Kraft, in its second quarter results, reports continuing challenges ahead for its gum and candy division in developed markets, and claims the Cadbury takeover is a fundamental earnings driver, with its global chocolate earnings up 9 per cent.
DSM has tendered its 4.95 per cent stake in Danish ingredients firm Danisco, after buyer DuPont raised its offer to DKK700 on Friday following discussions with major shareholders.
Breakfast cereal manufacturer, General Mills, admits it fell far short of goals for 2010 in terms of reducing energy consumption and greenhouse gas emissions (GHG) but has flagged up a packaging commitment.
Nut and snack maker Diamond Foods has increased its outlook for fiscal year 2011 after volumes rose 40 per cent in Q1 following the acquisition of Kettle Foods.
American children now see less TV advertising for confectionery products, but more for fast food, according to a new study that recommends continued monitoring of marketing practices and food company pledges.
Barry Callebaut today said profits for the first half of the
year remained stable as high input and expansion costs
offset overall sales volume increases for the Switzerland-based
firm.
The US dairy industry is having to change its attitudes towards
export markets, amidst growing international demand for both
finished products and ingredients, an industry organization has
said.
Naturex is targeting an operating margin of 11 per cent in 2008 as
its acquisitions of Chart and Berkem's Actifs Innovants yield
profits, but it will take longer to turn loss-making Hammer Pharma
into a positive contributor.
The latest consumer survey conducted by the UK's Food Standards
Agency points to a drop in concern about salt and fat levels in
foods, which the agency says reinforces the need for
awareness-raising initiatives.
Coca-Cola posted a 20 per cent improvement in operating revenues,
amounting to $28.8bn during the full fiscal year as the company
harnessed its international presence to drive growth in both its
carbonated and non-carbonated brands.
The food industry has a window to research ways to reduce saturated
fat in products before the UK's FSA starts its consumer awareness
campaign at the end of this year, says an expert from ADM who is
anticipating a swell of interest...
This week, Fonterra reveals its milk supply concerns, Saputo posts
profit growth from its North American focus, and Parmalat says it
is meeting its financial expectations for the year.
Confectionery firm Hershey today announced an average wholesale
price increase of three per cent across the US, as the company
moves to improve on the disastrous profit loss posted last week for
the fourth quarter.
US-based Hershey yesterday posted a Q4 operating profit drop of 65
per cent, as high commodity costs, restructuring charges and
competitive US market conditions continue to dog the confectionery
giant.
The majority of consumers do not think that nanotechnology should
be used in food applications, according to a survey from German
risk assessor BfR, and they are more likely to trust information
from consumer groups than politicians...
Irish food group Greencore has reported a strong performance for
the first full year since its exit from the sugar market, largely
driven by recovery of the malt markets.
A new biomass boiler in Tate & Lyle's East London refinery,
considered a first for the UK food and drink industry, will slash
carbon emissions from energy use by 25 per cent in less than two
years.
European food and drink trade with China and India has shot up
since 2000, against a backdrop of an overall growth in trade with
these countries that has seen China become Europe's second trading
partner after the USA.
UK-based Associated British Foods (ABF) today reported real
operating profit increased by 11 per cent in 2007,
despite EU sugar reforms and the weak US dollar's effect on
margins.
Kraft Foods Inc today posted a 27 per cent decrease in operating
profit for the third quarter, blaming high dairy and other
commodity costs for the tumble.
Suedzucker has adjusted its profit and revenue expectations for
full year 2007/8 following EU moves to make sugar reform more
attractive to growers, indicating that the industry efforts to
lessen the blow for the industry could be...
Frutarom has announced an increase in sales in its second quarter
results issued this morning, which it says is down to reaping the
rewards of a strategy of buying smaller companies - but work is
needed to boost its profit margins.
The global bread, rolls and biscuit markets are set to grow
substantially by 2011, aided by demands for luxury products,
according to two new reports from Datamonitor.
The European Commission has published a new impact assessment on
the ten per cent biofuel obligation, in which it says cereal and
oilseed prices are likely to rise as a result of greater demand for
feedstock.
European agriculture ministers yesterday reached agreement over new
organic regulation and labelling that will simplify the sector for
farmers and consumers and is expected to help drive further
development.
It may be a lucrative time for farmers, but the continuing boom in
grain and meat prices will put the squeeze on plant managers to
find ways to cut costs out of their supply chains.
In a year dominated by acquisitions and changes within its
operational structure, Switzerland-based food group Nestlé has
still exceeded expectations with full-year organic growth boosted
by the company's focus on nutrition,...
Confectionery has seen modest growth worldwide over the past year
but markets such as Latin America and Asia Pacific are proving
particularly buoyant, according to a new report from market
analysts AC Nielsen which identifies growth...
The results of a consumer survey on healthy chocolate suggests that
the substance once considered solely as a sweet confectionery item
has made huge strides towards the realm of health foods.
Interesterified fats, seen by some as alternatives to unhealthy
trans fats, may also raise blood sugar levels and decrease insulin
levels, as well as adversely affecting so-called 'good' cholesterol
levels, says a new US-Malaysian...
British supermarkets are reporting that sales of berries have been
strong this year hitting £204m (€304m) despite adverse weather
conditions, due to consumer health trends.
China, producer of half the world's fruit and vegetables, is set to
overtake the Netherlands in the next two to three years to become
the world's third biggest fresh produce exporter in value terms,
predicts a new report...
West Europe's energy drink sales accelerated by 15 per cent to a
volume of 383 million litres and a value of over €3 billion in
2005, according to drinks consultancy Zenith International.
Novozymes has reported 'highly satisfactory' results for the first
nine months of 2006, enabling the enzyme giant to adjust the
outlook for earnings upwards.
Scientists at Symrise have reported the potential of benzyl amides
as potential bitter-masking compounds for food and drink, research
that may lead to cheaper alternatives for food scientists and
formulators.
This years European crop production has been significantly affected
by last months heat waves, according to the European Commission,
which expects decreased yields of commodities including soft wheat,
winter barley and grain maize.
