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March 25, 2009 03:45 PM
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The most recent high-profile food scare, of course, originated offshore.Canada's Menu Foods Corp., a $316 million producer of pet foods for other companies, including Procter & Gamble, was forced to recall more than 100 brands of dog and cat foods this year after they were found to contain melamine.
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Estimated Cost of these product Recalls?
Are there estimates of the indirect costs of recalls and testing that have resulted from the melamine contamination incident?
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March 30, 2009 03:17 AM
The U.S. Department of Agriculture forecasts that the United States will import a record $70 billion of agricultural products in the fiscal year ending this September, up from $64 billion in fiscal 2006 and $41 billion as recently as fiscal 2002. By 2012, the DoA predicts, imports could reach $81.6 billion The most recent high-profile food scare, of course, originated offshore.Canada's Menu Foods Corp., a $316 million producer of pet foods for other companies, including Procter & Gamble, was forced to recall more than 100 brands of dog and cat foods this year after they were found to contain melamine.
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