Mondelēz International may need to aim for a “lesser but still important” confectioner, such as Ferrero, to compete in the US confectionery space after ending its pursuit of Hershey, says Mintel.
European confectionery manufacturers must break the bank for hygienically designed processing equipment or risk paying the price for a damaging product recall, says Hosokawa.
Fair Trade USA and UTZ Certified are piloting a collaborative cocoa certification scheme that they say will reduce costs for farmers looking to get dual certification.
Dispatches from State of the Industry Conference in Miami
Chocolate makers are well prepared for current cocoa deficit forecasts and will only be forced to raise prices if other inputs such transportation become costlier along with cocoa, according to the National Confectioners Association (NCA).
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...
Chocolate giant Hershey will experience improved sales and flat profit margins in 2012 and will seek out acquisitions in international markets, according to credit agency Standard & Poor’s (S&P).
Inflated US sugar prices are threatening jobs throughout the country’s confectionery industry, warned the National Confectioners Association (NCA) in a letter to the US Department of Agriculture.
Germany experienced a “significant increase“ in turnover for aluminium packaging across food, cosmetics and pharmaceuticals in 2010 as the sector continued its post-recession revival, said the national trade body.
Are health claims dossiers really that expensive, and has the ‘wait and see’ approach to submitting dossiers won? Stephen Daniells speaks to Joerg Gruenwald, PhD, President of Analyze & Realize, about how much it costs to compile a dossier, and why...
Meeting growing demand for premium chocolate packed in carton, Netherland's Lareka launches a new double stage tablet packer with a price tag in reach of small and medium-sized businesses.
After two years of spiralling upward costs, an easing in soft commodity prices across the board could reduce manufacturing input costs for confectioners.
Hershey has raised its wholesale prices for chocolate bars by 11 per cent, but analysts say sales are unlikely to be substantially affected by such increases.
Confectionery manufacturers are facing increasing cost pressures as cocoa prices reach their highest in over 20 years as cocoa futures prices soared by 3 per cent.
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.
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.
Tough trading conditions in the confectionery industry have forced
UK group, Lees Foods, to look at ways of diversifying -
highlighting the tactics smaller sweet makers must adopt to ensure
their survival in an increasingly competitive...
The chairman of Kraft Foods, the world's second biggest food
company, Roger Deromedi, has launched an attack on EU and US trade
barriers that are driving up the price of commodity ingredients
such as sugar and coffee.
Food and beverage firms making premium products will cope best with
the current surge in price of both Chinese and imported sugar, with
higher margins to cover the rise in costs.
Thousands of confectionery industry jobs have been lost as a result
of manufacturers relocating due to high sugar prices, according to
the US Department of Commerce.
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.
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.
Tate & Lyle's European food and industrial ingredients division
proposed increase of 10 to 15 per cent on new contracts for certain
products highlights again the impact of rocketing energy prices on
the ingredients market.
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.
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.
Northern Foods is to close two of its UK factories with the loss of
1,000 jobs in an attempt to drive down costs as it struggles
against rising raw material bills and price squeezes from
supermarkets.
Northern Foods is facing the possibility of a rapid decline in its
biscuit profit margins as its main customers - the British
supermarket groups - seek to cut costs. The company must now decide
whether to invest in new products, or...
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.
