The Coca-Cola Co. plans to raise prices again in 2023 against some retailers’ calls to roll back increases, arguing it has “earned the right to price with the consumers” through enhanced marketing and an agile packaging approach that balances premium...
Mondelez executives see no reason to lower prices or increase promotions for their iconic sweets and snacks despite reported retailer requests that brands across the board do so as some consumers begin pulling back on spending in the face of ongoing inflation.
Christmas dinner with all the trimmings will cost Brits 3% less this year as cheaper vegetables and salmon offset a 12% year-on-year rise in turkey, according to Mintec.
Start-ups have disrupted the food sector, challenging legacy brands and exciting consumers with products that tap into emerging trends. But developing your idea into a winning business is no easy task and for every successful entrepreneur there are many...
Food and drink manufacturers have denied claims made by consumer pressure group Which? that shrinking the pack size of products was a “sneaky way of increasing prices”.
A dysfunctional supply chain is threatening the future of many farms in Scotland, and food manufacturers can help fix it, according to Allan Bowie, president of National Farmers Union Scotland.
Dairy Crest (DC) and Dairy Crest Direct (DCD) have announced their new Davidstow Balancing Contract, while First Milk has simply cut prices for some of its UK farmers.
Tetra Pak has opened its first Customer Innovation Centre in Dubai, with six more around the world to follow by 2017, the company announced last week at Gulfood Manufacturing.
Nestlé says it will remove artificial flavors in confectionery across Europe, but refuses to confirm whether it will implement European price hikes to offset declining confectionery margins.
Chocolate confectionery sales are falling in the UK as consumers move to lower priced products and take advantage of promotions following price hikes, says an analyst at IRI.
Coke-owned Innocent is launching a functional smoothie range in the UK from April centered on soft health claims - three varieties will use 'defense' 'energise' and 'antioxidant' positioning.
Dumex – Danone’s infant nutrition business in Asia – has announced plans to reduce the price of its infant formula products in China by up to 20% in response to an investigation into its and other manufacturers’ pricing practices in the country.
Nestlé-owned Wyeth Nutrition and Danone Dumex are slashing the price of their infant formula products in China in response to the launch of an investigation into their pricing practices and suspected anti-monopoly violations.
Eleven chocolate companies including Nestlé and Kraft have been fined over €60m ($82m) for colluding to raise chocolate prices in Germany, while price fixing investigations continue in the US and Canada.
Russia’s Ministry of Agriculture has unveiled plans to create commodity exchanges for trading the country’s primary agricultural products - meat, milk and sugar.
Irish dairy and ingredients group Kerry has turned in a”solid” first half of 2011 that saw it increase volumes, weather raw material price hikes, and see success in a “go-to-market” functional ingredient strategy as profits jumped 6.1% on 2010 figures.
Food giant Unilever saw net profits grow 10% to €2.235bn in the first half of 2011, with its brand equity allowing it to weather severe raw materials price hikes in some cases.
A continued rise in raw material costs will hit lower first half earnings, says bakery ingredients giant CSM in a trading update, with price hikes not enough to offset the surge.
Nestle will use price increases as a last resort in the face of rising raw material costs, says its CEO, and only after implementing its 4-point strategy based on trend predictions, engaging suppliers, replacing ingredients, and cutting down waste.
Sales of Tate & Lyle’s speciality food ingredients were solid in H1 of 2010, claimed the firm in its half-year trading update, where sales of speciality sweeteners such as sucralose “remained steady”.
Ulrick and Short developed a new wheat-derived functional binder and emulsifier for use in economy sausages and burgers, enabling clean label claims at a lower price point.
Hydrocolloid supplier CP Kelco has announced it is to shutter its
xanthan gum plant in the UK, which has been squeezed by cost
pressures into an unprofitable market.
Hydrocolloid supplier CP Kelco has announced it is to shutter its
xanthan gum plant in the UK, which has been squeezed by cost
pressures into an unprofitable market.
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.
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.
As prices for hazelnuts, two-thirds of which are sourced from
Turkey, slowly start to recover following global shortages,
pistachio production also shows signs of improvement following last
year's frosts.
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.
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 UK arm of the German confectionery group Haribo is to launch a
new product, Maoam Mini's, and introduce a major promotion for fove
of its other major products during the key school holiday period.
Laurent-Perrier Champagne has released a new version of its Grand
Siecle La Cuvee wine in the US, at the same time reducing the price
to around €80 a bottle in a bid to attract greater numbers of
consumers to high quality wines.
