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Yesterday's Headlines 06/11/2009

USA: Kehe Food Distributors Opens New Centre in Pennsylvania Harrisburg, Pa., Nov. 6 - Governor Edward G. Rendell announced today that state investments will help a supply chain management company and a leading natural and specialty food distributor open a new distribution center in Allentown, creating at least 200 jobs within three years.

Russia Duma Passes Beer Tax Hike in First Reading Moscow, Nov 6 - Russia's lower house of parliament has cleared the first reading of a bill to triple duties on beer, which the government hopes will help plug a budget deficit and brewers fear could lead to factory shutdowns.

Bongrain's Slowdown in Cheese Sales Continues as Group's Exports Remain Penalized by High Price Paid for Milk in France 6 November 2009 - At September 30, 2009 Bongrain SA's year-to-date net sales amounted to Euro 2,376.5 million compared with Euro 2,613.2 million for the same period of the previous year.

Cadbury Descendant Fears Loss of Firm's UK Heritage London, Nov 6 - It's perhaps understandable that Felicity Loudon bristles at the thought of British chocolate maker Cadbury potentially falling into the hands of U.S. foods giant Kraft.

Sugar, Coffee Sideways, Eye Storm in Nicaragua Nov 6 - ICE sugar, coffee and cocoa futures were little changed on Friday as dealers awaited monthly U.S. jobless data, with coffee traders tracking the progress of tropical storm Ida in Central America.

Ahold Set to Benefit Whether Predator or Prey London, Nov 6 - With a big cash pile and plans to step up cost savings, Dutch supermarket group Ahold has plenty of firepower to boost its lowly valued shares.

First UTZ CERTIFIED Cocoa to Be Delivered in Amsterdam, the World's Largest Cocoa Port Amsterdam/Utrecht, 6 November 2009 - The arrival of the first bag of UTZ CERTIFIED cocoa tomorrow in the port of Amsterdam marks the beginning of a large-scale improvement of cocoa production practices worldwide.

GLG Life Tech to Offer 3.6 Mln Shares for US IPO Nov 6 - Canada's GLG Life Tech Corp said it filed for an IPO in the United States offering 3.6 million common shares.

Sainsbury H1 Profit Seen up 16 Percent, H2 Tougher London, Nov 6 - J Sainsbury, Britain's third-biggest grocer, is expected to post a 16 percent rise in first-half profit on Wednesday and flag a tougher second half amid falling food price inflation and stiff competition.

EU to Fight for Tuna Protection at Global Talks Brussels, Nov 6 - Fishing nations must cut the amount of Atlantic bluefin tuna they catch and protect porbeagle and thresher sharks, European fisheries commissioner Joe Borg said on Friday ahead of international talks.

Bosnia May Face Wheat Shortages, Price Hikes Sarajevo, Nov 6 - Bosnia may face shortages of wheat and higher prices of bread next year because of lower autumn sowings across the Balkans, a head of the Bosnian regional farmers association warned on Friday.

UK: Continual Growth at Graham's The Family Dairy During its 70th Year 5 November 2009 - Graham's The Family Dairy, Scotland's largest independent dairy company, has announced its year-end results to 31 March 2009. Turnover increased by 20 per cent to £40m (2008: £33.4m) and pre-tax profits were £820,959 (2008: £721,953).

Ajinomoto H1 FY09 Net Income Increases 6 November 2009 - Ajinomoto has reported its consolidated interim results for the period ended September 30, 2009.

AFDB Grants Burundi $24 Million to Boost Food Output Bujumbura, Nov 5 - The African Development Bank has granted Burundi $24 million to help the central African nation increase food output, a government official said.
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Hain Celestial Reports Lower-than-Expected Quarterly Results Melville, N.Y., Nov. 5 - The Hain Celestial Group, Inc., a leading natural and organic products company providing consumers with A Healthy Way of Life(TM), today reported results for the first quarter ended September 30, 2009.

AarhusKarlshamn's Food Ingredients Quarterly Operating Profit Grows 19% Stockholm, 6 November 2009

SunOpta Q3 Revenue Drops 11.8% Toronto, Nov. 5, 2009 - SunOpta Inc., a leading global company focused on natural, organic and specialty foods and natural health products, today announced financial results for the third quarter ended September 30, 2009. All amounts are expressed in U.S. dollars and results are reported in accordance with U.S. GAAP, except where specifically noted.

