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
UN-backed food organisation warns food producers and consumers to
stay calm, after a few cases of mad cow disease are identified in
Canada and the US, and last month the first case of Bovine
Spongiform Encephalopathy (BSE) in a goat.
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.