After the pound hit a record low against the US dollar at the end of September, the Fairtrade Foundation is warning of the potential impact of the market volatility, both on farmers in low-income countries and the UK shoppers who buy the food they grow.
Nestlé’s confectionery business has posted flat real internal growth in the first quarter 2016 triggered by an economic slowdown in Brazil and an earlier Chinese New Year.
Printpack, a US flexible packaging converter, will invest $25.7m to expand its manufacturing operation in Newport News, Virginia, despite closing its Fredericksburg plant last June.
Asia’s cocoa grind dropped 17.2% in the fourth quarter after an economic slowdown in China, adding another cocoa processing decline to the world jigsaw.
Futures exchange company CME Group has made a “strong commitment” in the cocoa market and plans a new contract to rival the IntercontinentalExchange Group (ICE).
Belgian truffle maker Duc d’O has entered India through a distribution deal with Cosmo Fine Foods and hopes to target increasingly affluent Indian consumers.
Scandinavia’s largest confectioner Cloetta has reported a 20% fall in earnings for 2012 due to a weak Italian market, higher sugar prices and a "sugar tax" in Denmark.
Confectioners are vigorously innovating to build market share in the developing Asian market. We take a look at some of the latest products to hit Asia.
UK chocolatier Thorntons is to concentrate on selling its premium chocolate range through commercial channels and will also explore international markets after its earlier focus on own-store sales helped profits to slump.
Egypt’s confectionery market will slump over the next two years spurred by political and economic unrest, but manufacturers can create appeal with NPD of low-cost, healthier products, according to an industry expert.
Nordenia International said its 2011 full year profits of just over €100m – the second highest ever – were driven more by the passing on of price rises to customers rather than volume increases.
The food and beverage production industry is ramping up its innovation pipeline as a way of bucking the uncertain economic trend, Anuga FoodTec show director Peter Grothues told FoodProductionDaily.com at the event last week in Cologne, Germany.
Stronger sales, rising reputation and technological innovation are three reasons for UK food and drink manufacturers to feel optimistic this autumn, Chris Buxton, ceo of the Processing and Packaging Machinery Association (PPMA ), tells FoodManufacture.co.uk.
Bosch packaging chief Friedberg Klefenz said talk of another economic downturn has failed to dent the company’s buoyant order books as he also forecasts strong growth in its Chinese operations.
The economic downturn has put the brakes on the development of the Russian confectionery market and led to subdued growth for Nestlé in Russia in the first half of 2011, according to the company.
Japanese ingredients supplier Ajinomoto has seen Q1 sales drop 2.6% to ¥296.3bn, with slow global economies and the aftermath of the March natural disasters in Japan affecting the results.
Ingredients giant Barry Callebaut has confirmed its positive midterm outlook after posting a 7.3 per cent rise in sales volumes over the first nine months of the fiscal year.
Indian joint venture Godrej Hershey is reported to be introducing chocolate products into amdist strong competition from dominant players such as Cadbury and Nestlé.
The worst of the global economic crisis on chocolate is over but global market volumes will remain flat throughout 2010, predicts Barry Callebaut – which itself is expecting to outperform the market.
Tighter purses are not turning consumers away from ethical shopping with interest in all things sustainable or humane thriving despite the recession, according to market researcher, Packaged Facts.
Employment prospects and revenues in the US food and beverage industry are likely to improve next year, predict most executives in the sector, according to a national survey from tax advisory firm KPMG.
As the stevia industry is poised for wide take-up, harmonisation and recognition of the need for standards is crucial to securing a good reputation from the outset, according to ChromaDex CEO.
Prices for key commodities used by food manufacturers may have eased since their peaks last year, but the cost of cereals and vegetable oils in the near term will remain far higher than pre-2008, projects the OECD.
UK-based Cadbury is hoping to extend its presence in India with the confectioner reportedly set to use the country as a major regional production centre for its cocoa supplies.
Top prizes for innovation, stevia capacity and taste tests, food safety, and doing business in a tough economy... the FoodNavigator team shares thoughts on the opening day of the IFT trade show in Anaheim, California.
Edible coatings and films firm Mantrose UK rolls out an anti-scuffing innovation that it claims protects against surface damage while maintaining the original appearance of the chocolate.
Demand for products and concepts that through targeted investments can boost efficiency and cut costs for confectioners were particularly in demand, say the organisers of last week's ProSweets trade fair.
Growth in the French chocolate confectionery market fell sharply in 2008 but it is forecast to recover this year, helped by sales of premium products, according to Snapshots, a market reports company.
The Russian confectionery market, the second largest in the world, will see growth of 14-16 per cent next year, according to chocolate manufacturer Cadbury.
Food makers confronted by today's challenging economic times must continue to invest hard in innovation to beat the downturn. This year's SIAL, which opened yesterday in Paris, is a showcase of new ideas that could help to boost margins and...
A survey of European consumers about peanuts sourced from across
the globe reveals a distinct preference for the quality and flavour
of US-produced nuts.
Cloetta Fazer, the Swedish confectionery group, has finally lost
patience with its perennially underperforming Polish unit, deciding
to close the Gdansk-based company after failing to elicit an
improvement in its performance, writes...
Cloetta Fazer Group, the Stockholm-listed Swedish-Finnish
confectionery group, says it is planning to tap into the huge
potential of the Poland market. According to CEO Karsten Slotte,
the company is set to play a role in the consolidation...
Changing attitudes to the health benefits of foods and an increased
effort to solve technical and economic issues has raised support
for flour fortification among industry members, showed a meeting
held in London yesterday.
After several years of gains, growth in the Russian confectionery
market looks set to slow over the next six years or so, with only
premium chocolate products likely to bring big returns.
