Latest Posts
Source:
Reuters
February 02 2012 --- Consumer goods group Unilever said 2012 will be a difficult year as growth in emerging markets, which accounts for more than half its business, slows and demand in Europe and North America stays flat at best.
The gloomy outlook sent shares in the Anglo-Dutch group sharply lower early on Thursday after it broadly matched 2011 sales growth and profit margin forecasts.
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posted @ Thursday, February 02, 2012 11:58 AM
Source:
Marfrig Alimentos S.A.
January 30 2012 --- Marfrig Alimentos S.A. hereby announces to its shareholders and the market in general that, after 38 years dedicated to the development of the poultry and pork industry in Brazil, five of them as head of the Poultry, Pork and Industrialized Products operations at the Marfrig Group in Brazil, Mayr Bonassi, 62, CEO of Seara Alimentos, has announced that he will retire at the end of 2012. In the meantime, Mayr will hand over the reins to his successor and serve as a member of the company's Advisory Committee. Mayr joined Marfrig Group to...
posted @ Monday, January 30, 2012 10:31 AM
Source:
Bloomberg
January 27 2012 --- PepsiCo Inc. (PEP) Chief Executive Officer Indra Nooyi has taken over a coconut-water company, acquired a dairy in Russia and spent millions on a philanthropic marketing campaign. Her next big investment has a more familiar name: Pepsi-Cola.
The world’s largest snack-food maker may boost the advertising and marketing budget for its namesake cola and other drinks by as much as $600 million, or 50 percent, to $1.7 billion when it announces the results of a yearlong business review Feb. 9, according to analysts surveyed by Bloomberg.
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posted @ Friday, January 27, 2012 2:41 PM
Source:
Reuters
January 27 2012 --- Canadian dairy products producer Saputo Inc is warning customers not to consume one of its milk products because it could be tainted with a cleaning solution.
Canada's biggest dairy producer said on Friday it is recalling Neilson Trutaste 2% Microfiltered Partly Skimmed Milk, sold in four liter bags, with a best-before date of February 12, 2012.
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posted @ Friday, January 27, 2012 2:37 PM
Source:
Reuters
January 27 2012 --- U.S. health regulators detained three shipments of Brazilian orange juice and six from Canada that tested positive for the fungicide carbendazim, which is illegal in the United States.
Two other Brazilian juice shipments tested positive for the fungicide, but the companies decided not to import the juice into the country, the U.S. Food and Drug Administration said on Friday.
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posted @ Friday, January 27, 2012 2:34 PM
Source:
The Guardian
Manufacturers of everything from stilton to smoked salmon hope to cash in on the chancellor's bid to expand UK export markets, helped by a new coalition initiative
January 27 2012 --- When the chancellor trumpeted his "march of the makers" as the means to pull the British economy out of the doldrums in last year's budget, he neglected to say that the makers would be carrying picnic baskets brimming with stilton, sausages and relish.
But today the Conservative agriculture and food minister, Jim Paice, will argue that the country's cheese and sausage-makers can help drive economic growth as he announces...
posted @ Friday, January 27, 2012 2:29 PM
Source:
Ingredients Network®
January 26 2012 --- Sara Lee Corp. plans to buy full ownership of the Senseo coffeemaker trademark from partner Royal Philips Electronics NV as the U.S. food producer prepares its coffee business for a spinoff.
Sara Lee will pay Philips 170 million euros ($223 million) for the 50 percent Philips currently owns in the Senseo trademark and Philips will be the exclusive Senseo coffee machine manufacturer and distributor until 2020, the companies said in joint statement today.
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posted @ Thursday, January 26, 2012 12:09 PM
Source:
The Wall Street Journal®
January 26 2012 --- Struggling French retailer Carrefour SA is in the home stretch of hiring clothing boss Georges Plassat to replace chief executive Lars Olofsson, according to people close to the situation.
Mr. Plassat could sign on to succeed Mr. Olofsson as early as next week, according to these people. Mr. Plassat is the head of French apparel group Vivarte SA, in which he is also a shareholder.
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posted @ Thursday, January 26, 2012 11:58 AM
Source:
Reuters
January 23 2012 --- The price of oranges soared to a record high Monday in early trading on speculation that Brazilian juice imports were facing a ban for using a fungicide that has been declared illegal in the United States.
The benchmark March FCOJ futures contract scaled a record peak at $2.2695 per lb, up nearly 8 percent on the day. A round of profit-taking then deflated the market and the contract was trading 6.35 cents up at $2.17 at 8:23 a.m. EST (1323 GMT).
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posted @ Monday, January 23, 2012 9:56 AM
Source:
Reuters
January 23 2012 --- Swiss group Barry Callebaut is to supply Unilever, the world's third-largest consumer goods group, with 70 percent of its global cocoa and chocolate needs.
Barry Callebaut, which already makes chocolate for groups such as Hershey (HSY.N) and Nestle (NESN.VX), will invest 22 million Swiss francs ($24 million) in its global factory network to boost capacity.
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posted @ Monday, January 23, 2012 9:53 AM
Source:
The Wall Street Journal
January 23 2012 --- Asda Stores Ltd, the U.K.'s second-largest grocer, said Monday it would invest £500 million ($779 million) to open 25 new stores and three new depots this year, shortly after market leader Tesco PLC said it would also spend millions on a major overhaul of its business after issuing its first profit warning in 20 years.
