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Australia securing the future of its food industry

The food industry is Australia's largest secondary industry and of particular importance in regional Australia, reports Industry Search News. "The funding will help to secure...

US food industry encourages lift in trade barriers

The US food industry body, the Grocery Manufacturers of America, this week showed its strong support for the International Trade Commission's (ITC) efforts to give...

US 1Q e-commerce sales drop by 20 per cent

US e-commerce sales for the first quarter of 2001 are estimated to have hit $6.994 billion, an increase of 33.5 per cent from the same...

Gourmet coffee sales up 9 per cent

Coffee retailer Starbucks Corp. announced on Saturday that the coffee shop revolution in the U.S. had halted a downtrend in coffee consumption and raised quality...

Cola buys into functional beverages

US soft drinks giant Coca-Cola Co. is entering the growing market for functional beverage products containing dietary supplement ingredients such as ginkgo biloba, ginseng and...

Cargill buys stake in Purina

Cargill, the US agribusiness group, disclosed in formal filings that it had acquired a 5.3 per cent stake in Purina Mills. Purina Mills, formerly part...

Earthrise Nutritionals awarded GMP certification

Earthrise Nutritionals, the American company providing dietary supplements, received the Good Manufacturing Practices (GMP) certification from the Natural Nutritional Foods Association. "For more than 20...

US enzyme market to diversify

New applications for enzymes should increase revenues, according to a market report released this week. According to market research company Frost & Sullivan the US...

Spanish Carrefour profits up 5 per cent

Carrefour España, the Spanish unit of French supermarketgiant Carrefour, has posted first-quarter net profit of Euro5.7m, up 5 per cent compared to last year's Euro33.9m....

New Zealand organic exports grow by 50 per cent

Organic agricultural exports in New Zealand are expected to total around NZ$ 64 million (US$ 26.9 million) this year, according to a new report on...

Report criticises French handling of mad cow crisis

A report on the handling of risk factors in the outbreak of mad cow disease criticices France's Agriculture Ministry for dragging its feet in forbidding...

Snow Brand to cut 1,000 jobs

Due to a sharp decline in sales after a massive outbreak of food-poisoning last summer, Snow Brand Milk Products Co., a major Japanese dairy product...

Dairy products consumption increases in China

Dietary habits are rapidly changing in China, boosting total consumption by 12 per cent per year and 15 per cent for the dairy products. According...

Nestlé denies interest in Dutch functional food

Nestle SA Chief Executive Peter Brabeck played down on Friday market talk that the world's biggest food group may have its eye on Dutch functional...

Tesco employees to share the cake

Up to a third of staff at British supermarket chain Tesco are set to share in a GBP38 million pound bonus payout, UK newspaper The...

Soybean export market

Based upon the response from hundreds of participants visiting the Ohio Soybean Council (OSC) booth at the U. S. Food Export Show, held early May...

Food companies moving away from GMO

Genetically modified food may be slowly disappearing from New Zealand supermarket shelves, as more and more food manufacturers shun the technology, reports the New Zealand...

New ingredients for infant formulas reviewed by FDA

According to Martek Biosciences Corporation, the American provider of health nutrients derived from micro-algae, the Food and Drug Administration (FDA) has completed its review of...

Lion Nathan to purchase more of Montana

Lion Nathan, the Australasian brewer faced little opposition from the UK's Allied Domecq on May 17th, when it purchased a further 9.5 per cent in...

2nd quarter results for Advanced Nutraceuticals

The American nutraceuticals producer Advanced Nutraceuticals, Inc. announced on May 16th its financial results for the second quarter and the six months ended March 31,...

Pernod Ricard clear to purchase Polish vodka

The French beverage group Pernod Ricard will acquire Polmos Poznan, the producer of Wyborowa, Poland's best-known vodka brand, reports the Financial Times. Agros Holding...

Tesco to expand in South Korea

On may 14th, Tesco, the British retail group announced it would invest US$3.2 bn in its South Korean venture over the next four years. Terry...

Nutraceutix Inc. & Sinphar Co. to develop products for Asia

Nutraceutix, Inc., an American company providing patented products for the nutraceutical and pharmaceutical industries, has announced the signing of a memorandum of understanding with Sinphar...

Union SDA bought two Brazilian sugar refineries

The French coop group Union SDA acquired two sugar refineries/distilleries Univalem and Gasa , located in the northwest part of Brazil. These acquisitions were made...

ADM Co. receives award

The Archer Daniels Midland Co., the American agricultural processing and nutraceuticals company, received the prestigious "Most Improved Investor Relations" award for mid cap companies at...

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