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News > January 2004

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Mother's diet key to weight gain in later life?

You are what you eat…and also what your mother ate, according to new research in the UK that sheds new light on the obesity issue and the impact a maternal...

Tinned GM sweetcorn to land in EU trolleys?

An end to Europe's unofficial five-year ban on new biotech crops could be imminent as the Commission backs proposals to import a new GM sweetcorn. Ministers in the EU 15...

WHEAT FOCUS: The heat on wheat

There was a time when a widespread wheat shortage spelt inflation, and a global shortage meant global inflation. This year, with stocks at a 30-year low and wheat prices soaring,...

Improved profits from corn syrup supplier

Despite higher raw material prices Corn Products International, a US maker of corn syrups sweeteners, saw profits and sales rise for the year, citing sales in North America and a...

Job cuts continue at IFF

International Flavors and Fragrances (IFF) reports continuing job cuts and a drop in profits for fourth quarter. But stronger flavour sales in North and South America helped offset a weaker...

Kraft pulls out of Hungary

Kraft Foods has said that it will close down its only production facility in Hungary and move production elsewhere. The company has hinted that production of confectionery and coffee could...

Perekryostok supermarket readies for investment

The largest grocery retail chain in Russia, Perekryostok, is set to receive a syndicated loan of $75 million from a group of western banks, the retailer has confirmed.

WHEAT FOCUS: Russian wheat sector turns to international market

Wheat has always been an integral part of Russian agriculture and its food industry. However, a limited domestic market, reduction in Russian livestock and a slow down in the consumption...

Dairy progress relieves margins

Stronger sales in North America and developments in the dairy industry helped beat the impact of dollar-euro currency conversions in the first three months of the year. Weak growth in...

Squeezed margins knock starch supplier

Higher raw material prices, a tighter competitive market place and uncertainty over HFCS contracts in the US sees UK carbohydrates ingredients company Tate & Lyle announcing a disappointing trading update...

UK farmers stand up for CAP

The UK National Farmers Union this week slammed a report from Oxfam on farming and the Common Agricultural Policy (CAP) Reform proposals, branding it as inaccurate and one-sided.

Colruyt beats the rest on price

Colruyt, the Belgian retail group, said its prices were the lowest in the entire retail sector in 2003, beating even the specialist discount chains.

WHEAT FOCUS: Positive future for grains?

Higher world populations and changes in dietary patterns - notably in emerging economies - are leading to a steady increase in food demand which will have a positive impact on...

Exchange rates curb Casino growth

Like its larger compatriot Carrefour, French supermarket group Casino ended 2003 with sales slightly ahead of the previous year but continued to suffer at the hands of adverse currency exchange rates.

Restructuring hits Bon appétit results

Swiss food retailer and foodservice supplier Bon appétit finished the year with a strong December performance but this was not enough to help it overcome the effect of a number...

WHEAT FOCUS: The heat on wheat

There was a time when a widespread wheat shortage spelt inflation, and a global shortage meant global inflation. This year, with stocks at a 30-year low and wheat prices soaring,...

Spice is right for McCormick

Profits in the fourth quarter lept 9 per cent for US spice company McCormick, helped by cost-cuts, new acquisitions and improved supply chain efficiencies.

Loyalty cards: the next generation

Since 1998, the Observatory on Loyalty Cards at the University of Parma in Italy has been monitoring the progress of 40 loyalty card schemes operated by retailers across Europe. In...

CCHBC acquires Croatian water company

Coca-Cola Hellenic Bottling Company has completed the acquisition of the Croatian mineral water Company Gotalka. CCHBC said that the transaction was part of the joint acquisition strategy with The Coca-Cola...

Economy key to Russian dairy equipment suppliers

The Russian dairy market has seen phenomenal growth in recent years, driven largely by the development of Wimm-Bill-Dann and other western dairy companies. France-based dairy equpment supplier Erca-Formseal shares its...

Czech dairy upgrades facilities

Leading Czech dairy producer Madeta, has announced that it will invest CK150 million (€4.6 million) to expand production and modernise its existing plant in Cesky Krumlov, southern Bohemia.

Bulgarian dairies boosted by EU trade

The Bulgarian Ministry of Agriculture has revealed that dairy exports to the EU tripled in 2003 and that in the light of further demand from the EU overall dairy production...

Accession fails to excite Russia

Accession will create changes in food and drink trade further a field than just the European Union. In Russia a number of issues relating to accession are set to make...

High carbs the key to weight loss

Flying in the face of the massively popular low carb Atkins diet, controversy linked to the efficacy of the regime looks set to continue with new evidence suggesting the precise...

Hercules sheds shares in CP Kelco

In a surprise move US chemical company Hercules is to sell its three-year old stake in hydrocolloid leader CP Kelco to emerging CMC player Huber, sparking speculation as to when...

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