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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.

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.

‘Micro-size’ chocolate tackles cocoa price max-out

With cocoa per-tonne prices standing at about €2080 in the aftermath of the Ivory Coast crisis, chocolate suppliers are coming to the fore with solutions to deliver ‘chocolateness’ with less...

Frutarom will not shy away from redressing raw material rises

Frutarom has reported a strong start to the year as the recovering economy and restocking trend brought organic sales growth, but has warned that it will continue to “act determinedly”...

Volatile wheat prices still well below 2008 peak, volumes to rise: FAO

Wheat prices have been volatile in March but are still well below their 2008 peak, according to a new report from the Food and Agriculture Organization (FAO).

Raisio: procurement partnerships may help us compete with multinationals

Finnish firm Raisio believes that collaborative procurement could be key to enabling medium sized, regional players to compete on a more equal footing with the multinationals.

CEO shares how Nestle copes with raw material price hikes

Nestle will use price increases as a last resort in the face of rising raw material costs, says its CEO, and only after implementing its 4-point strategy based on trend...

Likely cocoa price increases if Ivory Coast ban is extended, Rabobank

An indefinite extension of the Ivory Coast one month cocoa ban could lead to a further hike in cocoa prices, according to Rabobank analysts.

High sugar prices stimulate neotame take up, NutraSweet

The NutraSweet Company's sales of high intensity sweetener neotame grew by 20 per cent between 2009 and 2010 – and the same percentage is expected this year as sugar prices...

DWC launches cellulose-based flavour stabiliser for beverages

Dow Wolff Cellulosics (DWC) is launching a new flavour stabiliser for beverages, which can be used instead of gum Arabic and OSA Starch to prevent oil separation and safeguard flavour...

WDM campaign supports food speculation controls in Europe

A campaign is in full flight to build public support for European curbs on excessive food commodity speculation and prevent US over-the-counter traders moving to ‘light touch Europe’.

Paul Polman: Biofuel subsidy regime has spectacularly backfired

Unilever boss Paul Polman used his time on the podium at last night's City Food Lecture in London to unveil a radical new manifesto to improve food security and launch...

Weekly comment

CAP reform circus re-opens - but this time it’s serious

Roll up, roll up, the Great CAP Reform Circus is back in town. Missing those long arguments about the future of farm support? Hungry for more debate about how best...

Bumpy ride ahead for grain, oilseed and protein, says Rabobank

Volatility in crucial food commodity markets, primarily due to shifts in the BRIC economies, are currently underappreciated in the market place, warns a new report from Rabobank Food and Agribusiness...

Trade factors are major trigger of food prices hikes, says IFPRI

Trade-related factors may have played a greater role in the food price crisis of 2008 than previously thought, according to a new analysis of data on rice, wheat, maize and...

City: Mass factory closures unlikely in Greencore - Northern Foods merger

While the proposed merger of Northern Foods and Greencore will inevitably mean job losses at both companies, it is unlikely to result in scores of factory closures, City analysts have...

Sucralose sales up as Tate & Lyle’s speciality ingredients show ‘solid demand’

Sales of Tate & Lyle’s speciality food ingredients were solid in H1 of 2010, claimed the firm in its half-year trading update, where sales of speciality sweeteners such as sucralose...

Galam increases fructose prices

Israeli ingredients firm Galam is increasing prices for its crystalline fructose product on the back of rising raw material and energy costs.

Non-EU sales could drive UK food exports to record levels

UK exports of food and non-alcoholic drinks could reach record levels this year thanks to strong deliveries to non EU destinations, according to the Food and Drink Federation (FDF).

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