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CSM sells US bakery ingredient group

Dutch firm CSM has reached an agreement on the sale one of its North American bakery ingredients operations to Kerry Group, the company revealed today.

Weekly comment

Time for antioxidants v2.0

'Antioxidants' crop up every where, from beverage cans to cereal packets. But industry must wake up to over use of the antioxidant tag before the term loses meaning for consumers.

Dessert habits reflect healthy trend, report

While 85 per cent of US consumers still eat dessert once a month or more, healthier options such as fruit and yoghurt are an increasingly popular choice, according to a...

Danisco to review ingredients strategy ahead of split

Danisco has said it is reviewing the strategic direction and priorities of its core ingredients business, as a result of its decision to de-merge its sugar and ingredients operations.

Greencore acquires UK cake firm

Irish-based Greencore has moved to strengthen its position in the convenience food sector by purchasing a UK cake manufacturer, after exiting the sugar business because of EU reforms.

China moves to stem grain exports

China's Ministry of Finance yesterday said it will scrap the 13 per cent tax rebate on grain exports to keep the products within the country, a move that could put...

Pectin sourcing advances: 2007

As 2007 draws to a close, FoodNavigator looks backs on a year of continued exploration for novel sources of pectin for the food industry.

Kellogg expands research facility

Cereal manufacturer Kellogg today revealed plans to invest $40m in expanding its institute for food and nutrition research, claiming that sales from innovation have doubled since it first opened in 1997.

Lance invests in organic snacks

US-based snack company Lance last week announced it has bought a stake in Late July Snacks, as part of a bid to move into the organic and healthy market.

Weekly Comment

Infant nutrition: Too close for comfort?

Industry has to walk a tightrope between lending a benevolent hand to support infant nutrition for the good of public health, and cynical marketing that seems to cash in on...

Cereal prices remain high despite record production, FAO

Global cereal production this year has reached record levels, although an inability to keep up with the rapid rise in demand has kept prices high, according to a new report...

Krispy Kreme profits fall despite cutbacks

Doughnut manufacturer Krispy Kreme last week said third quarter sales fell nearly 12 per cent, despite closing factory stores across the country in an attempt to save costs.

Frito-Lay develops sense of hummus

Frito-lay, the snack arm of beverage group PepsiCo hopes to extend its presence in the market for healthier snacks, announcing today a new US-based joint venture with the Strauss Group.

Further sugar production difficulties ahead, says ABF chairman

The chairman of Associated British Foods (ABF), a major European-sugar producer, says that the industry will have to weather the storm over the coming year before producers can reap the...

Kraft denies Brazilian acquisition

Global food giant Kraft yesterday denied making a bid for Brazilian poultry company Perdigao, despite a flurry of merger and acquisition activity over the last year.

Expert Comment

Claiming your share of R&D tax incentives

KPMG's David O'Keeffe, Dharmini Dharmabalan, and Naro Roxane Markarian describe how companies can access some of the R&D tax incentives they may be missing out on.

Weekly comment

Industry's role against HIV/AIDS

Following World AIDS Day, the food industry should reflect on its own potential to advance the fight against a disease that continues to sweep a devastating toll.

Snack bars outsell confectionery, report

Thanks to the health and organic trends, sales of cereal bars in the EU will experience average compound annual growth of 7.2 per cent up to 2010, far outstripping sales...

News briefs: Kraft, Heinz and Lotte

Heinz posts a nearly 10 per cent increase in operating profits; Kraft finalises the acquisition of Danone's biscuit division; and Korean company Lotte moves into the Japanese cake market.

Premium products boost Finsbury sales

UK bakery Finsbury Foods managed to increase sales by an average of 17 per cent across all divisions, despite a ten per cent rise in ingredient costs.

Health trends drive bakery industry, report

Bakery manufacturers must be responsive to consumer demands for health and convenient products, or risk losing out in an increasingly competitive European market, according to a new report.

Grain prices could rise by another 40 per cent says ING

Food and beverage processors will be fighting it out for an increasingly dwindling supply of grains sourced at ever higher prices, ING Group warned in a new forecast report for...

Sustain supply or lose profit, food industry warned

The food industry must support EU farmers during the current commodity squeeze, as a sustainable supply of agricultural materials is vital for healthy profits, experts warned yesterday.

Date set for decision on suspending import duties

Cereal supply chain shortages may start to ease this winter, as the EU's agricultural ministers will decide on whether to suspend import duties at a meeting starting on 18 December.

Cereal makers missing emerging market boon

A large number of global breakfast cereal manufacturers are failing to take advantage of the potential for their products in markets such as Eastern Europe and Asia, according to consumer...

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