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Allied bids for NZ wine group

British food and drink group, Allied Domecq , announced on Wednesday it wants to buy New Zealand’s biggest winemaker, Montana. The group will bid NZ$944...

Eridania Beghin-Say announces financial upturn for 2000

French-Italian food group, Eridania Beghin-Say, announced on Tuesday preliminary results of a 3.1 per cent incease in operating income from 1999 to 2000 to 388...

Milk down the Australian drain

In protest against dairy deregulation dairy farmers in Australian said on Tuesday that thousands of litres of milk will be poured down the drain. ...

Salmonella compensation to reach Au$5 million

An orange juice company liable for a salmonella outbreak in Adelaide in 1999 will face compensation payouts totalling about $5 million to an estimated 500...

Rise in energy costs harm sugar giant

Sugar group Tate & Lyle issued its fourth quarter profits warning in this financial year on Tuesday, stressing that soaring energy costs would affect the...

Kraft strengthens coffee position in East European

Kraft Foods International, a unit of Philip Morris Co., on Tuesday said it agreed to buy two coffee businesses in Europe, strengthening its market positions...

Blush free cranberry juice launched

US giant cranberry co-operative, Ocean Spray, this week launched a white equivalent to its reputable cranberry juice. The clear juice is made from cranberries...

PepsiCo announces 15% rise in earnings

US snacks and soft drinks group, PepsiCo, announced on Monday soaring earnings for the last quarter across all its businesses. Steve Reinemund, chief operating officer,...

General Mills anticipate strong 3Q earnings

General Mills, the US food and cereals group, announced on Monday that its current quarter's earnings would be "significantly above" Wall Street expectations, the Financial...

Soya sales on the increase

Soya consumption on the increaseIncreasing consumer awareness of the health benefits of soya is boosting sales of the full range of soya products, reports ADM...

Raisio signs agreement with Atria

Finnish food group Raisio announced on Friday that it would supply its cholesterol-cutting stanol ester ingredient to meat products group Atria for an undisclosed sum....

11th Gums and Stabilisers Conference

The eleventh biennial conference on Gums and Stabilisers for the food industry is to take place in Wrexham, UK on 2nd to 6th July 2001....

Major Asian ingredients exhibitions in April and May

From April 3-5, 2001 500 national and international exhibiting companies from China and overseas will meet at the Food Ingredients Asia (Fi Asia - China)...

US soy sales booming

Sales of soy products in the U.S. have now risen above $2.5 billion annually, reports US organisation Foods for the Future. Purchase of soyfoods is...

Sports drink sales boost Quaker Q4 results

Quaker Oats, the US food and beverage group, on Thursday reported a 15 per cent rise in fourth quarter profit, excluding charges, and said its...

UK beef sales are rising despite BSE cases

Commission calls on Europe to follow UK exampleEuropean Union countries being swept by fears over BSE - mad cow disease - have been urged to...

Northland Cranberries optimistic for 2001

US Northland Cranberries Inc. anticipates a smallprofit for the fiscal year 2001 Chairman John Swendrowski said on Tuesday. Speaking at the shareholders annual meeting Swendrowski...

Phillip Morris sees rise in Q4 profit

Philip Morris, the food and tobacco giant, said on Wednesday that fourth quarter profits rose 7.5 per cent and anticipated that earnings would grow in...

CPG web sites show strong growth

US consumers are increasingly turning to the web for food and consumer products, a study released on Wednesday suggests. US market analysis companies Information...

Dole Food 4Q loss blamed on bananas

US fruit and vegetable group, Dole Food, announced a fourth-quarter loss that significantly exceeded Wall Street expectations, the Financial Times reports. The company blamed a...

Australia to form BSE battle plan

In a bid to prevent an outbreak of mad cow disease in Australia a special committee met in Melbourne on Tuesday. The Australian National Health...

Fischler warns ministers over BSE

At a meeting of European agriculture ministers this week to discuss the BSE crisis, Franz Fischler, the European Farm Commissioner, warned that the situation was...

Nestlé-Coca-Cola jump on health drinks wagon

US drinks giant, the Coca-Cola Company and Swiss group Nestle S.A. announced on Tuesday the further development of their existing joint venture partnership, Coca-Cola and...

Danone dairy and drinks improve profits

Danone, the French foods group, on Tuesday reported a 5.7 per cent rise in 2000 net profits, helped by a higher revenue from its drinks...

Organic soy meat alternatives launched

Natural products producer, US Boca Foods, is to launch an organic soy line in April. The company is claiming to be the first national manufacturer...