Chipping away at heavy debt the Australian ingredients firm Burns
Philp & Co will spin off its US herbs and spices unit - Tones
North American - following 'expressions of interest' for the
division, the company said...
The sixth International Cocoa Agreement in three decades came into
force at the beginning of October, heralding a break from the past
with the exclusion of market regulatory mechanisms - production
quotas, buffer stocks and other...
One year after new rules on organic standards hit the American food
industry one in ten Americans are eating more organic foods,
reports a US trend tracker - but price is still a barrier to new
converts.
Burgeoning private agribusiness Cargill saw net earnings slip in
the first quarter of 2004, but performance remained on track
topping last year's figures by a wisp.
The Benelux operation of Fiske Food Ingredients, a distribution
business belonging to €4bn Dutch industrial chemicals group Univar,
has linked up with starch ingredients company Avebe to distribute
the co-operative's full range...
Building on the one-stop-supplier philosophy, the new kid on the
xanthan gum block Danisco has made inroads into the market this
week, linking up with one of the largest xanthan gum suppliers in
China, the Henan Tianguan group.
Ongoing rumours that the Irish food and ingredients company Kerry
Group had bought up a US fruit flavour operation were at last
confirmed with the ambitious food ingredients business broadcasting
that it has purchased US-based Da...
As US International Flavours and Fragrances and Swiss company
Givaudan continue to fight it out for the number one global
flavours and fragrance spot, the Swiss supplier reports stable but
far from dazzling 3 per cent sales growth...
Controversial new rules in the US on the labelling of trans fatty
acids (TFAs) on food products continue to meet with opposition from
food manufacturers. On Thursday the National Food Processors
Association - the industry body - voiced...
Two years after the company went public, $20 billion US oilseed
giant Bunge declares a regular quarterly cash dividend of $0.11 per
share following swiftly on from strong second quarter earnings
announced in July this year.
The new owner of Opta Food Ingredients is to sell the company's
45,000 square feet headquarters at a price of $4.85 million, said
Canadian company Stake technology this week.
Steady but unsensational growth is earmarked for soy products in
the US with market analysts predicting a 5.4 per cent rise year on
year to $8.6 billion (€7.3bn) in 2007. But demand for industrial
applications are poised for a surge...
Fresh from acquiring starch derivatives company Cerestar,
privately-held US company Cargill throws another European
ingredients company into its shopping trolley with the purchase of
French cocoa and chocolate ingredients company...
US spice giant McCormick & company posted an improved set of
figures for the third quarter boosted by strong sales, acquisitions
and better distribution.
Americans' knowledge of genetically modified foods remains low and
their opinions about its safety are just as divided as they were
two years ago, according to a new survey released last week by the
Pew Initiative on Food and...
After a heated tug of war with the board, the man who last year
took speciality chemicals company ISP private has abandoned efforts
to gain control of US chemicals company Hercules.
Danish food ingredients group Danisco has denied rumours
circulating in the local press that it is in talks to sell its
stake in US biotech company Genencor.
Innovation courses through the food and drink industry as
businesses continue to strive for oneupmanship in an increasingly
competitive market. As different sectors seek to satisfy key
consumer needs - 'beauty from within'...
Two years ago to the day terrorist attacks in the United States
struck a nation, leaving the country shocked, angry and vulnerable.
As the country continues to recover, national security remains very
much a top priority, in particular...
"We have fundamentally reformed our farm policy," and with
these words Dr. Franz Fischler, European Commissioner for
Agriculture kicked-off his first speech at the WTO ministerial
conference in Cancun, Mexico that opened...
Pioneering Belgian ingredients supplier Orafti Active Food
Ingredients is the first, and only, producer of inulin and
oligofructose to get the GMP stamp of approval from the American
Institute of Baking.
As the industry turns to new income sources, dairy companies are
fast turning whey into value-added food ingredients for the food,
dietary supplements and nutraceutical industry, claims a new
report.
