Days after EU ministers at the Agriculture Council huddled together
to chew over impending changes to the sugar regime, leading
sweeteners group Tate & Lyle tells the market that no surprises
are in store for 2005.
Exports of sugar confectionery from Switzerland rose by more than
10 per cent last year, offsetting a mediocre performance on the
home market. But with imports taking a lesser share of sales this
year, the industry hopes that focusing...
The largest sugar producer in Europe Südzucker has divested all
shares in the Spanish food group Ebro Puleva through the group's
subsidiary Saint Louis Sucre, providing it with breathing space to
concentrate on speciality ingredients.
The Romanian chocolate sector looks set to become increasingly
competitive as the third largest player, Kandia, prepares to
finalise a merger with Excelent - a move that will create the
leading producer on the market.
Food and drink merger activity has been high this week, with
Richmond foods, Smithfield Foods and Campofrio all muscling in on
the act. But in the confectionery sector, Thorntons has pulled
itself out of the takeover market.
Despite higher raw material prices Corn Products International, a
US maker of corn syrups sweeteners, saw profits and sales rise for
the year, citing sales in North America and a better price-product
mix as key factors responsible...
Last year was not one of the best for sales of chocolate, with
political instability in the Middle East, a weak global economy,
lower tourist numbers in the Far East as a result of SARS and the
hottest European summer in decades all...
In response to an increasing worldwide demand for pectin, Danish
ingredients company Danisco is to expand its Czech production
capacity by 40 per cent to accommodate an expected growth rate of
5-6 per cent on the world market.
Danish oils and fats company Aarhus United saw third quarter profit
falling by over 50 per cent as reduced margins, lower exchange
rates, a decline in bulk oil sales and heightened competition, ate
into the bottom line.