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Trends > Food finance and prices
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.
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,...
Canadians favor local food – and are willing to pay a premium
Most Canadians try to buy locally produced food – and many are willing to pay a significant premium for it, according to the results of a new Bank of Montreal...
IFF posts 16% boost in Q2 net profit
Pressure from raw material costs has started to ease for International Flavors and Fragrances (IFF), which reported a 16% increase in net profit and a 1% increase in net revenue...
SunOpta net profit rockets 85% on packaged foods sales
Canadian natural and organics group SunOpta has reported an 85% profit surge in the second quarter of 2012 driven by strong growth in packaged foods sales.
MGPI narrows loss, aims to ease corn cost impact
Corn costs continued to hit MGP Ingredients’ results in the second quarter, although it narrowed its loss from $10.3m a year ago to $850,000.
White House responds to ‘historic’ drought with $30m disaster aid
The worst drought to hit the United States in half a century is having dramatic effects on crop and livestock production, President Obama said in a White House briefing Tuesday,...
Cargill full year earnings ‘not up to expectations’: CEO
Cargill has reported an 82% slump in profit for the fourth quarter and a 56% drop for the fiscal year, citing cyclical trends in soybean processing and American beef, as...
Nestlé first half results: Pros and cons
Europe and North America were the worst performing regions for Nestlé according to its first half (H1) results, while Asia, Oceania, Africa and emerging markets delivered double digit growth.
Senomyx announces dual-purpose sweetness enhancer for HFCS and sucrose
San Diego-based flavor firm Senomyx has discovered a new taste modifier ingredient that can enhance the sweet flavor of both high fructose corn syrup (HFCS) and sucrose, allowing food manufacturers...
Kraft boosts profits 5% in Q2, reaffirms outlook
Kraft Foods reported a 5.4% rise in second quarter net profit, more than offsetting higher raw material costs and adverse effects of currency exchange rates, the company said on Thursday.
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