Food manufacturers using pecan nuts in their food products can
expect a hike in price as recent hurricanes in the US destroyed
nearly half the crops in major producing states.
Kellogg reported a solid 7 percent increase in its earnings for the
third quarter with the North America region also putting up a
strong performance thanks to the successful introdution of new
product lines.
United International Enterprises Limited (UIE), the majority
stakeholder in vegetable oil firm Aarhus United, confirms it will
sell its considerable stake in the Danish firm, due to be divested
by January 2005.
In line with growing consumer demand for organic products, Butter
Buds Food Ingredients has introduced a certified organic line of
natural butter, cream and cheese concentrates.
After a slightly slow start to the year, the confectionery group
Hershey Foods, saw sales rise and the gross margin expand in the
third quarter, despite rising commodity costs.
Novis, now with almost half a million readers, yesterday earned
broad industry recognition with two further publishing awards,
following on from its best publication prize earlier this year.
Corn Products International has announced improved sales and
improved earning for the first nine months of 2004, though as the
company had previously forecast, the second half of the year is
proving more challenging.
Colors and flavors group Sensient Technologies this week reported
an increase in earnings for the third quarter of 2004, a welcome
result after a drop in profit in the first six months of this year.
Coca-Cola, which until now has struggled to make its mark in the
profitable energy-drink market, hopes to rectify the situation with
the launch of Full Throttle early next year in the US.
The battle for market share in the growing zero trans fats oil
marketplace has gathered pace after a small US co-operative joined
the large commercial players by rolling out its first batch of
trans fat-free soybean oil.
Despite acknowledging last week that considerable investments in
R&D and production facilities, designed to support the low carb
surge, would impact sales in the first quarter of 2005, wheat
protein and starch supplier MGP Ingredients,...
Soy products firm Solbar Industries is to set up a new company
specialized in sugar analysis, which will market its technology for
use by manufacturers of dairy products, protein-rich foods and
probiotic products.
Natural Foods Group Hain Celestial has confirmed it will purchase
the new natural vanilla flavor created by Technology Flavors &
Fragrances (TFF) for use in its products.
A rise in global stocks of wheat after a 30-year low will offer
continued relief to the tighter prices experienced by the food
industry in previous years, but the food chain still needs to stay
on the alert.
Food scientists continue to roll out tools in the fight against
foodborne pathogens as researchers in the US design a new biosensor
to detect the potentially deadly bacteria Listeria
monocytogenes.
Cargill, the largest private firm in the US, will link up with
biotech giant Monsanto to bring food makers an alternative source
of soybean oil, used to reduce the artery-clogging trans fats in
food products.
All Big G breakfast cereals produced by General Mills are to be
made with whole grains as the company strives to create a
responsible image in the face of increasing public health concerns.
But the company claims it has not sacrificed...
Competition in the sweeteners market could move up a gear in the
near future as Japanese scientists harness production capacity for
the taste-altering protein miraculin that makes sour foods taste
sweet,reports Lindsey Partos.
Number one natural colours firm Chr Hansen builds on ambitions to
penetrate deeper into this growing market with the launch of a new
range of natural reds that tackle stability for beverage
formulations, reports Lindsey Partos.
More science is needed to encourage food and drink makers to invest
in new formulations using third generation whey products, finds a
new report that suggests more clinical trials and documentation
could overcome this barrier to growth,...
Damage from Hurricane Ivan that struck the US last week could send
prices for peanuts, a common confectionery ingredient, rising as
reports suggest that virtually all of the nation's 2004 peanut crop
could be at risk.
Archer Daniels Midland (ADM) has been rewarded for its innovation
in the field of edible oils and fats for its development of the
NovaLipid line of zero and low trans fat oils.
Fiber-enriched products are the next big thing to hit the US health
food market after the low-carb fad, according to a survey carried
out by the Naples, New York database company Productscan Online.
Burcon NutraScience and the Fraunhofer Institute have concluded the
first phase of their investigations into the potential health
benefits of the canola proteins, Supertein and Puratein.
