Analyst: Wheat price surge could ratchet up costs at Premier Foods by £8-10m in fourth quarter
The recent surge in wheat prices could crank up costs at Premier Foods by £8-10m in the fourth quarter, according to Investec Securities.
Archives for August 16, 2010
ADM, Cargill et al stand to benefit from Russian grain ban
The Russian ban on grain exports will boost profits at ADM, Cargill and Viterra in the coming months, according to credit ratings agency Moody’s.
Senomyx and PepsiCo collaborate on sweetness enhancement
California-based flavor firm Senomyx has entered into a four-year partnership with PepsiCo in order to develop sweetness enhancers and natural high-intensity sweeteners for new PepsiCo products.
Protein mix could increase emulsion stability
New research suggests that mixing different protein emulsifiers could create more stable emulsions – reducing the need for surfactants.
Hedging on Russian wheat may mean EU bakery price hikes, economist
A leading economist says that industry sources and analysts predicting the Russian wheat export ban will have little impact on EU food prices are “naïve”, and overlook the fact that major futures contracts for Russian wheat are now worthless.
Raisio glows as Glisten boosts net sales
Raisio is reaping the rewards of buying British snack brand Glisten with a 22 per cent increase in net sales in H1; with a new growth phase now underway, more acquisitions could be on the horizon.
Foreign investment helps drive Indian food processing sector
Direct foreign investment in the Indian food processing industry rocketed 175 per cent during 2009-10 to reach $279.33m and now plays an important role in developing the sector, according to the national government.