US agri-food firm Cargill will consolidate its position in raw
materials - the building blocks for a range of common ingredients
also supplied by the company - with the acquisition of Italian firm
Pagnan.
Food ingredients and syrups manufacturer Corn Products
International said on Tuesday that fourth-quarter profit fell 41
percent as a result of restructuring in Mexico and South America.
Despite an upturn in global wheat, corn and soy production in 2004,
prices for food ingredients sourced from cereal raw materials are
likely to remain under pressure, writes Lindsey Partos.
ICI subsidiary National Starch, which supplies starches to a wide
range of markets including the construction, packaging and textile
industries, has given an identity boost to its food products
division in a bid to gain an edge in...
An improvement in the quality of flour ingredients is the focus of
new research by US government scientists who are taking a closer
look at hundreds of different proteins in the wheat kernels.
Number one dextrose producer Corn Products International will drive
operations forward in Korea, buying up the remaining slice of its
Korean business from Doosan corporation.
Australia and New Zealand consider changes to their food code,
inviting stakeholders to pass comment on a raft of propositions
from food additive approvals to labelling requirements.
Prices for the popular hydrocolloid gum arabic used in a range of
food applications have doubled in 12 months as political turmoil
and poor stocks leave the market exposed, writes Lindsey
Partos.
Global drawdown in cereal stocks, the essence of a raft of
ingredients, may turn the corner this year as a new report from the
UN food agency predicts world cereal production will hit a record
2.04 billion tonnes in 2004, an increase...
Price increases for key raw materials used by the food industry
threaten over the next 12 months as low global stocks remain open
to unexpected disruptions.
Price increases for key raw materials used by the food industry
threaten over the next 12 months as low global stocks remain open
to unexpected disruptions.
Americans' attitudes about genetically modified (GM) foods remain
divided, although their opinions appear not be deeply held and can
be influenced by new information and events, according to a study
released this week, reports...
A third source of GM ingredients could soon be cleared by Europe as
officials meet to discuss to clear approval for a corn designed by
biotech giant Monsanto.
Polar views and mixed messages on genetically modified foodstuffs
continue across the globe. Furthering the debate this week, a new
report contends that GM corn will not threaten indigenous species
in Mexico, opening the way for an...
ADM, the US processor of soybeans, corn, wheat and cocoa for food
that sells extensively to Europe, saw profits in the first quarter
soaring by 77 per cent, fuelled by a drop in oilseed and grain
prices.
ADM, the giant processor of soybeans, corn, wheat and cocoa for use
in foods, saw profits in the first quarter soar by 77 percent,
fuelled by a drop in oilseed and grain prices.
Europe's food watchdog reaffirms the safety of a GM sweetcorn
designed by biotech giant Monsanto on the back of new evidence
submitted by German scientists.
GM starch and corn oil are cleared for use in European food
formulations after Brussels gives the green light on a genetically
modified maize line from US biotech giant Monsanto, reports
Lindsey Partos.
Spearing the growing convenience sector starch specialities firm
Cerestar improves the functionality of its C*PulpTex brand, aiming
to slice away costs for food makers working in the pre-prepared
foods sector.
General Mills is the latest food manufacturer to report a decline
in net profit this year, and again the blame goes on raw material
price hikes and fierce competition in the retail sector writes
Anthony Fletcher.
Australia's food watchdog reassures consumers on the safety of a
genetically modified corn refined for use in a range of food
products after new research sparks rumours.
Despite tough new rules on GM food labels, food makers will stick
to non-GM alternatives as new evidence from the UK shows British
consumers will continue to refuse to buy foods containing biotech
ingredients.
Increased harvests for key food commodities could suggest a
near-term easing up of price pressures for ingredients companies
and food manufacturers but an overall draw-down in global stocks
means prices are still extremely vulnerable,...
Food makers working on the European stage today are matching
consumer concerns over genetically modified organisms, largely
selecting non-GMO ingredients for their food formulations,
highlights a new survey.
Ministers in the EU recently blocked a move by biotech giant
Monsanto to launch a GM corn onto the market but finding a
favourable response in less cynical countries the firm said
yesterday that Argentina had given the green light.
