Swiss margarine and bakery fats producer Grüninger AG has developed a new technology to produce palm-free, vegan and vegetarian margarines in which any off-note flavours are effectively taste masked.
Danish supplier Palsgaard has launched a soy-based emulsifier for cakes to meet growing European demand for palm-free foods. But certified sustainable palm oil is still the most environmentally-friendly oil crop, it says.
Swedish-Danish oils and fats giant AarhusKarlshamn (AAK) has acquired Colombian company Fabrica Nacional de Grasas (FANAGRA), which specializes in vegetable oils and fats for the bakery segment.
Rising global demand for vegetable oils has accelerated deforestation, claims a report from the Union of Concerned Scientists (UCS) – but there are deforestation-free alternatives available for businesses.
Finnish food and agriculture firm Lannen Tehtaat has announced that it will combine the operations of its subsidiaries Avena Nordic Grain Oy and Mildola Oy.
Bunge posted a 71 percent increase in full year earnings amounting
to $44bn on the back of strong global demand for its edible oils
and commodity products, a pattern it expects to continue into 2008.
Agricultural and food ingredient firm Bunge has reported solid
growth in its second quarter and half year performance, indicating
that the firm could be getting back on track after a difficult
period.
Agricultural and food ingredient firm Bunge has reported a slump in
net income for its first quarter of almost 80 percent, primarily
due to unrealized mark-to-market losses.
An independent trans fat free cooking oil contest has been launched
in the US, designed to provide unbiased information on the
different zero trans oils currently available on the market.
Edible oils market in the UK undergoes change as Anglo-Dutch
conglomerate Unilever announces plans to divest its seed oils and
cooking fats business to canned fish and meat firm Princes.
Food makers enjoying bearish prices for palm oil used extensively
in food applications could see a rise as Malaysia, the world's
number one producer, builds plans to reduce palm oil production,
writes Lindsey Partos.
Supplies for a range of vegetable oils used extensively by the food
industry are likely to improve for 2004/05 year on stronger yields
for peanuts, soybeans and rapeseed oil.
Supplies for a range of vegetable oils used extensively by the food
industry are likely to improve for 2004/05 year on stronger yields
for peanuts, soybeans and rapeseed oil.
Cargill is to increase its stake in the Romanian edible oils market
with the acquisition of the local company Olpo Podari. And with
another possible acquisition on the cards, the giant US
agribusiness group clearly sees significant...
Squeezed margins from 'fierce competition' have hit profits at
Swedish oils and fats firm Karlshamns, which this week announced
job cuts in the context of a cost saving programme.
Premium Nutrients, a Malaysian producer of oils and fats, is
looking to step up its investment in the EU over the next three to
four years, with a resulting 10 per cent increase in turnover to
around RM56 million in 2005.
Cargill is adding to its growing investment portfolio in Russia
with the announcement that it is to build an edible oil extraction
plant in the Voronezh region, according to regional director Semyon
Khariton.
Russian agribusiness group Aston says it has acquired a controlling
stake in the Millerovo oil extraction plant in the Rostov region,
which, after modernisation, will be used to increase the company's
foothold in the edible oils...
The movement of US agri-giants onto European soil gathers pace with
Bunge, the world's leading oilseed processor, signing a €17.4m deal
on a bankrupt edible oils firm in the emerging market of Poland.
The German town of Frankfurt will look on as 12 000 food and drink
industry professionals hit the exhibition centre to eat up the
latest innovations and visit 1000 exhibitors at the16th edition of
Fi Europe. In the run up to the event,...
Swedish oils and fats company sees profit slip as the weight of
tighter margins, increased competition and a strong Swedish kroner
bears down.The Karlshamns of 2003 has quite evidently been marked
by the loss of one of its largest...
Long term sustainable growth is the key aim for a far-reaching
development process at Swedish fats and oils company Karlshamns,
the company confirmed recently when it announced its first half
results for 2002. An increasingly competitive...
Private agri-giant sells French oils company to joint European
venture following approval from the European Commission. The cash
back will be used to reduce debt.
The world's largest processor of soybeans, US company Bunge, said
on Tuesday that fourth-quarter net income had more than doubled,
reflecting the acquisition of French rival Cereol last year and
healthy growth across all its...
French vegetable oil producer Cereol, recently taken over by the
world's largest oilseed processor Bunge, reported a 7.6 per cent
drop in net sales for the first nine months of 2002, in comparison
to the previous year.
