US biotech crop pioneer Monsanto is to suspend the introduction of
the world's first biotech wheat, amid public outcry at the possible
risks of genetically modified crops and at Monsanto's aggressive
marketing tactics, writes...
With shortfalls in grain harvests progressively worsening over the
past four years, closing the gap will not be easy, says Lester
Brown at the Earth Policy Institute. He predicts this year may
witness another shortfall, bad news for...
Specific functional and nutritional benefits have boosted sales in
recent years for the fast growing, EU-subsidised milk protein
concentrate market. With export markets continuing to grow French
ingredients group Ingredia has linked...
Food makers and ingredients firm across the world are currently
affected by the rising world price for basic food commodities. In
each of the last four years world grain production has fallen short
of consumption, forcing a drawdown...
US-based Dow Agro Science has confirmed that its grain corn
containing an insect resistant trait has received regulatory
approval for import into China, reports Simon Pitman.
Smart risk management moves guided the world's leading oilseed
processor Bunge to a massive 75 per cent rise in income for the
first quarter as the price of soybeans reached 15 year highs on
poor crop harvests last year.
Spearing growth in the speciality starch and health ingredients
domain MGP Ingredients links up with Penford Corporation to market
a new potato-based resistant starch for increasing fibre and
reducing carbohydrate levels in food products....
US colours and flavours group Sensient continues to feel the impact
of soft markets in North American food and beverage segments,
particularly synthetic colours, posting a further drop in income
for the first quarter of 2004. Pressure...
In a new move to drive sales and carve a position in the growing
health foods market, US supplier of ingredients to the bakery
industry FACT corporation will directly target the consumer through
a line of bakery mixes.
Global manufacturer and marketer of soy protein products signs
agreement with a leading distributor to represent its line of soy
protein products throughout the US.
US hydrocolloid firm International Specialty Products (ISP)
continues to consolidate its position in the ingredients sector
announcing the acquisition of UK ingredients company Hallcrest. In
March this year the ambitious company acquired...
Building up a market position through direct contact with the
consumer and cashing in on the growing low carbohydrate fad,
ingredients firm Arla Food Ingredients will see its low-cal,
low-carb tagatose sweetener emblazoned on the...
Major processors of canned tuna in the US have described a recent
ad campaign by environmental activists as being "an
irresponsible and highly inflammatory tactic" that will scare
consumers away from what they call a safe...
The Canadian subsidiary of Anglo-Dutch giant Unilever Canada joins
the growing ranks of manufacturers to cut the trans fatty acid
content out of food products.
Companies working with soy and soy derivatives face continuing
price rises for the raw material as the US - a leading global
producer and exporter of the crop - raises concerns about the
'unusually low soybean stocks level'...
Consolidation in the hydrocolloid industry, price pressure and
'functionality beyond texture' are on the agenda at the annual
industry event to open in San Diego at the weekend.
Flavours giant International Flavors and Fragrances and subsidiary
Bush Boake Allen must pay out $20 million in damages as an American
court rules that a US popcorn factory worker sustained harm to his
lungs from mixing flavouring...
Deaths due to poor diet and lack of exercise have risen by more
than a third in the last ten years, said the US government
yesterday, citing new research that suggests obesity could soon
overtake tobacco as the leading preventable...
Wheat, corn and soybean prices will remain high for much of 2004,
warns the US agency Fitch Ratings, with the industry likely to see
a continual shifting of higher ingredients costs onto the food
manufacturer. But tough negotiations...
US starch supplier MGP Ingredients witnesses the benefits of
'adding-value' to ingredients products with strong growth in
low-carb ingredients pushing demand for its resistant wheat starch
FiberStar 70.
Chipping away at heavy debt the Australian ingredients firm Burns
Philp & Co will spin off its US herbs and spices unit - Tones
North American - following 'expressions of interest' for the
division, the company said...
The sixth International Cocoa Agreement in three decades came into
force at the beginning of October, heralding a break from the past
with the exclusion of market regulatory mechanisms - production
quotas, buffer stocks and other...
One year after new rules on organic standards hit the American food
industry one in ten Americans are eating more organic foods,
reports a US trend tracker - but price is still a barrier to new
converts.
Burgeoning private agribusiness Cargill saw net earnings slip in
the first quarter of 2004, but performance remained on track
topping last year's figures by a wisp.
