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.
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.
Barry Callebaut, the world's top supplier of industrial chocolate
to the confectionery industry, has reported a 6 per cent fall in
first quarter sales revenues to CHF1.15bn ($0.97bn) as squeezed
margins bite into the bottom line.
Florida's tomato growers are still feeling the effects of the four
hurricanes that swept through the state last year, said the Florida
Tomato Committee today, urging food manufacturers to realize that
supplies of the fruit are...