Bunge posted a 71 percent increase in full year earnings amounting
to $44bn on the back of strong global demand for its edible oils
and commodity products, a pattern it expects to continue into 2008.
Agricultural and food ingredient firm Bunge has reported solid
growth in its second quarter and half year performance, indicating
that the firm could be getting back on track after a difficult
period.
Agricultural and food ingredient firm Bunge has reported a slump in
net income for its first quarter of almost 80 percent, primarily
due to unrealized mark-to-market losses.
An independent trans fat free cooking oil contest has been launched
in the US, designed to provide unbiased information on the
different zero trans oils currently available on the market.
Food makers enjoying bearish prices for palm oil used extensively
in food applications could see a rise as Malaysia, the world's
number one producer, builds plans to reduce palm oil production,
writes Lindsey Partos.
Supplies for a range of vegetable oils used extensively by the food
industry are likely to improve for 2004/05 year on stronger yields
for peanuts, soybeans and rapeseed oil.
Supplies for a range of vegetable oils used extensively by the food
industry are likely to improve for 2004/05 year on stronger yields
for peanuts, soybeans and rapeseed oil.
Cargill is to increase its stake in the Romanian edible oils market
with the acquisition of the local company Olpo Podari. And with
another possible acquisition on the cards, the giant US
agribusiness group clearly sees significant...
Squeezed margins from 'fierce competition' have hit profits at
Swedish oils and fats firm Karlshamns, which this week announced
job cuts in the context of a cost saving programme.
Premium Nutrients, a Malaysian producer of oils and fats, is
looking to step up its investment in the EU over the next three to
four years, with a resulting 10 per cent increase in turnover to
around RM56 million in 2005.
The German town of Frankfurt will look on as 12 000 food and drink
industry professionals hit the exhibition centre to eat up the
latest innovations and visit 1000 exhibitors at the16th edition of
Fi Europe. In the run up to the event,...
Swedish oils and fats company sees profit slip as the weight of
tighter margins, increased competition and a strong Swedish kroner
bears down.The Karlshamns of 2003 has quite evidently been marked
by the loss of one of its largest...
Long term sustainable growth is the key aim for a far-reaching
development process at Swedish fats and oils company Karlshamns,
the company confirmed recently when it announced its first half
results for 2002. An increasingly competitive...
