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Foot and mouth to cost the UK economy £9 billion

The foot-and-mouth crisis in the U.K. will cost the economy £9 billion, according to British media reports.Data from the Centre for Economics and Business Research...

Phillip Morris aims for $5bn Kraft sale

Philip Morris hopes to raise up to $5bn from the initial public offering of US food giant Kraft , the Financial Times reports. Phillip Morris announced...

Britain starts mass slaughter

Britain started to kill tens of thousands of healthy sheep, goats and pigs on Friday in an effort to end the foot-and-mouth outbreak. It is...

New sports drink hits the market

PacificHealth Laboratories, Inc., a US nutrition company, announced this week the launch of a new sports nutrition product. Accelerade®, a sports drink, claims to...

Northern Foods goes for mints

UK food provider Northern Foods is in talks with Nestle to buy Fox's Glacier Mints and "XXX" extra strong mints, the BBC reports. The company...

Chinese food companies help agricultural development

The establishment and development of leading food enterprises has increased the industrialised operation of agriculture in China's Ninth Five-Year Plan period (1999-2000), Asia Pulse reports....

Gum Tech sells operations to Wrigley

Gum Tech International Inc., announced on Thursday that it has signed a definitive agreement to sell selected assets of its gum business to the Wrigley ...

Heinz to reduce workforce

US Food maker H.J. Heinz Co. said on Thursday it is to close some plants and reduce its workforce by 4 per cent, or nearly...

EU criticises massive embargoes

The European Union on Wednesday threatened to complain to the World Trade Organisation after the US and several other countries banned EU meat and livestock...

Nestlé and Cola deny joint venture rumours

Responding to an analyst's report, (see news yesterday) Nestle SA said it has no plans to collaborate with Coca-Cola Co. in the bottled-water business. "Presently...

Eridania Beghin-Say Group divides into four

French food ingredients group Eridania Beghin-Say is to demerge in July 2001. The news arrived at the same time as mixed financial results for 2000....

Danone confirms provisional results

French food giant Groupe Danone confirmed its provisional results on Wednesday for the year 2000 which saw an increase in group sales of 7 per...

Parmalat to sell in US Kmart

Parmalat , one of Europe's leading dairy companies, said on Wednesday that it has entered an agreement with U.S. retailer Kmart to sell Parmalat milk and...

Programme to help food industry in Middle East

Jordan and the UN Industrial Development Organisation (UNIDO ) on Monday issued a statement for the implementation of an Integrated Programme which aims to improve the...

ADM closes soybean plant

Archer Daniels Midland Co., the leading U.S. oilseed crusher, said on Monday its soybean crushing plant in Little Rock, Arkansas, will be shut down indefinitely....

Do not abandon us, NFU asks gov

As the number of confirmed foot-and-mouth cases reached 204 in the UK on Tuesday, National Farmers Union president Ben Gill told the Prime Minister, "You...

Coca Cola and Nestlé,rumours of water venture

Coca-Cola Co. andNestle SA are considering a $3 billion joint venture in the water business, according to Sanford C. Bernstein & Co. beverage analyst Bill...

Ocean Spray launches website

Ocean Spray's Ingredient Technology Group (ITG) announced this week the launch of a new website, www.oceansprayitg.com . Visitors can access the group's latest corporate, product and...

Cadbury may bid for Pepsico sports drink

British confectionery and soft drinks group Cadbury Schweppes is considering a bid forPepsiCo Inc's All Sport Body Quencher for up to 60 million pounds ($88.09 million),...

First foot-and-mouth case strikes France

The first case of foot-and-mouth disease in continental Europe was confirmed in Mayenne in the north-west of France on Tuesday. The Ministry of Agriculture announced...

Food exports from Australia to Asia show strong growth

Australian food exports to Asia grew 13 per cent in the December quarter and are expected to exceed $12 billion, the Supermarket to Asia Council...

Australia to develop national food industry strategy

Australia is to develop a national food industry policy to identify new areas of growth, the government announced this week. Agriculture Minister Warren Truss will...

Foot and mouth disease update

Twenty-two new cases were confirmed on March 11 in Powys, in Devon 4 cases , Cumbria 8 cases, Worsestershire, Derbyshire,Dumfries and Galloway 2 cases, Gloucestershire,...

Signs that Dean Foods may be sold

Dean Foods , the second-largest dairy processor and distributor in the US, has called in Goldman Sachs, the US investment bank, to advise on strategic and...

United Biscuits sells frozen fish business

United Biscuits is to sell its stake in Young's Bluecrest, the frozen fish business, to the venture capital division of Legal & General (LGV), the...

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