Jones Soda Sees Revenue Decrease of 18% in Q3 Seattle, Nov. 5 - Jones Soda Co., a leader in the premium soda category and known for its unique branding and innovative marketing, today announced results for the quarter ended September 30, 2009. The Company reported a net loss of $1.5 million, or ($0.06) per share, for the third quarter 2009, an improvement of 72% over the third quarter 2008 net loss of $5.3 million, or ($0.20) per share.

UK: Tate and Lyle's Pre-tax Profits £112 Million for H12009 6 November 2009 – Tate and Lyle announced pre-tax profits of £112 million in its H12009 results.

Cha Dao Tea of Seattle Partners with BYB Brands Seattle, Nov. 5 - Cha Dao Tea, a Seattle-based producer of award-winning, fresh bottled teas, announced today that it has entered into a Strategic Partnership with BYB Brands, Inc., a North Carolina beverage brand development company.

Coca-Cola Bottling Co. Consolidated Sees Income Growth in Q3 Charlotte, N.C., Nov. 5 - Coca-Cola Bottling Co. Consolidated today announced it earned $15.4 million, or basic net income per share of $1.68, in the third quarter of 2009 compared to a loss of $3.1 million, or basic net loss per share of $.34, in the third quarter of 2008.

California Pizza Kitchen Profit Up, Forecast Light New York, Nov 5 - California Pizza Kitchen Inc reported a nearly 17 percent increase in third quarter earnings, helped by cost controls and a lower tax rate, but forecast current quarter earnings that were below analysts estimates.

Starbucks Raises Outlook as Turnaround Signs Mount Seattle, Nov. 5 - Starbucks Corporation today reported financial results for its fourth quarter and fiscal year ended September 27, 2009 and increased its FY10 earnings outlook based on improving same store sales trends and the increasing impact of its cost savings efforts.

Thursday's Headlines 05/11/2009

Wendy's/Arby's Profit Matches View; Shares Rise Los Angeles, Nov. 5 - Wendy's/Arby's Group Inc, the No. 3 U.S. fast-food chain, reported adjusted quarterly profit in line with analysts' expectations, and its shares rose 3 percent.

Senomyx Quarterly Revenue Increases 3% San Diego, CA, November 5, 2009 - Senomyx, Inc., a company focused on using proprietary taste receptor-based technologies to discover novel flavor ingredients for the food, beverage, and ingredient supply industries, today provided a corporate update and reported financial results for the third quarter ended September 30, 2009.

China: Yayi International to Build China's Largest Goat Milk Production Base Tianjin, Nov. 5 - Yayi International Inc., the leading producer and distributor of premium goat milk formula products for infants, toddlers, and adults throughout the People's Republic of China, today announced that it broke ground on a new deep-processing facility in Shaanxi Province.
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Discovery of Pesticide Amitraz in Turkish Pears: EU Member States to Increase Controls on Imports 5 November 2009 - EU Member States agreed also to impose special conditions and increased official controls governing the imports of pears originating in or consigned from Turkey after controls repeatedly indicated high levels of the pesticide amitraz in Turkish pears.

Dr Pepper Snapple Profit Tops View Nov. 5 - Dr Pepper Snapple Group Inc posted quarterly profit that beat Wall Street estimates Thursday, helped by higher sales volume and price increases, and it raised the low end of its full-year earnings forecast.

Sara Lee Reports Strong Fiscal 2010 First Quarter; Raises Guidance

Ahold Gears Up for M&A with Management Rejig London, Nov 5 - Dutch grocer Ahold is freeing up two of its most senior executives from day-to-day management operations, fuelling speculation it is stepping up the search for acquisitions.

EAC Interim Maintains Outlook despite Adverse Currency Effect Nov 5, 2009 - EAC has released the financial report for Q3 2009.

ICA AB Interim Report 2009: Net Income up 7.5 Percent Nov 5, 2009 - ICA AB has released the increased sales and significantly improved operating income during the third quarter.

Illy Sees Global Coffee Surplus in 2010/11 Milan, Nov 4 - The world coffee market may see a surplus of over 10 million 60-kg bags next year if good weather in major producing countries drives global output higher, the head of Italian premium coffee roaster illycaffe said on Wednesday.

Greek Coke Bottler CCH's Q3 Net Slips 3 pct Athens, Nov 5 - Greek bottler Coca-Cola Hellenic (CCH) , the world's second-largest bottler of Coca-Cola , said on Thursday third-quarter net profit fell 3 percent, as demand softened in the economic downturn.

