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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,...

Danisco, online services aim to push quality

Danish ingredients company Danisco is to offer quick online information to growers in Denmark and Sweden. Sugar beet growers in Denmark and Sweden now...

Diageo - Seagram deal draws closer

U.S. antitrust authorities could give the green light to an Anglo-French bid for Seagram's drinks portfolio as soon as today, an industry source said on...

Vietnamese confectionery hits the stock market

Vietnamese confectionery firm Bien Hoa Biscuit and Candy Co, or Bibica, said on Tuesday it had received a licence to list on Vietnam's fledgling stock...

Consumer satisfaction falls

The University of Michigan's American Customer Satisfaction Index dropped slightly in the third quarter marking its fourth consecutive decline, as customer satisfaction with many consumer...

Ajinomoto shifts production base

Ajinomoto, Japan's largest seasoning maker, will move its production base for worldwide distribution to Thailand from Japan to cut costs, the Nihon Keizai Shimbun reported...

Groupe Danone disappointed over Frucor

French drink and food company Groupe Danone has shown disappointment that the independent directors of takeover target Frucor Beverages have rejected its bid, an Industry...

Lion Nathan wine deal on track

Australasian brewer Lion Nathan Ltd said on Thursday it had received acceptances for 93.5 per cent of the shares in Australian winemaker Petaluma Ltd. ...

Ahold clears regulatory hurdle

Ahold, the Dutch food retail and foodservice company, announced on Thursday that it had gained regulatory approval for its acquisition of Alliant Exchange, Inc. ...

Soymilk profits soar on mad cow scare

Japan's top soymilk producer, Kibun Food Chemifa Co Ltd, said on Friday it would quadruple its net profit this fiscal year to a record 630...

Cerestar reports improvement for 3Q

Starch company Cerestar, a recent acquisition of Cargill, reported an improvement in third quarter results, with a Cerestar group operating income of EUR 5.3 million...

Raw sugar contract to Europe threatened

Small Pacific island sugar producer Fiji has been warned that it could lose a A$350 million (207 million euros) contract to supply raw sugar to...

Ajinomoto in food venture

Ajinomoto Co Inc , Japan's largest seasoning maker, and another Japanese food manufacturer, House Foods Corp , said on Wednesday that they had set up...

Organics offer strong potential exports for developing countries

The organic fruit and vegetable market offers significant potential for countries to increase their export earnings and diversify their agricultural base, according to a new...

Dairy Crest consumer food profits rise 76 per cent

Britain's Dairy Crest Group reported a 39 per cent increase in half-year profits on Wednesday and its shares moved higher after the nation's biggest dairy...

Sale boosts BASF profits but earnings fall

German chemicals maker BASF said on Tuesday its net profit rose 21 per cent in the third quarter from the same period a year earlier,...

Canadian consumers pay a milk premium

Canada's supply management system for milk may be costing consumers $2.5 billion a year, according to the Fraser Institute. The free-market think-tank says that after...

Innovations for functional egg ingredients

US Golden Oval Eggs and Canadian company Inovatech this week announced the formation of a joint venture, Inovatech USA. Canadian Inovatech has established the...

Danisco Venture invests in biotechnology and foods

Danisco Venture, the venture capital arm of Danish food company Danisco, announced recently that it has invested DKK 10 million in DTU Invest. The...

Danone steps closer to drinks purchase

While Frucor's independent directors search for a rival takeover offer, French suitor Groupe Danone has tightened its grip on the drinks maker, IndustrySearch reports. ...

US vitamin sales slump hits Numico

Dutch food group Numico NV Wednesday suffered a 10 per cent fall in underlying profit in the third quarter on the back of weaker U.S....

Consumer concerns revealed

Price, time and convenience are the most important factors for consumers, a new report from the UK Food Standards Agency (FSA) revealed last week. ...

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