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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.
Study shows growing price gap between healthy and junk foods
There is a growing disparity between the price of nutrient-dense and less nutritious foods, according to a new study in the journal Food Policy.
Tainted packaging recall hits Kellogg profits
Kellogg has said the massive recall of breakfast cereal due to tainted packaging was a major factor behind it posting a 15 per cent drop in profits for the second quarter.
Ajinomoto announces MSG price rise on strong demand
Ajinomoto Food Ingredients has said that it will increase the price of its monosodium glutamate (MSG) due to strong global demand and higher raw ingredient and energy costs.
Corn Products sales surge in Q2; to finalize National Starch deal in Q3
Corn Products International has said it expects to finalize its National Starch takeover by the end of the third quarter, as it reported a ten percent rise in sales compared...
PureCircle shares slump on warning of lower profits
Stevia supplier PureCircle saw its share price plummet yesterday (Tuesday) after it said in a trading update that its profits for fiscal 2010 would be down on last year.
Snyder’s-Lance merger creates no. 2 US salty snack company
Salty snack makers Snyder’s of Hanover and Lance, Inc. have signed a merger deal that creates the second largest salty snack company in the United States after Frito-Lay.
Food industry execs report recession rebound: Survey
The food and beverage industry is beginning to emerge from recession, with two-thirds of executives saying they are seeing better revenues and profits compared to the same period last year,...
Innovate to interest post-recession consumers, says GMA
Consumer packaged goods companies need to change tactics as America emerges from recession, say the Grocery Manufacturers Association (GMA) and PriceWaterhouseCoopers (PWC). Brand divestment and cost-cutting is out, innovation and...
‘Authentic’ ethnic trend drives McCormick Indian spice investment
Seasonings and flavorings firm McCormick has signed an agreement to purchase a 26 percent share in Eastern Condiments Private Limited, an India-based spice and seasoning business, the company has said.
NutraCea prepares to exit bankruptcy
Rice bran ingredient supplier NutraCea has said it expects to exit bankruptcy later this year after having filed for Chapter 11 protection in November to allow the company to restructure,...
Private label sector achieved all-time high in 2009
The private label sector reached all-time highs in terms of sales volumes, revenue and market share last year, according to new figures from the Private Label Manufacturers Association (PLMA).
FAO calls for ‘limited’ regulation of food futures markets
Some regulation of commodities futures markets could be beneficial – but should stop short of tight limits or an outright ban, the Food and Agriculture Organization (FAO) has said in...
Hydrocolloids industry unmoved by Corn Products’ National Starch deal
Corn Products International’s $1.3bn acquisition of National Starch is unlikely to have an impact on the hydrocolloids industry as a whole, as starches are in ‘a field of their own’,...
Why Corn Products is moving into Europe
The planned acquisition of National Starch will launch Corn Products into Europe, and give it more leverage when dealing with five or six major food manufacturers that aim to...
Corn Products buys National Starch for $1.3bn
National Starch is to be sold to US-based Corn Products International for US$1.3bn, current owner Akzo Nobel has confirmed. The news ends over two years of speculation over the business’...
ADM outlines strategy for growth
Archer Daniels Midland (ADM) intends to grow profits in the year ahead through acquisitions as well as expanding its existing business, the company said in a presentation to investors this...
BASF doubles nutrition technical staff in New York shift
Enhanced waters, carbonated soft drinks, still beverages, dairy products, instant beverages, nutrition bars and baked goods are being targeted by BASF as part of an intensified nutrition push in the...
Wheat, oils and dairy prices to stay up 40% for next decade, FAO
The FAO is cautiously optimistic about the prospects of food commodities in the wake of economic upheaval in the past two years, but average prices for wheat and grains, vegetable...
Scientists call on FDA’s Hamburg to update fish recommendations
“Concerned” scientists from both sides of the Atlantic are urging Margaret Hamburg for the FDA to complete its 2009 draft assessment on fish consumption for pregnant women.
Nutter’s soda tax shelved as Philadelphia passes budget
Philadelphia City Council has shelved a proposed soda tax in the state, as it passed a $3.9bn budget on Thursday.
Cellulose ingredient prices rise due to Chinese fabric demand
An increase in demand for rayon fabric in China has led to higher prices for microcrystalline cellulose, a stabilizer for foods, drinks and personal care products, and an excipient for...
GLG Life Tech narrows loss as revenues increase
Stevia supplier GLG Life Tech has narrowed its first quarter loss from $1.5m to $1.3m as it continued to capitalize on growing demand for the zero-calorie sweetener, the company said.
SunOpta sells Canadian food distribution assets
SunOpta has announced the sale of its Canadian food distribution business, which the firm says is part a strategy to focus on its core manufacturing platform.
Candy tax due in Washington next month
A sales tax on certain candy and gum products is due to come into effect in Washington State on June 1, as part of the state’s effort to plug its...
Kraft Q1 revenues soar by 26 percent after Cadbury acquisition
US food giant Kraft has announced first quarter 2010 revenues up 26 percent to $11.3bn after its acquisition of British food and confectionery company Cadbury.
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