Food Finance - News Headlines - Week 37 / 38
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| From 10-Sep-2008 to 24-Sep-2008 | |
Access full stories Tectonic shift on Wall St could impact wheat prices Lower futures prices for wheat herald a shaving of input costs for bakers and millers, with the collapse of Lehman Brothers and the near-bankcruptcy of global insurer AIG arguably hitting agricultural quotations downwards... Read Asian firm to boost corn sweetener supplies Hong-Kong listed firm Global Sweeteners has delivered mixed results for the first half of 2008, but escaped a potential hit from the price hike in corn by passing on costs to the market... Read Danisco confident xylitol will pick up Danisco has charged an internal task force with identifying new applications for xylitol, as the sweetener continues to blight its otherwise positive financial results – but has reduced production in the meantime... Read Access full stories Smiling Bob maker files for bankruptcy Berkeley Premium Nutraceuticals has lodged a bankruptcy claim less than a month after a Federal court ordered it to pay $500m for a series of fraud crimes... Read Production costs push up Ajinomoto aspartame price Higher production costs are taking their toll on aspartame, as Ajinomoto Food Ingredients announces a 15 per cent price hike for non-contractual customers... Read AB Enzymes ups prices by 10 per cent AB Enzymes is to pass on some of the increased costs of raw materials, energy and overheads, upping the price of its baking, food and specialty enzymes by up to 10 per cent... Read News briefs: Nestle, NFU action and Murray Goulburn This week, Australian cooperative Murray Goulburn braces itself for strike action, Nestle expects easing commodity pressures and Dairy UK loses the support of the country's farming union... Read Use unspent subsidies to aid food security, says MEP A proposal to send unspent EU subsidies to developing countries worst hit by food price rises would have knock-on benefits for the EU, according to the rapporteur leading a Development Committee debate yesterday... Read UK group plays up cow feed milk-cost improvements As the dairy industry continues to offset the impact of higher milk pricing on its operations, one UK farmers association has launched a new campaign it claims can help cut production costs by up to two pence per litre (ppl)... Read Bakers' woes may continue despite UK inflation dip An overall decline in manufacturing costs appears unlikely to shift food processor concerns over higher prices for their goods, according to new UK statistics out this week... Read | ||
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