Sugar prices to fall for 2012 amid volatility - Rabobank
Sugar prices for the coming year are forecast to fall by 12% as the market records a surplus for the first time in three years, according to financial service provider Rabobank.
Archives for December 6, 2011
Tax food makers' caloric sweetener use to reduce consumption, study suggests
Taxing food manufacturers on caloric sweeteners added to foods would be more effective for reducing their consumption than taxing finished sugary foods and drinks, according to new research published in Contemporary Economic Policy.
Wild launches natural exotic fruit flavours
Ingredients firm Wild has launched a range of exotic fruit flavours for jelly gums as it claims there is potential for firms to offer products that are distinct from competitors.
Elevated cadmium levels found in Nestle baby food
A Nestle-brand baby food is being withdrawn from stores after elevated levels of potentially harmful heavy metal cadmium was found after tests.
US rice arsenic level regulations ‘imperative’ - report
Researchers have called on US food safety authorities to regulate arsenic levels in rice, following a report on the risk associated with the contaminant.
US tea market growth to continue, predicts Packaged Facts
The US market for tea has surged 22% in the past five years, reaching more than $6.5bn in 2011, according to a new report from Packaged Facts.
Greencore talks with bidder fail; but sandwich maker poised for 'future growth'
Greencore has ended talks with an anonymous bidder for the food group with the Irish firm citing the financial crisis as the reason for the deal to have fallen through.
Thai food giant in deal with Sri Lankan food major
Thailand food company S. Khonkaen Foods Plc has signed a deal with Sri Lanka-based Keells Food Products Plc to distribute food products on the island, with further expansion plans mooted.
China’s Bright Food makes biggest acquisition with Australian food player
Bright Food Group has finalised its A$530m acquisition of a 75% equity stake in Australia’s Manassen Foods and opened an office in Sydney, marking the biggest overseas procurement for the Chinese food giant since its establishment in 2006.
Additive-free formulation stays top of National Starch agenda
National Starch continues to innovate along clean label lines, with the launch of new pulping agents at FIE for cost savings in pasta sauces or fillings.
Kraft’s snacks spin-off targets Asia and Latin America as Rosenfeld appointed head
Developing markets are to make up almost half of revenues for Kraft’s global snacks business as the spin-off business announces Irene Rosenfeld as its head.
John Wanvig becomes new CEEREAL president
The European Breakfast Cereal Association (CEEREAL) has appointed its former vice-president John Wanvig as its new head.
Report urges industry to stay ahead of nanotech regulation
Food companies should aim to stay ahead of regulation to ensure the safety of foods that use nanotechnology, urges a new report from As You Sow, a non-profit organization that aims to increase corporate accountability.
Industry and governments blast US plans to ban non-0157 E.coli
US plans to adopt a zero-tolerance approach to six new strains of E.coli have come under fire from industry bodies at home and governments abroad.
Use of nano-materials in foods must be openly debated, warn experts
The use – and regulation – of engineered nano-materials in foods must be openly debated in public, otherwise they risk facing the same fate as genetically modified (GM) foods in consumer perceptions, according to a leading group of UK experts.
India to push production of milk, eggs, meat and fish
The Indian government is considering boosting production of protein-rich food such as meat, fish, eggs and milk in a bid to curb inflation – with the prime minister involved in discussions.
Fenchem Malaysian business booming
Chinese ingredients company Fenchem Biotek Ltd’s Malaysian operations now account for 10% of its entire business.