Profits plunge at Bunge's agribusiness
The rolling out of third quarter results today continues with a slip in earnings for US agri-giant Bunge on the back of weaker profits sorely felt in the agribusiness division.
Archives for October 31, 2003
Quest slices into ICI
Disappointing figures from flavours company Quest pulled an already less than dazzling set of third quarter results down further for UK chemical group ICI hit by a continuing malaise in US and European sales. National Starch figures crept up but...
Epochal events in food safety
Under a new partnership and license and supply agreement, BioControl has received the right to specific probe sequences from Epoch Biosciences for use in the field of food safety testing.
Lower margins eat into Burns Philp
Pricing pressure hits another ingredients company as leading Australian yeast supplier Burns Philp sees low margins cutting into profit for the quarter.
Metro sale shelved as revenues rise
Metro, the German wholesale and retail group, has scrapped plans to sell its extensive property portfolio after lengthy negotiations with the prospective buyer ended in failure. The decision came as the group announced solid sales growth for the first...
Russia plagued by counterfeit goods
Food and drink producers such as Kristall and Nestlé are suffering from the ever-rising tide of counterfeit goods in Russia. A recent survey shows that as much as 90 per cent of the goods bought by shoppers in Moscow were fake - a figure which brand...
FDA declares cloning safe
The Food and Drug Administration (FDA) claims that healthy animal clones pose no increased risk to consumers. Commercialisation may be a problem however as the public remain unconvinced.
Close collaboration for food applications
Food scientists working in today's food industry are constantly facing, and resolving, the challenges of a competitive market. One emerging trend in particular is the blurring of boundaries between different food application areas. Cereal and dairy...
Stable Micro Systems launches new texture analyser
Stable Micro Systems, the designer and manufacturer of texture analysis equipment for the food industry, is launching its new-generation texture analyser at the FIE 2001
Further price cuts from Laurus
Laurus, the Dutch retail group, has made its third set of price cuts in two weeks, with a further 230 items at the Edah chain benefiting from the reduction. But the company faces a difficult few months, trying to find the right balance between eroding...