US, Canadian and Mexican pork industry representatives have met to discuss common issues affecting the North American sector.
All confectionery categories will grow in Mexico over the next five years, but gum will grow the fastest and confectioners can capitalize with products enriched with vitamins and minerals, according to research from Canadean.
SNAXPO 2013: EDUCATIONAL SESSIONS
There are tremendous opportunities for Hispanic snacks that target non-Hispanic consumers, but products must be spicy and authentic, according to a marketing expert.
Mexico’s food safety officials have announced that the country should soon be declared free of the highly virulent strain of Newcastle Disease, which affects poultry.
Poultry firm reports increased mortality at Mexican plant
The poultry processor Pilgrim’s Pride Corporation revealed it has identified an increased mortality rate in one of its breeder flocks
Mexico sees further bird flu outbreak
Another bird flu outbreak has been reported in Mexico, this time in Jalisco state, west of Mexico City. This follows another set of cases in Aguascalientes, in central Mexico.
Nestlé has refused to comment on reports that it is working with financial advisory group Rothschild to sell more than $1bn of Latin American assets in an effort to win regulatory approval for its acquisition of Pfizer Nutrition.
Mexico is considering forcing gum manufacturers to pay a 50% tax on top of the selling price of products to pay for clean-up costs on streets.
The US market for Hispanic foods and beverages is estimated to be worth about $8.2 billion this year, according to a new report from Packaged Facts.
The North American cocoa grind has dropped 2% in the third quarter (Q3), leading one analyst to call the region’s largest nation a “staling” chocolate market.
Strict Mexican government taxes and regulations on the sale of energy drinks could discourage new brands entering the market, Euromonitor has claimed.
Mexican bread titan Grupo Bimbo has said expenses from its Sara Lee buy last year have led to a slight drop in Q2 earnings despite healthy sales.
Hershey plans to increase the amount of cocoa it sources from Mexico by initiating a $2.8m crop growing programme in partnership with Ecom Cocoa that it says will boost yields in Southern Mexico.
Flavors and colors specialist Flavorchem Corporation has introduced a new line of Hispanic-inspired flavors for yogurts and other dairy products to tap into growing demand for more authentic tastes and aromas.
Confectioners face big rewards by tapping into market potential in Mexico, but will face “oblivion” if they fail to address growing health concerns, according to an analyst.
Bimbo Bakeries USA plans to invest $75m in a new facility in Texas, US, to produce bread and buns.
Italian confectioner Ferrero has announced plans to construct a $190m production plant in Mexico - its first in the country.
Sara Lee has completed the sale of its American Fresh Bakery business to Mexican firm Grupo Bimbo for $709m.
SunOpta divests Mexican frozen fruit assets
Canadian natural and organics group SunOpta has sold its frozen fruit processing assets in Rosarito and Irapuato, Mexico to Fruvemex Mexicali for C$3.15m, the company has said.
FDA seizes chili products from 'rodent-infested' facility
The US Marshalls Service has seized chili products from a New Mexican supplier after its facility was found to be infested with rodents, according to the Food and Drug Administration (FDA).
Mexican acquisition will strengthen Grupo Bimbo’s position in US confectionery market, analyst
Grupo Bimbo has completed its acquisition of Mexican confectionery firm Dulces Vero, a deal that should strengthen its position in the US hispanic confectionery market, according to market analyst Jonathan Thomas.
US and Mexico sweetener dispute yields $58m for HFCS damages
Corn Products International’s Mexican affiliate CP Ingredientes has been awarded $58.386m in damages by a NAFTA tribunal after Mexico placed discriminatory taxes on high fructose corn syrup (HFCS).
Swine flu impacts global economy
The swine flu virus first identified in Mexico cannot be contained, warns Dr Margaret Chan, director-general of the World Health Organization (WHO), as the economic impact of the outbreak continues to spread.
Swine flu sparks global health emergency
The World Health Organisation has declared “a public health emergency of international concern,” following the outbreak of a new strain of swine flu which has killed at least 103 people in Mexico.
Mexican move for confectionery firms saves labour and sugar costs
Confectionery firms are moving to Mexico and Canada to save on labour and sugar costs, reports US paper, York Daily Record.
Colombian food giant to buy Mexican chocolate maker
Colombia's Grupo Nacional de Chocolates, purportedly the country's biggest food company, will buy Mexican chocolate manufacturer Nutresa for $95m.
Symrise poised for beverage growth in Mexico
Symrise has expanded its site in Mexico City to drive growth in
what it describes as one of the most important soft-drink markets
in the world.
SunOpta acquisition expands firm's strawberry supply
Natural food group SunOpta is to increase its supply of
strawberries to the food industry, following the acquisition of
certain assets from a South American frozen strawberry processor.
ADM to produce NutraCea stabilized rice bran
NutraCea has entered into an agreement with Archer Daniels Midland
(ADM) for the production of its stabilized rice bran - a
significant accomplishment for the young company as it brings its
nutritious ingredient to the mainstream...
ADM to increase corn syrup exports to Mexico
Archer Daniels Midland (ADM) expects to increase its sales of high
fructose corn syrup to Mexico once the market opens up in 2008,
which will effectively tighten the supply and demand situation
further, a company executive has said.
Corn Products profit falls in Q4
Food ingredients and syrups manufacturer Corn Products
International said on Tuesday that fourth-quarter profit fell 41
percent as a result of restructuring in Mexico and South America.
Moves to end 'discriminatory' HFCS tax
A protracted trade dispute over high fructose corn syrup and sugar
between Mexico and the US could have cleared an impasse.