logo
Food earmarked for millions of people still languishes in warehouses after Trump shuttered USAID

Food earmarked for millions of people still languishes in warehouses after Trump shuttered USAID

Yahoo4 days ago
Food aid groups that partner with the U.S. Agency for International Development to assist in providing critical nutrition for millions around the world have had to watch cases of food go to waste as the Trump administration dismantled USAID.
In Georgia, Mana Nutrition, a company that creates ready-to-use therapeutic food, is waiting for someone to pick up 400,000 cases of its nutritional supplement to be shipped worldwide. The food could help an estimated 60 million people, but chaos with USAID has disrupted coordination, the company told the Washington Post.
The company is planning to destroy approximately 585 cases of its peanut paste this month because it became too dated to ship while waiting for a new government contract that never happened.
The owner of Mana Nutrition told The Post that some of it could have been added to previous shipments, but wasn't.
But other companies or organizations that have or had contracts with the government to supply aid have faced similar issues in recent months.
In July, approximately 500 metric tons of food aid, specifically high-energy biscuits meant for children in Afghanistan and Pakistan, expired while being stored in warehouses in Dubai.
While the administration assured people that the small percentage of food aid wasted would not impact future shipments, some have raised concerns about the pattern that has been highlighted due to the dismantling of USAID.
Last month, the company Edesia Nutrition waited for someone to pick up more than 100,000 boxes of nutritional aid that had sat in a warehouse in Rhode Island. After sounding the alarm, the shipments were finally picked up only after a Rhode Island retailer teamed up with the company.
In May, several people familiar with USAID told Reuters that more than 60,000 metric tons of food, sourced from American farmers and manufacturers, was set to expired in warehouses by July. That concerned enough people that the Office of Inspector General said it would open an investigation into food aid in warehouses.
It's unclear if that aid was eventually shipped.
The Trump administration has sought to axe USAID by revoking federal funding and firing most of its staff. President Donald Trump and his allies have characterized USAID as an unnecessary agency filled with 'waste, fraud, and abuse.'
USAID, which was established in the 1960s, was one of the world's leading distributors of food and aid. Partnering with other companies, USAID provided humanitarian assistance, medical necessities, education, and more to people living in poverty, war-torn countries, and disaster-impacted communities.
A spokesperson for the State Department told the Post that it is 'constantly assessing global humanitarian needs and expects to allocate additional resources to address those needs in line with U.S. interests.'
More than 730 million people face malnutrition or hunger worldwide, according to the World Health Organization. The U.S. is the single largest donor of international food assistance.
Food aid has been especially highlighted recently as people in Gaza are on the brink of starvation and face dire circumstances.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

CF Industries misses quarterly profit estimates on higher costs; shares fall
CF Industries misses quarterly profit estimates on higher costs; shares fall

Yahoo

time26 minutes ago

  • Yahoo

CF Industries misses quarterly profit estimates on higher costs; shares fall

(Reuters) -CF Industries missed estimates for second-quarter profit on Wednesday, as higher costs weighed on the fertilizer firm, sending its shares down 4.3% in extended trading. The company's quarterly cost of sales was up about 27% at $1.14 billion from a year earlier on higher natural gas costs, which were up 77% at $3.36 per million British thermal units. U.S. natural gas prices, a key feedstock for nitrogen fertilizers, rose in the second quarter as power demand spiked on the back of energy-hungry data centers, escalating production costs for fertilizer producers. The Northbrook, Illinois-based company reported an adjusted profit of $2.35 per share for the three months ended June 30, compared with the analysts' average estimate of $2.54, according to data compiled by LSEG. Crop prices — including those of soybean, wheat and corn — have been falling in recent quarters due to oversupply and weakening demand, forcing farmers to cut back spending on fertilizers, affecting companies such as CF Industries. Peer Mosaic also missed second-quarter profit estimates on Tuesday, as higher costs weighed against gains from stronger potash prices and robust sales in Brazil. CF Industries' quarterly net earnings attributable to common stockholders fell about 8% to $386 million from a year earlier. The results come at a time when the agrichemical industry is bracing itself for a potential fallout from U.S. President Donald Trump's sweeping tariffs on most imports, which are expected to lower demand and curb farmers' spending. Sign in to access your portfolio

Rivian Stock Plunges After Brutal Q2 Earnings and Weak Outlook
Rivian Stock Plunges After Brutal Q2 Earnings and Weak Outlook

Yahoo

time26 minutes ago

  • Yahoo

Rivian Stock Plunges After Brutal Q2 Earnings and Weak Outlook

Aug 6 - Rivian Automotive (NASDAQ:RIVN) dipped more than 3% on Wednesday after posting mixed Q2 results that left Wall Street unimpressed. The EV maker reported a loss of $0.97 per share, missing consensus expectations by $0.32, though revenue came in slightly ahead at $1.30 billion versus the expected $1.27 billion, a 12.5% year-over-year increase. Warning! GuruFocus has detected 5 Warning Signs with RIVN. The revenue beat didn't do much to soften the blow of the wider-than-expected loss, as investors responded with a sell-off that pushed shares down to $12.00 during mid-day trading. Adding to the market's hesitation, the company continues to burn cash aggressively, with negative margins and return on equity weighing heavily on investor sentiment. Analyst ratings remain mixed, with a wide price target range from $12 to $18 and a consensus near $14.30. Insider selling by Rivian's CEO and CFO in recent months also added downward pressure, even as institutional ownership remains strong. While Rivian's long-term vision in EVs and autonomous tech continues to attract attention, the company faces mounting challenges balancing growth and profitability in a capital-intensive space. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Planet Fitness Finally Made Canceling Easier. Why Its CEO Thinks That Could Help Growth
Planet Fitness Finally Made Canceling Easier. Why Its CEO Thinks That Could Help Growth

Yahoo

time26 minutes ago

  • Yahoo

Planet Fitness Finally Made Canceling Easier. Why Its CEO Thinks That Could Help Growth

Key Takeaways Planet Fitness is seeing a "slight elevation" in canceled plans after allowing members of all clubs to close memberships online, company executives said Wednesday. The fitness club chain chose to enact a so-called "click-to-cancel" policy because it could help attract members in the future, CEO Colleen Keating said. Shares of Planet Fitness finished Wednesday down some 3%.Making it easier to cancel gym memberships will—in time—bring in more customers, Planet Fitness says. As of May, customers at all Planet Fitness (PLNT) locations have been able to cancel their subscriptions online, CEO Colleen Keating said on a conference call Wednesday. The company is seeing a 'slight elevation' in canceled plans, but the churn may level off in three months based on prior experience, Keating said. 'We believe this is the right thing to do—both to support our members and their experience, and as the industry leader,' she said, according to a transcript made available by AlphaSense. 'Allowing members to more easily manage their membership will only benefit us when they think about rejoining a club in the future,' she said, telling investors that gyms are poised to grow because younger generations are particularly focused on fitness. Planet Fitness voluntarily implemented a so-called 'click-to-cancel' policy. A federal rule would have required gyms, media companies, retailers, and other types of businesses to make it easier to cancel memberships online, but an appeals court blocked the move in July. The New Hampshire-based company narrowed its outlook for same-club sales through the full fiscal year, now anticipating a 6% increase, compared to 5% to 6% growth previously. The adjustment reflects membership churn and the volatile economy, CFO Jay Stasz said. Planet Fitness reported quarterly revenues and profits that rose from a year ago and exceeded Wall Street analysts' expectations, but shares finished Wednesday down some some 3%. Still, the stock has climbed about 7% since the start of the year. Read the original article on Investopedia Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store