Biotech giant Monsanto announced a smaller net loss for the first
quarter of 2005 than the same period last year thanks mainly to
increasing seed sales, but legal problems are still proving
expensive for the company.
Opportunities for suppliers and users of low-calorie bulk sweetener
erythritol open up as Canada clears approval for inclusion of this
natural sweetener in a range of food formulations from cream
fillings to chewing gum.
Moves in the food industry this week include Monica Gonzalez
joining the Grocery Manufacturers of America (GMA) as director of
scientific and regulatory policy and Mike Leavitt being picked to
head the Health and Human Services department..
Several major beverage companies plan to begin selling flavored
water early next year, a move that could bost their sales in the
rapidly growing bottled water market, according to a report by the
Associated Press (AP) this week.
Supplies for a range of vegetable oils used extensively by the food
industry are slated to rise for 2004/05 year on stronger yields for
peanuts, soybeans and rape seed oil, building up global stocks to
about 390.5 million tons.
A breakthrough into the US market boosts the bottom line for UK
natural flavours firm Treatt that saw sales for the year across the
Atlantic rising by over 40 percent to €10 ($13.29) million,
parallel to a sales dip elsewhere, writes...