Danone ups guidance for 2011 but warns of commodity price hike
Danone has upped its sales revenue guidance for 2011, encouraged by a positive pricing performance in the last quarter. But the French dairy giant warned of a 6-9 per cent hike in raw material costs.
Unilever has beat analysts' expectations with a 5.1% rise in underlying sales in the fourth quarter, but said operating margins were dented by commodity price hikes.
Drought in New Zealand and continued strong buying from Russia and China are expected to keep international dairy commodity prices buoyant in early 2011, according to Rabobank.
Commodities to rise but you’ll cope, analyst tells industry
European food manufacturers will experience commodity inflation in the second half of 2010 but it will be more manageable than it has been in the past, predicts an analyst.
FrieslandCampina moves away from commodities
Multinational dairy company FrieslandCampina has revealed its strategy for the coming decade in which it plans to expand globally and shift its focus to three specialised product categories.
Functionality belying whey commodity concerns - analyst
Demand for whey-derived functional food and drinks claiming nutritional benefits remains undimmed despite an overall fall in sales last year for the dairy commodity, says an industry analyst.
Fonterra develops online trading for dairy commodities
Fonterra is launching a new online sales channel for its dairy
commodities which will allow it to respond more quickly to price
changes - and may spur the development of an international dairy
futures or derivatives market.
Dairy commodity prices climb sharply
Dairy commodity costs have surged in the space of just one month to
cap off huge rises in the prices being paid out by processors over
the last year, according to recently published data by DIN
Nestle weathers commodities storm, sales rise 7%
Nestle yesterday reported organic sales rose by seven per cent in
the first nine months of this year, with the company successfully
managing to offset rising raw material costs by hiking prices.
Dairy groups look to organic in commodities panic
Special edition: Food prices
While conventional dairy processors continue to fret over
increasing prices for milk powder and other ingredients, a leading
US organic group believes that current conditions in the
commodities market will continue to boost industry...
Energy, commodity price pressures to ease says S&P
A lesser increase in prices of energy and commodities compared with
2006 will ease the pressure on processors, according to a new
report by Standard and Poor's.
Strong commodities market aids Fonterra
Fonterra, New Zealand's largest dairy co-operative, predicted world
commodity prices would continue rebounding strongly over the next
few months as supply and demand tightened.
EU plots path out of commodities
The current supply glut on the EU butter market will be solved by
more producers leaving the sector, says a Commission report, again
predicting a move away from commodities across the bloc.
UK dairy sector still hooked on commodities
Britain's dairy trade deficit grew again in 2005, highlighting that
the country is still too reliant on lower margin commodity goods,
leaving the domestic market exposed to foreign competition.
Commodity outlook for 2005
The FAO's predictions concerning commodity costs and production
show sustained high prices for milk and growing sugar consumption
in the developing world.