|
Commodity prices have a knock-on effect throughout the food supply chain, from growers to the supermarket shelves. For formulators, the challenge is to reduce reliance on more expensive ingredients, but still deliver products that have the taste and texture consumers have come to expect. |
03-Dec-2008 - The prospect of antidumping measures for citric acid looms in the US after an investigation found Chinese companies selling products below market value. But one industry player says the duties would have a limited impact.
28-Nov-2008 - Barclays Capital has adjusted its outlook for the packaged food sector in the US as it is not expected to see the benefits of lower commodity prices in the near future.
24-Nov-2008 - The economic downturn in the US is leading to strong sales increases for store brand products, but high quality standards need to be maintained to make sure they are long-lasting, experts warn.
21-Nov-2008 - Food manufacturers should lower food prices following a significant drop in the cost of commodities and energy, according to the National Corn Growers Association’s CEO, Rick Tolman.
19-Nov-2008 - Food manufacturers will find it harder to pass on rising costs to consumers next year and, in a shaky economy, competition will remain intense, according to a new report.
06-Nov-2008 - The director-general of the Food and Agriculture Organization of the UN (FAO), Jacques Diouf, has called on US President-elect Barack Obama to make the eradication of world hunger a priority.
31-Oct-2008 - Genetically modified food companies should be paying particular attention to the results of next week’s presidential election as they could face tough times ahead, according to a Soil Association report.
31-Oct-2008 - Scientists have developed a way to transform a waste byproduct from biofuel production into a food ingredient agent using E. coli.
30-Oct-2008 - Syngenta is developing new technology which it says will dramatically improve the cost efficiency of sugar cane planting by growing it from smaller cane segments that are less labor intensive.
29-Oct-2008 - Vegetables are the most popular frozen food among Americans, accounting for 40 percent of shopper purchases, according to a new study which comes as frozen products are expected to see a boost in tight economic times.
28-Oct-2008 - Advanced Food Systems said it has launched a new line of dry bases using ingredients that can easily stand up to the rigors of the manufacturing process, as well as helping to save on energy costs.
24-Oct-2008 - Food companies developing new products need to pay more attention to consumer expectations as shoppers seek more information, choices and accountability over what they buy, a new study said.
22-Oct-2008 - Legal challenge to new cheese regulations Cheese makers including Kraft Canada have taken legal action against changes to regulations for the way cheese is made, which...
20-Oct-2008 - DD Williamson is warning its customers that the price of its caramel colors could increase by up to 30 percent next year due to economic conditions.
07-Oct-2008 - A new forum has been set up to help food, beverage and consumer products companies adapt to market changes and share ideas to ensure continued financial success amid economic challenges.
22-Sep-2008 - There is a long cold winter expected ahead for US ‘luxury’ food manufacturers as the weakest consumer spending over a holiday period since 1991 is this year expected to dent the industry’s festive spirits, says new findings.
18-Sep-2008 - Corn, wheat and soy prices have made a quick recovery following emergency action by CME to prevent the market being flooded after the $85bn government bail-out of insurance giant AIG.
17-Sep-2008 - Introducing new products can help companies alleviate the burden of high food inflation because consumers will not be so concerned about a change in price, according to a new report on the food manufacturing industry from the Conference Board of Canada.
27-Aug-2008 - Food companies are changing their formulations and switching to cheaper ingredients in an effort to tackle rising commodity costs.
19-Aug-2008 - Consumers are frowning on moves by food manufacturers to reduce the size of products as a way of tackling shrinking budgets in the current economic climate, according to research by The Nielsen Company.
18-Aug-2008 - Major players in the food industry are looking for experts in commodity procurement to tackle volatile raw material prices which have eaten into profits, according to reports.
07-Aug-2008 - Biofuel subsidies should not be singled out for blame when it comes to rising corn prices, as the underlying driver is the high cost of oil, according to a new study commissioned by the Farm Foundation.
01-Aug-2008 - Caravan Ingredients is the latest company to announce price increases due to rising raw material costs, which in some cases have surged by as much as 300 percent in a matter of months.
18-Jul-2008 - A disease that can wipeout citrus crops is adding to the woes of an industry that has seen price hikes and supply shortages over recent years.
18-Jun-2008 - Advanced Food Systems has launched a range of new egg replacement ingredients which it claims will help food manufacturers reduce the cost of using whole eggs.