FoodNet) report said that in comparison to a base period between 2006 and 2008, there was a 14 percent increase in the incidence of infections caused by campylobacter -- bacteria linked to many food products, including raw milk, poultry and produce.
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USDA inspectors expose dangerous chemical use in poultry plants

The Government Accountability Project (GAP) has issued evidence that it collected from federal poultry inspector whistleblowers regarding the use of chemicals in the U.S. poultry industry and the potential impact this has on human health.
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Monsanto develops omega-3 soybean oil

Biotechnology company Monsanto Co. has has developed a type of genetically engineered soybean oil that produces a type of fatty acid that could be processed to take the same form as omega-3 from fish.
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World's largest study of food allergies underway

The European Commission-sponsored research, known as the Integrated Approaches to Food Allergen and Allergy Risk Management (iFAAM), will produce a standardized management process for companies involved in food manufacturing.
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Majority of Americans do not trust food industry, survey finds

Only 17% of consumers feel food companies and manufacturers are trustworthy sources of information about food production practices, according to a new white paper.
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Poultry processor invests $49 million in West Georgia plant

Koch Foods is investing $49 million to expand its poultry processing plant in Hamilton, Ga., Gov. Nathan Deal announced Thursday.
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Nutrition expert calls for 'pragmatic approach' to processed foods

The obesity epidemic can only be tackled if policy makers and the food industry work together to develop a pragmatic and effective solution, a leading expert has stated.
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Water scarcity poses major threat to food industry, Nestlé CEO says

During his keynote speech at the annual City Food Lecture in London on Feb. 25, Nestlé CEO Paul Bulcke warned that water scarcity is one of the greatest threats facing the food industry.
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