EU auditors reject CAP reform proposals
The European Court of Auditors (ECA) has dismissed the Commission’s proposals for a reform of the common agricultural policy (CAP) as “too complex”.
Archives for April 22, 2012
Nestlé’s €9bn Pfizer buy may face anti-trust trouble
Nestlé’s $11.85bn (€9.02bn) acquisition of Pfizer Nutrition may run into anti-trust hurdles after it beat Danone to the drug giant’s global infant nutrition business, according to an analyst.
Oil quality assurance collaboration could boost production efficiency – Cargill
Collaborative research, conducted by food processor Cargill and the American Oil Chemists’ Society (AOCS), has led to the refinement of methods to assure consistent oil quality in food products.
Sunwin name change to fit stevia market
Global stevia extract supplier, Sunwin International Neutraceuticals, has changed its name to accurately reflect its core business and thus capitalize on market opportunities, the company said.
Increasing nanotechnology application ‘merits’ safety investigations – FDA
The application of nanotechnology in the manufacture of food and food contact substances “merits” investigation, according to draft guidance from the US Food and Drug Administration (FDA).
McCormick on mission to become Amazon of recipes with ‘breakthrough’ flavor print application
Seasonings giant McCormick is working on a ’flavor print’ service with MyWebGrocer it claims will replicate Amazon’s recommendation capabilities in the world of flavor, delivering personalized recipes to consumers using McCormick ingredients.
Kellogg issues profit warning ahead of Q1 results
Cereal giant Kellogg has lowered its financial guidance for 2012 as declining European sales led it to perform below expectations in its first quarter (Q1) results.
Russia aims to achieve beef self-sufficiency by 2018
Russian authorities have decided to reverse the negative trend seen in the beef market since 2005 and achieve self-sufficiency in the next seven years.
Clean label starch patent secured in Japan amid surging 'free-from' demand
National Starch has received a patent for its clean label starch technology in Japan, amid a surging demand for such ingredients across the country.
Bangladesh poultry sector battles Indian egg imports
The Bangladesh poultry industry is up in arms over a government decision to allow egg imports from India, even as the local industry is on the brink of collapse on the back of bird flu.
Tea to be made national drink of India
Tea will be affirmed as the national drink of India within 12 months, a government official has said – a move that should benefit beleaguered local growers.
Brussels cuts EU beef and pork export refunds
The European Commission has announced it would reduce EU beef export refunds by 33% and slashed pork export refunds to zero.
Support cocoa farmers or face a ‘chocolate crisis’, warns academic
Chocolate manufacturers will face a serious cocoa supply shortage unless they work to improve the livelihoods of cocoa farmers and allow them to invest in sustainable production, according to an academic.
Salt tax could cut heart disease in developing countries: Study
Voluntary industry reductions in salt content, in addition to tobacco style taxes on products containing salt, could help to cut cardiovascular deaths by three in developing countries that represent more than half of the world’s population, suggest...
Health targets achieve more without regulation, says UK minister
Voluntary steps to reduce trans fats, salt and calories in food and drink are achieving much more than 'intrusive regulation' would, according to the UK health secretary.
Industry should promote meat and dairy substitutes ‘like digital technology’, says ex-World Bank adviser
The food industry could promote meat and dairy substitutes ‘like digital technology’ to tackle climate change, suggests former World Bank environmental adviser Robert Goodland.
Market for food allergy and intolerance products set to hit $26.5bn in five years, says GIA
The global market for foods developed for those with food allergies and intolerances is expected to grow to more than $26.5bn over the next five years, according to a new report from Global Industry Analysts (GIA).
FDA says nanotechnology may need greater scrutiny
The Food and Drug Administration (FDA) has issued new draft guidance on the use of nanotechnology in food and cosmetic products, encouraging manufacturers to consult with the agency before taking products using the technology to market.
Instant value with healthy, non-MSG noodles in China
Developing non-MSG, better-for-you instant noodles will surge market value in China’s commoditised market sector, according to Mintel research director.