India may ban food futures, reports
India is mulling a temporary ban on trading in food futures,
according to reports, as it looks at ways to mitigate the effect of
rising food prices on its population.
Montezuma starts shift to green packaging
British chocolatier Montezuma is one of the latest confectionery
companies to promote its green credentials by introducing recycled
and recyclable packaging.
News briefs: ADM, Hershey and Sweet China
In recent confectionery news, ADM reshuffles its management team,
Hershey launches a new premium line to try and boost its US market
share, and Sweet China reports a quarterly profit loss.
Nestle eyes Russia for European growth
Global food firm Nestle sees Russia as one of the most important
areas for future European growth, the company said today.
News briefs: Cocoa, Cadbury and Sweet China
In financial news this week, cocoa prices go up yet again, Cadbury
reveals more de-merger plans, and Sweet China is allowed to return
to the London stock market.
Indian chocolate demand fuels domestic cocoa increases
In response to rising demand in the chocolate industry and reduce
dependency on imports, Indian cocoa producers have said they will
increase domestic cocoa production by 60 per cent in the next four
Ritter bids farewell to Russia in foreign strategy shift
Alfred Ritter is moving production of its chocolate bars out of
Russia and back to Germany to use the same milk materials for
products sold the world over.
Barry Callebaut sets up shop in China
Swiss chocolatier Barry Callebaut will open a new Chinese
manufacturing plant near Shanghai later this month, a
company spokesperson today confirmed.
News briefs: Russian nuts, gum and Hershey
Nut manufacturers no longer face Russian import duties; a new gum
product is marketed at overall mouth health; and Hershey appoints a
new executive board.
Kraft denies Brazilian acquisition
Global food giant Kraft yesterday denied making a bid for Brazilian
poultry company Perdigao, despite a flurry of merger and
acquisition activity over the last year.
Nestle acquires Russian chocolate factory
Global food giant Nestle today announced the acquisition of
Ruzskaya Confectionery Factory (RKF), one of Russia's leading
Cargill steps up Brazilian chocolate production
US ingredients company Cargill today said it will increase cocoa
product operations at the Sao Paulo plant in Brazil, as rising
incomes in the country push up local demand for chocolate.
News briefs: Fairtrade, Salmonella and Ruza Russia
An Archbishop calls for consumers to buy Fairtrade chocolate, Fox
discovers Salmonella at a plant and Russian factory Ruza is
rumoured to be for sale.
Russia becomes a key market for Barry Callebaut
Barry Callebaut has highlighted Russia as a key target market in
Eastern Europe following the opening yesterday of its new chocolate
factory near Moscow.
News briefs: Wrigley, Hershey, China
More ConfectioneryNews.com stories, in a nutshell: Wrigley
strengthens European focus; Hershey enters credit agreement; and
further problems for Chinese products.