Ahead of new rules on the labelling of trans fatty acids in the US
due in 2006, biotech group Monsanto has designed low-linolenic
soybeans that can make a soybean oil for food firms looking to
eliminate trans fats in food formulations.
Huge swathes of products in the US have been deemed inappropriate
for consumers seeking to lose weight. But the processed cheese
brand The Laughing Cow, has benefited from one fad, with US sales
rising by more than 250 per cent after...
Natural foods group Hain Celestial Group has reported a mixed bag
of results for fiscal 2004, announcing a healthy 17 percent
increase in sales over the year, though net income was down on
2003.
Mitsubishi has strengthened its foothold in the North American food
market with its purchase of the ingestibles business of Dublin,
Ohio based Ashland Distribution.
The United States International Trade Commission (ITC) has decided
to pursue its investigation into alleged dumping of the
hydrocolloid ingredient purified carboxymethylcellulose (CMC) after
an initial complaint by Aqualan, a division...
With the market for certified organic products continuing to grow,
demand for organic hydrocolloids has also expanded - prompting the
leading supplier of hydrocolloids to the US food industry to launch
an organic version of its guar...
Brazil, a leading exporter of soybeans and key competitor with the
US, is worried that rising production costs for soybeans could eat
into local farm profits next season, while global stocks rise,
according to fresh figures from the...
Increased harvests for key food commodities could suggest a
near-term easing up of price pressures for ingredients companies
and food manufacturers but an overall draw-down in global stocks
means prices are still extremely vulnerable,...
US cranberry co-operative Ocean Spray will roll out a plumper
version of its health ingredient for use in bakery products onto
the European food market in the next few months, hoping to see
value-added ingredients boost a bottom line...
Openings for low-fat, weight-conscious foods are growing with new
findings suggesting US consumers believe they are to blame for
being obese. While confusion exists over artery-clogging trans
fatty acid, soy foods come out on top...
For the past 13 years, Proliant Dairy Ingredients and Hilmar Cheese
have worked together to develop whey protein and lactose products.
Hilmar now hopes to increase its presence in the functional foods
field by purchasing Proliant...
Rising commodity and ingredients prices continue to hit the global
food chain with US food giant Kraft the next in line to be hit by
price pressures suggesting that despite reasonable fourth quarter
figures, the soaring costs are...
As food makers continue to roll out new low carb food products to
meet the rise in demand from consumers, starch supplier MGP
Ingredients has agreed to link up with agri-giant Cargill to push a
new resistant starch product aimed at...
In what is likely to be a clear warning to food makers, McDonald's
faces a damaging court case after a US public interest group
accused the fast food giant of falling short of promises to remove
artery clogging trans fats used...
Thousands of food ingredient specialists will pour through the
doors of the Las Vegas Convention Center tomorrow to learn about
the latest formulations as the 2004 IFT annual meeting kicks off in
the gaming capital.
After months of unsuccessful talks, the US yesterday successfully
secured a World Trade Organisation panel to investigate its claim
that the Mexican 'discretionary tax' introduced for corn sweeteners
such as high fructose...
US giant processor Archer Daniels Midland (ADM) and currently the
world's number three food group will ramp up production capacity at
four of its key processing plants at the company's North American
Oilseed division.
Obesity levels in the US and Britain are among the highest in the
world, and it is not surprising, therefore, that it is in these two
countries that the debate over how to tackle the problem - and who
is to blame - is the most advanced....
US ingredients supplier Cargill has moved deeper into the
value-added juice market by selling off a large slice of its
Brazilian juice operations to two local companies.
As food developers and marketers are aware, bright colours hold a
strong appeal with children. Jumping on the back of this phenomenon
Danisco in the US has launched a new flavour concept to add to
milk.
US agri-giant Archer Daniels Midland (ADM) has stepped up
production of its trans-fat alternatives driven by increasing
market demand - and before new labelling rules come into force.