Asda, a unit of U.S. supermarkets giant Wal-Mart Stores Inc., said the investment would create 5,000 jobs. Asda will also refurbish a further 43 U.K. stores, the company said in a statement.
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posted @ Monday, January 23, 2012 9:50 AM
Source:
Bloomberg
January 20 2012 --- TreeHouse Foods Inc. (THS), the maker of McCann’s Irish Oatmeal spun off from Dean Foods Co. (DF) in 2005, fell the most in more than three years as preliminary earnings missed analysts’ estimates after consumers limited purchases.
TreeHouse dropped 13 percent to $54.80 at 11:47 a.m. in New York, after earlier falling 16 percent for the biggest intraday decline since Nov. 25, 2008. The shares gained 28 percent last year.
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posted @ Friday, January 20, 2012 2:11 PM
Source:
Reuters
January 20 2012 --- MOSCOW, Jan 20 (Reuters) - Russian grocer X5 Retail Group said on Friday fourth quarter like-for-like sales slumped 2 percent, underperforming a 6 percent rise for the full year, due to a tough market environment and the integration of the Kopeika acquisition.
Russian retailers have struggled in the second half of 2011 as customer numbers dipped and food inflation slowed, restricting the companies' ability to raise the prices of supermarket shelf products.
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posted @ Friday, January 20, 2012 2:07 PM
Source:
Reuters
January 20 2012 --- Hindustan Unilever (HUL) , India's largest consumer goods maker, said on Friday it will tie up with Anglo Dutch parent Unilever Plc to market and distribute hair styling product Brylcreem in India.
Brylcreem was sold by the U.S. food and drink maker Sara Lee Corp to consumer goods giant Unilever in 2009.
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posted @ Friday, January 20, 2012 2:04 PM
Source:
Reuters
January 20 2012 --- Orange juice prices rose the daily limit on Friday and near a record high, and were up 7 percent in the options market, amid speculation the United States may ban Brazilian juice imports which had used an illegal fungicide.
The U.S. Food and Drug Administration said on Friday some imported orange juice samples were tested to have safe levels of the fungicide carbendazim, but it made no mention of result of samples from Brazil, which accounts for about half of all U.S. imports.
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posted @ Friday, January 20, 2012 2:01 PM
Source:
Reuters
January 20 2012 --- Health regulators cleared more orange juice imports from five countries after testing for the fungicide carbendazim, but made no mention of samples from top grower Brazil, which accounts for half of U.S. juice imports.
The Food and Drug Administration said 19 of the 45 samples it had taken since testing began on January 4 were safe , but the remainder were "pending analysis and/or are under compliance review." A spokeswoman declined to specify where those samples originated, but traders said they feared many may be from Brazil, where carbendazim is widely used.
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posted @ Friday, January 20, 2012 1:57 PM
Source:
Reuters
January 20 2012 --- Germany should not increase imports of food to produce biofuels, because this could threaten the supply of food in developing countries, a report from a German government advisory body said on Friday.
"Even higher imports of agricultural commodities for bioenergy production should not be allowed to lead to an increase in world hunger," said Reinhard Huettl, chairman of the Bio Economic Council. "Securing food supplies must have priority over expansion of bioenergy."
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posted @ Friday, January 20, 2012 1:49 PM
Source:
Safeway
January 20 2012 --- Safeway announced today that Tom Keller, President of the company's Vons Division, will retire after more than 40 years of distinguished service in the food industry. He will leave his post on February 1. Gary Rocheleau, currently Vice President, Retail Merchandising Execution, will lead the Vons Division on an interim basis.
Mr. Keller has been President of Vons since 1999. He started his career at Safeway as a food clerk in the company's Phoenix Division. He rose through the retail ranks taking on a range of progressively more senior assignments in a number of geographies...
posted @ Friday, January 20, 2012 1:42 PM
Source:
East Coast Seafood, Inc.
January 20 2012 --- Michael Tourkistas, President & CEO of East Coast Seafood, Inc., is pleased to announce the acquisition of Seatrade International Co., Inc by East Coast Seafood's parent company, American Holdco, Inc. (AHI).
East Coast Seafood, who sells live and frozen lobster and seafood throughout the United States, Europe and Asia, recently celebrated a 30 year anniversary. The company's headquarters are in the greater Boston area of Massachusetts with direct distribution offices throughout Europe. AHI owns and operates several additional subsidiaries including: Paturel International Company, with processing facilities in New Brunswick and Nova...
posted @ Friday, January 20, 2012 1:40 PM
Source:
Associated British Foods Plc
January 19 2012 --- Associated British Foods Plc on Thursday said its revenues for the 16 weeks ended January 7 increased 12 percent, thanks to exceptional sales performance mainly from its sugar division and its retail division Primark. The British food retailer added that its trading performance for the period were in line with expectations. Looking ahead, the company expects growth in sales and adjusted operating profit for the full-year.
In its interim management statement, the company noted that revenues from Sugar division climbed 21 percent from last year, with higher regional sugar prices, particularly in Europe....
posted @ Thursday, January 19, 2012 1:42 PM
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