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Food finance and prices

The food industry is in constant financial motion; there’s always some company snapping up the assets of another, not to mention grappling with fluctuating costs of commodities. The latest money moves can have a big impact on ingredient supply, so it pays to keep up to date.

Sucralose sales bouncing back for Tate & Lyle

06-Nov-2009 - Tate & Lyle has seen a new surge in sucralose sales in the last 6 months thanks to customers restocking after running down amassed supplies; and stocks at the mothballed US site are expected to run down by the year’s end.

Symrise results show recovery in third quarter as destocking slows

05-Nov-2009 - Symrise third quarter sales show a marked ‘upswing’ as destocking came to an end with both flavour and fragrance segments showing positive growth.

Bioscience brings growth for Chr Hansen

04-Nov-2009 - Chr Hansen’s refocus on bioscience over the last four years, and a pipeline of new products, has yielded yet another year of growth in both sales and profits that defies the economic downturn.

ABF acting on enzymes and yeast potential

03-Nov-2009 - ABF Ingredients is taking advantage of high demand in enzymes and yeast, with new capacity coming on board this year or next. But for the last year, growth was driven largely by currency benefits.

Commission tackles food price transparency and fair practices

29-Oct-2009 - The European Commission has laid out a series of steps to improve supply chain relations in the food chain, and has launched a new tool to help ensure price transparency between actors.

Climate change to strike UK food prices, claims report

29-Oct-2009 - The price of staple foods in the UK could soar to four and a half times above inflation by 2030 unless developed countries slash their greenhouse gas emissions, warns a new report from Friends of the Earth.

Novozymes retains positive outlook after Q3 results

28-Oct-2009 - Novozymes has reported a better than forecast profit in the third quarter of 2009, on the back of higher sales volumes and better productivity – although sales of food enzymes have fallen.

Tate & Lyle to sell stakes in Saudi and Egyptian sugar refineries

27-Oct-2009 - Tate & Lyle has reached an agreement to sell its minority stake in sugar refineries in Saudi Arabia and Egypt to Saudi-based sugar refiner Savola, the companies have said.

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Fat chance for action on World Food Day

16-Oct-2009 - ‘Hunger down 50 per cent this year’, ‘Malnutrition eradicated in Africa’. Alas, dream headlines not gracing any newspapers this World Food Day. But if we hope to read them one day, governments, industry – and yes, individuals – need to stop thinking of their own interests first.

Nostalgia boosts UK food market growth

16-Oct-2009 - Nostalgic and ‘retro’ foods have helped drive continued sales value growth in the UK food and beverage market even as the country entered recession, according to a new report from Leatherhead Food Research.

Consumers want value for the long haul, says IGD

13-Oct-2009 - New habits die hard – at least, so the latest research on UK shoppers indicate, as more than half of those questioned by IGD said they will continue to be careful about spending even after the recession has ended.

Brits’ love of chocolate feeds sales growth

09-Oct-2009 - British people spend more money on chocolate than any other Europeans – and sales continue to grow, according to new figures from Mintel.

Firmenich plans post-recession with partnerships, innovation

08-Oct-2009 - Sweet goods, snacks and soups were amongst the categories that performed well for Firmenich in a recession struck year in which sales fell 4.3 per cent overall

ADM buys Czech oilseed plant

07-Oct-2009 - Archer Daniels Midland has made a new move to increase its precence in the Eastern European oilseed processing by acquiring assets of ViaChem Group in Olomouc, Czech Republic.

Food prices could triple with climate change: Report

01-Oct-2009 - Food prices could more than triple by 2050 as the climate changes, according to a new report from the International Food Policy Research Institute (IFPRI).

Danone splits from Wahaha; not talking to Mead

30-Sep-2009 - Danone’s troubled relationship with China’s Wahaha looks finally to be at an end; and rumours of a new deal with Mead Johnson over baby food are flatly denied.

Naturex merger to double 2009 earnings

28-Sep-2009 - Naturex, the French-based botanicals giant that recently acquired the ingredients business of Spanish company, Natraceutical Group, will earn €185m in 2009 – up from its 2008 income of €93.2m, as it announced details of the deal.

Kraft reportedly prepares hostile bid for Cadbury

28-Sep-2009 - Kraft Foods is reportedly preparing a hostile bid for Cadbury three weeks after the confectionery company rejected a £10.2bn ($16.7bn) offering.

PureCircle reviews ‘transformation’, eyes long term

23-Sep-2009 - PureCircle has reported a huge boom in sales in the “transformational” 2009 financial year, and has credit facilities that will allow it to expand as stevia sweeteners move towards the big time.

Xylitol still disappoints Danisco

17-Sep-2009 - Danisco sold ‘somewhat disappointing’ volumes of xylitol at the start of its new financial year, but says the sweeteners division is on track for recovery thanks temporary closure of xylitol plants and inventory reductions.

Private equity spies opportunities in small consolidators

17-Sep-2009 - Consolidation in the food sector during the recession is throwing up opportunities for private equity to invest in smaller companies – if they have a unique product and a diverse customer base.

Confectionery ingredients company bought by private equity

16-Sep-2009 - German confectionery agents maker Kaul has been snapped up by private equity fund Riverside, which plans to speed international growth for its new ‘hidden champion’.

Cadbury slams Kraft bid and business model

14-Sep-2009 - Cadbury has labelled Kraft “a low growth conglomerate” in a letter restating its rejection of the food giant’s £10.2bn ($16.7bn) takeover bid.

Callebaut-Natra chocolate plan turns sour

10-Sep-2009 - Barry Callebaut has confirmed it has ended negotiations with Spanish chocolate producer Natra over the integration of its European consumer chocolate business, citing differences over valuation.

GM policy could bring price, supply issues, warns UK

02-Sep-2009 - The UK government has warned that the EU’s hardline on GM food could disrupt the supply chain and result in price hikes.

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On Your Radar > Food finance and prices

Food finance and prices

The food industry is in constant financial motion; there’s always some company snapping up the assets of another, not to mention grappling with fluctuating costs of commodities. The latest money moves can have a big impact on ingredient supply, so it pays to keep up to date.

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