Delhaize Group Reports Operating Profit Increase of 5.7% in the Third Quarter of 2009 Nov 5, 2009 - In the third quarter of 2009, Delhaize Group posted revenue growth of 1.9% at identical exchange rates. At actual exchange rates, revenues increased by 4.8% to EUR 4.9 billion due to the strengthening of the U.S. dollar by 5.2% against the euro compared to 2008. Organic revenue growth was 1.8% for the quarter.

Kraft Faces Tougher Cadbury Pitch, Bid Seen Monday London/Philadelphia, Nov 4 - Kraft Foods Inc faces a tougher task winning over Cadbury Plc shareholders after disappointing results reinforced the view that it will formalize its existing offer for the British chocolatier next week rather than present a higher bid.

Whole Foods Sales, Profit Rise but Outlook Misses Los Angeles, Nov 5 - Upscale grocer Whole Foods Market Inc posted higher profit as sales "stabilized and officially turned the corner" but shares fell nearly 9 percent after its fiscal 2010 profit outlook missed analysts' views.

Kirin's Lion Nathan Year Profit Jumps 13 pct Melbourne, Nov 5 - Lion Nathan, Australia's second-largest brewer, reported a 13 percent rise in full year profit as promised, bolstered by its premium beers, in its final year before being taken over by Japan's Kirin Holdings .

Caribou Coffee Reports Increased Sales During Third Quarter Minneapolis, Nov. 4, 2009 - Caribou Coffee Company, Inc., the second largest company-owned gourmet coffeehouse operator in the United States based on the number of coffeehouses, today reported financial results for the third quarter of 2009 (thirteen weeks ended September 27, 2009).

Unilever Q3 Net Profit Falls 36% but Sales Beat Expectations Nov 5, 2009 - Unilever has released the 2009 third quarter and nine months results continued good progress in volume, margin and cash flow.

Symrise Improves Sales and Earnings Despite Continued Economic Challenges in Q3 5 November 2009 - In the third quarter of 2009, Symrise AG improved its sales and earnings despite continued economic challenges. In a weak overall market, the Group increased third-quarter sales over the same period of 2008 by 5.6 % at local currency, and by 4 % on a pro forma basis. Both business divisions and all regions contributed to the growth.

Russia: Pava to Boost Food Grain Production Capacity 5 November 2009 - PAVA, a major Russian producer of flour, cereals and animal feed, will diversify into deep wheat processing and increase its yearly capacities to approximately 900,000 MT of grain.
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Manila's San Miguel Confirms 9-Mth Net at $1.2 Bln Manila, Nov 5 - Philippine conglomerate San Miguel Corp on Thursday reported net income of 57 billion pesos ($1.2 billion) in January to September, more than double its profit of 20.9 billion pesos a year earlier, analysts said.

USA: Snyder's of Hanover and Utz Quality Foods Discontinue Merger Hanover, Pa., Nov. 4 - Snyder's of Hanover and Utz Quality Foods announced today their decision to discontinue pursuit of the merger between the two snack food companies.

Wednesday's Headlines 04/11/2009

Kraft Will Only Pay 800p/Share for Cadbury London, Nov 4 - U.S. food group Kraft will be willing to pay only 800 pence a share for Cadbury after Kraft's CEO cautioned on overpaying for the British confectionery group, Investec Securities said on Wednesday.

Cargill JV with China's Alking Bioengineering Nearing Completion of New Arachidonic Acid-rich Oil Production Facility

Molson Coors Profit Tops View, Volume Slips Chicago, Nov 4 - Molson Coors Brewing Co reported a bigger-than-expected rise in quarterly profit, helped by cost cuts and price increases, but volumes fell as the beer industry sees a slowdown in consumer spending.

Netherlands: Unimills Expands Product Portfolio with Acquisition of Lecithin Facility Zwijndrecht, 4 November, 2009 - Unimills, leading supplier of vegetable oil based ingredients for the food industry and the European subsidiary of world's largest palm oil originator Sime Darby, announced today that it has acquired a lecithin production facility, previously owned by IOI Loders Croklaan.

Chr. Hansen Sees Revenue for Year up 7.2% as Sales of Cultures and Enzymes for Food Industry Grow 4 November 2009 - In spite of the financial crisis and the general economic recession the bioscience company Chr. Hansen continues its growth. Last year the revenue increased by 10% in local currencies and the earnings reached 30.3%.

International Flavors & Fragrances (IFF) Sees Q3 Revenue Drop 8% New York, Nov. 4, 2009 - International Flavors & Fragrances Inc., a leading global creator of flavors and fragrances for consumer products, today reported third quarter 2009 revenue of $613 million, one percent lower than the prior year quarter.

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