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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.

Foreign Trade Association announces name change for 2018

To coincide with its new strategy for the future, the Foreign Trade Association (FTA) announces it will change its corporate name to Amfori in January 2018.

New €7 m project aims to ensure all European aquaculture businesses are sustainable and competitive

A new research project, funded by the European Commission, is hoping to create a more innovative, sustainable and competitive space for aquaculture businesses.

What are the best flours to use in gluten-free bread? Study evaluates contenders

The effects of different flours, including chickpea, chestnut and tiger nut, on gluten-free bread have been examined with results suggesting tiger nut flour could be a winner.

Has Europe experienced a diet revolution? Mintel thinks so

The free-from market has grown considerably in the last few years and data is not showing a slow in interest, according to Mintel.

Cargill and Olam backing in FReSH momentum to address food challenges

The ‘Food Reform for Sustainability and Health’ program is to welcome 10 new members to its ranks as industry support gathers momentum in achieving sustainable change in global food systems.

Rising butter price “causing a panic” among bakers, biscuit, cake and pastry makers

French bakery associations, La Fédération des Entrepreneurs de Boulangerie (FEB) and Les Fabricants de Biscuits et Gâteaux de France, have risen the alarm over the relentless upward drive of the butter...

Cities ‘taking matters into their own hands’ to fix food system, report states

Urban cities are emerging as frontrunners in driving food policy forward, according to a report, taking on a governmental role in finding innovative ways to address today’s global food system...

Appetite for buying British rises as brand values fall

The value of some Britain’s biggest brands have taken a “Brexit beating” that could leave them exposed to potential buyers.

UK food and drink exports post record Q1 growth

Britain’s food and drink exports remain robust thanks to the weaker pound with UK food and drink exports for Q1 2017 valued at £4.9 billion (€5.6 billion), according to the...

Pecan Deluxe hires Chamber International to improve its export efficiency following Brexit

Pecan Deluxe which exports more than 75% of its bespoke cakes, biscuits, sauces and desserts to the EU, has hired overseas trade specialist, Chamber International, to offset any challenges posed...

Cargill's novel process matches cultivated carrageenan functionality with wild

A novel way of processing carrageenan means the cultivated variety matches wild carrageenan for functionality in dairy desserts. It's also cheaper than wild and has a more stable supply, says...

UK food industry faces labour shortfall as Brexit fallout gathers pace

UK food manufacturers faces a shortage in labour skills and manpower fuelled by Brexit and low numbers of young people choosing the sector as a career, say food policy experts.

Firmenich weathers the vanilla supply storm with diversified sourcing

By diversifying its vanilla sourcing to Uganda, Indonesia and India as well as developing alternative natural flavours, flavour giant Firmenich says it is weathering the impact of Madagascan cyclone Enawo.

Dairy Crest looks to innovation as adjusted profit grows

UK company Dairy Crest Group plc has published its preliminary results for the year ending March 31, 2017.

Food & Drink Ireland: ‘Brexit border will add ‘huge costs’ to food’

Food and Drink Ireland says Brexit hard border between Ireland and Northern Ireland would add “huge costs” to food businesses and suggests Sweden and Norway border may be solution.

Very little nanny-state regulation in EU, research suggests

Hungary is the worst “nanny-state” in the EU when it comes to laws relating to food and drink, but new research suggests most countries have so far shunned regulation aimed...

Raisio confectionery sales hit by Poppets delistings

Raisio has reported a decline in first quarter confectionery sales due to a weaker British pound and reduced UK demand for its brands, which include Poppets and Fox's Glacier.

News in brief

Wine and pig meat the highest EU exports for February 2017

EU exports reached €10.7 bn in February 2017, an increase of 1.2% compared to last year, says Commission.

Healthy Profits: Boosting food sales by tailoring the store shopper experience

Small and low cost in-store changes have been shown to increase sales of healthy food, finds a new paper that aims boost sales of produce including fish, fruit and vegetables.

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...

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