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Cereol to focus on oilseeds, not olive oil

Montedison food subsidiary Cereol said on Wednesday it planned to focus its strategy on oilseeds and suggested it could sell its Carapelli olive oil unit....

High-fructose syrup plus soybeans brighten ADM outlook

Agribusiness processing giant Archer Daniels Midland Co.'s prospects have brightened as the outlook for its mainstay soybean products and high-fructose corn syrup improves amid favourable...

Japanese meat company axes jobs

Japan's Prima Meat Packers Ltd said on Tuesday it would slash its workforce by about 30 per cent by March 2005 to help it weather...

Danisco to expand global emulsifier production

One out of every three loaves of bread produced around the globe by a commercial bakery contains emulsifiers from Danisco. So the company claims this...

Parma pushes food agency bid

People in Parma love food and many live by producing it so they see every reason why their city should be picked to host the...

World casein demand weakens

The outlook for the dairy market is concerning, although payouts would hold at forecast levels in the short-term, New Zealand dairy processor Fonterra Cooperative Group...

Q3 sales slow but Tesco performs well

Britain's leading grocer Tesco Plc, which is making a big push into non-food products and developing markets, on Tuesday showed it was continuing to outperform...

AmBev raises funds for debts

Brazilian beverage leader AmBev, the world's fourth-largest brewer, said on Monday it would issue $500 million (568 million euros) in bonds to pay off short-term...

Poultry producers in line to cash in on Cuba

Cuban President Fidel Castro's government was expected to buy more U.S. food products this week, as executives of major poultry producers headed to Havana, a...

Ahold earnings rise despite difficult climate

Ahold, the Dutch food retail and food service company, saw third quarter net earnings for 2001 rise by 28 per cent to Euro 333.1 million,...

Investment rise for US Smirnoff Ice malt beverage

Guinness UDV North America Inc., the North American arm of British drinks giant Diageo Plc on Monday said it bought a Lehigh Valley plant from...

Hong Kong retailers keen to enter China following WTO

Hong Kong-based retailers are poised to make multi-million-dollar investments to strengthen their presence in China and tap into the new business opportunities presented by the...

Highest bid for Carling from the US

U.S. beverage company Constellation Brands has emerged as the highest bidder for Britain's leading lager Carling, according to reports, FTMarketWatch comments this week. The...

Non GM soya markets set for change in year ahead

The year 2001-2002 will be crucial for shaping the markets for non-GM derived material relative to GM derived material, particularly in Europe, UK market analysts...

Dairy company chases dairy producer

Australian dairy company National Foods Ltd said on Monday it would make a A$77 million (45 million euros) cash offer for Australian dairy producer King...

NZ food ingredients company reports strong profit

New Zealand food ingredients company Cedenco Foods Ltd on Monday reported a net profit after tax of NZ$4.2 million (1.96 million euros) for the year...

Spanish food group considers merger

Spanish food group Sos Cuetara said on Wednesday it would consider a merger with Koipe after it completes its 414.7 million-euro ($364.7 million) takeover of...

Strong dairy and bakery growth boosts food processor

George Weston Ltd., Canada's biggest food processor and distributor, posted higher profits on Tuesday, bolstered by strong growth in its dairy and baking operations. ...

Functional food margarine helps Unilever brand ranking

Muller yoghurt and Flora margarine enjoyed the biggest gains in Britain's top 20 grocery brand rankings while two Procter & Gamble products were among the...

Flavour companies to merge

US flavour group Technology Flavors and Fragrances, Inc. has entered into a letter of intent to merge with another flavour and fragrance company Belmay Holding...

Danish ingredients company wins web award

Danish ingredients company Danisco received recognition on Tuesday for its online communication when the daily newspaper Børsen awarded the Danisco website the best Danish business...

Consumers reach for comfort food

When Americans get queasy about the economy, they reach for comfort food like chocolate and ketchup and don comfort clothes like Levi's jeans, research from...

Barry Callebaut maintains targets

Swiss industrial chocolate producer Barry Callebaut AG on Tuesday reported 2000/2001 results in line with analysts' expectations and maintained its medium-term targets while raising its...

Japanese food producers look to Thailand

Due to a lack of raw materials to supply food manufacturers at home, Japanese food producers have shown interest to co-invest in food production with...

BASF waits for vitamin fine

German fine chemicals company BASF AG does not know when the European Commission will make a decision based on its investigation into vitamin price fixing,...