DSM net profit fall
In Q2 2001, DSM reported a profit on ordinary activities after
taxation of Euro 106m, same as Q1 2001. Net earnings per share
amounted to Euro 1.05.
NZ gov disappoints anti-GMO campaigners
Last week Europe announced ground breaking regulations for the use
of genetically modified organisms (GMOs), this week it is the turn
of New Zealand government to tackle this sensitive subject.
Campbell set to give a boost to its brands
On July 27, Campbell Soup's chief executive Doug Conant, cut the
company's dividend and earnings guidance to try to revive its
brands from a sounder financial base.
Altus functional food line hits the US
Altus Foods, a functional foods joint venture between Quaker Oats
and Novartis Consumer Health, has launched a line of foods designed
to lower cholesterol.
Consolidation predicted for Mexican bottled water market
The world's biggest bottled water companies are pouring into Mexico
where notoriously polluted and unhealthy tap water has created one
of the world's most vibrant markets for H2O in bottles.
A barrel of rum for San Miguel
The Philippines' top food and beverage conglomerate, San Miguel
Corp, is currently in talks with the management of Tanduay Holdings
Inc. to buy the rum manufacturer.
China bans Spanish olive oil imports
On July 27, China announced that it is suspending imports of olive
residue oil from Spain following the discovery of benzopyrene in
Record high for US olive oil sales
Olive oil dollar sales in the US for the year 2000 exceeded those
of all other cooking oils.
China has become the world's largest beer manufacturer
China is now the world's largest beer producer, however its output
of barley has dropped and barley's price has risen by a margin of
10 per cent in one year.
New agent to fight wine industry's main disease
A group of New Zealand scientists announced that they have
discovered a biological control agent for botrytis, one of the main
diseases of the international grape growing industry.
Uniq's profits may be lower than last year's
UK food company Uniq Plc reported on July 26 that first-half
profits at its convenience food business were likely to be slightly
below last year, despite a three per cent rise in the unit's sales
in the first quarter.
Femsa reports beer sales weak, profits up
Femsa, the Mexican brewery and bottling group reported that Q2
operating profit rose 3.8 per cent but that its beer division
showed unexpected weakness as domestic sales volumes fell sharply.
Brazil allows GM soybeans
The Brazilian Government has announced it will allow the commercial
production of genetically-modified seeds.
Labels and buying decisions - GMA
The Grocery Manufacturers of America reaffirmed that the food
industry adheres to the US Food and Drug Administration's
"strict rules about how companies can relay information to
consumers about how a product tastes."
Certain fruits may help protect lungs
Researchers in the Netherlands have found that apples, pears and
other fruits rich in certain plant compounds may help protect the
lungs from chronic disease.