ADM financial results weakened
Shares in Archer Daniels Midland (ADM) fell by 6 per cent yesterday
after the US grain processor's quarterly earnings fell short of
Kiwi dairy invests in Australia
New Zealand's second largest dairy processing company Kiwi Cooperative
Dairies Ltd said...
Irish food industry in FMD shadow
Irish food companies stand to lose IR£45m (Euro57m) within a week,
in the event of a foot and mouth outbreak in the republic,
according to figures released...
Beef crisis hits McDonalds sales
US fast food giant McDonald's warned on Thursday that fears over
the safety of European beef, which dragged first quarter profit
down 16 per cent, would...
Wessanen goes ahead with dairy sale
Further to the divestment of its dairy activities Koninklijke
Wessanen nv, the international food group, announced on Thursday
that its US dairy companies,...
Food companies headstart in functional foods
Food companies are using their marketing muscle to take an early
lead over drug makers in the battle to sell "functional
food" to health-conscious...
Hungarian workers protest over Danone plans
Protests in France over planned closures announced recently by
French food manufacturer Danone are being repeated in Hungary. A
public campaign is...
ABF reveals strong performance
Associated British Foods, the UK food, ingredients and retail
group, announced strong interim results on Wednesday.
ABF reported a 12 per cent...
Blair criticised over food safety
Tony Blair is losing the battle to reassure voters about British
produce,according to a new poll which reveals that three-quarters
of the nation no longer...
Bols purchase boosts Remy results
Remy Cointreau, the French spirits group, reported on Thursday a
rise of 8.1 per cent in its revenues for its 2001 fiscal year,
helped by the purchase...
Eridania Sugar to take the brunt of debt
"Each independent company will keep its position as leaders in
their market,"commented Stefano Meloni, president of Italian-French
group Eridania Beghin-Say,...
Roquette acquires LG sorbitol activity
Roquette, a leader of Sorbitol and related Polyols announced this
week the purchase of the sorbitol units of the Korean Group
Diageo Guinness faces strikes
Diageo PLC's Guinness brewing operation is facing strike action
over plans to close down a packaging plant in Ireland, said the
CP Kelco sues Monsanto unit
CP Kelco ApS, a newly created food-gums company, has sued Pharmacia
& Upjohn Inc, alleging its Monsanto Co unit provided
misinformation in order to complete...
GMO worry affects Thai sales
A severe business backlash and the loss of hundreds of million baht
in revenue are quickly emerging as Thai consumers voice concern
over genetically modified...
Dutch food group tastes Italian confectionery
CSM, the Dutch foods and biotechnology group, is to take over
Italian confectionery maker Socalbe for 132m euros. The new
acquisition will generate...
French farmers wary of CAP changes
The Fédération Nationale des d'Expliotants Agricoles (FNSEA), a
French agricultural trade union organisation, expressed its hostile
position towards any...
Soy alliance formed
US consulting firm Arthur D. Little, Inc., and Soyatech, Inc., a
publishing and market research firm...
SKW and Degussa complete merger
SKW Trostberg and Degussa-Hüls announced this week the completion
of their merger to form Degussa AG. Twenty-one global business
units are gathered...
China number one fruit and veg producer
China has become the number one vegetable and fruit producer in the
world today, producing 13.3 per cent of the fruit and 65.7 per cent
of the vegetables...
Danone is "sacrificial lamb" in globalisation fight
The chairman of French foods group Danone decried the outcry
over planned layoffs at his company, saying...
Milk deregulation benefits Australian consumer
Six months after the deregulation of Australia's dairy industry,
milk prices have fallen by as much as 40 cents a litre with the
likelihood of further...
Acquisition in the French poultry industry
LDC, the French poultry specialist has just acquired 85 percent of
its competitor Guillot-Cobreda and is still negotiating to buy the
Soft drinks rise in Korea
Sales of soft drinks in Korea are expected to rise to 1.1 trillion
won (US$ 821 million) in 2001, a 6 per cent growth from over 1
trillion won (US$ 747...
Japanese processor reports loss
Japanese food processor Marudai Food Co. said this week that it is
likely to record a group net loss of 20.7 billion yen (US$ 165.8
million) for the 2000...
