DSM expects to see full year profits rise 50 per cent on last year,
said chairman Peter Elverding, after stronger than expected growth
in the third quarter continued the positive trend.
The Danish Brewery Group, Denmark's second largest beer maker, has
strengthened its position in the Baltic markets through the
acquisition of a controlling stake in Lacplesa Alus, Latvia's
number three brewer.
Squeezed margins from 'fierce competition' have hit profits at
Swedish oils and fats firm Karlshamns, which this week announced
job cuts in the context of a cost saving programme.
Kellogg reported a solid 7 percent increase in its earnings for the
third quarter with the North America region also putting up a
strong performance thanks to the successful introdution of new
product lines.
United International Enterprises Limited (UIE), the majority
stakeholder in vegetable oil firm Aarhus United, confirms it will
sell its considerable stake in the Danish firm, due to be divested
by January 2005.
In line with growing consumer demand for organic products, Butter
Buds Food Ingredients has introduced a certified organic line of
natural butter, cream and cheese concentrates.
Food makers will be encouraged to use green and black tea in their
food formulations as science builds a picture of the possible
health benefits, most recently that they could improve memory.
United International Enterprises Limited (UIE), the majority
stakeholder in vegetable oil firm Aarhus United, confirms it will
sell its considerable stake in the Danish firm, due to be divested
by January 2005.
Number two cultures player Danisco will ramp up production of
frozen pelletised cultures clearing a €7 million investment to
expand facilities in Niebull, Germany.
The US election has been dominated by Iraq and fears over
international terrorism, but whoever wins next Tuesday will also
have to deal with pressing domestic issues such as improving food
production and safety. Anthony Fletcher reports.
Tea rivals vodka in the affection of Russian consumers, it seems,
with a new survey showing that 98 per cent of the population drink
the beverage on a regular basis - on average, at least two cups a
day. But while consumption levels...
Wal-Mart is the world's largest retail group, more than twice the
size of its nearest rival Carrefour, but until recently it was
virtually unknown outside North America. Recent moves into Latin
America and Europe, however, have...
Investigations into benefits of low calorie diet lead scientists to
pinpoint the gene responsible for an increase in life span in flies
on calorie-restricted diet, paving the way to further elucidate the
health and longevity benefits...
Bolt-on acquisitions move ambitious Israeli flavours firm Frutarom
a step closer to its ambitions to reach the top ten flavour club
with the firm closing down on the purchase of IFF's fruit
preparations business in Europe.
Stronger flavoured onions could be better cancer-fighting foods
than their mild-flavoured cousins, find researchers in the US that
analysed an array of common varieties.
Brazil's main association of soybean crushers and exporters last
week warned farmers and co-operatives of the importance of
honouring forward contracts, according to media reports last week.
The most successful health foods of the future are likely to be
functional, and particularly those targeted at children and
seniors, predicts a new report.
The FDA published this week the final 2004 Produce Safety Action
Plan aimed at minimizing the number of foodborne illnesses that are
contracted each year through the consumption of fresh produce.
After a slightly slow start to the year, the confectionery group
Hershey Foods, saw sales rise and the gross margin expand in the
third quarter, despite rising commodity costs.
Health promoting compounds found in honey could make this
ingredient a more attractive option for food makers currently using
bulk sweeteners such as high-fructose corn syrup, say scientists in
the US, and looking to jump on board...
Health-promoting compounds found in honey could make this
ingredient a more attractive option for food makers currently using
bulk sweeteners such as high-fructose corn syrup and looking to
jump on board the growing health foods trend,...
An international task force meeting in Brazil last week under the
aegis of Codex Alimentarius, the global food standards body,
cleared a decision after difficult discussions on defining the
identity of reconstituted orange juice.
Japanese researchers explain how herbs and spices can cover the
odour of rotten food, finding that these foodstuffs seem to
activate an area in the brain's olfactory bulb that is similar to
that signalled by the smell of rotten...
