Not so long ago, Tate & Lyle had the sucralose market to itself. In recent years, however, the Chinese have emerged as serious rivals. But while demand for the zero-calorie sweetener is rising, new capacity in China has been added even more rapidly,...
Hain Celestial has posted another impressive set of quarterly figures, with rocketing sales growth for Greek Gods yogurts and Earth’s Best babyfood pouches, but warned that almond and chia prices are going through the roof.
Ultra-frugal shoppers are continuing to make life very challenging in the US grocery sector, although commodity inflation is finally coming down, says the chief executive of ConAgra Foods.
Life remains challenging in the US packaged grocery sector, but innovative new products and more competitive prices should help JM Smucker avoid a repeat of its recent “sticker shock”, says the Jif peanut butter maker.
Improving economic data notwithstanding, the US market will remain challenging for packaged food companies for some time, according to bosses at Heinz.
Bosses at Crisco oils, Jif peanut butter and Folgers coffee maker JM Smucker expected third quarter volumes to dip on the back of higher ticket prices, but they were not expecting them to fall off a cliff, chief executive Richard Smucker has admitted.
The king-size candy bar has emerged as the fastest growing pack type in convenience stores this year and was a key driver of sales for Hershey in the third quarter, bosses have revealed.
Sara Lee said it intends to raise the prices of its foods and beverages on the back of continuing commodity price pressure, as it reported nearly flat Q2 sales of $2.35bn.
Retail food prices are expected to remain ‘sticky’ in 2009, according to a new study, adding weight to claims that food manufacturers may struggle to pass on cost pressures to consumers.
Barclays Capital has adjusted its outlook for the packaged food sector in the US as it is not expected to see the benefits of lower commodity prices in the near future.
Hydrocolloid supplier CP Kelco has announced it is to shutter its
xanthan gum plant in the UK, which has been squeezed by cost
pressures into an unprofitable market.
Hydrocolloid supplier CP Kelco has announced it is to shutter its
xanthan gum plant in the UK, which has been squeezed by cost
pressures into an unprofitable market.
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.
As prices for hazelnuts, two-thirds of which are sourced from
Turkey, slowly start to recover following global shortages,
pistachio production also shows signs of improvement following last
year's frosts.
General Mills is the latest food manufacturer to report a decline
in net profit this year, and again the blame goes on raw material
price hikes and fierce competition in the retail sector writes
Anthony Fletcher.
