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Food prices

Food prices

Commodity prices have a knock-on effect throughout the food supply chain, from growers to the supermarket shelves. For formulators, the challenge is to reduce reliance on more expensive ingredients, but still deliver products that have the taste and texture consumers have come to expect.

Record beef prices see FTB volumes increase, albeit slowly: Cargill

Is finely textured beef staging a comeback?

Could record ground beef prices in the US mean a return to finely textured beef (FTB)? 

Analyst: Top CPG firms not delivering on innovation, falling back into promotional trap

Pinnacle Foods boss: ‘We’re looking at this industry right now as very much a zero sum game. We're not seeing growth in total’

As several CEOs have recently observed, big brands are not getting so much bang for their promotional buck these days. But in the current climate, targeted trade spending is a...

Kraft: 'We have to unlearn what we believed to work in the past'

The food industry is caught up in a promotional trap, says Kraft CEO: ‘All of us have to realize it’s not the long-term way to run a business’

Trade spending is not delivering in the way that it used to, and if the food industry wants to deliver profitable growth, it needs to reallocate resources into bigger and...

‘When you overdo it it’s an arms race!’ IRI Consulting warns of US food and beverage promo fever

IRI Consulting warns that US food and beverage manufacturers risk a significant impact on their profitability when they get sucked into unduly aggressive promotional cycles.

DFA to pay $50m to settle Northeast US milk price lawsuit

Dairy Farmers of America (DFA) and its marketing arm Dairy Marketing Services (DMS) have agreed to pay a total of US$50m (€37m) to settle a class action lawsuit that alleged...

Now is a great time to sell your F&B business: Anchin

Despite tight margins and even tighter competition, it’s a great time to be in the food and beverage industry—and an even better time to be a seller, according to New...

Chinese xanthan gum prices hit all time low

Xanthan prices continue to be very competitive, guar prices remain steady and cassia prices have escalated owing to a reduced crop in India, according to a hydrocolloids analyst.

Mars: No immediate chocolate price increases in face of cocoa deficit

Mars says it is experiencing the same pressures on the cocoa market as Nestlé, but currently has no plans to raise chocolate prices.

Insights from the BASF 2014 Media Summit

Connecting the dots from ag to food

Is the farm-to-table movement all it’s cracked up to be? Is a healthy dialogue about GMOs even possible? Can we fix growing income disparities in the developed world? A group...

Special edition: Nuts, pulses and legumes

Omega-3 content sets walnuts apart from other tree nuts

Now that the mania about fat in the diet is mostly over the story has become that some fats are good. And as far as fat-rich tree nuts go, the...

No country for hard candy: Production stays in Mexico until US adopts ‘level playing field’ sugar regime, says Spangler Candy

US headquartered firm Spangler Candy says it will not move large volumes of its production back to the US from Mexico until the US government creates a domestic sugar regime...

News in brief

What will happen to food prices in 2014?

While the consumer price index (all food) rose a modest 1.4% in 2013, it is likely to rise 2.5-3.5% in 2014, predict USDA economists, who believe food price inflation will...

High cost of fruit and vegetables linked to higher body fat in young children: Study

High prices for fresh fruits and vegetables are associated with higher Body Mass Index (BMI) in young children in low- and middle-income households, according to new research.

Analyst: Expect more destocking of Kraft Foods and Smucker products at Wal-Mart this year

Food accounted for 37% of Wal-Mart’s US sales in 2012 vs 23% in 2002, but its growth has started to decelerate, and we can expect more destocking of major brands,...

Hain Celestial predicts ‘pricing actions across the industry based on the California drought’ - especially for almonds

Natural and organic products giant Hain Celestial says it expects to “see pricing actions across the industry based on the California drought”.

Children and chocolate: The sweet industry's bitter side

NGOs say human trafficking and child labor remain deep-seated problems of the cocoa industry as a Nestlé, ADM and Cargill court case stirs up old supply chain concerns.

Ingredion rolls out cost saving gelatin replacer for yogurt

Ingredion Inc. has rolled out a gelatin replacement ingredient, Etenia 457 potato starch, to help the dairy industry avoid the rising cost of gelatin in yogurt production. 

FNCE: Urban elites peddling ‘Old McDonald fantasy’ are driving food policy, says Michael Specter in speech dubbed by some as 'smug' and 'mocking'

Food policy must meet the needs of the rapidly growing global population, as well as urban elites in developed nations with “organic window boxes” promoting an ‘Old McDonald fantasy’, claimed...

60-second interview: Mark Clausen, VP sales, Quaker Maid Meats

Quaker Maid Meats VP Sales: ‘This is really an unprecedented time in the beef markets’

BBQ season might be winding down, but Quaker Maid Meats - the firm behind the top-selling Steak-Umm brand - is on a mission to inject fresh excitement into some mature...

An alternative to crushed bugs? Chr. Hansen explores producing carmine via controlled fermentation process

Natural colors expert Chr. Hansen has been exploring whether it is commercially viable to produce carmine - a natural red food color currently made from crushed cochineal insects - via...

Food fraud: Which ingredients are most vulnerable?

You can’t paint a horse like a cow and expect people not to notice – but grind their meat into patties and it may be a different story. So what...

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.

Chocolate giants granted subpoena in US price fixing suit

Hershey, Mars and Nestlé USA have been allowed to scrutinize transaction data from two of their customers that could determine which type of customers have a valid claim for damages...

Risk, rewards seen in new food importation scheme created by FSMA draft rules

New rules from FDA to implement the Food Safety Modernization Act will place significant new burdens on industry, observers say.  But the new food importation regime that will result could...

Special edition: Sustainable sourcing

SPECIAL FEATURE: In conversation with the WWF: The rocky road to sustainable palm oil

The good news: Around 15% of global palm oil produced in the past year was certified by the Round Table on Sustainable Palm Oil (RSPO). The bad news: Only half...