Novis, now with almost half a million readers, yesterday earned
broad industry recognition with two further publishing awards,
following on from its best publication prize earlier this year.
The UK's Food Standards Agency (FSA) is advising people not to eat
certain batches of fresh organic free-range chicken found to
contain traces of a nitrofuran, a banned veterinary medicine.
A popular food oil used extensively in food formulations is the
latest product-type to be pulled from the UK supermarket shelves as
the country's food watchdog identifies the illegal carcinogen Sudan
IV in a batch of palm oil...
Spanish nutritional oils company Genosa I+D has launched an olive
oil-based product, enriched with fish oil and antioxidants, to give
it an ideal balance of fatty acids.
British flavours firm Synergy Flavours is bringing a new organic
vanilla extract to market, locking in suppliers from Madagascar to
help guarantee the source of a product rooted in a vulnerable
global crop.
An international task force meeting in Brazil last week under the
aegis of Codex Alimentarius, the global food standards body, clears
a decision after difficult discussions on defining the identity of
reconstituted orange juice.
European bakery ingredients leader CSM will chip away at its German
subsidiary as the firm announces job cuts and restructuring efforts
to bring about savings and underline its focus on becoming an
international bakery supplies player.
Corn Products International has announced improved sales and
improved earning for the first nine months of 2004, though as the
company had previously forecast, the second half of the year is
proving more challenging.
The Novosibirsk dairy, part of Russia's Nidan group, is hoping to
corner the market for high quality, healthy dairy products with the
launch of a new range called Milk Time.
Spain has more than 100 food and drink products with specific
denomination of origin status and has invested increasingly heavily
in marketing these premium quality foods both at home and abroad.
Russia is no exception, with DO ham...
Fonterra has built a new processing plant in New Zealand as part of
its strategy to move its dairy business away from commodification
and towards producing more value-added products.
Hopes are pinned on a road map for food science of the future as a
food industry group in the UK sees the potential shortage of food
scientists as a 'timebomb' threatening the largest single
manufacturing sector in the country.
A new ice cream product enriched with iodine is to be launched in
the New Year by Russian dairy group MiasoMolTorg JSC, the first
product of its kind on the Russian market and the latest to play on
the health credentials of dairy...
Colors and flavors group Sensient Technologies this week reported
an increase in earnings for the third quarter of 2004, a welcome
result after a drop in profit in the first six months of this year.
Japanese functional food company Yakult will next month launch a
new fermented drink designed to lower blood pressure on its home
market, according to a report.
Soy is unlikely to damage fertility in women, report researchers,
who investigated the theory that its positive impact on breast
cancer risk may have other, unwanted effects.
Despite attempts by Kraft Foods to give the company a healthier
image, earnings fell for the fifth straight quarter as higher
commodity costs and retail price pressures took their toll.
Chr Hansen breaks into the lucrative Chinese market constructing
its first production facilities to provide more flexibility to
serve the burgeoning local food industry, reports Lindsey
Partos.
New rules in Europe recently opened the way for market
opportunities of GM food crops but the debate still rattles on with
the focus now turned to the co-existence of GM, organic and
conventional crops with a new UK report claiming...
The honeymoon may be over for Polish hypermarkets, as a new report
claims their soaring growth in the last decade will soon start to
slow, forcing companies to adapt their strategies. Chris Mercer
reports.
Powerhouse antioxidants contained in three or more pieces of fruit
and vegetables a day could severely reduce the risk of developing
cancer of the lymphatic system with broccoli and cabbage showing
particularly strong benefits.
Greater market penetration is expected for Avebe starch products as
Fiske Food Denmark, a distributor of food and beverage ingredients,
links up with the potato starch firm to distribute products from
the Dutch farming co-operative.
The New Jersey based food technology company Prime Favorites, has
started marketing a product to remove the bitter taste of potassium
chloride in foods.