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.
There’s nothing like a shortage of wheat to send some news media searching for superlatives. Talk of “soaring” wheat prices and “rocketing” bread prices were common, in the British press, after Russia decided to temporarily ban grain exports earlier this...
French dairy farmers and processors have agreed to a 10 per cent increase in the price of milk for 2010 and have signed a pact to keep prices closer in line with competitor countries.
Prices at the Fonterra globalDairyTrade auction have fallen sharply for the second month running, prompting the dairy to warn farmers of a lower than forecast payout.
As Danone’s share price continues to fall three days after its half year results were released, the company cites several potential reasons for the dip but insists that health claims uncertainty is not among them.
As supply increases from producers in the Southern hemisphere and demand growth slows the currently high global dairy prices are expected to ease somewhat, according to market analysts.
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.
The EU Commission has agreed to start releasing intervention stocks of butter and skimmed milk powder (SMP) sparking some concern that the price recovery could be jeopardised.
Please: A big round of applause for Jozsef Kapuvári. Who? You might well ask. Kapuvári is the author of an EU report that highlights the importance of realistic food prices – not just to underpin the food supply chain but to maintain the fabric of European...
Glanbia is revising its 2010 earnings per share guidance upwards as figures from the dairy ingredients business improve with the recovery in global dairy prices.
A long-running investigation into price fixing in the UK dairy market appears to have run its course as allegations are dropped and fines levied at leading processors and supermarkets are reduced.
International dairy prices now stand in “a more comfortable range” but a spike in EU production this spring could spark another major fall, according to Rabobank.
Fonterra has claimed that ingredients prices are recovering and market confidence is returning as a group of US senators accuse the New Zealand-based co-op of holding a virtual monopoly of key internationally traded dairy commodities.
Amcor has dismissed claims that it should pay hundreds of millions of dollars in damages over allegations it took part in a packaging price fixing cartel.
The recession has not dented the will of consumers to pay price premiums for products that deliver digestive, bone and other benefits, according to European consumer research conducted by global inulin and oligofructose leader, Beneo-Orafti.
International dairy prices are up 82 per cent from the lows of February, sparking speculation about another big price spike, according to the Food and Agriculture Organisation (FAO).
Low prices for locust bean gum could lead to future supply issues, says a hydrocolloids expert, as present returns on pods do not make the harvest worthwhile for growers.
There’s a perfect storm building for food prices. You don’t have to scan the horizon to see the signs; the clouds are developing all around us - at a faster rate than anyone expected.
The newly merged dairy co-op Royal FrieslandCampina has reported a sharp decline in the profitability of its ingredients business, as selling prices plummet.
As protests continue around Europe from dairy farmers concerned about covering their costs in the current market, French producers appear to have succeeded in speeding up government scrutiny of supermarket pay practices, according to reports.
A UK cooperative representing 10 per cent of the country’s supply chain has fallen victim to wider uncertainty gripping the European market after going into receivership this week.
British retailers are facing calls to increase support for the country’s dairy farming sector amidst wider European concerns about the role of stores in maintaining a profitable milk supply.
Fonterra says it has recorded a second consecutive monthly rise in the prices being paid to its member farmers for their milk, reflecting possible stabilisation in the supply chain.
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.
Danone’s financial outlook implies tough times may be ahead for dairy producers, with the company facing stagnant organic sales value growth despite some resurgent demand, suggest analysts.
A leading European dairy cooperative has announced it will return prices paid to its farmer members to rates similar to before surging values recorded in mid-2007, risking further wrath from concerned farmers in the bloc.
A leading US dairy cooperative hopes to close the book on allegations of price fixing by agreeing a multi million-dollar settlement that it says is not an admission of guilt or innocence.
Volatile dairy prices are likely to continue in the mid term at least, New Zealand Fonterra has warned, signaling a need for on-going margin vigilance for food makers using dairy derivatives.
‘Significant changes’ are required in the approach of European politicians and dairy industries to milk pricing, says the head of the European Dairy Association (EDA).
While the availability of whey and lactose products continue to climb during 2008, price volatility has managed to hamper hikes in profitability of the segment as manufacturers hunt for cheaper ingredients, says a new report.
A barrage of tractors have descended upon the latest meeting of EU agriculture ministers to drive home dairy farmers’ calls for what they claim are the basic conditions required to ensure a ‘fair’ price for their products.
UK competition authority, the Office of Fair Trading, says it will not be taking action against six Scotland-based dairy companies accused of engaging in price fixing.
UK supermarket Tesco has announced that it is drastically reducing the price of organic produce by up to 25 per cent, in response to feedback from consumers who are feeling the effects of the credit crunch.
Israeli phospholipids specialist Enzymotec has debuted a modified
krill oil it will sell at a "significantly lower price" to its
existing high-grade version.
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 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
Consultancy.
While the world's media is bemoaning rising food prices, the French
government is sniffing around the food industry for signs of
gleeful profiteering. If it is right, the long-term losses of the
nouveau cher will be far greater...
Dairy group Lactalis McLelland will face a reduced financial
penalty from the Office of Fair Trading (OFT) after accepting
responsibility for its role in the alleged price fixing of
cheeses in the UK.
Cosucra Groupe Warcoing is seeking to press home the message that
pea protein can be used in place of milk protein, reflecting a
trend that has picked up speed in the ingredients sector in the
light of high dairy prices.
Vivartia is bearing the brunt of a further round of fines imposed
by Greece's competition regulator on a number of the country's
leading dairy processors and retailers for their part in alleged
anti-competitive practices.
A number of UK-based retailers and dairy processors have admitted
involvement in alleged dairy price fixing for powdered milk, butter
and cheese, resulting in combined fines of about £116m (€161m).
European dairy giants Nestle and Vivartia are among a number of
companies facing fines imposed by the Greek competition authority
for allegedly fixing dairy prices in the country, press reports
have said.
Russian milk production remains well below the country's output
targets for 2007, ensuring continued price hikes for the product on
the back of increasing global demand, according to the US
Department of Agriculture.