A new consumer-facing masterbrand is set to strengthen shopper appeal for Tangerine Confectionery after consolidating its sugar portfolio.
The FAO Food Price Index is a measure of the monthly change in international prices of a basket of food commodities. It consists of the average of five commodity group price indices (representing 55 quotations), weighted with the average export shares of each of the groups for 2002-2004.
The U.S. Department of Agriculture in its July 11 World Agricultural Supply and Demand Estimates projected 2013-14 global ending stocks of wheat at 172.38 million tonnes, down 8.87 million tonnes, or 5%, from the June projection, and down 2.09 million tonnes, or 1%, from 174.47 million tonnes estimated for 2012-13.
Latest information continues to point to a significant 7.2 percent increase in 2013 world cereal production to 2 479 million tonnes, a new record. FAO now puts world wheat output in 2013 at 704 million tonnes, an increase of 6.8 percent, which would imply more than full recovery from the previous year’s reduction and bring world production to its highest level in history. By far, the bulk of the increase this year is expected to originate in Europe, as prospects remain favourable overall in the EU and outputs in the major producing CIS countries are forecast to rebound sharply from drought-reduced levels in 2012. The outlook is also positive in Canada, Australia and Argentina – other major exporters – and in most other wheat producing and consuming countries. The main exception is the United States, where wheat crop growth has been hindered by adverse weather conditions – drought in particular – this season.
Barry Callebaut, the world’s leading manufacturer of high-quality cocoa and chocolate products, has inaugurated its new Cocoa Center of Excellence to promote advanced agricultural techniques in Côte d’Ivoire, the world’s largest cocoa producing country. To date Barry Callebaut has invested approximately CHF 1 million (EUR 800,000 / USD 1.1 million) in the Center which includes training facilities for farmers and a 30-hectare “showcase farm” to demonstrate state-of-the-art intercropping techniques and yield enhancement practices to increase farm productivity.
When you ask a French master baker what constitutes good bread, be prepared to get the long-form answer. But to sum up, Lionel Vatinet, owner of La Farm Bakery, Cary, N.C., says that all good bread has a foundation in proper fermentation.
Nestlé has opened two new factories in China as it continues to grow its business in the country by investing in its portfolio of local and global brands.
The exclusive range, which “combines legacy and modernity and inspires artisan chefs and craftsmen,” features 22 individual products, including dark and milk couvertures, white chocolate, cocoa powders, cocoa butter, compound coatings made with non-hydrogenated fats and service products.
Stratum Nutrition, a Novus International business focusing on nutrition through functional and specialty ingredients, will be presenting findings from application studies incorporating ApuraGreen kiwifruit paste during the IFT Annual Meeting 13-16 July in Chicago. The primary outcomes presented look at fat replacement and freshness extension using the clean label ingredient.