Southern Crop

Southern Crop

General Mills, Peers Slide after Sounding Inflation Alarm for Food Industry

General Mills (GIS -9.4%) sinks more than 9% after lowering operating profit guidance for the full fiscal year ending in May, citing higher prices for grains, nuts and dairy as well as 20-year highs in North American freight costs during February.

 

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Dole May be Bought by Belgian Company

According to a report Monday by Reuters, Belgian company Greenyard NV is exploring an acquisition of Dole, a California-based fruit and vegetable producer that could be valued at more than $2.5 billion, including debt. Greenyard NV is a global market leader in fresh and prepared fruit and vegetables.   Read more

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