Editor's choice: the highlights on just-food last week

By Dean Best | 30 July 2012

A number of food multinationals last week reported first-half results. Highlights among them were Hershey's belief the US confectionery sector was at a new, elevated level of growth, while Mead Johnson, the infant formula firm, cut its sales forecast on slower growth in China. Elsewhere, UK dairy companies shelved plans to cut the price they pay farmers for milk and the US drought caused fears for inflation next year.

On the money: US candy category at "new normal" - Hershey
Hershey president and CEO J.P. Bilbrey has claimed the US confectionery category has reached a "new normal" of growth after the company lifted its forecast for annual profits.

US: Mead Johnson cuts outlook on China slowdown
US infant formula group Mead Johnson has lowered its full-year sales outlook, citing a slowdown in Chinese demand.

On the money: Polman demands more from Unilever food
Unilever CEO Paul Polman today (26 July) called on the company's food business to improve further after reporting an up-and-down first half of the year.

What the analysts say: Danone H1 results
Danone reported its half-year results today (27 July), just six weeks after it issued a profit warning for 2012. What did leading industry analysts make of the French food giant's results?

US: 2013 inflation risk from drought - USDA
The worst drought in the US for 50 years could push up food prices into 2013, government officials have said.

UK processors give ground on milk prices
There are signs the country's dairy processors have relented on plans to cut milk prices on 1 August amid days of protests from farmers.

FRANCE: Poultry firm Doux receives "dozen" takeover bids
French poultry giant Groupe Doux, which is in administration, has attracted "around a dozen" takeover bids, just-food understands.

BRICs and beyond: South-South the new direction for Fairtrade
Having seen strong and resilient growth in established developed markets, the Fairtrade movement is increasingly turning its attention to 'South-to-South' trade. Ben Cooper reports.

The just-food interview - PepsiCo, Strauss JV Obela
PepsiCo and Strauss Group have taken their Sabra dips and spreads business outside North America for the first time. The companies have launched the Obela brand in Mexico and, in this month's just-food interview, Michelle Russell catches up with Obela chief executive Giora Bar Dea to discuss the plans for the brand and its potential for international expansion.

CHINA: Cold chain "undermining food safety"
Weaknesses in China's cold chain are undermining its already weak food safety standards, a senior industry executive has warned.

Sectors: Baby food, Bakery, Canned food, Cereal, Chilled foods, Commodities & ingredients, Condiments, dressings & sauces, Confectionery, Dairy, Dried foods, Emerging markets, Financials, Food safety, Fresh produce, Frozen, Health & wellness, Ice cream, Meat & poultry, Mergers & acquisitions, Natural & organic, NPD & innovation, Private label, Retail, Seafood, Snacks, Sustainability & the environment, World foods

Companies: Hershey, Mead Johnson, Unilever, Danone, PepsiCo, Groupe Doux, Strauss Group

View next/previous articles

Currently reading -

Quote, unquote: just-food's week in words

Currently reading -

Editor's choice: the highlights on just-food last week

There are currently no comments on this article

Be the first to comment on this article

Related research

Unilever: Proving that sustainability and profitability can coexist

Unilever is one of the world’s leading consumer goods companies. Recently it has added an additional focus to its operations, promoting sustainability within its business model. It has implemented major changes in terms of its research and developmen...

Related articles

Editor's choice: the highlights on just-food this week

This week saw the debate around the food industry's role in the obesity epidemic come to the fore once again, as the UK Government warned that the industry must do more or face the possibility of legislation. The inauguration of Barack Obama for his second term in office gave us a timely opportunity to look at what has been achieved under his administration - and what could be in store for US food makers. Meanwhile, news that Christine Tacon has been named UK Groceries Code Adjudicator put supply chain relationships firmly in the spotlight. We were able to delve a little deeper into Tacon's take on the subject when we interviewed her shortly after her appointment.

Quote, unquote: just-food's week in words

just-food managed to secure a number of key interviews with leading industry figures this week, including that of the new Groceries Code Adjudicator, Christine Tacon, who outlined her new role and the challenges she might face. Other interviews included Warburton's free-from director Chris Hook Plum Organics CEO Neil Grimmer who told just-food about the firm's recent acquisition of Plum UK. Elsewhere, Unilever CEO Paul Polman told of his disappointment at the performance of its food division last year and the horsemeat scandal rumbled on.

On the money: Unilever eyes gross margin improvement for food

Unilever has said it expected its food business to have performed better in 2012 and said innovation will be an important source of gross margin improvement in the division in the new financial year.

Welcome to the home of food information, insight & intelligence

Not a member? Join here

Decrease font sizeDecrease font sizeDecrease font size Increase font sizeIncrease font sizeIncrease font size Comment on this article Email this to a friend Print this page