Archer Daniels Midland
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The upbeat response to the most recent announcement concerning the sustainability of palm oil owes little to such cultural pre-programming or seasonal hyperbole. The commitment to the sustainable production and sourcing of palm oil made by Wilmar International is, quite simply, extremely good news, writes Ben Cooper.
Reports emerged earlier this month that US agribusiness giant Cargill is exploring the possibility of buying Archer Daniels Midland's (ADM) cocoa business. While not confirmed, such a purchase would create a global giant in the sector. Michelle Russell takes a closer look.
Cadbury owner Mondelez International has pledged US$400m to try to improve the lives of cocoa farmers and, crucially, help shore up future supplies of the commodity. The investment is the latest by a number of suppliers and, while their work should be welcomed, the use of child labour in cocoa farming remains a tough nut to crack.
US agribusiness giant Bunge expects to be an active player in a process of consolidation in grain markets after recent volatility and crop failures in the sector.
As one of the largest traders of agricultural raw materials in the world, Archer Daniels Midland is probably a direct or indirect link in more food supply chains than it is possible to quantify. Global sustainability director Timothy Venverloh explains how ADM is setting about making its business and those of the companies it supplies more sustainable.
Investor and media attention may often focus on growing fashion retail chain Primark but owner Associated British Foods has an extensive grocery business in markets like the UK, the US and Australia. In this month's just-food interview, Dean Best spoke to ABF finance director John Bason about the recent changes within the group's grocery division, its performance and the prospect of having to face rising commodity costs.
Nestle, Unilever and Kellogg are among the companies that are contributing to child labour and human rights abuses, Amnesty International has claimed in a report published today (30 November).
Archer Daniels Midland, the US-based agribusiness giant, has acquired local pasta manufacturer Caterina Foods.
M&A was once more a focus on just-food as consolidation of the food sector continued. US natural and organic food group Annie's was snapped up by General Mills.
A lawsuit alleging Nestle, Cargill and Archer Daniels Midland "aided and abetted" child slavery in Cote d'Ivoire can proceed after an intervention by an appeals court in the US.
Archer Daniels Midland's failed bid to buy Australian agribusiness GrainCorp hit the US giant's fourth-quarter earnings but the company claimed "a strong finish" to 2013 with operating profit up.
Archer Daniels Midland is to pay US$54m to settle cases of bribery at a subsidiary in Ukraine.
Our discussion of Whole Foods' battle to see off newly-listed rivals Sprouts Farmers Market and Fairway, Unilever's ongoing moves to rationalise its portfolio, the impact Chinese demand was having on global infant formula supplies and the continued M&A in the sector were among the most popular analysis articles on just-food this year.
GrainCorp CEO Alison Watkins has decided to leave GrainCorp after Archer Daniels Midland's bid to buy the Australian grain merchant was blocked - and she has accepted a job at the parent of canned foods group SPC Ardmona.
A change at the top of the world's largest retailer grabbed the headlines this week. Doug McMillon, the head of Wal-Mart's overseas business, is to be promoted to become the US retail giant's CEO. Elsewhere, there was a raft of M&A stories. Murray Goulburn made what is so far the highest bid for Australian dairy Murrau Goulburn, Associated British Foods lodged an interest in UK rice brand Tilda and Premier Foods is in talks with private equity over investment in its bread arm.
The battle for Warrnambool Cheese and Butter Factory continued this week, with the latest twist coming from Australian dairy co-op Murray Goulburn, which increased its offer for the company.
Australia has blocked Archer Daniels Midland's bid to buy local agribusiness GrainCorp.
Archer Daniels Midland has revealed a raft of commitments, including infrastructure investment, in a bid to secure approval for its proposed acquisition of Australian firm GrainCorp.
A group of Australian MPs have joined forces to oppose the takeover of GrainCorp by US agribusiness giant Archer Daniels Midland.
Archer Daniels Midland has booked an increase in net earnings during the first nine months of the year, despite pressure on operating profit, thanks to lower one-time charges
US agribusiness giant Cargill is reported to be close to securing a deal to acquire Archer Daniels Midland's cocoa business.
Archer Daniels Midland has booked a drop in first-half earnings on higher costs and an increased provision set aside to settle a bribery investigation being carried out by US authorities.
China has once more dominated the headlines, as we brought you coverage of our recent trip to the country where we were given the opportunity to meet with Nestle CEO Paul Bulcke.
The story of the week centred around China's probe into the alleged fixing of infant formula prices in China, an investigation that has taken in the likes of Nestle and Danone. Elsewhere, consumer goods giant PZ Cussons has decided to move further into food with its acquisition of Australian baby food business Rafferty's Garden. And our latest executive interviews included Australian free-from business Freedom Foods Group and UK baker Finsbury Food Group.
Last week saw just-food following China's investigation into the alleged fixing of infant formula prices, which has involved Danone, Nestle and Mead Johnson. We also spoke with a number of company executives about their growth plans including the MD of Australia-based Freedom Foods Group, Rory McLeod, who outlined the company's plans and explained why gluten-free needs to focus more on taste. We also spoke with Finsbury Foods CEO John Duffy about the potential the company sees in bread. Elsewhere, Ocado released its first-half results and FMCG giant PZ Cuzzons struck a surprise deal to buy Australian baby food business Rafferty's Garden.
B2B chocolate giant Barry Callebaut today (4 July) reported an 8% increase in sales volumes for the first nine months of its financial year, with growth, it said, across all regions.
US agribusiness giant Cargill has remained coy over reports it is exploring the possibility of buying Archer Daniels Midland's cocoa business.
The leading story this week was clear: the UK's announcement of what the new front-of-pack nutrition label will look like and crucially, which companies have signed up - and which haven't. The Australian government also put forward plans for a front-of-pack label, although the country's food industry was less than happy. Elsewhere, M&A dominated, with Archer Daniels Midland admitting it was in talks to sell its cocoa business, Chinese dairy giant Mengniu looking to buy local infant formula firm Yashili and Campbell Soup Co. making another acquisition outside the soup sector.
Cargill's move to buy Archer Daniels Midland's chocolate business has cleared its last regulatory hurdle after clearance from the European Commission. But Brussels has asked Cargill to offload part of the assets.
The European Commission is launching an in-depth investigation into Cargill's US$440m purchase of Archer Daniels Midland's chocolate manufacturing business.
This report analyzes the worldwide markets for Food Additives in US$ Million by the following Product Segments: Acidulants, Sweeteners, Vitamins & Minerals, Colorants (Natural, & Synthetic), Flavors/F...
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