Food giant Kraft, which saw earnings drop 13.5 percent in third
quarter earnings yesterday, moved a step closer to being spun off
from parent Altria after a $280 billion government lawsuit against
the tobacco industry fell through.
Leading pectin and xanthan gum supplier CP Kelco becomes the latest
hydrocolloid firm to pass costs onto the market, announcing price
rises across its biogum, carrageenan and cellulose gum range.
Growing concern over trans fats is spilling into the restaurant
sector, triggering fears that cooking oil suppliers and restaurants
are not adapting quickly enough to consumer demands.
