Last week Lamb Weston presented its Fiscal Third Quarter 2020 Results. The company withdraws its Fiscal Year 2020 Outlook due to Uncertainty from the COVID-19 Pandemic’s Effect on Global Restaurant Traffic and Consumer Demand.
In mainland Europe the widespread closure of restaurants and other food service outlets has meant that demand for processed potato products has fallen significantly.
Due to COVID-19 the free market of potatoes has completely collapsed. The PCA/Fiwap and the Belgapom price quotation has been suspended because of a lack of transactions on the free market of potatoes.
While in response to COVID-19 risks restaurants in many regions are offering Drive Thru, takeout and/or delivery only, fast food Chain McDonald'sUK and Ireland has closed its restaurants altogether - including Drive Thru and take-away.
J.R. Simplot and McCain Foods have spent the last few years battling in the U.S. District Court for the District of Idaho over issues related to – unsurprisingly – potatoes, with each party asserting a design patent related to a spiraled potato.
Strong Roots returns to Natural Product Expo West, after winning the 2019 NEXTY Award, with its innovative and sustainable line of frozen plant-based foods including cauliflower hash browns, vegetable burgers, mixed root vegetable fries and more.
ITC first started diversifying from its core tobacco business in the early 1970s, with the diversification drive picking up steam in 2003 when the Indian behemoth conglomerate started with its slew of launches in the FMCG category.
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