Solae has said that ingredients companies will have to continue
their efforts to pass on rising input costs through 2008, but the
relatively lower increases in soy costs compared to other proteins
could provide a business opportunity.
Higher prices for eggs - both real ones and those made from
chocolate - are unlikely to deter US shoppers from celebrating
Easter as they always have done, according to research from
Nielsen.
Food price hikes will continue and spread in 2008, remaining a key
issue for European retailers as they will find it hard to pass on
prices, according to a new report by Standard & Poor's.
Consumers look likely to bear the brunt of further hikes in milk
prices, as Glanbia consumer foods boss Colin Gordon warns that his
company can carry raw material costs no longer.
Caravan Ingredients has announced price increases across its
product range, becoming the latest in a string of ingredients
makers to pass on increased costs to customers.
DSM has become the latest citric acid producer to announce a price
increase, at a time when industry fears a shortage of Western-made
material unless costs can be passed on.
FMC Biopolymer is the latest ingredients firm to announce further
price increases, with the firm saying it continues to be unable to
absorb the full impact of higher production costs.
Rising costs and shrinking supply of sugar molasses are driving up
the cost of yeast extract production, says Bio Springer, which is
today announcing a double digit price increase for its extracts as
of next year.
Prices for food and drink have risen sharply in the UK over the
last year, in a sign that higher input costs are increasingly being
passed down the supply chain.
Novel Ingredient Services and the Ingredient House are pairing up
to offer food and beverage manufacturers the opportunity
to improve the sourcing of their ingredients while still
reducing costs - an aim that for many could be too...
Input and energy costs for such commodities as wheat, corn, and
barley, will remain high on the list of pressures plant managers
will face over the course of this year, according to a new forecast
report by Standard & Poor's...
Hot weather, the rising cost of raw materials and a poor potato
harvest have contributed to a downturn in the German snack market –
threatening profits for producers balancing mounting costs with
waning demand.
FMC Biopolymer will again increase prices for its food ingredients
on the back of high energy and raw material costs, and the company
says it expects prices to continue rising.
DSM has said that it will not pass on rising costs to end markets
straight away, despite an otherwise excellent Q2 blighted across
the board by yet more increases in raw material and energy prices
stemming from political tensions.
The chairman of Kraft Foods, the world's second biggest food
company, Roger Deromedi, has launched an attack on EU and US trade
barriers that are driving up the price of commodity ingredients
such as sugar and coffee.
Food and beverage firms making premium products will cope best with
the current surge in price of both Chinese and imported sugar, with
higher margins to cover the rise in costs.
Commoditisation and the dominance of price over all other
considerations has driven hydrocolloid prices downwards for the
last 20 years, according to an industry expert.
Tate & Lyle's European food and industrial ingredients division
proposed increase of 10 to 15 per cent on new contracts for certain
products highlights again the impact of rocketing energy prices on
the ingredients market.
National Starch's plan to increase the cost of its European
starches by up to ten per cent reflects growing industry concern
over rocketing energy prices.
Major food grade carrageenan supplier FMC BioPolymer passes
spiralling energy prices onto the market, announcing a price hike
for its pharmaceutical and food brand products by 5 to 10 per cent.
Supply problems in Asia - mostly as a result of the political and
economic fallout of December's devastating tidal wave - have not as
yet hit prices for key herbs and spices imported into Russia,
according to the company Vremea....
A Russian New Year favourite, Abkhazian mandarins, have finally
returned to shop shelves, but they cost twice as much as they used
to, writes Angela Drujinina.
Hungarian food canner Globus has dropped into the red in the third
quarter of 2004, with pressure on prices and the sale of a
production facility contributing to the poor performance. But a
steady move in Hungary towards higher added-value...
The world's number two vitamin maker BASF opened a new production
plant for the chemical citral yesterday, the key building block for
vitamins A and E, as well as the carotenoids beta-carotene and
canthaxanthin.
Lindt & Sprüngli, the Swiss confectionery group, has ended the
first half of 2004 in the black - the first time the company has
completed the first six months of the year in profit. Increased
marketing expenditure - helped by...
Efforts by the Spanish government to counter what it believes are
excessive price increases for a number of fresh products appear to
be paying off, with a sharp fall in price for chicken, seafood,
green beans and lettuce. But other...
The Spanish authorities look set to introduce dual labelling for a
number of non-processed food products in order to provide clear
information to consumers regarding the difference between the farm
gate and retail price - yet another...
The impact of a recent, and ongoing, drought in Australia, will
soon be felt by retailers and the consumer, predicts market analyst
Euromonitor. And there is no let up in sight as El Niño, widely
responsible for the ongoing adverse...
The US online grocery sector will reach a market value of $26.8
billion by 2005, according to a recent survey by market research
company Datamonitor....
