News & Analysis on the Bakery and Snacks Industries
Container board and corrugated packaging supplier, Smurfit Kappa Group (SKG), announcing a 20 per cent hike revenue today, said ongoing price increases will remain a priority in 2010 due to input cost pressures such as raw materials, labour and energy costs.
Graham Packaging has agreed to acquire Liquid Container for $568m in an effort to build its core food and beverage business in North America.
A new fat replacer derived from kiwifruit can remove up to 90 per cent of fats in pastry and its active vitamin C and E and dietary fibre components add functionality, claims its New Zealand based developer.
Rank Hovis is to increase the price of flour by £89.37 per tonne, effective 6 September, Lawrence Watson, head of sales and marketing, revealed exclusively to our sister publication British Baker earlier this week.
The struggling economies of Southern and Eastern European countries marred the sales figures of CSM’s bakery supplies division over the last six months, which growth from the UK and Germany could not offset.
US Department of Agriculture (USDA) Secretary Tom Vilsack said on Tuesday that world wheat supplies are robust, despite fires that have devastated Russian wheat crops and flooding in Canada.