Seaweed conference to push processing
The 2nd Mindanao Seaweed Congress, to be held in the Philippines
April 25-26, will aim at expanding the region's seaweed sector
beyond simple production...
Giant mill merger
A giant European mill is due to emerge in the next few days. To be
called Intermill Paris, the new French and European company, will
be an alliance between les Grands Moulins de Paris, Euromill and
Billion pound profit for Tesco
UK supermarket chain Tesco is set to confirm its position as one of
the UK's most profitable retailers when it unveils its results on
Tuesday, the Financial...
Boycott discussed over Danone's restructuring
The Danone Group - a major player...
Ahold sells tea and wine activities
Dutch supermarkets group Koninklijke Ahold NV announced on Friday
that it is to sell the tea and wine activities of its unit Marvelo,
NZ government to decide on dairy merger
The New Zealand government is likely to approve the mega-merger
between the major forces in the dairy industry and give it the
necessary exemption from...
Danisco sells flexible packaging
Danish sugar, food ingredients and packaging group Danisco
announced this week that is is to sell its flexible packaging unit
to a new joint venture led...
Danone denied funding
French dairy and biscuits Groupe Danone said it has halted
construction of a global research center in Palaiseau, near Paris,
after the Ile-de-France...
Consumers urge ban on Starlink
Consumer and environmental groups around the globe have urged US
President Bush to stop all exports of U.S. corn and food aid that
may be contaminated...
Vlasic prefers Hicks offer
Hicks, Muse, Tate and Furst, the buy-out firm, beat HJ Heinz's
offer for parts of bankrupt US food group Vlasic, by agreeing a
deal to buy all of Vlasic's...
Food Association reacts to FDA
Commenting on a report by the U.S. Food and Drug Administration on
food industry practices related to allergens in food products, (see
Wessanen reinforces wellness position
Dutch-based natural food distributor and marketer Koninklijke
Wessanen announced this week an expected agreement to buy a 41 per
cent stake in Dutch company...
ADM takes over cocoa assests
U.S. agrifood giant Archer Daniels Midland Co. this week took
control of the cocoa assets of Sifca, Ivory Coast's last big
locally controlled commodities...
Nestlé probiotic drink to go
Nestlé has pulled its probiotic LC1 Go! live yoghurt drink from the
supermarket shelves less than three years after it was launched
with a £2m TV ad campaign,...
EU clears Campbell purchase
The European Commission this week cleared the acquisition of
Unilever's European Culinary Brands Businesses (ECBB) by US group
Campbell Soup Co. The sale...
Measures relax for France
The European Commission on Tuesday confirmed that measures imposed
on France over foot-and-mouth disease would be relaxed and the sale
and export of non-treated...
Slack labelling from US food manufacturers
Despite labelling regulations as many as 25 per cent of
manufacturers failed to list common ingredients that can cause
potentially fatal allergic reactions,...
Fosters shares climb
Shares in Australian beer and wine company Foster's Brewing Group
rose to a new all-time high on Monday, IndustrySearch reports. The
report claims that...
Sports nutrition market soars
The burgeoning sports nutrition market continues to gain pace, so
reveals market research company Frost & Sullivan in a recent
Single malt meets liqueur
Glenmorangie, the last independent distiller of single malt Scotch
whiskies, on Monday took on the production and bottling of
Drambuie, the liqueur made...
Four meals a day for the US consumer
Americans eat an average of four meals a day, according to a recent
survey by market research company Mintel Consumer
Tyson shares nosedive
Shares in US red meat packer IBP fell sharply on Friday following
the decision by chicken producer Tyson...
Unilever considers closing operations in Sri Lanka
Consumer products giant, Unilever NV, is considering an end to its
64 year old production operations in Sri Lanka as rising costs and
labour action choke...
Danone to cut and close
French dairy and biscuit company Groupe Danone SA, announced on
Thursday plans to shut down six factories and to cut almost 1,200
jobs to trim costs and...
M&S closes European stores
British high street chain Marks and Spencer is to close all its
overseas stores the company announced on Thursday. The company made
the move to halt falling...