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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.

Nestlé departs UK for Poland taking 300 Blue Riband jobs

Nestlé is to move production of its Blue Riband chocolate brand from the UK to Poland with a loss of around 300 jobs.

Our own cocoa buying company in Ghana cuts out middlemen to benefit farmers, says Cargill

Cargill says its recently established licensed buying company (LBC) in Ghana helps cocoa farmers avoid being paid through a third party.

UK confectionery prices fall slightly despite Brexit

Supermarket price wars have forced UK confectionery down in spite of the Brexit vote, says market intelligence firm IRI.

Soaring packaged food sales gives industry three healthier options: Euromonitor

In some European countries, calorie intake from packaged food is four times greater than for fresh - a golden opportunity for industry to make processed food healthier in one of...

DuPont to acquire FMC’s health and nutrition business in billion dollar food-crop swap

DuPont will acquire FMC’s health and nutrition business and divest part of its crop chemical business in what it says is “a meaningful step forward” for the proposed DuPont and...

Scotland and Wales launch plans to help food sector weather 'uncertain times'

Scotland and Wales have launched ambitious new plans to help power their food industries through the years of uncertainty that are expected now the UK has begun the process of...

Cocoa price for Ivorian farmers may drop 30% amid widespread poverty

Ivorian regulator Conseil Café Cacao (CCC) says it may lower guaranteed farm gate prices for cocoa in the primary growing nation. 

Is the era of cheap food over? Food Ethics Council says not just yet

The Food Ethics Council met in January to discuss climate change, obesity, food security, people and animal welfare, and new technologies.

Unilever wants stronger UK protection from foreign takeovers

Anglo-Dutch giant Unilever has called on the UK government to revisit the country's rules on takeovers and acquisitions to protect ‘national champions’ against foreign takeovers.

FOOD VISION 2017

Seamore is campaigning for seaweed to be on everyone’s everyday menu

We caught up with ‘seaweirdo’ and founder of Seamore, Willem Sodderland, at Food Vision 2017 to speak about sustainable packaging, seaweed stigma and high prices for healthy foods.

FDF sends urgent requests to UK government as confidence in the industry falls by almost half

British businesses are almost half as confident about the British business environment as they were last year, a survey has shown. The UK’s Food and Drink Federation has appealed the...

US deal will flood UK market with food people don’t want, warns respected academic

A trade deal with the US will give “the majority of the UK public food they don’t want” as well as open “a very new can of worms” in terms of food fraud, according to...

Kraft Heinz drops Unilever bid but are other UK firms 'sitting ducks' for post-Brexit takeovers?

Unilever shares have plummeted as Kraft Heinz drops its multi-billion dollar merger bid -  but with the sterling weakened by Brexit, smaller firms are "sitting ducks" for foreign takeovers, UK politicians...

BREAKING NEWS

Unilever rejects $143bn Kraft-Heinz mega-merger bid

Dutch-Anglo food giant Unilever has rejected a $143bn (€134bn) merger proposal from US company Kraft Heinz as being too low.

Romanian & Hungarian local food laws breach EU single market : Commission

Romania and Hungary's laws on promoting domestic food over imports are in breach of EU law, according to the Commission which has launched infringement proceedings against both countries.

Coca-Cola HBC reports good growth led by Nigeria and Romania

Coca-Cola Hellenic Bottling Company (HBC), a bottler of The Coca-Cola Company, has reported its financial results for the full year ended 31, December 2016.

EU Parliament passes CETA trade deal

MEPs have voted in favour of the Comprehensive Economic and Trade Agreement (CETA) between the EU and Canada in Strasbourg today with 408 votes in favour and 254 against.

Final push: Commission promotes CETA ahead of vote

As EU politicians prepare to vote on the Comprehensive Economic and Trade Agreement (CETA) with Canada this week, the Commission has launched an interactive guide to show Europeans how it would...

Instagram could be fuelling food waste epidemic, study says

Millennials’ 'live to eat' mentality could be one of the reasons why household food waste is higher than ever, according to a survey commissioned by UK supermarket Sainsbury’s, yet the report...

Brexit will be sweet for cane and beet, says British sugar industry

Brexit’s impact on the food industry remains speculation, but one British market feels the outcome of the UK’s impending departure will be sweet: the sugar industry.

A ‘sustainable food pact’ between industry and government is the only way to save UK farms: Green Alliance

Efforts to drive food prices down and increase production have resulted in major degradation of UK farmlands, and Brexit may be a golden opportunity to restore health to British agriculture...

Food insecurity may hinder children’s mental and physical development: Review

Unreliable access to affordable, nutritious food has a significant bearing on a child's behaviour, academic performance and emotional well-being, a review has determined.

Could Brexit trigger a race to the bottom for Britain's food safety & quality?

As the UK government's white paper on Brexit calls for "frictionless trade", the National Farmers' Union has spoken out in favour of a level playing field with new trade partners,...

Smarter than a sweetener? Flavour modifier matches sugar's mouthfeel & sweetness

OmegaSweet is a natural, flavour-modifying ingredient that not only replaces sugar's sweetness but mimics its mouthfeel in beverages - a smarter way to reduce sugar ahead of the UK's sugar tax, says the...

Playing with portions and price: Manufacturers need to 'downsize smartly', says researcher

For consumers, higher prices are fair game but smaller portions are not, says one food marketing researcher who is urging manufacturers to downsize smartly: "Some food companies act as if they...

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