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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.

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 that barley brewing enzymes could help brewers cut down on more costly malt-based products, and develop...


Brewing enzymes help ensure sustainable production, Danisco

Ulf Brøchner Sørensen, global product manager, brewing and distilling enzymes at Danisco, told 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.

Wheat and cocoa deliver for ADM but overall profit down 15%

Archer Daniels Midland’s (ADM) unit that processes wheat and cocoa saw a 62 per cent hike in profit but the agri-commodities giant’s overall earnings for its fourth quarter dropped 15...

Cargill and ABF-owned firm accused of “manipulating” wheat market

Reports that a company owned by Cargill and ABF bought all the available UK feed wheat last month has renewed calls for tighter regulation of commodity markets.

Rising food costs causing ‘consumer recession’, say analysts

Rising inflation is forcing consumers to cut their shopping budget, leading to early indications of a ‘consumer recession’ hitting Europe, according to analyst group SymphonyIRI.

Natural colours drive Chr Hansen Q3 results; probiotic uncertainty continues

The newly renamed Natural Colors Division was the star performer in Danish ingredients supplier Chr Hansen’s Q3 results, showing 34% organic sales growth for the quarter, compared to 5% for...

Higher food commodity prices here to stay

High food prices and volatility in commodity markets are here to stay, according to a new report by the Organization for Economic Cooperation and Development (OECD) and the Food and...

EC defends flash boosts to sugar quotas

The European Commission has defended its decision to release thousands of tonnes of sugar on to the market after accusations that the move would have a detrimental impact on the...

French drought could push up global wheat prices

France’s driest spring in 50 years is likely to have a heavy impact on its wheat harvest and could drive up global wheat prices, according to French agriculture minister Bruno...

Food prices could double by 2030, says Oxfam

Food prices could double by 2030, claims UK based charity Oxfam, which also estimates that demand in 2050 could be 70 percent higher than current levels.

Dry weather leaves brewers with malting barley supply crisis

A dry spring in much of Europe has sent malting barley prices shooting upwards – adding to the woes of brewers already under pressure from weak beer demand, according to analysts.

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