Kellogg, the world's largest cereal producer, has had a solid 18 months, managing to grow profits despite surging commodity costs, while also expanding in emerging markets. However, the US group has had issues in Australia, where intense competition hit profits last year. Now, with the acquisition of Specialty Cereals, a local natural cereals business, the company believes the future is looking up. Dean Best spoke to Kellogg Australia CFO Peter Goldsworthy for this month's just-food interview.