Unilever profits slump in tough third quarter
Food manufacturer Unilever has reported a 20 per cent decrease in
third quarter pre-tax profit of 1.12bn, despite bucking the trend
in the European market.
Symrise explores cheaper alternatives in bitter-maskers
Scientists at Symrise have reported the potential of benzyl amides
as potential bitter-masking compounds for food and drink, research
that may lead to cheaper alternatives for food scientists and
Krones sales growth points to health of beverage sector
Despite an ongoing price war among beverage filling and packaging
manufacturers, Krones managed to increase its sales by 12.1 per
cent in the first half of 2006.
Plastic recycling boosted by legislative targets
Driven by tougher waste legislation and set EU targets, the
recovery of plastics in the bloc is growing steadily, according to
a new report by Applied Market Information (AMI).
PET recycling rates increase across EU
European post-consumer polyethylene terephthalate (PET) collection
recycling rates reached 796,000 tonnes in 2005, a 15.1 per cent
increase over the previous year, according to a trade association.
Coffee supplies forecast to recover this year
World coffee production over the next year will rise by nearly ten
per cent, or nearly 11 million bags, over the previous year,
fuelling a rising demand for the brew, according to a forecast
Ireland dairy and beef supplies forge into EU markets
After achieving record exports in 2005, the Ireland's dairy and
beef industry is expected to remain as an important source of
supplies to the EU market, according to a government report.
Nestlé confident that food prices will stabilise
Nestle doesn't expect raw material prices to rise further this
year, despite a recent FAO report that forecasts an increase of
over 2 per cent in the world food import bill in 2006.
Nestlé outperforms in Q1
Swiss food giant Nestlé has announced a first-quarter sales rise of
14.1 per cent to CHF22.8bn (€14.5bn), beating analyst expectations
and reconfirming its full-year target of a five to six per cent
Kraft's tax rebate strengthens finances
Kraft Foods has recorded stable first quarter results, masking
falling operating income with a favourable tax settlement and
raising prices to combat spiralling production costs.
Danone: strong results despite testing market conditions
Danone has ridden out difficult market conditions to report strong
full-year earnings and improved margins.
Cost cuts to balance high input prices, Nestlé says
Prices for raw materials and energy are forecast to rise by around
five to 10 per cent this year, but Nestlé believes cost cuts will
balance the equation out, the company's chief executive said
Signs of hope for troubled Barry Callebaut
Troubled chocolate maker Barry Callebaut has increased sales
volumes during its financial first quarter, but the growth has
meant a tumble in profit margin.
Fake food, drinks seizures in EU rise by 200%
The amount of fake food and drinks entering the EU grew by 200 per
cent last year, with the higher quality of counterfeits making
detection more difficult, the bloc's administrative arm said this
EU's anti-GM stance is unsustainable, says study
Europe's opposition to genetically modified ingredients will
significantly increase producers' costs over the next three years
as it becomes ever harder to secure GM-free supplies, says a new