All news articles for May 2012

Source Flickr - cstrom

Blommer predicts looming cocoa supply crisis

By Oliver Nieburg

Demand for cocoa is expected to climb 30% in the next 10 years creating a 25% shortage of current supply, according to North American cocoa processor and chocolate ingredients supplier Blommer Chocolate Company.

High raw material costs continue to weigh on IFF in Q1

High raw material costs continue to weigh on IFF in Q1

By Caroline Scott-Thomas

High raw material costs continued to impact International Flavors and Fragrances (IFF) in the first quarter, as it reported a 4% decline in net profit, the company reported on Wednesday.

Tyson reports increased profits

Tyson reports increased profits

By Melodie Michel

US meat processor Tyson Foods has registered a 3.7% rise in sales in the second quarter of 2012, despite “extremely challenging market conditions” in the beef segment.

US ice cream and frozen dessert market tops $25bn

US ice cream and frozen dessert market tops $25bn

By Caroline Scott-Thomas

Sales of ice cream and frozen desserts in the United States were worth $25.1bn last year, according to a new report from Packaged Facts – representing a 2.4% rise over 2010, following two years of flat sales.

Researchers explore links between overeating and pleasure

Researchers explore links between overeating and pleasure

By Caroline Scott-Thomas

Eating for pleasure may stimulate the brain’s reward centers and lead to overeating in a way that eating to satisfy hunger does not, according to findings from a small study published in The Endocrine Society's Journal of Clinical Endocrinology &...

Californian GMO labeling: What would it mean for food companies?

Californian GMO labeling: What would it mean for food companies?

By Caroline Scott-Thomas

The Californian ‘Right to Know’ campaign in support of labeling foods and ingredients produced using genetic engineering looks set for inclusion in the state’s November ballot, after it attracted nearly a million signatures. If enacted, what would the...

Higher prices boost Kraft profit in Q1

Higher prices boost Kraft profit in Q1

By Caroline Scott-Thomas

Kraft Foods reported a 1.8% increase in first quarter profit after it raised prices for its products around the world and increased sales of its ‘power’ brands, particularly in developing markets.

GLG Life Tech receives cease trade order

GLG Life Tech receives cease trade order

By Caroline Scott-Thomas

Stevia supplier GLG Life Tech has stopped trading on the Toronto Stock Exchange after it received a full cease trade order from the British Columbia Securities Commission, due to delayed filing of its year-end financial statements and related documents.

Firmenich renews sweet taste collaboration with Senomyx

Firmenich renews sweet taste collaboration with Senomyx

By Caroline Scott-Thomas

Firmenich has renewed its sweet taste collaboration with San Diego-based flavor firm Senomyx, which has reported lower revenues in the first quarter, including decreased income from the sweet taste partnership.

FoodJobs: People on the Move

FoodJobs: People on the Move

FoodNavigator-USA brings you all the latest appointments and promotions at major food manufacturing and ingredient companies in this monthly photo gallery.

Could private label be losing its luster?

Could private label be losing its luster?

By Caroline Scott-Thomas

Sales of private label foods and beverages have been on the rise for more than a decade, but consumers are beginning to lose enthusiasm, suggests a new report from market research organization The NPD Group.

Coca-Cola denies Monster takeover rumors

Coca-Cola denies Monster takeover rumors

By Caroline Scott-Thomas

The Coca-Cola Company has denied rumors that it is in talks to acquire Monster Beverage Company, after media reports sent shares in the energy drinks giant soaring on Monday.

Mango and coconut will trump acai and pomegranate this year, predicts Sloan Trends

Special edition: FoodNavigator-USA 2012 trendspotter

By Elaine Watson

What’s on the menu for 2012? Traditional fruits, Thai and Indian cuisine, freshness, different varieties of chili, plant proteins, smoke flavors, more part-prepared foods and Asian and Latin American flavors, predict trendwatchers…

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