Plant closure expenses drag profits down at IFF

04-Nov-2009 - Sales were showing signs of recovery for International Flavors and Fragrances in the third quarter, but profits were dragged down by charges.

MGP Ingredients forecasts ‘positive turnaround’

23-Oct-2009 - MGP Ingredients has said it expects a significant positive turnaround in the first quarter of fiscal 2010, as it hopes to exit a transition period toward value-added ingredients.

Kraft sale could help with Cadbury bid - report

19-Oct-2009 - Kraft may look to sell its brand Maxwell House to generate a higher offer to Cadbury, the world's second largest confectionery group, claim media reports.

Lower phosphate and potash prices slash Cargill’s Q1 earnings

14-Oct-2009 - Cargill has reported a 65 percent drop in earnings for the first quarter of fiscal 2010 from the same period last year, partly due to the company’s investment in phosphate and potash suppliers The Mosaic Company.

Kraft given November deadline for Cadbury bid

30-Sep-2009 - The UK’s Takeover Panel has announced a deadline of November 9 for Kraft to make a bid for Cadbury or to say that it does not intend to make an offer.

Cocoa price spike may favor Kraft over Cadbury

28-Sep-2009 - World cocoa prices have just hit record highs sparking suggestions that the resulting cost changes could aid the Kraft bid for Cadbury.

SunOpta to settle class action lawsuits

28-Sep-2009 - Canadian natural foods group SunOpta has said it has agreed to pay $11.25m to settle class action lawsuits that accused the company of overstating its earnings and lacking internal financial controls.

Cadbury tells Kraft to bid or back off

24-Sep-2009 - Cadbury has approached the UK’s Takeover Panel, asking it to impose a deadline for Kraft to make an offer.

Commodity price cuts push up ConAgra's profits

23-Sep-2009 - Lower ingredient prices and a more profitable product mix helped ConAgra Foods achieve a big profit increase in its quarterly results, while overall turnover slipped.

'Brand Canada' gets funding boost

22-Sep-2009 - The Canadian government has announced a $32 million investment into a branding initiative to enhance the competitiveness of the country’s food sector.

Cadbury slams Kraft bid and business model

14-Sep-2009 - Cadbury has labelled Kraft “a low growth conglomerate” in a letter restating its rejection of the food giant’s £10.2bn ($16.7bn) takeover bid.

Thousands of suppliers threatened by $300m Kraft cutbacks

11-Sep-2009 - Kraft Foods is slashing its supply chain costs by $300m - a decision that Leatherhead Food International predicts will dramatically affect suppliers and could result in casualties.

Food industry execs optimistic about business in 2010, says KPMG

21-Aug-2009 - Employment prospects and revenues in the US food and beverage industry are likely to improve next year, predict most executives in the sector, according to a national survey from tax advisory firm KPMG.

Senomyx sees Q2 slump, enters new royalties deal

06-Aug-2009 - Senomyx revenues fell by 17 percent in the second quarter of 2009 compared to the same period last year, primarily due to a 2007 payment from Ajinomoto that bolstered previous revenue, the company said.

Lallemand acquires Wisconsin-based yeast company

06-Aug-2009 - Lallemand Bio-Ingredients said on Wednesday that it has completed its acquisition of the Wisconsin-based Lake States Yeast Company, in a move which marks its first entry into inactivated torula yeast.

ADM reports 83% profit decline; corn processing division battered

05-Aug-2009 - Archer Daniels Midland (ADM) has reported an 83 percent decline in net earnings for Q4 2009, and in corn processing increased profits from corn-based starches and sweeteners were buried by losses in ethanol.

Corn Products International hit by lower demand, higher costs

29-Jul-2009 - The global recession has hit Corn Products International’s bottom line as its products – including high fructose corn syrup (HFCS) – experience lower demand, particularly in North America, the company said.

Exclusive interview

Food technologists ‘under attack’, says former IFT chief

19-Jun-2009 - Food technology is a profession under attack – and both industry and government need to invest to ensure its future, says former IFT president Dr John Floros.

Dispatches from IFT

Take advantage of recession, says former White House director

12-Jun-2009 - Food firms can benefit from the downturn by taking advantage of lower advertising and input rates and positioning for recovery, said economic expert at IFT.

Even successful businesses bitten by funding freeze

26-May-2009 - Finding investors in the current economic environment is a problem for all companies, even if they are doing well, according to Frost and Sullivan research analyst Christopher Shanahan.

Stevia standards developer could lack future funding

19-May-2009 - Ingredient standards researcher ChromaDex Corporation has said that it anticipates significant future demand for its services, but is unsure if it can secure the capital necessary to continue expansion.

Latin America’s appeal for food companies

14-May-2009 - Latin America presents growing opportunities for investment for food manufacturers, even as the economic crisis takes its toll on American and European markets, according to a new market report.

Ingredia Group completes Kantner acquisition

07-May-2009 - IDI Inc has finalized its acquisition of Ohio-based Kantner Ingredients, in a deal expected to increase its export capabilities and US presence.

New food launches halve recession-stuck quarter, says Mintel

29-Apr-2009 - New data indicates that food manufacturers are opting not to invest in new food and drink product launches during the economic down turn, as budgets are cut from R&D to marketing.