Kraft, in its second quarter results, reports continuing challenges ahead for its gum and candy division in developed markets, and claims the Cadbury takeover is a fundamental earnings driver, with its global chocolate earnings up 9 per cent.
DSM has tendered its 4.95 per cent stake in Danish ingredients firm Danisco, after buyer DuPont raised its offer to DKK700 on Friday following discussions with major shareholders.
Breakfast cereal manufacturer, General Mills, admits it fell far short of goals for 2010 in terms of reducing energy consumption and greenhouse gas emissions (GHG) but has flagged up a packaging commitment.
Nut and snack maker Diamond Foods has increased its outlook for fiscal year 2011 after volumes rose 40 per cent in Q1 following the acquisition of Kettle Foods.
American children now see less TV advertising for confectionery products, but more for fast food, according to a new study that recommends continued monitoring of marketing practices and food company pledges.
The food industry has a window to research ways to reduce saturated
fat in products before the UK's FSA starts its consumer awareness
campaign at the end of this year, says an expert from ADM who is
anticipating a swell of interest...
Coca-Cola posted a 20 per cent improvement in operating revenues,
amounting to $28.8bn during the full fiscal year as the company
harnessed its international presence to drive growth in both its
carbonated and non-carbonated brands.
This week, Fonterra reveals its milk supply concerns, Saputo posts
profit growth from its North American focus, and Parmalat says it
is meeting its financial expectations for the year.
The majority of consumers do not think that nanotechnology should
be used in food applications, according to a survey from German
risk assessor BfR, and they are more likely to trust information
from consumer groups than politicians...
Irish food group Greencore has reported a strong performance for
the first full year since its exit from the sugar market, largely
driven by recovery of the malt markets.
A new biomass boiler in Tate & Lyle's East London refinery,
considered a first for the UK food and drink industry, will slash
carbon emissions from energy use by 25 per cent in less than two
years.
UK-based Associated British Foods (ABF) today reported real
operating profit increased by 11 per cent in 2007,
despite EU sugar reforms and the weak US dollar's effect on
margins.
Suedzucker has adjusted its profit and revenue expectations for
full year 2007/8 following EU moves to make sugar reform more
attractive to growers, indicating that the industry efforts to
lessen the blow for the industry could be...
The global bread, rolls and biscuit markets are set to grow
substantially by 2011, aided by demands for luxury products,
according to two new reports from Datamonitor.
It may be a lucrative time for farmers, but the continuing boom in
grain and meat prices will put the squeeze on plant managers to
find ways to cut costs out of their supply chains.
The results of a consumer survey on healthy chocolate suggests that
the substance once considered solely as a sweet confectionery item
has made huge strides towards the realm of health foods.
Interesterified fats, seen by some as alternatives to unhealthy
trans fats, may also raise blood sugar levels and decrease insulin
levels, as well as adversely affecting so-called 'good' cholesterol
levels, says a new US-Malaysian...
British supermarkets are reporting that sales of berries have been
strong this year hitting £204m (€304m) despite adverse weather
conditions, due to consumer health trends.
West Europe's energy drink sales accelerated by 15 per cent to a
volume of 383 million litres and a value of over €3 billion in
2005, according to drinks consultancy Zenith International.
Novozymes has reported 'highly satisfactory' results for the first
nine months of 2006, enabling the enzyme giant to adjust the
outlook for earnings upwards.
Scientists at Symrise have reported the potential of benzyl amides
as potential bitter-masking compounds for food and drink, research
that may lead to cheaper alternatives for food scientists and
formulators.
This years European crop production has been significantly affected
by last months heat waves, according to the European Commission,
which expects decreased yields of commodities including soft wheat,
winter barley and grain maize.
A consumer advocacy group has released the names of poultry
processors whose plants failed federal standards for Salmonella,
faulting the industry and regulators for not doing enough to reduce
the foodborne pathogen.
US red meat and poultry production in 2007 is projected to grow at
a considerably slower rate than expected this year, while
consumption is expected to increase marginally, according to an
agriculture department forecast.
Kraft Foods has recorded stable first quarter results, masking
falling operating income with a favourable tax settlement and
raising prices to combat spiralling production costs.
Like many other food producers General Mills is suffering from
rising costs, which are holding back profits, despite increasing
sales, according to the latest financial report.
The announcement that Mauricio Graber will take over as head of
Givaudan's flavours division comes after the firm reported modest
flavour results for 2005.
Heinz is the latest company reporting continuing sales weakness in
western Europe, with the US multinational's first quarter results
in the region damaged by falling demand for its frozen and seafood
products.
Grasping the booming opportunities in the Chinese food and beverage
market, Japanese food conglomerate Kagome has linked up with
Chinese firm to bring vegetable and fruit juices to the market.
Underlining the massive potential that exists for food makers and
ingredients players in China, new data reveals only about 30 per
cent of food in China is processed, compared to 80 per cent in
western nations, reports Lindsey Partos.
Australia, the world's second largest wheat exporter, may be facing
up to a 30 per cent fall in its grain production this year, says a
report released yesterday by the Australian Bureau of Agricultural
and Resource Economies...
Knocked by an economic slowdown and the strength of the Euro
against the US dollar, growth in turnover for the European food and
drink industry rose by a 1.9 per cent wisp from 2002 to 2003,
concludes a new report from the US government,...
The publicity craze surrounding nutritional content and labelling
has helped these two issues replace BSE as the biggest food
concerns among an increasingly sceptical British public - warning
the food industry to stay on its toes,...
Ongoing impact of consolidation in the global food and drink
industry is evident in the cost-cutting exercise by Novozymes', the
world's number one enzyme supplier, set to relocate all Swiss
supply chain operations to Denmark...
Convenience, that dominated growth in global product categories
form 2003 to 2004, will drive new product development in the next
12 months. Drinkable yoghurts, sugar substitutes and pre-prepared
foods all enjoyed year on year double-digit...
Red wine has potent bacteria fighting properties, suggests new
research from scientists in the US that examined the impact both
red and white wines could have on a range of common food pathogens.
The recent bolt on acquisition of Rhodia Food Ingredients lifted
sales for Danisco in an otherwise challenging first quarter for
2004/2005 but efforts to improve margins appear to be paying off,
writes Lindsey Partos.
Consumption of fresh fruit is on the rise in the UK, shows new
government data, leading to a notable increase in intake of vitamin
C. But a decline in other foods such as milk means calcium, iron
and other nutrients are still lacking...