The Benelux operation of Fiske Food Ingredients, a distribution
business belonging to €4bn Dutch industrial chemicals group Univar,
has linked up with starch ingredients company Avebe to distribute
the co-operative's full range...
Building on the one-stop-supplier philosophy, the new kid on the
xanthan gum block Danisco has made inroads into the market this
week, linking up with one of the largest xanthan gum suppliers in
China, the Henan Tianguan group.
Ongoing rumours that the Irish food and ingredients company Kerry
Group had bought up a US fruit flavour operation were at last
confirmed with the ambitious food ingredients business broadcasting
that it has purchased US-based Da...
As US International Flavours and Fragrances and Swiss company
Givaudan continue to fight it out for the number one global
flavours and fragrance spot, the Swiss supplier reports stable but
far from dazzling 3 per cent sales growth...
Controversial new rules in the US on the labelling of trans fatty
acids (TFAs) on food products continue to meet with opposition from
food manufacturers. On Thursday the National Food Processors
Association - the industry body - voiced...
Two years after the company went public, $20 billion US oilseed
giant Bunge declares a regular quarterly cash dividend of $0.11 per
share following swiftly on from strong second quarter earnings
announced in July this year.
The new owner of Opta Food Ingredients is to sell the company's
45,000 square feet headquarters at a price of $4.85 million, said
Canadian company Stake technology this week.
Steady but unsensational growth is earmarked for soy products in
the US with market analysts predicting a 5.4 per cent rise year on
year to $8.6 billion (€7.3bn) in 2007. But demand for industrial
applications are poised for a surge...
Fresh from acquiring starch derivatives company Cerestar,
privately-held US company Cargill throws another European
ingredients company into its shopping trolley with the purchase of
French cocoa and chocolate ingredients company...
US spice giant McCormick & company posted an improved set of
figures for the third quarter boosted by strong sales, acquisitions
and better distribution.
Americans' knowledge of genetically modified foods remains low and
their opinions about its safety are just as divided as they were
two years ago, according to a new survey released last week by the
Pew Initiative on Food and...
After a heated tug of war with the board, the man who last year
took speciality chemicals company ISP private has abandoned efforts
to gain control of US chemicals company Hercules.
Danish food ingredients group Danisco has denied rumours
circulating in the local press that it is in talks to sell its
stake in US biotech company Genencor.
Innovation courses through the food and drink industry as
businesses continue to strive for oneupmanship in an increasingly
competitive market. As different sectors seek to satisfy key
consumer needs - 'beauty from within'...
Two years ago to the day terrorist attacks in the United States
struck a nation, leaving the country shocked, angry and vulnerable.
As the country continues to recover, national security remains very
much a top priority, in particular...
"We have fundamentally reformed our farm policy," and with
these words Dr. Franz Fischler, European Commissioner for
Agriculture kicked-off his first speech at the WTO ministerial
conference in Cancun, Mexico that opened...
Pioneering Belgian ingredients supplier Orafti Active Food
Ingredients is the first, and only, producer of inulin and
oligofructose to get the GMP stamp of approval from the American
Institute of Baking.
As the industry turns to new income sources, dairy companies are
fast turning whey into value-added food ingredients for the food,
dietary supplements and nutraceutical industry, claims a new
report.
Balancing liberalisation with a better deal for developing
countries must be a priority for the World Trade Organisation as
figures from a new report released yesterday show that
protectionism and subsidies by industrialised nations...
Agribusiness giant Archer Daniels Midland yesterday announced it
will increase its liquid sorbitol capacity at its Decatur plant in
the US by 60 per cent by the end of 2003 in order to meet increased
demand.
US department of agriculture sugar-market economist John Love has
predicted that producer prices for sugar for 2002/03 will be 5 per
cent higher than last year's.
Continuing uncertainty and senior management turmoil at cranberry
supplier Ocean Spray has led Moody's to downgrade the firm's
short-term and preferred stock ratings, with further downgrade
possible in the near future.
A new organic programme in the US has lifted sales of organic food
and drink while western Europe saw growth slowing down on 2002
figures. New report predicts drop in growth for industrialised
world, but acceleration in developing...
One century on and millions of ice cream tubs later the US 'food
police' are out in force calling on ice cream retailers to tell the
full story about saturated fat and calorific content.
The volatile vanilla market has seen food manufacturers turning to
synthetic substitutes as prices per kilo soar from double to treble
figures in recent years. Danish ingredients giant Danisco - a
leading extractor of vanilla in the...
