Corruption can be expensive: Brazilian meat companies lost the equivalent of $1.52 billion in market value from March 16 through April 17 after the Federal Police announced “Operation Weak Flesh,” according to consultancy firm Economatica. JBS, a Brazilian company that is the world’s largest processor of fresh beef and pork, saw its market value drop to the equivalent of $8.9 billion as of April 17, down from $10.3 billion a month earlier, equivalent to $1.4 billion in losses. JBS’ wholly owned subsidiary is JBS USA Holdings Inc., created when JBS entered the U.S. market in 2007 with its purchase of Swift & Company. Another severely affect company, food conglomerate BRF, suffered the equivalent of a $50.7 million loss in market value, dropping to the equivalent of just $10 billion). READ MORE

FOOD SAFETY

As incidence of food allergies soars, correct labeling is crucial: Food allergies among children increased about 50 percent between 1997 and 2011, according to a 2013 study released by the Centers for Disease Control and Prevention. And although the number of people with food allergies is increasing, there’s no clear answer as to why. Today up to 15 million people in the U.S., including 1 in 13 kids, and more than 17 million people in Europe, so improper labeling could have catastrophic consequences. READ MORE

FOOD SECURITY

South Sudan hunger crisis deepens: As South Sudan’s conflicts have fragmented and expanded, the hunger crisis has deepened and widened, says the International Crisis Group, an independent organization working to prevent wars and shape policies that will build a more peaceful world. More than 40 per cent of the population is severely food insecure, 60 per cent higher than at this time last year. In  February, the United Nations declared that some 100,000 people are already living in famine conditions, but some 5.5 million are at risk unless urgent measures are taken to reduce conflict and enable humanitarians to deliver more aid safely. At the same time, conflict among various factions has prompted massive displacement that in turn has prevented farming, while looting and cattle rustling have destroyed many people’s assets. READ MORE