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On your radar > Food prices

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.

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.

Mühlenchemie launches guar gum replacers

Flour treatment firm Mühlenchemie has launched a new guar gum replacer range for the bakery industry, which it claims is superior to pure hydrocolloids such as locust bean or tara...

Exclusive interview

Ulrick & Short: non-GM sourcing getting tougher

UK-based Ulrick & Short is committed to non-genetically modified (GM) ingredients and is redoubling efforts to source them, although that task is becoming tougher, according to director Adrian Short.

Low olive oil prices won’t last, warns Mintec

Olive oil prices are at rock bottom, so food manufacturers would be advised to secure supplies now to fix prices, as the trend will not last, Mintec has warned.

Commission denies rising food price is competition issue

Rising food prices across Europe are not attributable to a failure of competition dynamics in the food industry, according to a report just issued by the European Competition Network (ECN).

No cuts to gluten free food prescriptions, say dieticians

The British Dietectic Association (BDA) has backed calls to provide free gluten free staples on prescription in the UK.

Global sugar prices to fall 19% by 2013 – Rabobank

Sugar prices worldwide are forecast to fall around 19% by 2013 as supply remains above demand, according to financial services group Rabobank.

Cocoa deficit to bring prices higher, predicts Rabobank

A consecutive deficit in 2012/13 is set to move cocoa prices higher as supply struggles to meet rising demand for chocolate products in Asia, according to financial services group Rabobank.

Rain hits analyst's forecast for New Britain

Rain dragged down profit forecasts for New Britain Palm Oil (NBPO), damaging crops in Papua New Guinea, according to Phil Carroll, analyst at Shore Capital.

Focus on food security intensifies as politicians gather

Government should not rely on industry to fix the food chain, according to global charity Oxfam, speaking ahead of the G8 and Rio+20 Summits.

FoodDrinkEurope tackles trade barriers in US

EU trade group FoodDrinkEurope teamed up with the European Commission (EC) on a delegation to the US at the end of last week aimed at building stronger export links.

Zetar’s nuts hit by raw material price inflation

Zetar took a 5% hit in annual group revenue after exiting from low margin core commodity sales, particularly in processed and packed nuts, at the beginning of 2012.

Chr Hansen shares jump 9% on strong H1 profits

First half EBIT profits for 2011-12 surged 19% to €83m at Chr Hansen as it shrugged off the effects of severe fluctuations in the price of red colorant carmine, and...

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...

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