Balancing liberalisation with a better deal for developing
countries must be a priority for the World Trade Organisation as
figures from a new report released yesterday show that
protectionism and subsidies by industrialised nations...
Agribusiness giant Archer Daniels Midland yesterday announced it
will increase its liquid sorbitol capacity at its Decatur plant in
the US by 60 per cent by the end of 2003 in order to meet increased
demand.
US department of agriculture sugar-market economist John Love has
predicted that producer prices for sugar for 2002/03 will be 5 per
cent higher than last year's.
Continuing uncertainty and senior management turmoil at cranberry
supplier Ocean Spray has led Moody's to downgrade the firm's
short-term and preferred stock ratings, with further downgrade
possible in the near future.
A new organic programme in the US has lifted sales of organic food
and drink while western Europe saw growth slowing down on 2002
figures. New report predicts drop in growth for industrialised
world, but acceleration in developing...
One century on and millions of ice cream tubs later the US 'food
police' are out in force calling on ice cream retailers to tell the
full story about saturated fat and calorific content.
The volatile vanilla market has seen food manufacturers turning to
synthetic substitutes as prices per kilo soar from double to treble
figures in recent years. Danish ingredients giant Danisco - a
leading extractor of vanilla in the...
US firm Technology Flavors & Fragrances continues to falter in
2003 with a 70 per cent decrease in net income for the second
quarter, a decrease in net sales of 5.7 per cent and rising
operating costs.
The World Health Organisation continues on its mission to reduce
global obesity, hosting further meetings with food manufacturers
from around the world to discuss the role the trade can play in
tackling the problem.
The €435 billion US food industry has welcomed a move by the Bush
administration to inject more cash into food security. "Both
Secretary Thompson and FDA Commissioner McClellan emphasised that
the focus of this new food security...
Agribusiness giant ADM will dissolve a joint venture with US corn
sweetener company after the two companies stuck an agreement under
the auspices of a federal judge, reports the Washington
Post.
Cargill and Riceland Foods have announced their intention to link
up to manufacture, market and sell lecithin products to food,
pharmaceutical, and technical customers.
Crowds of food industry professionals will start pouring through
the doors of Chicago's McCormick Place South building this weekend
for the opening of the IFT Annual Meeting + FOOD EXPO. This year's
event - opened by Health...
Food safety is making international headlines as the United States
and the European Union continue to take dramatically different
positions over this contentious issue. A food policy think-tank
raises concerns that these transatlantic...
US spice maker McCormick & Company saw profits in the
second-quarter climb 19 per cent, helped by solid sales growth and
interest income from a purchase-price adjustment.
The innovative world of flavours is experiencing more rapid growth
than the overall food industry, giving fresh momentum to the
essential oils and oleoresins market, confirms a new study from
Frost & Sullivan.
Quite a week for nutritional oils supplier Martek Biosciences. In
the past seven days, the European Commission gave the green light
for the use of DHA/ARA in novel foods, paving the way for a range
of foodstuffs fortified with these...
US consumers can soon expect to see juices fortified with the
natural ingredient lutein on the supermarket shelves following an
agreement between ingredients company Kemin Foods and the Hain
Celestial group, the US natural foods company.
In a bid to encourage a closer collaboration between citrus growers
and juice manufacturing customers, Cargill Citro Pure - a joint
venture between Cargill Citro-America, a subsidiary of agri-giant
Cargill, and 83 partners - has formed...
Just a few months old, the recently formed alliance between US
agribusiness giant Bunge and DuPont Protein Technologies - Solae -
has already filed a complaint with a court in the US claiming that
the companies Archer Daniels Midland...
Japanese soy sauce giant Kikkoman is to forge ahead with plans to
expand in the US with the announcement this week that it has
earmarked $100-million (approx. €86m) for the expansion of its
plant in Walworth County in Wisconsin.
