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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.

California raw milk producers deserve whey more from processor pricing - campaign

California-based dairy producers have called for an increase in the price paid to them for raw milk by cheese processors, in an effort to collect a greater share of the market value...

Saputo opposes raw milk price increase after ‘negatively impacted’ FY 2012 results

Dairy giant Saputo has called on authorities in California not to increase the price paid by processor for raw milk in the state, after posting results “negatively impacted” by a...

Flowers Foods CEO: 'Lepage will bring efficient bakeries with available production capacity, access to markets in the Northeast, new products and brands, and more than 550 staff... '

Flowers Foods to buy Lepage Bakeries in $370m deal

Just days after its CEO told analysts his firm was in “great shape” to do more deals , Flowers Foods has announced plans to expand its bakery empire in the Northeast...

Campbell’s fails to heat up soup sales as profit slips 5%

The Campbell Soup Company saw its profit fall 5.4% on declining soup volumes and higher costs in the third quarter, although sales in its US beverages and snacking segments were up.

Photo credit: World Cocoa Foundation

Cocoa deficit to bring prices higher, predicts Rabobank

A consecutive deficit in 2012/13 is set to move cocoa prices higher as supply struggles to meet rising demand for chocolate products in Asia, according to financial services group Rabobank.

Kale: Expensive per calorie - but great value for money?

Are healthy foods really more expensive? Not necessarily, say USDA researchers

Many Americans claim that the reason they choose less healthy foods is because it costs more to eat healthily, but a new analysis from the Department of Agriculture claims that...

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...

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.

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.

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...

Will commitments from McDonald's and Walmart raise awareness about sustainable palm oil in the US?

Sourcing affordable segregated sustainable palm oil remains ‘extremely difficult’ in the US, says Cargill

The US is starting to catch up with Europe in the sustainable palm oil stakes, but cost remains a major hurdle, says Cargill.

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).

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...

Black, food-grade vanilla tends only to be used to flavour premium ice cream (Picture Copyright: Allie Bishop Pasquier)

‘Spice spice baby’: Possible price hikes loom for premium vanilla ice cream?

Steep hikes in world prices for black vanilla could mean higher production costs for premium ice cream makers, according to commodity analyst Mintec, which is advising ice cream producers to...

Wheat supply still ‘comfortable’ after USDA lowers forecast, says analyst

The United States Department of Agriculture (USDA) has lowered its forecast for global wheat end stocks for 2011/12, but supply overall remains comfortable, according to an analyst.

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.

Bennink: Wave of innovations

Sara Lee sets the date for coffee and tea spin-off

The spin-off of Sara Lee’s international coffee and tea business is expected to be completed by the end of June 2012, the firm has revealed.

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.

Most Americans oppose soda tax, survey suggests

Most Americans do not support taxes on sugar-sweetened drinks, according to the results of a new survey published in the journal Public Health Nutrition.

Florida bill to prohibit “junk” SNAP food purchases passes committee

A Florida State Senate Committee has passed a bill intended to restrict purchases of certain foods under nutrition assistance programs, such as Food Stamps, or SNAP (Supplementary Nutrition Assistance Program).

Coupon use is now ‘a way of life’: Report

Coupon use continued to increase in 2011 as money-saving habits adopted during the recession have become a way of life for many Americans, according to media and marketing services company Valassis.

MA governor proposes taxing soda and candy

Massachusetts governor Deval Patrick has proposed eliminating a sales tax exemption on soda and candy in the state as part of the state’s 2013 budget, and plough extra taxes raised...

Mexican sugar shortage could lead to price hike unless USDA acts – analyst

Global sugar prices could rise following a shortage in Mexican production unless the US Department of Agriculture (USDA) allows additional imports, according to the Jenkins Sugar Group.

Cargill reports third consecutive quarter of squeezed margins, profits plunge 88%

Cargill has reported an 88% drop in profits in the second quarter, as volatile financial markets hit its commodity-based trading and asset management businesses.