The European Milk Board (EMB), responding to French President Emmanuel Macron’s announcement that the milk price will be determined by production costs, has released data from a study it commissioned to look at farmer’s costs to produce milk.
Dean Foods saw its gross profit drop 8% year-over-year to $1.8bn, driven primarily by a 6% decrease in reported volumes and higher mix of private label products, which the company intends to turn around with an enterprise-wide cost productivity program.
Product rejection and recall costs have the potential to run into the millions. Simply striving to drive up the quality and safety of finished products can reduce, or even avert, these unwanted additional outgoings, dairy processor FrieslandCampina told...
GEA said continuing strong demand for food processing technology meant it was “satisfied” with performance in the first quarter of 2012 even as one-off integration costs for its food solutions unit were largely responsible for its year-on-year operating...
Rising costs and shrinking supply of sugar molasses are driving up
the cost of yeast extract production, says Bio Springer, which is
today announcing a double digit price increase for its extracts as
of next year.
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
Kraft Foods has confirmed that it is increasing prices of many of
its products in the United States by an average of 3.9 per cent
because of rising energy and packaging costs caused by higher
global oil prices.
Dairy Farmers of Britain (DFOB), one of the UK's largest milk
processors, announced last week that it is to increase the price it
pays farmers for their milk, with a number of major processors
likely to follow suit. But will...
EU fruit and vegetable canners are concerned that major European
steel producing companies such as Arcelor, Corus, Rasselsein and
US-steel could be about to increase steel prices by 20 to 30 per
cent. Anthony Fletcher reports.