Drinks giant Coca-Cola is feeling the squeeze of higher corn
prices, but the impact on its soda formulations - largely sweetened
with high fructose corn syrup in the US - remains unclear.
Corn Products International has reported "record" sales for
2006, closing its 100th anniversary year with what it had forecast
to be its "best year ever" .
Corn Products International has again reported strong growth, with
its third quarter results reflecting a continued good performance
from its North American business.
The US and Mexico have concluded an agreement under which access
will be granted for US high fructose corn syrup exports to Mexico,
a move that begins to address the decade long dispute between the
two countries.
Just a month after the reformulation of its flagship 7Up drink,
Cadbury Schweppes is set to face a lawsuit that accuses the firm of
deceptively advertising the product as 'natural'.
Leading kefir company Lifeway Foods has announced that its entire
range of low fat kefir flavors will be sweetened with organic cane
juice as a healthier alternative to high fructose corn syrup
(HFCS).
The Corn Refiners Association has claimed that a recent study
linking fructose in soft drinks with added body fat
"mischaracterizes high fructose corn syrup".
Annual pre-tax profit falls for UK sweetener and starch group Tate
& Lyle as higher costs and a one off lawsuit charge eat into
turnover for the year, reports Lindsey Partos.
We reported on Wednesday that sales of the sweetener neotame had
increased four-fold during the last 12 months. Philippa Nuttall
spoke to NutraSweet's CEO to find out the reasons for this success.
Major food commodity processor and ingredients supplier Archer
Daniels Midland (ADM) will expand cocoa operations in Brazil to
match expansion of current product lines, the firm said this week.
Health promoting compounds found in honey could make this
ingredient a more attractive option for food makers currently using
bulk sweeteners such as high-fructose corn syrup, say scientists in
the US, and looking to jump on board...
Health-promoting compounds found in honey could make this
ingredient a more attractive option for food makers currently using
bulk sweeteners such as high-fructose corn syrup and looking to
jump on board the growing health foods trend,...
As demand for soybean oil in food formulations keeps on rising US
agri giant Cargill has opened opens its sixth processing plant in
Brazil. But at the same time, the €1.04bn private firm said poor
returns on its High Fructose Corn...
US ingredients giant ADM saw double-digit sales growth for the year
but overall profits were dragged down by a recent payout of
millions of dollars to leading food and beverage manufacturers to
settle a lawsuit linked to the popular...
Ending a long running lawsuit the US unit of UK starch and sugar
group Tate & Lyle will pay out £55 million (€89m) to settle an
anti-trust lawsuit on high fructose corn syrup, a popular sweetener
used by soft drinks giant Coca-Cola...
Welcomed by sweetener suppliers, scientists at the world's biggest
food ingredients exhibition claim this week that there is no
credible evidence to 'single out' the common sweetener high
fructose corn syrup (HFCS)...
After months of unsuccessful talks, the US yesterday successfully
secured a World Trade Organisation panel to investigate its claim
that the Mexican 'discretionary tax' introduced for corn sweeteners
such as high fructose...
UK ingredients maker Tate & Lyle faces paying out a hefty sum
as the sweetener firm seeks to settle a US lawsuit alleging that
its US unit AE Staley played a role in fixing the price of high
fructose corn syrup, a sweetener used...
The bakery sector is keeping up the pace as the fastest growing
market in food enzymes in the US, although recent controversy over
genetically modified organisms is set to eat into market growth as
food makers think twice before investing...
Ingredients supplier Archer Daniels Midland (ADM) said on Thursday
that it had reached a $400 million (€333m) settlement in an
anti-trust case that claimed the US firm conspired to fix the price
of the food sweetener high fructose...
Food manufacturers are in the firing line again with scientists
suggesting corn syrup and other refined foods could be the cause of
the obesity epidemic and the rising rate of type 2 diabetes. The
food industry immediately reacts,...
An increase in sales volumes, favourable currency conversions and
improved pricing helped the US maker of syrups for soft drinks,
Corn Products International, offset the rising price of corn in the
first quarter. But as global corn...
US agribusiness beat off tougher market conditions to post a 68 per
cent rise in revenues on the back of higher sales and improved
performance across the board.
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 better price-product
mix as key factors responsible...
First half profits for UK sugar and sweeteners group Tate &
Lyle slipped as US figures hit the bottom line but improved results
from European operations helped add sparkle to a generally
lacklustre performance.
Agribusiness giant Archer Daniels Midland yesterday announced it
will increase its liquid sorbitol capacity at its Decatur plant in
the US by 60 per cent by the end of 2003 in order to meet increased
demand.
US-based ADM Specialty Ingredients is restructuring its sales and
marketing organisation "to better serve customer needs for
comprehensive and innovative food ingredients".
In the US this week the Seventh Circuit Court of Appeals reinstated
a seven-year-old civil lawsuit that alleges Archer Daniels Midland
and its rivals rigged what is today a $2.4 billion (€2.5bn) market
for the corn sweetener high-fructose...
Agribusiness processing giant Archer Daniels Midland Co.'s
prospects have brightened as the outlook for its mainstay soybean
products and high-fructose corn syrup improves amid favourable
commodity trends, analysts said.