Lindt overcomes commodity pressures to record 18% profits surge in H1
Lindt & Sprüngli has reported a double-digit rise in net income as it weathers steep price hikes in key commodities such as cocoa, hazelnuts and almonds.
Archives for August 17, 2015
Lotus Bakeries takes majority slice of Nakd and Trek bar maker
Belgium-based Lotus Bakeries has seen its share price jump to a near 52-week high after it acquired two-thirds of UK-based snack firm Natural Balance Foods on Monday for about £60m (€85m).
Italian politicians defend palm oil
Italian politicians have submitted two resolutions to parliament defending palm oil in the face of anti-palm oil campaigns, calling it a raw material of fundamental importance for Italian industry.
Why are bee populations falling? We don’t really know, so we don’t really care…
The public has become immune to dire warnings about what falling pollinator numbers could mean for the world’s food supply – because there is no clear solution to the problem, says Oxford researcher Dr Leila Battison.
‘Omega-3s: Always a Good Idea’ posts positive results but did not fully return the market to growth
An integrated marketing campaign to change the conversation on omega-3s and reverse declining sales has contributed to a 3% improvement in year-over-year monthly unit sales in the food/drug/mass channel, says GOED.
Avian flu costs US poultry and egg industry $390m
The avian flu virus has cost the US egg and poultry industry nearly $390 million because of a 14% drop in exports during the first half of 2015 compared to 2014.
15 year challenge to develop products with, not for customers
Consumer behaviour has shifted from ‘shopaholic’ to ‘saveaholic’
One challenge for companies in the next 15 to 20 years will be to develop products with customers, not for them, according to Jörgen Jedbratt, trend forecaster, Kairos Future research and consulting firm, Stockholm.
EU-Vietnam trade deal creates positivity
The European Union (EU) meat and livestock sector has welcomed the recent EU-Vietnamese free trade agreement. The industry said it could help exporters sell more pork and poultry to this growing emerging market of 84 million people.
Global Dairy Trade commodity prices increase after five-month freefall
Prices on the Fonterra-owned Global Dairy Trade (GDT) auction platform rose today for the first time since March.
Auchan to open meat plant in Russia
French retailer Auchan has announced plans to build a meat plant in Russia, following a veterinary scandal at the Russian arm of the retailer.
Healthy fats make leaner kids, says study
Children who report eating more polyunsaturated fatty acids are leaner and have lower body fat percentages than those who consume higher amounts of saturated fats, say researchers.
Flavor Trends
Consumers are demanding more sophisticated blends of hot spice and flavor, Kalsec study finds
As consumer demand for spicy food increases, it also is evolving beyond that for just eye-watering and mouth-burning heat to include a desire for more complex blends of pungent flavors, a recent survey by Kalsec reveals.
Baobab poised to become the “queen of superfruits,” supplier says
Antioxidant- and fiber-rich baobab is on the verge of stealing the crown from acai, goji berries and pomegranate as the “queen of superfruits,” thanks to awareness raised by recent and upcoming product launches featuring the ingredient, according to a...
China direct
Coffee making inroads on China’s tea hegemony
Tea has a long history in China and is still the country’s most popular drink, but coffee is catching up slowly but surely, a new report from Canadean has revealed.
Cosmo Films completes production line installation in India
Cosmo Films’ Export Oriented Unit (EOU) has entered into its second expansion phase.
China tackles over-capacity issues
One of China’s leading meat-producing regions has come up with a radical solution to fix the over-capacity problem in the local processing sector.