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Trends > Food prices

DuPont raises global hydrocolloids prices 10 to 15%

DuPont Nutrition & Health has said it would increase prices globally across its DuPont Danisco hydrocolloids range by an average of 10 to 15%, citing increases in raw material, energy...

Israel dairy import increase unlikely despite duties cut - Rabobank

The influx of Western brands into the Israeli dairy market is unlikely, despite government plans to reduce long-standing import duties on milk-based products, Rabobank has claimed.

Manufacturer price pressures continue as FAO food price index rises

The Food and Agriculture Organization (FAO) food price index rose in September, up 1.4% from its August level, putting further pressure on manufacturers to pass on increased costs.

EP committee votes to curb food commodity trading to tackle price spikes

A European Parliament committee has voted to limit ultra-fast computerised trading on food commodity and energy markets in an effort to curb the kind of speculation that contributed to food...

FrieslandCampina introduces organic milk price to reflect growing demand

FrieslandCampina has proposed the introduction of an independent milk price for organic dairy farmers – in line with growing European demand for organic dairy products.

Dairy Crest profits fall, but full year expectations ‘remain unchanged’

Dairy Crest’s full year financial expectations remain “unchanged”, despite what the firm has described as a challenging first half to the year.

European commissioners backtrack on crop-based biofuel targets

The European Commission has backtracked on biofuels targets, proposing 5% a cap on the amount of fuel that should be produced from food crops to 2020, on concerns that biofuels...

European sugar users welcome debate on sugar reform

The EU Sugar Users Association (CIUS) has welcomed debate on sugar reform scheduled in the European Parliament on Monday, ahead of an EU vote on whether to abolish sugar quotas...

Robert Wiseman promises ‘substantial’ milk price increase

Müller Dairy UK and Müller-owned Robert Wiseman Dairies have promised a “substantial increase” in the price they pay to their dairy farmer suppliers for milk.

Rousselot increases gelatine prices (again) on raw material squeeze

Rousselot has said it intends to increase gelatine prices in the coming quarter due to ongoing shortages of beef bones and pig skin, and extra pressure on the market from...

Swiss consider Emmental production quotas in price boost effort

The Swiss government is considering implementing production quotas across the Emmentaler supply chain, in an effort to keep manufacturers of the iconic cheese and their milk suppliers afloat.

Meat reduction: ‘Recommendations should no longer be based on health effects alone’

Dietary recommendations to cut back on red and processed meat could help the UK government toward its target for reducing greenhouse gas emissions, as well as providing health benefits for...

ABF says it will meet expectations despite £100m charge

Associated British Foods (ABF) has said that its full year results will include a £100m (€125m) impairment charge for its Australian meat business – although it expects second half earnings...

Global food prices stabilise, calming food crisis fears

The global food price index held steady in August, calming fears of a repeat of the 2007-08 food crisis – but governments could still do more to stabilise markets, according...

UK dairy contract code of best practice agreed

UK processor and farmer representatives have settled on a code of best practice relating to milk supply contracts – the latest effort by the British dairy industry to rebuild relations...

Arla increasing UK milk prices in confidence rebuild effort

Arla Foods UK has increased the standard price it pays to dairy farmers for milk and adopted a new, more transparent milk pricing and sourcing model in an effort to “build...

Israeli authorities indict bakeries over price-fixing ‘bread cartel’

Several Israeli bakery chains have been issued with charges by the anti-trust authorities over accusations of collaborative involvement in the price fixing of bread products and anti-competition activities.

FrieslandCampina posts H1 profit increase, cites infant nutrition growth

FrieslandCampina has posted a profits increase for the first six months of 2012, citing growth in infant and toddler nutritional product markets.

Initiative will boost milk pricing transparency – Robert Wiseman Dairies

Robert Wiseman Dairies has launched an initiative with dairy farmers to increase the transparency of how it determines its farm gate milk prices (FGMP).

Russia joining WTO offers food industry opportunities

Russia’s accession to the World Trade Organisation (WTO) today “will open up new opportunities for Europe’s food business”, according to food industry trade body FoodDrinkEurope.

Food price crisis could spread famine

Relentless food price increases threaten to tip many more people into famine, according to global charity Oxfam.

CSM battles costs, but H1 profits still down

CSM clawed back some pre-tax profit losses from higher raw material costs and falling demand in its second financial quarter, but pre-tax profits remain down for the half year (H1).

Upward pressure on UK food prices on horizon

Upward pressure on UK food prices is around the corner, driven by global forces such as rocketing corn prices and the knock-on effect on animal feed, according to Clive Black,...

Cranswick set for strong year ahead

UK meat processor Cranswick would benefit from millions of pounds worth of investment and the potential closure of Vion’s pig processing unit in Scotland in the coming year, according to...

Dairy Crest praised for ‘Churchillian’ milk price cut delay

Dairy Crest has been praised for its “Churchillian” decision to defer its planned raw milk price reduction while it continues talks with protesting farmers.

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