Welcome to Food Week February 6. An early update with lots of governmental affairs. US fighting Mexico over glyphosate, the Fed inventing the lasagna index, the FDA stalling over CBD and the FDA all over Smucker’s for salmonella in peanut butter. All that and a lot more. Enjoy
You’ve heard of the Big Mac index? Well now there’s a Lasagna index. From the Fed official who wants to keep raising interest rates.
Eggs are falling rapidly at wholesale, less so for the consumer.
RETAIL AND CONSUMER
Get KFC with your Kroger. Would scale save grocery delivery services by mixing in fast food service as well? Takeoff Technologies thinks it will.
Even though commodity prices and the wholesale food index are both substantially down, brands are planning more price increases. Part of this is recovery from losses during COVID, part of this is increases in anticipation of inflation. But I can’t help but believe a lack of rigorous competition isn’t part of it.
The FDA kicks the can down the road on CBD in food and drink.