The Sweetener Story: It's Not Which Type, But How Much
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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.
Higher food spend linked to better health
A new study has found that higher spending on food is associated with healthier diets, but the authors claim it is possible to improve diets without increased spending.
Congressman Pitts challenges US sugar policy
Congressman Joe Pitts (R-PA) has introduced legislation that challenges United States’ sugar policy, claiming that it is a waste of government money and costs jobs.
Market volatility spurs Cargill profit surge
Cargill has reported a 68 percent surge in profits for the first quarter of 2011 to August 31, on the back of renewed volatility in global agricultural commodity markets, the company said.
Activ International acquires NJ-based Summit Hill Flavors
Activ International Group has acquired New Jersey-based Summit Hill Flavors in order to expand its presence in the United States’ savory flavors market, the company has said.
Corn prices stabilize after reaching two-year peak
Corn prices stabilized overnight after their biggest rise since 1973 on Monday, following a government downgrade of harvest forecasts at the end of last week.
Corn Products International completes National Starch acquisition
Corn Products International has completed its acquisition of National Starch, the specialty starches business of AkzoNobel, the company said on Friday.
USDA reports strong sugar supply despite quotas
Sugar imports and increased domestic production more than offset the growing shortfall under the raw sugar tariff rate quota (TRQ), according to the USDA’s latest sugar and sweeteners outlook report....
Kraft predicts additional $1bn revenue from Cadbury
Kraft has said it expects to make an additional $1bn in revenue by 2013 because of better access to global markets and distribution networks following its takeover of Cadbury earlier...
What is candy? Comments sought on definition
The Streamlined Sales Tax Governing Board has requested comments on a proposed definition of candy for tax purposes, which excludes confectionery that requires refrigeration or contains flour.
FAO official warns of continued market volatility
A senior FAO official has argued that current instability in food commodity markets is unlikely to unravel into a crisis but warned that turbulence is here to stay.
Action needed to tackle US food insecurity, says ADA
Systematic and sustained action is needed to eliminate food insecurity in the United States, according to a new position paper from the American Dietetic Association (ADA).
Wheat volatility leads to surge in global food prices, finds FAO
The FAO has revised downward its forecast for 2010 world wheat production levels and reports that wheat market dynamics drove international food prices up in August by 5 per cent...
Food price inflation lowest since 1992, says USDA
The US Department of Agriculture (USDA) has forecast that food price inflation will be at its lowest level for 18 years in 2010, despite recent sharp rises in staple food prices.
Better understanding of food price impact needed: Study
A greater appreciation of the impact of food costs on food choices is necessary for more effective nutrition policy, claims a new study in the American Journal of Clinical Nutrition.
MGP Ingredients profits from restructuring during 2010
MGP Ingredients returned to profitability in fiscal 2010 on the back of higher sales of food grade alcohol, the company has said, after sustaining heavy losses for the previous two years.
Campbell Soup may bite into United Biscuits
Campbell Soup Company is considering making a move on the biscuit arm of the British-based firm United Biscuits, according to press reports.
US confectioners urge Mexican border dispute resolution
A new 20 percent tariff on American chocolate and gum being shipped into Mexico has prompted an outcry from US confectioners, as the Mexican government has introduced a raft of...
Pricing not enough to effect long-term dietary change: Study
Increasing the price of less healthy foods may not work to reduce consumption unless accompanied by educational programs and an overall change in cultural norms, suggests a new study in...
FTC gives go-ahead to Corn Products-National Starch deal
Corn Products International has said the Federal Trade Commission (FTC) has given initial approval of its $1.3bn acquisition of National Starch, with the deal expected to be finalized by early...
ADM, Cargill et al stand to benefit from Russian grain ban
The Russian ban on grain exports will boost profits at ADM, Cargill and Viterra in the coming months, according to credit ratings agency Moody’s.
SunOpta cites interest in natural and organic for revenue rise
Canadian natural and organics group SunOpta has reported a surge in operating income to C$11.8m in the second quarter of 2010, up from C$4.6m the previous year, reflecting continued interest...
Sports drink stabilizer alternative to gum arabic
Cargill has introduced a new starch-based stabilizer for use in sports drinks as a possible replacement to gum arabic – an ingredient susceptible to supply and cost issues.
World wheat shortage unlikely, says US agriculture secretary
US Department of Agriculture (USDA) Secretary Tom Vilsack said on Tuesday that world wheat supplies are robust, despite fires that have devastated Russian wheat crops and flooding in Canada.
GLG’s profits boosted as proprietary stevia leaf comes on line
Stevia supplier GLG Life Tech’s gross profits increased 126 percent in the first half of 2010, and revenue grew 35 percent, to C$18.7m, boosted by development of its proprietary stevia...
Rapid revenue rise at Senomyx driven by new products, R&D deals
California-based flavor firm Senomyx has reported a 91 percent increase in revenue for the second quarter of 2010 compared to a year earlier, boosted by sweetness enhancer R&D and further...
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