Associated British Foods (ABF) is on track to deliver strong, full-year growth, however, high raw material costs in a competitive environment has seen the group struggle against stronger, more aggressive players in the ingredients market.
Associated British Foods looks to be dealing well with the economic downturn, especially in its ingredients division which, with the bulk of its business outside the UK, has benefited from the weak pound.
Finnish feed, food and ingredients giant Raisio Group has reported
a return to the black and increased turnover in a year of change
that saw it gain greater control over its activities - particularly
in its ingredients division.
International food giant Mitsui has signed an exclusive
distribution agreement with a Chinese apple and pear concentrate
processor, the next step in a move designed to strengthen its newly
created ingredients division.