Flavour and high costs remain two of the biggest challenges that the cell-based meat sector needs to overcome before production for everyday consumers can be realised, but its potential benefits for customisation are unrivalled, according to a recent...
Executives are aggressively defending Whole Foods Market’s high prices, even as they tout the potential cost-savings for the consumers at the retailer’s newly named value chain.
Lower oil prices may affect retail food prices in the long run, but they are unlikely to have a large effect on the food industry, says a new analysis from Rabobank.
Effective July 1, CP Kelco will raise prices on Genu Pectin products up to 10%, due to the cost increase of citrus peel, a key raw material used in pectin production.
Sustainable sourcing is a big buzzword these days, and companies have different methods for achieving that goal. One way to boost a company’s sustainability profile is to tap into a hidden pool of talent, namely the people who actually buy the stuff:...
After years of moving overseas, supply and adulteration issues have created a push to bring more botanical dietary supplement manufacturing and sourcing back to North America, says industry insider Greg Cumberford.
The price differential between Hain Celestial’s brands and mainstream grocery brands will close over time as the big guns in consumer packaged goods come under increasing pressure to source non-GMO ingredients, predict bosses at the organic and natural...
Global prices for a range of hydrocolloids, including microcrystalline cellulose, carrageenan, alginate products and other gums, have been raised by up to 15% by FMC BioPolymer.
Chocolate giant Hershey will experience improved sales and flat profit margins in 2012 and will seek out acquisitions in international markets, according to credit agency Standard & Poor’s (S&P).
Wonder bread and Twinkies maker Hostess Brands has filed for Chapter 11 bankruptcy to allow it to restructure, but does not expect to stop producing or delivering any of its products during the process, the company said on Wednesday.
Special edition: Dealing with higher commodity costs
Raise prices to offset cost inflation, and you can expect to take a volume hit. But if all your rivals are ratcheting up prices too, at least you’re all in the same boat, right?
Special edition: Dealing with higher commodity costs
“I’m not sure I can give you a prediction on 2012 that will really mean anything”, responded Coca-Cola’s chief financial officer Gary Fayard when asked by an analyst for some ‘color’ on the 2012 outlook for commodity prices last month.
International Flavors and Fragrances (IFF) has reported a 6% increase in quarterly revenue, although higher pricing did not keep up with double-digit growth in raw material costs, the company said.
Inflated US sugar prices are threatening jobs throughout the country’s confectionery industry, warned the National Confectioners Association (NCA) in a letter to the US Department of Agriculture.
Soy “continues to be a more stable choice for food companies” than dairy or meat protein, a leading soy ingredients supplier has insisted after raising prices for the second time this year.
Symrise has introduced a new line of synthetic mint flavors that it says offer a cost effective and market stable alternative to more expensive mint oils.
Consumers are frowning on moves by food manufacturers to reduce the size of products as a way of tackling shrinking budgets in the current economic climate, according to research by The Nielsen Company.
Rising food prices are not a short-term problem so food
manufacturers must adapt accordingly, making wise strategic
choices, strengthening innovation and streamlining operations, says
a new report.
The soaring cost of many major commodity products is being passed
on to US shoppers, according to a survey by the American Farm
Bureau Federation (AFB).
Higher prices for eggs - both real ones and those made from
chocolate - are unlikely to deter US shoppers from celebrating
Easter as they always have done, according to research from
Nielsen.
Solae has said that ingredients companies will have to continue
their efforts to pass on rising input costs through 2008, but the
relatively lower increases in soy costs compared to other proteins
could provide a business opportunity.
Consumers look likely to bear the brunt of further hikes in milk
prices, as Glanbia consumer foods boss Colin Gordon warns that his
company can carry raw material costs no longer.
Production problems and low world stocks will keep global cereal
prices high this year, according to a new report, suggesting that
the food industry's struggle to maintain margins will not end any
time soon.
Caravan Ingredients has announced price increases across its
product range, becoming the latest in a string of ingredients
makers to pass on increased costs to customers.
DSM has become the latest citric acid producer to announce a price
increase, at a time when industry fears a shortage of Western-made
material unless costs can be passed on.
FMC Biopolymer is the latest ingredients firm to announce further
price increases, with the firm saying it continues to be unable to
absorb the full impact of higher production costs.
Rising costs and shrinking supply of sugar molasses are driving up
the cost of yeast extract production, says Bio Springer, which is
today announcing a double digit price increase for its extracts as
of next year.
Novel Ingredient Services and the Ingredient House are pairing up
to offer food and beverage manufacturers the opportunity
to improve the sourcing of their ingredients while still
reducing costs - an aim that for many could be too...
Hot weather, the rising cost of raw materials and a poor potato
harvest have contributed to a downturn in the German snack market –
threatening profits for producers balancing mounting costs with
waning demand.
FMC Biopolymer will again increase prices for its food ingredients
on the back of high energy and raw material costs, and the company
says it expects prices to continue rising.
The chairman of Kraft Foods, the world's second biggest food
company, Roger Deromedi, has launched an attack on EU and US trade
barriers that are driving up the price of commodity ingredients
such as sugar and coffee.
Major food grade carrageenan supplier FMC BioPolymer passes
spiralling energy prices onto the market, announcing a price hike
for its pharmaceutical and food brand products by 5 to 10 per cent.
Supply problems in Asia - mostly as a result of the political and
economic fallout of December's devastating tidal wave - have not as
yet hit prices for key herbs and spices imported into Russia,
according to the company Vremea....
The world's number two vitamin maker BASF opened a new production
plant for the chemical citral yesterday, the key building block for
vitamins A and E, as well as the carotenoids beta-carotene and
canthaxanthin.
