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Mitsui acquires share in Multigrain to secure food supplies

Japanese food group Mitsui is to acquire outstanding shares of Brazil-based Mltigrain, a move the firm says will help it meet growing demand for food throughout Asia.

Weekly Comment

A helping hand to the confused consumer

Consumers are bombarded with an overload of nutritional advice and product marketing - be it from magazines, television shows, and product advertising - and without a degree in nutritional science,...

Good progress seen in school nutrition, says report

Significant improvements have been made in the nutritional profile of foods sold in schools, according to a new report issued by the School Nutrition Association (SNA).

Children don't want nutritional snacks, says survey

Despite parents pressuring for more nutritional snacks, 70 per cent of children throw them away, according to a new survey in the US.

Bakery expands healthier snacks range

Barbara's Bakery has launched the first all natural snack bars combining fruit fillings and yogurt in a whole-grain crust, the company claimed today.

OFT in UK clears ABF's acquisition

The Office of Fair Trading (OFT) has cleared international food company Associated British Foods' acquisition of Indian food manufacturer Patak's.

New CSM acquisition in premium market segment

Dutch-based bakery supplier CSM announced today its acquisition of UK-based Kate's Cakes in a deal worth £32.5m (€48m).

Weekly Comment

Reflections from IFT

As the dust settles on this year's IFT Food Expo 2007 in Chicago, health and wellness and food safety came through as the star performers, and drivers for the future...

Chiquita operating income hit due to higher input costs

Operating income decreased for US-based Chiquita Brands International following lower results in the salads and healthy snacks segment, the company said.

Bulgarian bakers hit by higher input prices

Bakers in Bulgaria are predicting a 30 to 50 per cent rise in bread prices due to increased input costs, according to a recent market update.

Chocolate biscuit sales hit by obesity concerns

Sales of chocolate biscuits in the UK fell 17 per cent between 2001 and 2006 as consumers made the switch to healthier varieties, according to new figures.

Cereal prices remain high due to biofuel boom

An increase in the demand for biofuel will cause an increase in demand for cereals, maintaining the relatively high raw material prices, the European Commission said today.

Kraft profit margins down due to higher input costs

Kraft's profit margins will continue to decline in the second half of the year due to increases in input costs, the company said today.

Keep up with healthy convenience, says Datamonitor

Healthy foods in convenient packaging is a consumer need that is growing in momentum, according to Datamonitor, with 59 per cent of European and US consumers seeking a combination of...

ADM reports a 53 per cent increase in operating profit

Operating profit for the year ended 30 June increased by 53 per cent to $3.16bn for Archer Daniels Midland, mainly due to streamlining operations, the company said yesteday.

Nestle's Gerber acquisition cleared by EU

The European Commission has cleared Nestle's proposed acquisition of Novartis's Gerber business, saying it would not lead to an uncompetitive concentration in baby foods and cereals.

Strong sales boost revenues for Kellogg

Kellogg said yesterday sales jumped by 9 per cent to $3bn (€ 2.2bn) for the quarter ended 30 June, underlying the company's growth across all of its cereal and snack segments.

Healthy snacks market will boom, says report

The whole grain and high fibre food market will reach $21bn (€15bn) by 2010, according to a new report by Global Industry Analysts.

Panera Bread reports 28 per cent revenue boost

Panera Bread said yesterday second quarter revenues for 2007 increased 28 per cent over the same period last year, but operating profit fell by 3.4 per cent.

Strong sales across board for Pepsi

PepsiCo yesterday reported revenue growth of 10 per cent for the quarter ending 16 June, thanks to strong performances across most business segments.

Arla sells yoghurt top cups division

Arla Foods announced yesterday the sale of Crispy Food International, a leading producer of "cereal tops" for dairy breakfast foods, to Denmark-based Koff.

ConAgra buys natural foods company

ConAgra has expanded into the natural and organic markets with the acquisition of Alexia Foods, the company announced yesterday.

Weekly Comment

Could the E-number be up?

The European Food Safety Authority's review of additive safety could have a bigger effect on the ingredients industry than the ejection of certain colours and flavours with a suspect safety...

UN bodies call for tougher food safety legislation

Tougher legislation and more inspections are needed to prevent the up to 200 food safety incidents reported internationally, according to two UN bodies.

Unilever cuts salt in noodle brand

Unilever has invested £10m (€15m) in the second phase of relaunching its Pot Noodle brand in the UK, cutting in half the amount of salt in the product.

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