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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.

Rousselot increases gelatine prices (again) on raw material squeeze

Rousselot has said it intends to increase gelatine prices in the coming quarter due to ongoing shortages of beef bones and pig skin, and extra pressure on the market from...

Swiss consider Emmental production quotas in price boost effort

The Swiss government is considering implementing production quotas across the Emmentaler supply chain, in an effort to keep manufacturers of the iconic cheese and their milk suppliers afloat.

Meat reduction: ‘Recommendations should no longer be based on health effects alone’

Dietary recommendations to cut back on red and processed meat could help the UK government toward its target for reducing greenhouse gas emissions, as well as providing health benefits for...

ABF says it will meet expectations despite £100m charge

Associated British Foods (ABF) has said that its full year results will include a £100m (€125m) impairment charge for its Australian meat business – although it expects second half earnings...

Global food prices stabilise, calming food crisis fears

The global food price index held steady in August, calming fears of a repeat of the 2007-08 food crisis – but governments could still do more to stabilise markets, according...

UK dairy contract code of best practice agreed

UK processor and farmer representatives have settled on a code of best practice relating to milk supply contracts – the latest effort by the British dairy industry to rebuild relations...

Arla increasing UK milk prices in confidence rebuild effort

Arla Foods UK has increased the standard price it pays to dairy farmers for milk and adopted a new, more transparent milk pricing and sourcing model in an effort to “build...

Israeli authorities indict bakeries over price-fixing ‘bread cartel’

Several Israeli bakery chains have been issued with charges by the anti-trust authorities over accusations of collaborative involvement in the price fixing of bread products and anti-competition activities.

FrieslandCampina posts H1 profit increase, cites infant nutrition growth

FrieslandCampina has posted a profits increase for the first six months of 2012, citing growth in infant and toddler nutritional product markets.

Initiative will boost milk pricing transparency – Robert Wiseman Dairies

Robert Wiseman Dairies has launched an initiative with dairy farmers to increase the transparency of how it determines its farm gate milk prices (FGMP).

Russia joining WTO offers food industry opportunities

Russia’s accession to the World Trade Organisation (WTO) today “will open up new opportunities for Europe’s food business”, according to food industry trade body FoodDrinkEurope.

Food price crisis could spread famine

Relentless food price increases threaten to tip many more people into famine, according to global charity Oxfam.

CSM battles costs, but H1 profits still down

CSM clawed back some pre-tax profit losses from higher raw material costs and falling demand in its second financial quarter, but pre-tax profits remain down for the half year (H1).

Upward pressure on UK food prices on horizon

Upward pressure on UK food prices is around the corner, driven by global forces such as rocketing corn prices and the knock-on effect on animal feed, according to Clive Black,...

Cranswick set for strong year ahead

UK meat processor Cranswick would benefit from millions of pounds worth of investment and the potential closure of Vion’s pig processing unit in Scotland in the coming year, according to...

Dairy Crest praised for ‘Churchillian’ milk price cut delay

Dairy Crest has been praised for its “Churchillian” decision to defer its planned raw milk price reduction while it continues talks with protesting farmers.

Food groups take stand on CAP priorities

Fairness in the food supply chain must be addressed alongside other priorities related to the reform of the Common Agricultural Policy (CAP), according to farmers’ union representatives.

Tate & Lyle Speciality Food Ingredients takes hit

Pre-tax profit at Tate & Lyle’s Speciality Food Ingredients (SFI) division took a hit in its first quarter from strikes in Turkey and lower volume sales in sucralose.

Campaign will continue despite producer-processor agreement – Farmers for Action

Farmers For Action (FFA) has heralded a draft agreement between the farmers and processors as a “step in the right direction” but has vowed to continue its campaign against retailers...

Asia-Pacific to overtake Western Europe in natural flavours

Sales of natural flavours in Western Europe are set to be overtaken by sales in the Asia-Pacific market within the next three years, according to market research firm RTS.

Tough economy threatens juice and nectar sales

EU fruit juice and nectar volumes will be hit by the shaky European economy this year, the European Fruit Juice Association (AIJN) has predicted.

Price volatility as concerning as high commodity prices - Commission

Price volatility is as concerning as constant high commodity pricing, according to a European Commission response to a new report on global agricultural development in the next decade.

Sweet creamer cuts sugar by at least 40%

FrieslandCampina Kievit has launched a sweet creamer concept that can replace more than 40% of sugar in instant beverages and cut costs for manufacturers.

Dispatches from IFT 2012 Las Vegas

Kalsec prepares for rise in adulteration cases

Kalsec has refined its methods for detecting adulteration of essential oils in preparation for a coming rise in cases, particularly in the area of garlic- and onion derived oils.

Lobby or lose: Food industry must get behind calls to scrap biofuel targets

The European food industry must back calls to remove EU backed biofuel production targets, or face growing volatility as commodity costs soar, warns ActionAid.