Top stories on just-food this week
The twists and turns of the ongoing peanut butter salmonella scandal in the US caught your attention this week. With the number of illnesses rising and the product recall widening, it remains a tense situation for those manufacturers and retailers caught up in the scare. Elsewhere, US chocolate giant Hershey booked some improving annual results - although confectioners of all sizes will be wary of spiralling cocoa prices.
These were the top ten stories on just-food this week.
US: Peanut butter recall now takes in peanuts
The peanut butter salmonella outbreak in the US has been widened to all peanut and peanut products produced since the start of 2007 at the Georgia plant at the centre of the scandal.
(For the latest in this ongoing saga, visit our pages dedicated to the outbreak).
US: Hershey sees profits beat expectations
Hershey, the US chocolate giant, said today (27 January) that its quarterly profits had beaten expectations as higher marketing spending and price increases boosted sales.
(Is the economic downturn hurting premium chocolate? Read Hershey CEO Dave West's thoughts in the just-food blog).
WORLD: Rising cocoa prices to hit chocolate makers
Soaring cocoa prices are likely to take their toll on chocolate companies, the International Cocoa Organisation (ICCO) has warned.
US: Kraft, Frito-Lay buyers to plead guilty in bribery case
Buyers for Kraft Foods and PepsiCo's Frito-Lay have admitted accepting bribes in return for awarding supply contracts to tomato company SK Foods.
Food companies eye potential down Mexico way
While Mexico may not receive the attention of larger emerging markets such as China and India, according to a new report from just-food, the Mexican packaged food market is set to expand at a compound annual growth rate of 7.5% between 2008 and 2013. Ben Cooper reports.
just the answer - Stephen Heslop, The Real Good Food Company
UK bakery and ingredients group The Real Good Food Company, a supplier to the country's major multiples and manufacturers, is in a period of transition. In this month's just the answer, CEO Stephen Heslop spoke with Dean Best about these changes and the outlook for the company.
FRANCE: Milk co-ops to merge
Three French co-operatives, Even, Terrena and Coopagri Bretagne, have announced the merger of their milk production activities.
UK: Food retail resilient in recession - survey
Food will be one of the fastest-growing retail sectors in the UK in 2009, according to a research report by Verdict.
AUS: Grocery sales growth cheers Woolworths
Woolworths Ltd, Australia's largest food retailer, has posted an 8.8% rise in half-year revenue, boosted by faster sales growth from its domestic grocery business during the second quarter.
To the delight of the more socially-aware chocoholics in the UK, Cadbury yesterday (22 July) revealed it had started production of Fairtrade Dairy Milk....
The Real Good Food Company, the UK bakery manufacturer, said today that "some stability" had returned to the market after a long period of "very challenging" conditions....
Hershey CEO Dave West today (23 July) acknowledged the US confectioner's past mistakes in the premium chocolate category but insisted the business was ready for when demand for upmarket lines returns....
US confectioner Hershey today (23 July) upped its full-year sales and earnings forecasts after seeing second-quarter revenues climb almost 6%....
US food giant Kraft Foods has expanded its Oscar Mayer brand to include four additional varieties of its shaved meats line....
The CIAA, the body representing the European food and drink sector, said today (16 July) that it had appointed its first president to come from the SME sector....
Kraft Foods Russia has indicated that it intends to spur growth in the market by investing in innovation....
While the "turmoil" witnessed by the dairy market has left "little room" for major consolidation initiatives over the past 12-months, the coming year is expected to see an uplift in M&A activity, a Ra...
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- Premier Foods issues profit warning
- UK's Bakkavor plays down IPO "speculation"
- Kellogg to slash 250 jobs
- Mondelez sells Vegemite to Bega
- Nestle mum on Mead Johnson takeover talk