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Trends > 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.
Food makers turn to natural antioxidant blends to manage price spikes
Food manufacturers looking to extend shelf life with natural antioxidants have started using blended ingredients in an effort to deal with spiralling raw material costs, according to Frost & Sullivan.
WhiteWave CEO: The cost advantage of plant-based food and beverages over dairy will continue to grow
The economics of supplying plant-based foods and beverages over dairy will become increasingly compelling “because the cow is a relatively inefficient converter of grain into protein”, says the chief executive...
Veggie proteins, mini-meals and Millennials: ConAgra unveils Phil Lempert's top trends for 2013
Snackable mini-meals, veggie protein, healthier breakfasts and portion-controlled frozen foods will all gain momentum in 2013, according to ‘Supermarket Guru’ and TV personality Phil Lempert.
Sugar Update
EU greets added sugar supplies as US confectioners row with producers
Sugar users in the EU have welcomed plans to release more sugar to the market, while counterparts in the US have condemned the sugar lobby for allegedly exaggerating available supplies.
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.
Generation Xers are more frugal than baby boomers and seniors, says SymphonyIRI
Shoppers in Generation X (aged 35-44) are more frugal than baby boomers and seniors - but not quite as miserly as Millennials (aged 18-34), according to new research conducted by...
How much will this summer’s drought impact food prices in 2013?
While the cost inflation situation has eased recently eased for many food manufacturers, summer drought conditions are widely expected to put renewed pressure on food prices in 2013.
US COMMODITIES CORNER
Milk protein prices jump 13% in October - Part Two
In part two of his October dairy commodities breakdown, MilkPrice blogger John Geuss gives DairyReporter.com the latest on cheese and butter demand and quick look ahead to November, December and the coming...
US COMMODITIES CORNER
Milk protein prices jump 13% in October
US milk protein prices increased by 13% in October. But does the price increase have the momentum to carry milk protein prices to the "exceptional highs" of 2008? US commodities expert and MilkPrice blogger John Geuss gave...
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...
Big Interview: Dave McLaughlin, World Wildlife Fund
WWF: Industry should buy into GreenPalm today, or it will struggle to source fully traceable sustainable palm oil tomorrow
Food manufacturers are beginning to realize that buying more GreenPalm certificates now might be the only way to stimulate enough production of sustainable palm oil to make fully traceable products...
The state of the US food retail market: Slower and negative growth… and rediscovering Walmart
Does size matter? The answer is yes, if you’re supplying the US food retail market, with new data revealing that food and beverage manufacturers turning over less than $1bn have...
How easy - and how expensive - is it to source non-GMO ingredients?
With the debate over Prop 37 heating up, a new class action lawsuit over ‘all-natural’ claims on products containing GMOs filed every week, and Monsanto in the firing line following...
ConAgra Foods: ‘We believe in frozen, we have an innovation machine’
While higher ticket prices have dented volumes of its Banquet brand, ConAgra is predicting a steady rebound in the frozen case this year as innovative new products gain traction.
Bakers: US sugar prices are still 50-75% higher than world prices
The American Bakers Association (ABA) says it is only a matter of time before “some form of a [sugar] reform amendment passes in the House”, although sugar producers say the US...
US COMMODITIES CORNER
August milk prices show significant increases
As a result of increased and unexpected US demand for cheese and butter in recent weeks, milk prices in the country have jumped by more than a dollar per hundredweight....
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...
Wheat price hike likely, says analyst
Bakery and snack manufacturers can expect a higher wheat price in the coming months as the US drought has hit the maize market putting pressure on wheat supplies amid export...
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,...
USDA predicts strong food price inflation as drought continues
The US Department of Agriculture (USDA) is predicting substantial food price increases in 2013, if not sooner, due to the ongoing drought now affecting more than half of all US farmland.
Judge approves Land O’ Lakes $25m settlement over alleged egg price fixing
A federal judge has given final approval to a $25m settlement from Land O’ Lakes and its subsidiaries Moark LLC and Norco Ranch over alleged egg price fixing.
Food companies are desperate to get off the guar gum rollercoaster, says hydrocolloids expert
Guar gum prices have taken a rollercoaster ride over the past couple of years - and at IFT in Las Vegas, hydrocolloid expert Dennis Seisun said all bets were on...
Global sugar prices down due to expected surplus
Worldwide sugar prices have fallen in the second quarter (Q2) of 2012 as the market is projected to record a surplus for the next two seasons, according to Rabobank International.
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