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Latest News in the food Industry

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Frutarom acquires SA flavours company

Frutarom acquires SA flavours company

13 Feb 2017

Frutarom has acquired Unique Flavors of South Africa for $6.7 million

Unique’s sales volume in the 12 months ending January 31, 2017 amounted to approx. $9 million.

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Tate & Lyle sees profits rise

Tate & Lyle sees profits rise

13 Feb 2017

Tate & Lyle has issued a trading statement for the three months ended 31 December 2016, noting that it continued to perform strongly in the third quarter with profit in constant currency ahead in both divisions.

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Study: obesity impacts immune system

Study: obesity impacts immune system

13 Feb 2017

Obesity and a diet high in fat could lead to a harmful activation of the immune system, increasing a person’s risk of heart disease, according to a study led by Queen Mary University of London (QMUL).

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Kerry joins IOFI

Kerry joins IOFI

10 Feb 2017

International Organization of the Flavor Industry (IOFI) Executive Director Sven Ballschmiede has announced that Kerry has joined IOFI, who become IOFI’s tenth company ordinary member.

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Mintel touts sorghum

Mintel touts sorghum

10 Feb 2017

According to Mintel, sorghum is one of the top five cereal grains globally, and is gaining in popularity as an ingredient in the salty snacks category over the past two years, mainly as a gluten-free grain alternative.

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Fonterra increases farmgate price

Fonterra increases farmgate price

9 Feb 2017

Fonterra Australia has advised suppliers that it has increased its average farmgate milk price to AU$5.20 per kilogram of milk solids, bringing it to the co-operative's forecast closing price for the 2016/17 season.

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Nestlé opens Brazil factory

Nestlé opens Brazil factory

9 Feb 2017

Nestlé has opened a pet food factory in Ribeirão Preto, Brazil that it says will provide new tasty, healthy options for pets and create jobs, while minimising impact on the environment.

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Hershey 4Q profit exceeds expectations

Hershey 4Q profit exceeds expectations

9 Feb 2017

The Hershey Company has announced sales and earnings for the fourth quarter ended December 31, 2016. Consolidated net sales were $1,970.2 million compared with $1,909.2 million for the fourth quarter of 2015.

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TIC Gums expands portfolio

TIC Gums expands portfolio

8 Feb 2017

TIC Gums has expanded its portfolio of clean label hydrocolloids with new stabilizer systems designed for ready-to-drink, dairy-based protein beverages.

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First Milk completes turnaround

First Milk "completes turnaround"

8 Feb 2017

British farmer-owned dairy company First Milk has brought its member payment terms back into line, saying that it is completing the turnaround work in the business over the last two years.

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FAO index hits 2-year high

FAO index hits 2-year high

8 Feb 2017

The FAO Food Price Index averaged 173.8 points in January 2017, up 3.7 points (2.1%) from the revised December value. At this level, the FFPI is at its highest value since February 2015.

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Ingredion reports solid results

Ingredion reports "solid" results

8 Feb 2017

Ingredion has reported “solid” 4Q16 results and record full-year earnings per share. Fourth quarter 2016 reported and adjusted EPS were $1.26 and $1.67, respectively, compared to 4Q15 of $1.42.

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