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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.

Cereal prices will remain high, says FAO

Cereal prices will remain high, despite the record world cereal production forecast, the Food and Agriculture Organisation (FAO) said in a report this week.

Top firms meet to discuss kids advertising

Top food and beverage companies are today expected to announce new voluntary restrictions on marketing to children, in an effort to preempt the implementation of new regulations.

Investment firm continues European milling market expansion

Austrian investment firm Leipnik-Lundenburger Invest (LLI) said it has successfully completed its entry into the southeastern European milling market with the acquisitions of two bakery firms.

Bakery sales continue to struggle for Northern Foods

Northern Foods today reported a 2.6 per cent decline in bakery sales revenue in the 13 weeks up to 30 June.

Cereal supply shortage puts crunch on processors

A European Commission statement yesterday that the bloc's cereal stocks are at a low point, emphasises the food industry's warning that commodity prices are hurting manufacturers.

CSM streamlines US bakery ingredients operation

Dutch company CSM will continue to concentrate its manufacturing in the US by transferring the production of a subsidiary to other CSM North America plants.

Premium crisps drive growth, says report

A developing demand for premium products such as those made with alternative ingredients is keeping the UK crisps market on a steady 2.5 per cent growth rate, Mintel says in...

Fat tax - proposed again by academia, dismissed by industry

If the British government imposes a "carefully targeted fat tax" on food, over 3,000 deaths from cardiovascular disease could be prevented every year, UK academics have said.

Real Good Food focuses on sugar and bakery

Real Good Food said this week it is focusing upon its sugar and bakery sectors following the disposal of its fish business.

Kellogg's takes bigger bite out of snacks market

Kellogg's is making a bid to become a bigger player in the global snacks market, with the company saying the segment will account for 50 per cent of its sales...

Private label bakery keeps strong market position

Private label bakery products continue to hold a strong foothold in the growing UK market, accounting for 58 per cent of sales by value, according to a study by Nielsen.

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