Markets

15-Jun-2006 - DSM Food Specialties' sale of its Engevita inactive dry yeast business is part of the group's strategy of focusing on added value yeast extracts and other flavour ingredients.

Nestlé confident that food prices will stabilise

12-Jun-2006 - Nestle doesn't expect raw material prices to rise further this year, despite a recent FAO report that forecasts an increase of over 2 per cent in the world food import bill in 2006.

Cadbury to miss targets for 2006

08-Jun-2006 - Cadbury Schweppes says that it is unlikely to be able to deliver margin growth within the company's goal ranges for 2006, though US gum sales have been strong.

Cargill to expand cocoa presence in Ghana

06-Jun-2006 - Cargill is to build a state-of-the-art cocoa processing facility in Ghana, West Africa, to produce cocoa liquor, butter and powder.

Cadbury acquires South African gum business

02-Jun-2006 - Cadbury Schweppes has completed the acquisition of South Africa's leading chewing gum business from Botswana-based Dan Products.

Rhodia raises vanillin prices to fund Chinese ambitions

01-Jun-2006 - Rhodia explains to FoodNavigator why the firm's vanillin price increases, unveiled today, are absolutely necessary for the business to progress - and why so much attention is being focused on China.

Tate & Lyle year profits hit by sugar reform

30-May-2006 - Tate & Lyle's full year profit fell by 79 per cent to £ 42m due largely to reform of the European sugar market.

Nestlé to buy Australia's Uncle Tobys cereals, snack business

26-May-2006 - Nestle, the world's biggest foodmaker, has agreed to buy the Uncle Tobys cereal, soups and nutritious snacks brand from Burns Philp for A$890 million (€523.2m) to expand its range of healthier foods in Australia.

Kraft Australia to cut more than 300 jobs

26-May-2006 - Kraft Foods will axe 325 jobs at two of its Australian manufacturing sites under a two-year plan to reduce costs, it revealed on Wednesday.

Nestlé expands nutritious snack business

24-May-2006 - Nestlé is to strengthen its presence in the Australian nutritious snack market through the acquisition of the nation's Uncle Tobys snack business.

Wrigley declares new share dividend

22-May-2006 - The board of directors at Wrigley has declared a regular dividend of $0.256 on each share of common stock and each share of class B common stock for the three-month period beginning 1 August 2006.

ABF's African sugar offer shows global vision

22-May-2006 - ABF's offer to acquire 51 per cent of Illovo, Africa's largest sugar producer, underlines how the new EU sugar regime has forced European sugar producers to think truly globally.

Australian sugar tax remains in new budget

11-May-2006 - Australian food and beverage makers face another year of tax on sugar but some further tax deductions when buying machinery, shows the new budget.

Kraft and Premier Foods eye United Biscuits

10-May-2006 - US food giant Kraft is partnering with Britain's Premier Foods to launch a bid for United Biscuits, according to industry insiders.

Cadbury buoyed by ECJ tax ruling

05-May-2006 - The opinion of an advocate-general of the European Court of Justice on UK anti-tax avoidance rules could benefit multinationals such as confectioner Cadbury Schweppes.

CSM announces further streamlining measures

03-May-2006 - CSM's merger of two North American businesses is the latest move in a wide-ranging strategy to cut costs and achieve better operational focus.

Ginger processor says profit growth will continue

02-May-2006 - The world's largest producer of ginger for confectionery, Buderim Ginger, said on Friday that it expects to see higher profits this year, thanks to the long-term improvements made through its restructuring programme.

Scharffen Berger taps premium chocolate demand

28-Apr-2006 - A San Francisco-based confectioner is tapping demand for premium chocolate through careful attention to the entire chocolate-making process.

Novozymes reports solid start to 2006

28-Apr-2006 - Novozymes reported an increase in operating profit for the first quarter of 2006, providing a good basis for further expansion.

Wrigley unwraps record first quarter sales

27-Apr-2006 - Wrigley has earned a first quarter record $1.08 billion on the back of a 13 per cent sales increase and a 23 per cent increase in worldwide shipping.

ADM plans new cocoa plant

26-Apr-2006 - Agribusiness giant Archer Daniels Midland (ADM) is to build a new US cocoa processing facility in a move designed to meet growing demand for its cocoa ingredients.

Nestlé outperforms in Q1

25-Apr-2006 - Swiss food giant Nestlé has announced a first-quarter sales rise of 14.1 per cent to CHF22.8bn (€14.5bn), beating analyst expectations and reconfirming its full-year target of a five to six per cent growth rate.

Sudzucker faces tough 2006, say analysts

24-Apr-2006 - Sugar giant Sudzucker must work hard to guard against falling revenue this year despite internal restructuring programmes and expansion into other food sectors, warn analysts.

Hershey suffers flat sales

21-Apr-2006 - Iconic chocolate and snacks brand Hershey has announced disappointing sales figures, but posted a seven per cent rise in quarterly profit as the company works on product innovation and cost minimisation.

Kraft's tax rebate strengthens finances

20-Apr-2006 - Kraft Foods has recorded stable first quarter results, masking falling operating income with a favourable tax settlement and raising prices to combat spiralling production costs.