Asia Pacific: Quarterly dairy pricing to remain high in 1H 2014 due to Chinese demand, says Rabobank

International dairy commodity prices strengthened from already high levels from in the three months to mid-December 2013 are expected to remain high at least for the first half of 2014. The increase of export supply since September 2013, as producers have responded to improved margins, has been largely soaked up by continuing vigorous buying from China. “Global prices have remained high...

Europe: Barry Callebaut showcases chocolate solutions at ISM 2014

Barry Callebaut will be exhibiting at ISM trade exhibition in Cologne, Germany from January 26 to January 29, 2014 at Hall 10.2 – Booth C010-D019. The company will present its extended range of compound coatings and diversely flavored fillings. These specialty offerings are customized solutions for the dairy, confectionery, bakery products and ice cream. In its Cocoart Collection, red and purple cocoa...

Americas: Renaissance BioScience Corp. licenses technology for yeast strains in wine from university

Renaissance BioScience Corp. has exclusively licensed, from the Regents of the University of California, patented and patent pending technology for developing and commercializing yeast strains that reduce the formation of hydrogen sulfide (H2S) in wine and other fermented products. Invented by Dr. Linda Bisson of the University of California, Davis (UC Davis), this proprietary technology has undergone five years of...

Americas: DDW acquires DuPont Danisco Food Colorings

D.D. Williamson (DDW) has acquired the food coloring product line and related processing equipment from Danisco USA Inc., a part of DuPont Nutrition & Health since 2011. The transaction broadens DDW’s portfolio of natural color solutions for customers and positions the company as the largest manufacturer of annatto-based food colorings in North America. The financial terms of this transaction were not...

Europe: Alban Muller International launches Metabolami ER made from pomegranate extract

Alban Muller International launches Metabolami ER, an innovation for the prevention of the metabolic syndrome (MetS) and for intestinal comfort. It is a dry extract of pomegranate, concentrated and titrated in polyphenols (24% minimum). Its efficacy is tested in vivo, in vitro and ex vivo. It prevents the development of the MetS, condition predisposing to the risk of developing cardiovascular diseases and...

Americas: Hershey to buy 100% traceable, sustainably sourced palm oil by 2014

The Hershey Company says it will work with its suppliers to achieve 100% traceable and sustainably sourced palm oil by the end of 2014. This announcement comes after the company has achieved its commitment to source 100% mass balanced Roundtable on Sustainable Palm Oil (RSPO) certified palm oil more than a year ahead of its original 2015 commitment, New supplier requirements...

Americas: Hershey to acquire majority share of Shanghai Golden Monkey Food Company

The Hershey Company says its wholly-owned subsidiary, Hershey Netherlands B.V., has signed an agreement to acquire 80% of Shanghai Golden Monkey Food Joint Stock Co., Ltd. (SGM), a privately held confectionery company based in Shanghai, China. Completion of the agreement is expected to occur in the second quarter of 2014 and is subject to China regulatory and SGM shareholder approval. Hershey...

Americas: More than half of US consumers are concerned about genetically-modified foods, says report

More than half of US consumers express some level of concern about genetically-modified organisms (GMOs). When asked to describe GMOs, many primary grocery shoppers are unclear and reiterate that it’s genetically altered sometimes in a favorable way while at other times in an unfavorable way, according to recently released food market research by The NPD Group. “GMO’s have been an issue...

Americas: WILD Flavors acquires natural aroma chemical supplier

WILD Flavors, Inc. has acquired Alfrebro, LLC, a manufacturer of natural extracts and aroma chemicals, advanced proprietary technologies, and expanded processing capabilities. With this positioning, WILD will further its development position and product lines to expand not only into unique flavors, extracts, and aromas for the food and beverage market, but also to strengthen its Health and Wellness focus and...

Asia Pacific: IFF to invest $50M in Indonesia

International Flavors & Fragrances Inc. (IFF) said it plans to invest over $50 million in its flavors operations in Jakarta, Indonesia. The investment will include a creative center on the existing site that will primarily support IFF’s customers in Indonesia, which is expected to be completed by the fourth quarter of 2014. The company will also build a new manufacturing facility...