Archives for January 27, 2004

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Russian sugar market fights recession

A large proportion of Russian sugar processors have experienced recession over the last year - so says a survey of leading industry figures. However, the abolition of import taxes on imported raw sugar might make things easier in the year ahead.

Parmalat debt reaches €14 billion

Italian food group Parmalat said on Monday that it had a net debt of €14.3 billion ($17.6 billion) in September 2003, almost eight times the figure given by former managers of the troubled group.

Arla launches cheaper milk range in Denmark

Arla Foods has released a new cheaper milk range that will be sold in Denmark. The launch of the new product is to counteract Aldi's recent price cuts in dairy products.

$5 million in new ice cream tech for diet market

Millions of dollars in investment poured into a new technology may pay off for US food manufacturer Dreyer's Grand Ice Cream Holdings. Targeting the low-fat market, the company said that it has developed a revolutionary "slow churned" method of making...