The melamine scandal continues to be a hot topic in this week’s news as Heinz puts a stop to the use of Chinese milk, Cadbury is forced to recall 11 products and Unilever recalls a contaminated batch of Lipton-branded tea powders.
Go deeper with GlobalData
Elsewhere, rising fuel and commodity prices continue to hit companies hard as Dairy Crest is forced to cut 200 jobs in a bid to reduce costs. And in our latest just-food interview, Kellogg Australia CFO Peter Goldsworthy told us how the cereal giant is looking to recover in one of its problem markets.
These are the top ten stories on just-food this week:
CHINA: Cadbury recalls products in melamine scandal
Cadbury has recalled 11 products made in China and distributed to Hong Kong, Taiwan and Australia, the confectioner told just-food today (29 September).
HONG KONG: Unilever in melamine scare
Unilever has become the latest food group to be caught up in China’s melamine scandal with the recall of a batch of Lipton-branded tea powders.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataCHINA: Heinz rejects Chinese milk
Heinz has said that it will stop using Chinese milk following the discovery of traces of melamine in a baby food brand on sale in Hong Kong.
UPDATE: UK: Dairy Crest to cut over 200 jobs
Dairy Crest today (30 September) confirmed that it intends to axe jobs in a bid to reduce costs and increase efficiency.
US: Smithfield quashes credit rumours
Smithfield Foods has moved to reassure investors that it is in compliance with its debt covenants and has adequate liquidity after its shares fell 21% on Friday.
The just-food interview – Peter Goldsworthy, Kellogg
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.
US: Food crisis down to “poor judgement” – Nestle chairman
Nestle chairman Peter Brabeck-Letmathe has attributed the global food crisis to “poor judgement” and “irresponsible decisions” made by policy makers around the world.
INDIA: Nestle to double Indian investment
Swiss food giant Nestlé has approved plans to double its investment in India to INR6bn (US$128m) in a bid to increase its market share.
UK: Tesco shares rise on profit boost
Shares in Tesco rose this morning (30 September) after the UK’s largest retailer posted a jump in half-year profits.
UK: Waitrose opens first convenience store
Waitrose has unveiled plans to open its first convenience store in Trinity Square, Nottingham, in December.
