Cereal prices at record high

According to the Food and Agriculture Organization’s (FAO) latest Food Outlook report, cereal prices, particularly for wheat and maize, have reached record highs as a result of poor harvests in key producing countries and a fast-growing demand for biofuels...

New direction for bakery market

According to market analyst group Plimsoll, the UK bakery sector is to face a difficult year in 2007...

Tate & Lyle Ventures announces first glowing investment

Tate & Lyle Ventures announced its first investment in January. The new venture capital fund, backed by Tate & Lyle, was formally launched on 24 July 2006. Its aim is to invest in startups and expansion stage companies that reflect Tate & Lyle’s drive for strategic growth through nextgeneration food ingredients, as well as innovations in industrial ingredients, bio-materials and biofuels...

EU food and drink sector in good shape

The Confederation of Food and Drink Industries of the EEC’s (CIAA) end of year review of the European food and drink industry’s performance shows that, in 2005, the food and drink turnover registered a 2.6% growth, a slight increase on the figures observed over the past 10-15 years during which the industry experienced a 1.8% average growth per annum...

Growth continues at Finsbury Food Group plc

Finsbury Food Group plc, a manufacturer and distributor of premium cakes and breads, has announced that the sales growth reported at its AGM on 29th November 2006 has continued. At the half year, Memory Lane Cakes Ltd was showing a 5% increase on the comparable period of 2005, with Nicholas & Harris Ltd up 18% year-on-year...