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Pallet Shortage Concerns Producers and Biden to Talk JBS with Putin - AG INFORMATION NETWORK OF THE WEST


Pallet Shortage Concerns Producers and Biden to Talk JBS with Putin
Wednesday Jun 9th, 2021
From the Ag Information Network, I’m Bob Larson with your Agribusiness Update.
In the wake of water shortages, food processors have reduced the number of tomatoes they plan to buy from California farmers.
A new government estimate says tomato acreage will be down nearly 4% from an original planting-intentions survey released in January, citing water availability concerns.
It says planted tomatoes have been “developing nicely,” and the overall crop could still be larger than last year’s.
The United Fresh Produce Association is voicing concerns that pallet shortages, have the potential to affect the availability of produce to consumers. ....

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United Natural Foods Q3 adjusted earnings of $0.94 per share


United Natural Foods Q3 adjusted earnings of $0.94 per share
WASHINGTON (dpa-AFX) - United Natural Foods (UNFI) announced earnings for third quarter that fell from the same period last year.
The company s bottom line totaled $48.56 million, or $0.80 per share. This compares with $88.13 million, or $1.60 per share, in last year s third quarter.
The company s revenue for the quarter fell 5.8% to $6.62 billion from $7.03 billion last year.
United Natural Foods earnings at a glance:
-EPS (Q3): $0.94 vs. $1.33 last year.
-Revenue (Q3): $6.62 Bln vs. $7.03 Bln last year.
-Guidance:
Full year EPS guidance: $3.05 - $3.55
Full year revenue guidance: $27.0 - $27.8 Bln
Copyright RTT News/dpa-AFX
© 2021 AFX News ....

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Kuwait's Ahli United Bank sells $600 million Islamic bond


By Reuters Staff
1 Min Read
DUBAI (Reuters) -Kuwait’s Ahli United Bank has sold $600 million in Additional Tier 1 Islamic bonds at 3.875%, a document showed on Wednesday.
Pricing on the bond tightened from an initial price guidance of around 4.375% after the debt sale attracted more than $1.7 billion in orders, the document from one of banks on the deal showed.
Additional Tier 1 (AT1) bonds are designed to be perpetual in nature, but issuers can redeem or “call” them after a specified period. Ahli United Bank’s AT1 sukuk will be non-callable for 5-1/2 years.
Kuwait’s Ahli United, nearly three-quarters owned by Bahrain’s Ahli United Bank, hired Citi, HSBC, Standard Chartered, Abu Dhabi Islamic Bank, Kamco Invest, KFH Capital and Kuwait International Bank to arrange the deal. ....

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