There are signs that rising commodity costs are pinching the length
of the food chain with US cereal product maker General Mills
warning that, despite strong fourth quarter figures, the soaring
costs will have an impact in the near...
Joining the growing ranks of ingredients companies taking root in
China to defend their market position, US starch and sweeteners
firm Corn Products International has linked up with Shandong Juneng
Electric Power Group Golden Corn...
As rising cereal prices continue to squeeze profit margins for food
industry participants, food technologists in the US are working on
teasing out new functionalities from the cheap, easy to grow, and
resilient crop sorghum, reports...
As the buffer zone for global cereal stocks continues to fall and
raw material prices rise, the UN-backed Food and Agriculture
Organisation (FAO) warned this week that cereal stocks will
continue to fall, predicting that although...
French starch supplier Cerestar, a subsidiary of US agri-giant
Cargill, will tackle the stagnant European bakery market rolling
out a new generation of cold water swelling starches targeted at
bakery products with fruit, cream or...
The European Commission has given the nod to Sygenta's Bt11
genetically modified sweetcorn, granting authorisation for it to be
sold within the European Union over the next ten years. Although
the Commission says that the sweetcorn...
The European Union has today relaxed its six-year ban on the
approval of new genetically modified foodstuffs, paving the way for
canned GM sweetcorn to hit the supermarket shelves for the first
time. But will the Commission's...
After months of political wranglings GM sweetcorn could be on the
supermarket shelves by the end of the year with the European
Commission poised to end the five year unofficial ban on
genetically modified foods, writes Lindsey Partos.
Food makers and ingredients firm across the world are currently
affected by the rising world price for basic food commodities. In
each of the last four years world grain production has fallen short
of consumption, forcing a drawdown...
US-based Dow Agro Science has confirmed that its grain corn
containing an insect resistant trait has received regulatory
approval for import into China, reports Simon Pitman.
New sources of GM ingredients are set to enter the European food
supply chain as EU agriculture ministers failed to reach a
qualified majority yesterday on the biotech maize Bt11 and its
entry into the bloc.
A biotech battle will take place in Luxembourg today at a meeting
of EU15 agriculture ministers that could finally mark the end to
the GM ban in Europe, heralding the debut of a raft of GM foods.
The toughest rules on GM labelling in the world entered into force
yesterday in Europe, extending the mandatory labelling to countless
food products in the supermarkets and heralding in an extensive
paper trail for the food industry.
The German company Bayer CropScience has scrapped plans to
cultivate its genetically modified (GM) forage maize variety
Chardon LL in the UK, citing government constraints for making it
'economically non viable', reports...
Favourable news for the pro-GM camp as a team of British scientists
claims that genetically modified (GM) maize is less damaging to
wildlife than conventional varieties. At the same time, leading UK
organisations call on Tony Blair...
Despite the recent EU ruling against its GM Maize crops, Monsanto
has said that it is expecting the continued development of its
seeds and traits business will drive its mid-term growth.
European scientists will meet today to decide the fate of a
genetically modified corn developed by US biotech giant Monsanto. A
positive outcome from the committee would end Europe's five year
ban on GM crops, attacked by a host...
The tide is turning down under with a new poll showing Australians
are increasingly worried about genetically modified foods and the
risk they could pose to human health and the environment.
An end to Europe's unofficial five-year ban on new biotech crops
could be imminent as the Commission backs proposals to import a new
GM sweetcorn. Ministers in the EU 15 have three months to decide on
the fate of the biotech...
Set to fuel the debate on GM foods, a market experiment conducted
in 2000 in Canada found that consumers preferred sweetcorn which
had been engineered to be pest resistant over the conventional
sweet corn variety.
This afternoon food specialists from member states will vote on a
proposal to end Europe's five year moratorium on genetically
modified foods. A deeply-divided issue, the outcome of the vote
will either disappoint or delight.
If nothing else, the opening decade of the 21st century will go
down in the annals of time as the period the world went to war over
GMOs. When it comes to genetically modified organisms, passions run
deep and the path to reconciling...
