Cereal and snack producer Kellogg will have the edge over
arch-rival General Mills over the next few years as superior
innovations in the premium health sector and a more focused product
portfolio drive the firm forward, writes Chris...
US oilseed and cocoa processor Archer Daniels Midland (ADM) said on
Monday it will post a gain of $93 million in its fiscal third
quarter, due to the sale of a 27.9 million share stake in UK starch
and sweeteners firm Tate & Lyle,...
Coca-Cola says it needs to take a more aggressive stance to
marketing its brands as a new report shows that the US carbonated
drinks market continues to struggle.
Contributing the biggest revenue stream to Givaudan, the flavours
unit posted sales of CHF 1.6 billion (€1 billion) sales in 2004,
representing stagnant growth on a like-for-like basis in Swiss
francs.
The agriculture secretary expressed his disappointment on Wednesday
that a judge has ruled to temporarily block plans to reopen the
border to young Canadian cattle.
We reported on Wednesday that sales of the sweetener neotame had
increased four-fold during the last 12 months. Philippa Nuttall
spoke to NutraSweet's CEO to find out the reasons for this success.
Strong sales of ketchup helped keep sales buoyant at Heinz during
the third quarter, though a write-down of its investment in Hain
Celestial provoked a 25 percent drop in earnings.
Sales of the sugar substitute neotame more than quadrupled last
year as food and beverage manufacturers searched for low calorie
alternatives in the face of rising obesity, said its makers,
writes Philippa Nuttall.
The sale of Chr Hansen's ingredients arm gains pace with reports
suggesting the unit could fetch nearly €1 billion ($1.31 billion),
writes Lindsey Partos.
Major food commodity processor and ingredients supplier Archer
Daniels Midland (ADM) will expand cocoa operations in Brazil to
match expansion of current product lines, the firm said this week.
The news this month that the world's number one drinks giant Coca
Cola has linked up with Tate & Lyle's Splenda sweetener in a
new branding venture could signal the beginning of a new wave of
ingredient - manufacturer...
PepsiCo has become the latest company to bow to pressure on the
food industry from the rising tide of obesity, introducing
voluntary restrictions on its advertising to children, according to
an article in today's London-based...
CP Kelco, now part of the JM Huber Corporation, has launched
Kelocogel HS-B gellan gum - a competitively priced alternative to
improve the suspension of soy, cocoa and minerals in soy-based
beverages.
Mexican-style sauce, pickles and peppers producer B&G Foods is
to close its Louisiana plant and move its operations to other
exisiting facilities in an attempt to be more efficient.
Flavours and texturants firm Degussa will shrug off its fruit
preparation business to an American equity company in a sale that
prepares the ground for a total divesture of its remaining food
ingredients unit.
Northland Cranberries said on Wednesday that it had sold its
branded juice business to Port Washington, New York based Apple
& Eve for around $10.8 million, causing the loss of 35 jobs.
Natural and organic food chain Wild Oats yesterday blamed a greater
than expected take up of its holiday rewards program and ongoing
expenses related to the opening of new stores for a
wider-than-predicted quarterly loss.
The acquisition of Multifoods boosted the Q3 earnings of leading
producer of jams, jellies and preserves JM Smucker, according to
results out last Friday.
Underlying the destructive power of foodborne disease against the
backdrop of the increasingly complex food industry, the head of a
food safety centre warns the rise in demand for food carries an
"invisible price tag".
Race for the next high margin ingredient continues as the UK maker
of Splenda sweetener signs off $46 million over the next five years
to invest in "next-generation food and industrial ingredients".
Flavors company Sensient Technologies said last week that
fourth-quarter earnings rose 2.5 percent, lifted by foreign
exchange rates and higher profit from sales of traditional flavors
in Europe and North America.
The Florida Consumer Action Network (FCAN) on Wednesday added its
voice to the chorus calling for the FTC to examine the McNeil
Nutritionals led advertising campaign for the artificial sweetener
Splenda, writes Philippa Nuttall.
With the countdown extended, talks continue this week in Geneva
between the US and Brussels to move the entrenched trade dispute on
genetically modified organisms forward.
Democrats Tom Harkin and Eliot L. Engel wrote a hard-hitting piece
in the LA Times on Monday about the human cost of the chocolate
trade, but the cocoa industry has hit back by reaffirming its
commitment to responsible farming.
Swiss Research believes it has created the "holy grail" of
sweeteners, a natural alternative to the synthetic varieties
frequently lambasted by the media, it officially announced on
Tuesday, Philippa Nuttall reports.
House of Bread Franchising has finally decided to start producing
organic bread after a decrease in ingredient prices makes
production a viable business option, reports Philippa
Nuttall.
Several recently published studies have revealed the nutritional
benefits of peanuts and USDA figures released last week show that
there is no shortage of supply for food manufacturers.
An increase in research and development and other expenses caused
Senomyx's revenue to slip 23 percent in Q4, according to the
results published by the company last week.
Global stocks of soybeans continue to rise after last year's price
spiking draw-down, with oilseed production for 2004-05 projected to
reach 390.2 million tonnes, providing a 'comfort-zone' for
inventory levels.
Food manufacturers who haven't yet decided to rethink their product
ranges based on the recently released dietary guidelines should
perhaps do so, according to new research.
Prices for key raw materials used by the food industry are lighter
this month on gains in wheat, corn and soybean inventories, but
analysts suggests wheat prices are open to upside risk.
Sales are down but profits have perked up for chemical giant
Imperial Chemical Industries (ICI) with National Starch bringing a
considerable chunk to the growth.
The hurricanes that swept through the US last year caused great
devastation to many crops. Grapefruit prices, in particular,
soared, provoking flavor companies including IFF to come up with
alternatives, Philippa Nuttall reports.
Sales and consumer awareness of sweetener from UK manufacturer Tate
& Lyle look set to rise as number one global soft drinks player
launches a new version of Diet Coke, complete with Splenda
sucralose logo on the packaging, writes...
Bunge, the biggest processor of oilseed in the world, was extremely
upbeat about its results yesterday, despite volatility in the
fourth quarter keeping profit back to five percent, writes
Philippa Nuttall.
Food manufacturers need focused, attractively branded portfolios
and the ability to offset cost pressures through cost savings and
margin improvement if they are to succeed, according to a report
published last week.
Global processed food sales are today worth $3.2 trillion, but
according to a report published this month by the Economic Research
Service, this trade has been stalling since the 1990s forcing food
manufacturers to look at new ways...
Imperial Sugar yesterday (Thursday) announced a higher
first-quarter profit, but predicted that operating income would
fall significantly in 2005 as the sugar industry remains
challenging, reports Philippa Nuttall.
Europe and the US continue to dominate demand in the €4.5 billion
flavours market, but Asia Pacific region is quickly catching up
thanks to high single-digit growth, reveal figures from a new
report, writes Lindsey Partos.