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Food finance and prices

The food industry is in constant financial motion; there’s always some company snapping up the assets of another, not to mention grappling with fluctuating costs of commodities. The latest money moves can have a big impact on ingredient supply, so it pays to keep up to date.

Mars Chocolate North America follows Nestlé and Hershey with price hike

Mars Chocolate North America has become the latest to introduce wholesale price increases after similar moves from Nestlé and Hershey.

Nutrition, health and wellness drive Nestlé forward despite 'challenging' year

Shares in the world's biggest food company were down by around 2% this morning as Nestlé announced its slowest sales growth in four years and missed profit expectations for 2013. 

Post keeps foot on acquisition pedal with purchases of Golden Boy and Dymatize

Post Holdings continues its aggressive push into the private label and active nutrition categories with the acquisition of Gold Boy Foods Ltd. and Dymatize Enterprises.

News in brief

Tate & Lyle profits fall on lower US beverage demand

Tate & Lyle has reported lower profits in the first half of the year, citing poor demand for soft drinks in the United States.

Cargill vs. Oxfam: Valuable investment in Colombia or "divide and purchase"?

Cargill has denied any wrong doing in its practices in Colombia after an Oxfam report accused the company of evading Colombian land laws through a method of fragmented purchases. 

Canada price fixing woes: Chocolate titans settle class action but still face criminal charges

Mars and Nestlé have opted to settle a class action lawsuit over price fixing allegations in Canada but both still face criminal charges in a separate investigation from the Competition...

Summertime program boosts poor kids' food security, nutritional intake

A US government demonstration program to provide school-age children from low-income households with meals and snacks during the summer months showed a 33% decrease in the rate of very low food...

Whey concentrate prices double in two years

Chinese demand drives whey above €7/kg – but is it over priced?

Soaring whey prices are changing the face of the protein concentrate market, but hefty Asian-driven premiums won’t signal a flood to plant proteins, says an analyst.

News in brief

Bill Gates in YouTube world hunger debate

Bill Gates tackled global hunger in a live web debate on Friday (June 7), the eve of the Big IF London Hyde Park rally, part of the Enough Food For...

Why is bigger no longer better in the CPG marketplace?

Does size matter? Yes, but bigger does not necessarily mean better if you’re in the US consumer packaged goods (CPG) industry, according to a new analysis from Boston Consulting Group...

Plum Organics to donate 500,000 smoothies formulated to meet needs of food-insecure kids

Plum Organics, a company founded on getting nutritious food to kids, has committed to manufacturing and distributing 500,000 pouches of food designed to meet the needs of food-insecure babies and toddlers.

News in brief

Flowers Foods obtains $300m loan to help finance acquisition of Hostess' bread business

Flowers Foods has obtained a $300m loan to help finance its acquisition of Hostess Brands' bread business.

Sustainable supply seen as emerging future risk for food companies

Food safety, quality and financial issues are considered the top three risks to business for most food companies, but sustainable supply is emerging as a growing area of concern, according...

Horizon Milling and ConAgra Mills to join forces to create Ardent Mills: ‘We will bring some hybrid vigor’ says VP

A major new player in the flour milling industry will emerge later this year following the merger of ConAgra Mills and Horizon Milling (a joint venture between Cargill and CHS)...

Eased wheat and corn prices set to stir again in Q1 2013, says Rabobank

Wheat and corn prices have eased over the fourth quarter but will spike again at the beginning of 2013 as impacts from demand rationing take hold, Rabobank says.

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Coke, Pepsi face ‘massive’ future dairy sourcing challenge – Rabobank analyst

The Coca-Cola Company, PepsiCo and other firms riding the convergence wave marrying soft drinks to dairy face massive future commodity sourcing challenges.

DuPont raises global hydrocolloids prices 10 to 15%

DuPont Nutrition & Health has said it would increase prices globally across its DuPont Danisco hydrocolloids range by an average of 10 to 15%, citing increases in raw material, energy...

News in brief

US corn yields per acre predicted to be lowest since 1995, warns USDA

US corn production is forecast at 10.7bn bushels, down slightly from the September forecast and down 13% from 2011, according to a new crop report from the US Department of...

Breaking news

Dean Foods seeks buyer for Morningstar

Dallas-based dairy giant Dean Foods is inviting potential buyers to cast a slide rule over its Morningstar warehouse delivery business - the smallest of its three divisions - as it...

B&G Foods: ‘We are very, very good at executing on acquisitions’

Packaged foods specialist B&G Foods is in search of shelf-stable brands or groups of brands with “defensible, niche positions” in their categories and sales of less than $100m, says chief...

Wind Point partners with ex-Sara Lee CEO in Shearer Foods acquisition

Private equity firm Wind Point Partners has agreed to acquire Ohio-based Shearer’s Foods for an undisclosed sum – and has partnered with former Sara Lee CEO C.J. Fraleigh, who will...

What do the most successful CPG companies have in common?

Investment in emerging channels, the Hispanic market, and employee development are among the strategies that set the most profitable consumer packaged goods firms apart from their peers, finds a new...

MOM Brands completes expansion at North Carolina facility

MOM Brands intends to add more than 50 jobs at its Asheboro, North Carolina facility by the end of November, as it completes an expansion project that doubles its size,...

Kraft Foods agrees to divest controlling stake in Back to Nature brand

Kraft Foods has agreed to divest a controlling stake in its Back to Nature brand food business for an undisclosed sum ahead of the company’s split in October.

Teamsters says it cannot endorse Hostess ‘final offer’ – but puts it to union vote

The Teamsters union has said it cannot endorse a “final offer” put forward by Hostess Brands, which includes an 8% pay cut in the first year of a five-year contract,...