Food Retail
Top stories summarized by our editors
10/15/2018

Giant Food is hoping its partnership with Peapod will help it compete in greater Philadelphia's growing market for grocery delivery. Giant By Peapod currently is third for delivery market share in the city, ranked behind Instacart and Walmart Online Grocery.

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Peapod, Giant Food, Instacart
10/15/2018

Demand for tequila has risen quickly, but the agave plant remains a slow-growing one, requiring patience to make tequila the right way. The surge in demand could damage quality, putting tequila in a boom-and-bust cycle if production is rushed.

10/15/2018

US cherry exports to China dropped by 41% by August, after two rounds of retaliatory tariffs sent duties soaring to 50%, according to Agriculture Department data. China's imports of Canadian cherries increased 82%, according to Statistics Canada, and 27% of Canada's cherry crop this year went to China.

10/15/2018

Thrive Market has found success by bringing healthier food to the US middle class via delivery, offering an annual membership for $60 and wholesale pricing for natural and organic items. "It came down to really listening to the customer of what is the problem for someone who is middle class, middle America wanting to get healthy today," CEO Nick Green said.

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ABC News
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Thrive Market, Nick Green
10/15/2018

Chinese distillery Luzhou Laojiao is participating in a venture named Ming River that seeks to bring baijiu liquor to the US and Europe. Baijiu is made from fermented sorghum and typically contains 50% or higher alcohol content.

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Baijiu
10/15/2018

Cannabis has become a presence in California vineyards, where it can serve as "a high-value commodity that could help reinvigorate a fading agricultural tradition along the state's Central Coast," writes Scott Wilson. Santa Barbara County is still dominated by vineyards, but it also has about 330 acres under cannabis cultivation.

10/15/2018

Two bottles of ultra-rare 1945 Romanee-Conti wine sold for more than $1 million at a Sotheby's auction in New York last weekend. The auction house also sold three additional bottles from the winemaker, and all five offerings surpassed previous records for the priciest bottle of wine ever sold.

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Quartz
10/15/2018

Suntory has long been known for its whisky, but the Japanese company has also gone back to its roots as winemaker using native grapes. One wine the firm is making in its revived program is a vibrant white with notes of apple from Japan's signature grape, koshu.

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Suntory, Apple
10/15/2018

Los Angeles, Calif.-based online health store Thrive Market is adding clean wines that are low in sulfites to its product lineup. The wines will be priced at less than $20 per bottle, and to be more environmentally friendly, they will be packaged in recycled material molds that don't need bubble wrap or Styrofoam.

Full Story:
Forbes
10/15/2018

Georgia vegetable growers incurred losses of up to $300 million from Hurricane Michael, according to a preliminary report from the University of Georgia. "It must be stressed that we are still evaluating fields, and some of these numbers may change as we gather more information," the report says.