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Food ingredients weekly business roundup
20-May-2005 - Imperial Sugar received an offer of acquisition earlier this week, while Cargill announced its intentions to further invest in Brazilian sugar and General Mills had its rating outlook revised from negative to stable.
Inadequate fungicide supplies threaten US soy industry
18-May-2005 - The American Soybean Association (ASA) has expressed concern that fungicide supplies may be inadequate to control a major outbreak of soybean rust, reports Anthony Fletcher.
FFG takeover begins for Technology Flavors & Fragrances
17-May-2005 - Publicly-floated US flavour supplier Technology Flavors & Fragrances is set to go private, as industry rival FFG Industries begins a tender offer to acquire all of the firms outstanding shares of common stock.
Global drinks player targets buoyant Indian market
16-May-2005 - International drinks supplier Brown-Forman embarks on new opportunities in the increasingly affluent Indian society, targeting the beverages market with the launch of its fruit flavoured Finlandia brand of 'luxury' vodka.
National Starch praised for innovation
13-May-2005 - National Starch, which recently changed its name to focus attention on its innovative nature, has been rewarded for its efforts.
Sweetener blend from Tate & Lyle targets cereal bars
13-May-2005 - Cereal bar makers looking to slash carbohydrate and sugar levels could find the solution in a new 'rebalance system' from sweetener supplier Tate & Lyle, the company claims, writes Lindsey Partos.
Almond crop decrease suggests rising prices
13-May-2005 - The most recent forecast for this year's California almond crop signals a decline on that reaped 12 months ago, heralding an almost certain price rise, reports Philippa Nuttall.
ConAgra launches search for new chairman
13-May-2005 - ConAgra Foods is on the search for a chairman and CEO after the incumbent Bruce Rohde announced he was stepping down.
Comax pushes presence in Chinese market
11-May-2005 - Melville, New York headquartered Comax Flavors, has opened a new factory in Shanghai to serve the rapidly growing Chinese market, the company reported yesterday.
Big names push to increase low-fat ice-cream market
11-May-2005 - Ice-cream manufacturers gearing up for the season should take note as Haagen-Dazs and Unilever announce in the same week the introduction of low-fat offerings for this summer, writes Philippa Nuttall.
Healthy oils are good for business
09-May-2005 - Growing consumer awareness of the importance of healthy oils and food manufacturers' desire to eliminate hydrogenated oils from their recipes have boosted sales for Spectrum Organic Products.
Pomegranate gets juiced by leading producer
09-May-2005 - Fruit juice maker Old Orchard is once again making the most of recent health research pertaining to various fruits, adding a blueberry-pomegranate option to its range.
MGPI still suffering from low-carb decrease
09-May-2005 - Decreased demand for low-carb products has continued to be a headache for MGP Ingredients in the 3Q, decreasing earnings and revenue compared to the same period last year.
Food firms falling behind in ability to innovate?
09-May-2005 - The food industry is falling behind in its ability to innovate, claims an article in this week's The Economist.
Drought knocks Brazil's soy stocks
09-May-2005 - Price rises for soy-related ingredients are still under pressure as drought, high production costs and a strong real all impact soybean production for Brazil's 2004-05 crop, writes Lindsey Partos.
McCormick's industrial president announces retirement
04-May-2005 - Robert Davey, president of spice company McCormick's global industrial group, has decided to retire at the end of 2006
'Organic', 'low/no sugar' labels are key to success
04-May-2005 - Organic and low/no sugar are the tags food manufacturers should be looking at adding to their packaging if they want their products to enjoy strong and sustained growth, said AC Nielsen.
Food manufacturers should go ethnic
04-May-2005 - Food retailers - and manufacturers - should grab the opportunities available to increase their share of the ethnic food market, said an expert at the Food Marketing Institute Show in Chicago, writes Philippa Nuttall.
PAI buy Chr Hansen
02-May-2005 - Ending months of speculation, the food ingredients arm of Chr Hansen has a new owner: not a fellow industry player but acquisitive private equity firm PAI partners, reports Lindsey Partos.
Bunge's profit shoots up on soybean yields
29-Apr-2005 - Bunge said last week that its first-quarter profit shot up 40 percent on the back of increased soybean yields, provoking the company to raise its outlook for the year, writes Philippa Nuttall.
Shugr available in new formats for commercial users
29-Apr-2005 - Swiss Research announced yesterday that its "natural" sweetener Shugr was now available to commercial users in two new formats.
Dean Foods donates to further organic research
29-Apr-2005 - The growing organic business is gaining more attention from food manufacturers. In an effort to understand better the benefits of such products, Dean Foods and its WhiteWave Foods division have donated $100,000 to the Organic Center for Education and Promotion.
Tate & Lyle questioned over Alabama factory plans
27-Apr-2005 - Tate & Lyle was yesterday taken to task by environmental groups and local residents over its plans to extend its Splenda factory in McIntosh, Alabama, reports Philippa Nuttall.
Chr Hansen: low US earnings knock H1 profit for ingredients
27-Apr-2005 - Low growth and higher production costs in the US knock first half profit for Chr Hansen's ingredients business, that posted a 9 per cent fall in profit for the first six months of the year.
Danisco spins off Genencor's drug discovery arm
27-Apr-2005 - Danisco will spin off the loss-making healthcare activities of new enzyme acquisition Genencor, the Danish ingredients firm has announced.
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