FMC tipped to make hydrocolloid acquisition
FMC Corporation is looking to expand its food ingredients portfolio as it strengthens its already strong position in the hydrocolloids market.
Archives for August 3, 2011
Kraft Foods to split into two separate companies
Kraft Foods has said it intends to split into two companies, in a move that would create a global snacks powerhouse separate from its North American grocery business.
Melatonin brownie maker: ‘We’ll sell them as supplements’
The maker of the melatonin-laced ‘relaxation’ brownies at the center of a debate over where a dietary supplement ends and a food begins says it will make “all necessary changes to market and sell the product as a supplement”.
Agro groups: Derailing GM fish review would dent FDA’s credibility
More than 30 agricultural organizations have signed a letter to Congressional leaders urging them to allow the Food and Drug Administration (FDA) to complete its review of the world’s first genetically engineered fish for human consumption.
Analyst: Sugar should level off and don't expect dramatic drop in cocoa prices
There will be no dramatic drop in cocoa prices in the coming months as forecast by numerous speculators hoping to cash in on a downward trend, reports a cocoa market specialist.
Givaudan profits slump despite flavours growth
Flavour and fragrance firm Givaudan’s first half net profits crashed by 40 per cent as raw material costs and record currency rates take their toll on the Swiss company, despite good local growth in its flavours businesses.
Unilever: “Strength of brands” combats price hikes as H1 profits rise
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.
Shift change in habits of young UK drinkers, finds Mintel
UK market researchers Mintel report a shift in young people’s drinking habits with a trend towards greater ‘in the home’ consumption, while analysts also note an increasing preference for premium alcohol brands overall.
Cargill recalls 36m pounds of ground turkey on salmonella fears
Cargill Value Added Meats Retail has initiated a voluntary recall of about 36 million pounds of ground turkey products because of possible salmonella contamination, although there is still no conclusive evidence of the outbreak source, the company has said.
New Zealand joins Australia in OK’ing milk pricing behaviour
The New Zealand Commerce Commission says there are no grounds for an investigation of wholesale and retail milk pricing practices in the New Zealand market that is 90% dominated by Fonterra.