Strengthen tortillas during manufacturing with gum systems
TIC gums
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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.
Plantation acquisition to boost New Britain Palm Oil production
New Britain Palm Oil (NBPOL) has completed a major acquisition that increases its plantation area by more than 50 per cent, at a time when a shift is underway towards...
Nutrition brings rosy glow for DSM in Q1
DSM looks to have kicked off 2010 in good form, with a 24 per cent increase in net sales overall and a stable and robust performance from its nutrition division.
Call for EC to intervene to end volatility in cereal prices
EU farmer representatives are urging the European Commission to intervene to stabilise cereal prices and reduce volatility in the market.
Chr Hansen preparing for IPO, NASDAQ listing
Chr Hansen has confirmed its intention to launch an initial public offering to facilitate future growth, and expects to raise around €450m in primary proceeds.
Food leads EU manufacturing industries
The European food and drink industry is the largest manufacturing sector in the bloc, coming ahead of the automobile and chemical industries, but R&D investment remains “insufficient”, according to a...
Boom time for stocks eases prices for wheat-linked ingredients
After the soaring highs of 2008, weaker wheat prices continue to bring welcome relief to food makers’ bottom line.
Food retail prices stubbornly resist the recession
New data has revealed that food price inflation remains a reality despite the global recession and the spike in prices that preceded it.
Downturn affected demand for Cognis health, nutrition offerings
Cognis claims to have steered a steady course through last year’s economic upheaval. But despite a return to profitability, the downturn took its toll on nutrition and health and care...
Danisco sees shoots of recovery for sweeteners
Danisco has reported the first quarter of year-on-year growth for its sweeteners division since xylitol problems struck two years, but staff reductions are on the cards to get a strong...
Symrise celebrates recession resilience
Germany’s Symrise has reported a year of above-market growth, buoyed by especially good sales in South America and acquisitions in the US.
Kraft silent on pension freeze impact for Cadbury
Kraft has announced that it will begin to end pension increases for current and non-union hourly employees from year end 2019 but the US food group did not provide any...
AAK's speciality strategy shows recession resilience
Cost savings and a strategy that fits with chocolate eating habits in the recession have meant for an acceptable full year for AAK, topped off with an especially good Q4.
Developing markets drove Givaudan ‘09 sales
Latin America and Asia led the way with strong sales for Givaudan’s flavour division in 2009, prodding it towards 1.9 per cent sales growth in local currencies in a tough...
BASF raises propionic acid prices again
BASF is bringing in another price increase for propionic acid, a food preservative, because increasing costs of raw materials mean the margins are unsatisfactory.
Food sector can help pull economies from recession
The food industry’s relative immunity to the effects of recession, and the strong links throughout the supply chain, mean it can play a part in reinvigorating the whole economy, say...
IPO considered for Chr Hansen
The private equity owner of Chr Hansen, PAI Partners, is evaluating the possibility of publically listing the company, the Danish ingredients company has confirmed.
Cadbury recommends acceptance of new Kraft takeover bid
Kraft has struck an £11.7bn deal to acquire Cadbury in a move that could bring to an end months of fierce corporate battles.
Sugar sweetens new year sales for ABF
Associated British Foods has started its new financial year with a surprisingly good performance from its sugar business, causing analysts to raise their eyebrows and their H1 expectations.
Callebaut confident in face of flat chocolate market
The worst of the global economic crisis on chocolate is over but global market volumes will remain flat throughout 2010, predicts Barry Callebaut – which itself is expecting to outperform the market.
Tea prices could prompt over-supply, warns FAO
Record world tea prices in 2009 could cause some tea producers to plant more crops and lead to eventual oversupply to the market, the FAO warns.
FrieslandCampina plans 942 job losses in production shake-up
Dutch dairy co-operative FrieslandCampina has announced six site closures and 942 fresh job losses a year after its formation.
Cadbury’s union moves to block Kraft takeover
British and Irish workers at Cadbury have announced a campaign to resist Kraft’s hostile ₤9.8bn ($16.3bn) takeover bid by appealing to shareholders and politicians to block the deal.
Food prices rising again, FAO warns
Global food prices are on the rise again, the FAO warns, but a repeat of the 2007/08 spike does not look likely without the same disastrous confluence of factors.
Treatt profits from strong dollar
Flavour and fragrance ingredients company Treatt has posted increased revenues during the 2009 financial year helped by the strength of the US dollar, and better results from Earthoil.
Prices should reflect investment in food
Western consumers do not expect to pay high prices for their food today. But Yves Servotte of the Beneo Group believes food should be valued like any other hi-tech product,...
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