The US Department of Agriculture has lowered its forecast for domestic corn production, confirming market fears the country's worst drought in almost 25 years has hit yields. The USDA said "extreme" dryness and heat in June and July in ...
Tags: US Department of Agriculture, USDA, forecast, domestic corn production
US cereal maker Post Holdings has recorded an increase in third-quarter profits and reaffirmed its outlook for the year. In the three months to the end of June, earnings reached US$15.8m, compared to $1.6m in the prior-year quarter, when ...
Tags: Post Holdings, cereal market, profits, earnings
US firm MOM Brands has added multigrain berry and multigrain cinnamon varieties to its Three Sisters cereal line. The additions bring the line-up of the shredded wheat cereal range to ten. All the varieties are made with whole grain oats, ...
Tags: MOM Brands, multigrain berry, cereal line, food industry
BR reported that PSM spokesman clarifies that all purchases from the first tranche of bailout package are according to the ECC & CCOR instructions and procurement of two ships of coal does not create any mismatched spending as the ...
Tags: bailout package, Purchases, iron ore
Premier Foods plc has refused to be drawn on reports it has hired Goldman Sachs to talk to potential suitors for its bread business. Sky News and The Times reported the UK food maker had asked the investment bank to sound out whether ...
Tags: Premier Foods plc, Goldman Sachs, bread business, food industry
Princes has added new lines to its Crosse & Blackwell 4Kids pasta range in the UK as it relaunches the brand. The UK food and drink group said it will take 4Kids into pasta meals with the launch of two products: pasta with sausages and ...
Tags: Princes, kids pasta, food product, food industry
Unusual weather around the world, including the drought this summer in the US, has led Fonterra CEO Theo Spierings to forecast an increase in global dairy prices in the first half of 2013. Spierings also pointed to weather events in ...
Tags: dairy price, dairy industry, food industry, Spierings
US baking mix manufacturer Continental Mills has acquired Kretschmer wheat germ owner Sun Country Foods from private-equity firm Brynwood Partners. Continental Mills, which owns products including Krusteaz pancake mixes, said it wanted ...
Tags: Continental Mills, Kretschmer, acquisition, food industry
US own-label group Ralcorp Holdings, which today (27 November) agreed to a takeover bid from ConAgra Foods, returned to profit in its fiscal 2012 year, boosted by acquisitions made during the year. In the 12 months to the end of ...
Tags: Foods, Foods industry, profit, operating profit
Nick Bunker, the head of Kraft Foods' businesses in the UK and Ireland, is to become CEO of United Biscuits recently-separated snacks unit. United Biscuits said today (6 August) Bunker would become chief executive of KP Snacks on 1 ...
Tags: Nick Bunker, snacks unit, Kraft Foods, United Biscuits
Nestle has expanded its Erlenbacher frozen baked goods and desserts range in Germany to include a mini cake range. The Lion, After Eight and Choco Crossies frozen mini cakes launched this month and are being targeted at consumers wanting ...
Tags: Nestle, frozen baked goods, desserts, mini cake
The US government has again cut its forecast for corn yields as the impact of the worst drought in the country for 50 years becomes clearer. Washington said the US corn yield is set to be the lowest since 1995-96, sending futures to a ...
Tags: US government, corn yields, drought, food industry
Kellogg has launched a raft of breakfast products in the US, including new Mini-Wheats, Pop Tart and Special K lines. The company has developed the first non-shredded cereal for its Mini-Wheats brand and added a "new take" to its Pop-Tart ...
Tags: Kellogg, breakfast product, non shredded cereal, food product
UK baker Warburtons has appointed Nestle UK's head of chocolate, Mark Simester, to the post of marketing director. Simester will join Warburtons in October, replacing Richard Hayes who left in January. Simester is well-placed to ...
Tags: Warburtons, Nestle UK, chocolate, food market
Commodities giant Archer Daniels Midland has said it is continuing to increase its investment outside the US in light of the country's drought pushing corn prices up. ADM COO Juan Luciano told analysts yesterday (31 July) the company has ...
Tags: Archer Daniels Midland, investment, corn price, food industry