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.
NiceLabel, a developer of label and marking productivity software solutions, recently worked with Arla Foods to standardize its label management for all of its industrial printers.
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...
Food giant Unilever saw net profits grow 10% to €2.235bn in the first half of 2011, with its brand equity allowing it to weather severe raw materials price hikes in some cases.
Tetra Pak has claimed that its Operational Cost Reduction (OCR) programme for dairy and juice firms cuts the cost of running a packaging line by an average of 12 per cent.
Irish food firm Glanbia has announced that it is cutting 50 jobs from its Consumer Foods division, so as to reduce costs and cope better with the tough economic environment.
Rising food prices are not a short-term problem so food
manufacturers must adapt accordingly, making wise strategic
choices, strengthening innovation and streamlining operations, says
a new report.
Consumers look likely to bear the brunt of further hikes in milk
prices, as Glanbia consumer foods boss Colin Gordon warns that his
company can carry raw material costs no longer.
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.
FMC Biopolymer will again increase prices for its food ingredients
on the back of high energy and raw material costs, and the company
says it expects prices to continue rising.
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
yesterday.
Manufacturers in Britain are cutting more and more jobs as rising
raw material costs and difficulties passing these on through the
supply chain continue to squeeze profit margins, says a new report.
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.
Amcor, the world's largest producer of PET, is pushing for a third
round of price increases this year, while a report forecasts
polymer prices are set to hit new highs next month.
As a further sign that packing companies are about to hike prices
in a big way, two of the industry's associations have told
customers they should expect to pay more their products.
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...
Chinese consumption is a major factor behind potential steel price
increases in Europe, something that could hit food and beverage
packagers globally, writes Anthony Fletcher.
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.
Surging wheat prices are leading to some hard bargaining along the
supply chain over where the extra costs can and should be taken,
according to millers and bakers.