With coffee prices at a 30-year all time low, the International
Coffee Organisation and World Bank ended their round table last
week with a call to rich countries to share the burden of the
present coffee crisis.
Once positioned as a breakfast or after dinner treat, yoghurt is
now widely viewed as an all day snack. Product innovation - both in
packaging and content - have driven dramatic growth in the sector.
Who would have thought it? A nice cup of tea to combat those
embarassing bad breath moments. Scientists in the US have found
compounds in tea can stop the growth of bacteria that cause bad
breath.
North American farmers were shaken this week when the Canadian
government confirmed on Tuesday that a cow slaughtered in January
from an Alberta farm had tested positive for BSE (Bovine Spongiform
Encephalopathy), or Mad Cow disease.
The confrontation between Europe and the United States over
genetically modified foods shifted up a gear this week when the US
President George. W. Bush accused Europe of impeding efforts to
fight world famine because of its trade...
Competition in the biogum sector is set to hot up with the news
today that US company CP Kelco is looking to boost production
capabilities to reinforce its position in the biogums marketplace.
With impeccable timing in light of the US move earlier this week to
file a case with the World Trade Organisation (WTO) over the EU ban
on biotech foods, a recent report from Washington, DC, based
International Food Information Council...
The World Health Organisation, the body that recently tasted the
wrath of the US sugar industry when it published a report into diet
and health that set a ceiling of 10 per cent for sugar consumption
in an overall diet, welcomed the...
Company results continue today with US ingredients company MGP
Ingredients reporting net losses for the third quarter ended 31
March 2003 due to a combination of factors including higher energy
costs and the lack of expected funds...
Ingredients developer zuChem this week announced that it has raised
a considerable chunk of capital in order to develop new methods to
manufacture alternative sweeteners.
Natural ingredient manufacturer Kemin Foods last week voiced its
support for the US Food and Drug Administration's new initiative to
strengthen labelling, manufacturing and product quality
requirements for the dietary supplement...
US food ingredients company Applied Food Sciences announced last
week that it has begun shipments of its green coffee bean extract
product - Green Coffee Antioxidant (GCA) - to customers.
Lower sales volumes and higher selling expenses resulted in a drop
in net sales for the first quarter ended 31 March 2003 for US
company Technology Flavors & Fragrances (TFF).
A new alternative to the traditional egg wash for bakery products
has hit the market with ICI subsidiary National Starch &
Chemical launching Versa-Sheen glazing agent.
In the face of mounting pressure and a distinctly aggressive
attitude from the US sugar industry, the UN Food and Agriculture
Organisation (FAO) and the World Health Organisation (WHO) went
ahead on Wednesday and published a report...
Sales for US food ingredients company Corn Products International
were on target for the first quarter of 2003 ended 31 March 2003
with the company announcing on Tuesday that sales had risen 23 per
cent, lifting earnings and increasing...
The US sugar industry, in Rome this week, will continue its crusade
against a recent report from the World Health Organisation that
suggests a severe reduction in sugar could help stem the global
rise of obesity-linked diseases.
North American Bakers Yeast division of Canadian company Lallemand
is due to complete its newly constructed yeast plant in Memphis,
Tennessee by the end of the month.
US cranberry juice manufacturer Northland Cranberries, that
recently made a bid for rival Ocean Spray, on Monday reported a
rise in second quarter net income compared to the same period in
2002.
Following hot on the heels of last week's announcement that net
income for the first quarter is set to exceed projections,
privately owned US agribusiness Bunge said yesterday that it now
owns 100 per cent of French oil processor...
Giant flavour house International Flavors & Fragrances
continues to reorganise activities after acquiring, and
integrating, Bush Boake Allen with the news this week that it has
axed 150 jobs as part of a savings drive.
The United States and western Europe combined account for 58 per
cent of the global market of the flavour and fragrance industry,
highlights a recent article from Frost and Sullivan analyst Vivek
Tapuria. But with growth slackening,...
