Solae raises soy lecithin prices
Solae announced on Friday that it was to up the price of its soy
lecithin products because of rising costs.
IFF sales dip, but profits rise
International Flavors & Fragrances on Wednesday announced
higher profits for Q4, but sales dipped slightly as a result of a
poor performance from its European fruit preparations business.
McCormick's profits move up a notch
Leading spice company McCormick posted a minute rise in profit in
the fourth quarter as higher costs reduced the firm's margins.
Soy still growing, but consumers need more info
Soy sales have slowed in the US in recent years, but the ingredient
is still leading the food ingredients' pack, according to a recent
report from Mintel, reports Philippa Nuttall.
Cargill meets investment as polyol market paces forward
Ingredients supplier Cargill targets the steadily growing polyol
branch of the sweeteners market, signing off over €76 ($99.16)
million in investments at plants in Europe and the US.
Ongoing opportunites from convenience in 2005
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...
Bearish prices for palm oil push Malaysia to consider crop cuts
Food makers enjoying bearish prices for palm oil used extensively
in food applications could see a rise as Malaysia, the world's
number one producer, builds plans to reduce palm oil production,
writes Lindsey Partos.
Soybean rust threat in 2005
Asian soybean rust could prove a real threat to yield and
profitability during 2005, according to a statement put out today
by the Illinois Soybean Association.
Monsanto enters veg seed market
Monsanto announced on Monday that it has acquired leading seed
company Seminis, but denied that it had any immediate plans to
genetically modify the seed, reports Philippa Nuttall.
Corn Products profit falls in Q4
Food ingredients and syrups manufacturer Corn Products
International said on Tuesday that fourth-quarter profit fell 41
percent as a result of restructuring in Mexico and South America.
Nitta Gelatin to open porcine gelatin plant
Toronto based Nitta Gelatin last week finalized plans to construct
a gelatin plant in Fayetteville, North Carolina.
SunOpta markets whole grain soy ingredient
Canadian firm SunOpta last week signed an agreement with MicroSoy
of Jefferson, Iowa to market its toasted soy flake ingredients in
the North American market.
New CEO for Chr Hansen North America
Chr Hansen has appointed David Carpenter as president and CEO for
North America, following the resignation of Donald Combs earlier
Amalgamated Sugar suffers from market uncertainties
Uncertainties in the sugar market have prompted Amalgamated Sugar
Company to lay off employees at its processing plant in Nyssa,
China commences soybean futures trading
China is continuing its moves to liberalise trade and facilitate
economic growth, and food producers have this month been given a
particular boost with the start of futures trading for imported
soybeans, reports Anand Krishnamoorthy.