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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.

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...

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...

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