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On your radar > Food prices

Food prices

With memories of peak prices in 2007-8 still vivid, manufacturers must keep a close watch on commodity markets. Sudden shifts can have a massive, overnight impact on costs - and worsen food insecurity in developing countries.

Additional EU sugar imports expected as industry squeezed by quotas

The European Union is expected to allow additional sugar imports to the market in the coming weeks in a move welcomed by the confectionery industry.

Wheat supply still ‘comfortable’ after USDA lowers forecast, says analyst

The United States Department of Agriculture (USDA) has lowered its forecast for global wheat end stocks for 2011/12, but supply overall remains comfortable, according to an analyst.

DuPont champions alternative hydrocolloids as guar replacers

Amid sky-high prices and shortages of guar gum driven by an unprecedented surge in demand, food formulators have renewed focus on finding replacers and DuPont is championing use of alternative...

Euromonitor commodity talk: The highs, the lows and demands

Low coffee demands, surplus cocoa stocks, rising sugar prices and a geographical shift in the wheat market, are just a few points raised by Euromonitor’s senior food analyst in its...

News in brief

Rocketing US cheddar exports fuel strong full-year for Glanbia

Irish dairy firm Glanbia says that booming US cheddar export sales fed into a strong 2012, but warned that the key risk to the global dairy market in 2012 centred...

Arla Ingman accuses Valio of squeezing rivals with Finnish milk monopoly

Arla Ingman and other producers have filed a complaint with Finland’s competition authority regarding market leader Valio, alleging the firm has abused its position to maintain a liquid milk market...

Arla Ingman accuses Valio of squeezing rivals with Finnish milk monopoly

Arla Ingman and other producers have filed a complaint with Finland’s competition authority regarding market leader Valio, alleging the firm has abused its position to maintain a liquid milk market...

2015 sugar quota deadline must be adhered to, say soft drink makers

Growth opportunities are being stymied in sectors such as the soft drinks industry due to uncertainty over sugar supply in the EU market, claims a leading UK trade body.

Tate cautioned on sucralose prices; Q3 results don't surprise

In a competitive sucralose market, Tate & Lyle should price the sweetener keenly to ensure significant market share in the future, claims an analyst as the group releases ‘reassuringly dull’...

Dispatches from Feeding the World conference in Geneva

'It shouldn't all boil down to yield,' says food systems activist in call to action

How to tackle obesity and hunger remains a two-pronged challenge for the agri-food industry, but increasing crop yield is not the answer - instead the focus should be on boosting...

Tight supermarket milk margins set Dairy Crest stock ‘in doldrums’, analysts

Dairy Crest has issued a mixed trading update for the first nine months of its fiscal year, with persistent tight margins in its dairies business sector offset by strong performance...

Tight supply and high prices in guar gum look set to continue

Tight supply and high prices in guar gum are set to continue until at least the end of 2012, and probably beyond, claims a leading hydrocolloid industry analyst.

Uncertainty ahead as maize market to dictate wheat prices in 2012 – analyst

Wheat prices in 2012 are likely to be volatile and will be dictated by the global maize market and weather conditions, according to an analyst at the UK’s Agriculture &...

Barley brewing offers basis for portfolio variation and sustainability, DSM

Jeroen van Roon, global marketing manager for beer for DSM Food Specialties told BeverageDaily.com that barley brewing enzymes could help brewers cut down on more costly malt-based products, and develop...

EXCLUSIVE INTERVIEW: DISPATCHES FROM BRAU BEVIALE 2011

Brewing enzymes help ensure sustainable production, Danisco

Ulf Brøchner Sørensen, global product manager, brewing and distilling enzymes at Danisco, told BeverageDaily.com at Brau Beviale that there was trend globally towards less expensive, more sustainable production....

Analysts optimistic about recovery potential for ABF Ingredients

Analysts expect a modest element of recovery for ABF Ingredients in the year, driven primarily by the fact its Chinese yeast facility is now operational and can generate greater economy...

Proliant pioneers lower cost whey and lactose alternative

US firm Proliant Dairy claims to have developed a new dairy ingredient that can successfully replace expensive whey powder, lactose and skimmed milk powder in a variety of food systems.

Soaring butter demand sees supply shortage hit Finland, Sweden and Russia

Shops in Finland, Sweden and Russian will suffer some ‘scarcity’ of butter supplies for the rest of this year, as leading Finnish dairy processor Valio struggles to meet soaring demand.

Danone feels the heat with ‘flat’ Russian sales

Last year's severe summer drought in Russia has hit Danone’s third quarter (Q3) 2011 dairy sales in the country, with the French company forced to raise prices to end consumers...

EU food and drink sector backs Brussels decision to end sugar quotas

The EU food and drink manufacturing sector has welcomed Brussels decision to abolish the EU sugar quota system by 2015, claiming it will allow a more market-focused sugar regime.

Speculation said to be key driver in food price instability

A new report from the World Development Movement (WDM) links financial speculation to the rising cost of foods, and calls for effective regulation to curb banks betting on food prices...

‘Sweets for my sweet’ costly for Bulgarian confectioners

EU-wide sugar shortages have led to particular problems for confectioners in Bulgaria, according to recent comments from a trade body in that country.

Brussels looks set to end sugar quotas by 2016

The EU is set to abolish the system of sugar production quotas for the bloc as well as guaranteed minimum prices from 2016, according to a Brussels source.

Unilever: “Strength of brands” combats price hikes as H1 profits rise

Food giant Unilever saw net profits grow 10% to €2.235bn in the first half of 2011, with its brand equity allowing it to weather severe raw materials price hikes in some cases.

Unilever tipped to sell food business for €14bn

Analysts at investment bank Liberum Capital said they expect Unilever to sell its food arm, excluding the ice cream and beverage category, for an estimated figure of €14bn.