Balancing liberalisation with a better deal for developing
countries must be a priority for the World Trade Organisation as
figures from a new report released yesterday show that
protectionism and subsidies by industrialised nations...
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 department of agriculture sugar-market economist John Love has
predicted that producer prices for sugar for 2002/03 will be 5 per
cent higher than last year's.
Continuing uncertainty and senior management turmoil at cranberry
supplier Ocean Spray has led Moody's to downgrade the firm's
short-term and preferred stock ratings, with further downgrade
possible in the near future.
A new organic programme in the US has lifted sales of organic food
and drink while western Europe saw growth slowing down on 2002
figures. New report predicts drop in growth for industrialised
world, but acceleration in developing...
One century on and millions of ice cream tubs later the US 'food
police' are out in force calling on ice cream retailers to tell the
full story about saturated fat and calorific content.
The volatile vanilla market has seen food manufacturers turning to
synthetic substitutes as prices per kilo soar from double to treble
figures in recent years. Danish ingredients giant Danisco - a
leading extractor of vanilla in the...
US firm Technology Flavors & Fragrances continues to falter in
2003 with a 70 per cent decrease in net income for the second
quarter, a decrease in net sales of 5.7 per cent and rising
operating costs.
The World Health Organisation continues on its mission to reduce
global obesity, hosting further meetings with food manufacturers
from around the world to discuss the role the trade can play in
tackling the problem.
The €435 billion US food industry has welcomed a move by the Bush
administration to inject more cash into food security. "Both
Secretary Thompson and FDA Commissioner McClellan emphasised that
the focus of this new food security...
Agribusiness giant ADM will dissolve a joint venture with US corn
sweetener company after the two companies stuck an agreement under
the auspices of a federal judge, reports the Washington
Post.
Cargill and Riceland Foods have announced their intention to link
up to manufacture, market and sell lecithin products to food,
pharmaceutical, and technical customers.
Crowds of food industry professionals will start pouring through
the doors of Chicago's McCormick Place South building this weekend
for the opening of the IFT Annual Meeting + FOOD EXPO. This year's
event - opened by Health...
Food safety is making international headlines as the United States
and the European Union continue to take dramatically different
positions over this contentious issue. A food policy think-tank
raises concerns that these transatlantic...
US spice maker McCormick & Company saw profits in the
second-quarter climb 19 per cent, helped by solid sales growth and
interest income from a purchase-price adjustment.
The innovative world of flavours is experiencing more rapid growth
than the overall food industry, giving fresh momentum to the
essential oils and oleoresins market, confirms a new study from
Frost & Sullivan.
Quite a week for nutritional oils supplier Martek Biosciences. In
the past seven days, the European Commission gave the green light
for the use of DHA/ARA in novel foods, paving the way for a range
of foodstuffs fortified with these...
US consumers can soon expect to see juices fortified with the
natural ingredient lutein on the supermarket shelves following an
agreement between ingredients company Kemin Foods and the Hain
Celestial group, the US natural foods company.
In a bid to encourage a closer collaboration between citrus growers
and juice manufacturing customers, Cargill Citro Pure - a joint
venture between Cargill Citro-America, a subsidiary of agri-giant
Cargill, and 83 partners - has formed...
Just a few months old, the recently formed alliance between US
agribusiness giant Bunge and DuPont Protein Technologies - Solae -
has already filed a complaint with a court in the US claiming that
the companies Archer Daniels Midland...
Japanese soy sauce giant Kikkoman is to forge ahead with plans to
expand in the US with the announcement this week that it has
earmarked $100-million (approx. €86m) for the expansion of its
plant in Walworth County in Wisconsin.
With coffee prices at a 30-year all time low, the International
Coffee Organisation and World Bank ended their round table last
week with a call to rich countries to share the burden of the
present coffee crisis.
Once positioned as a breakfast or after dinner treat, yoghurt is
now widely viewed as an all day snack. Product innovation - both in
packaging and content - have driven dramatic growth in the sector.
