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.
Sugar reform advocates ‘disappointed’ with lack of policy debate
Sugar users have said they are disappointed that both the Senate and House Agriculture Committees have voted to advance the 2012 Farm Bill without amending current sugar policy, which they...
Grocery spend is increasing but consumers are still cost-conscious: Market research
US consumers are beginning to spend more on groceries – but are still looking for ways to maximize their spending at the supermarket, according to a new research report from...
Judge denies Hostess’ bid to reject Teamsters contracts
Bankruptcy Judge Robert Drain has denied Hostess Brands’ bid to scrap labor contracts for members of its largest union, the Teamsters, in a move that leaves Hostess having to rethink...
USDA predicts record corn harvest
The US Department of Agriculture (USDA) has predicted a record corn harvest in 2012-13, potentially easing cost pressures on food manufacturers by the end of the calendar year.
Imperial Sugar reports $6.5m loss in Q2
Imperial Sugar Company reported a net loss of $6.5m in the second quarter, compared to a net profit of $4.2m in the prior year period, while net sales were up 5.6%.
Food grade alcohol and ingredients boost MGPI sales
MGP Ingredients (MGPI) reported a 34% increase in sales in the first quarter of 2012, led by food grade alcohol and better results in its food ingredients segment.
High raw material costs continue to weigh on IFF in Q1
High raw material costs continued to impact International Flavors and Fragrances (IFF) in the first quarter, as it reported a 4% decline in net profit, the company reported on Wednesday.
Higher prices boost Kraft profit in Q1
Kraft Foods reported a 1.8% increase in first quarter profit after it raised prices for its products around the world and increased sales of its ‘power’ brands, particularly in developing markets.
GLG Life Tech receives cease trade order
Stevia supplier GLG Life Tech has stopped trading on the Toronto Stock Exchange after it received a full cease trade order from the British Columbia Securities Commission, due to delayed...
![The US grocery market will remain 'difficult' for the forseeable future, predicts Unilever: "The overall market grew not more than 2% in value with negative volume [in Q1, 2012]."](/var/plain_site/storage/images/publications/food-beverage-nutrition/foodnavigator-usa.com/business/unilever-recovery-in-us-economy-is-mixed-and-slow/6608263-1-eng-GB/Unilever-Recovery-in-US-economy-is-mixed-and-slow_dnm_thumb.jpg "The US grocery market will remain 'difficult' for the forseeable future, predicts Unilever: \"The overall market grew not more than 2% in value with negative volume [in Q1, 2012].\"")
Unilever: Recovery in US economy is mixed and slow
Conditions will remain difficult in the US food and beverage market, despite periodic glimmers of hope, bosses at Unilever have cautioned.
Global food prices on the rise again, says World Bank
Higher oil prices, adverse weather, and Asian demand drove global food prices up 8% in the first three months of 2012, impacting most major commodity ingredients, according to a new...
DuPont profit climbs on higher prices and agriculture sales
DuPont posted higher profits and revenue for the first quarter of 2012, citing higher prices and increased sales in developing markets, as well as continuing benefit from last year’s acquisition...
Meat and cheese driving higher retail prices, says AFBF
Meat and cheese were the strongest drivers of higher retail food prices during the first quarter, according to an informal survey conducted by the American Farm Bureau Federation (AFBF).
DuPont opens new $40m R&D facility in Iowa
DuPont has opened a $40m, 200,000 square foot plant genetics research facility in Johnston, Iowa, to focus on plant breeding and research and development of new transgenic products, the company...
Food stamps “significantly” reduced poverty during recession: USDA study
Participation in the federal food stamp program, officially known as the Supplementary Nutrition Assistance Program, or SNAP, significantly reduced poverty levels during the recession, according to a new USDA study.
US judge dismisses milk price-fixing racket claims against Dean Foods
Dean Foods has announced the dismissal of a Tennessee retailer-led action alleging that – together with other defendants such as Dairy Farmers of America – it conspired to only buy...
Viterra confirms exclusive acquisition talks
Canadian agribusiness firm Viterra has confirmed it is in exclusive discussions with a third party about a possible sale, after trading of its shares was halted on the Toronto stock...
Viterra sets up sales process following potential buyer rumors
Canadian agribusiness firm Viterra has set up a process to review potential bids, but has warned it cannot guarantee that a deal will result, the company said on Thursday.
Ralcorp receives negative outlook from ratings agency
US-based cereal and snacks firm Ralcorp has received a negative outlook from credit agency Standard & Poor’s (S&P) as it struggles to limit its debts.
Hostess appoints new CEO to lead it out of bankruptcy
Beleaguered Twinkies and Wonder Bread maker Hostess Brands has appointed Gregory Rayburn as CEO to lead it out of Chapter 11 bankruptcy, replacing Brian Driscoll, whose resignation was effective on Friday.
Post Q1 profits down 45% on lower cereal sales
Higher raw material costs and lower cereal sales saw first quarter profits at Post Holdings fall 45%, as it reported its earnings results for the first time since its spin-off...
Imperial to sell Wholesome Sweeteners stake to boost liquidity
Imperial Sugar Company has agreed to sell its 50% stake in Wholesome Sweeteners for around $55m-$60m.
SunOpta reports Q4 loss, following job cuts announcement
Canadian natural and organics group SunOpta has reported a net loss in the fourth quarter on charges related to some of its assets and inventories.
ADM announces plan for 20% more job cuts
Grain processing giant Archer Daniels Midland (ADM) has said it will lay off about 20% more employees than previously announced, bringing the total number to about 1,200 or 4% of its global workforce.
‘Post-holiday pressure’ to blame for weak consumption in US grocery, says Campbell Soup
“Post-holiday pressure” is to blame for lackluster sales figures across most packaged food categories in January according to Campbell Soup boss Denise Morrison.
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