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Today's Headlines 03/11/2009

Germany Heads for Big Sugar Crop, More Exports Hamburg, Nov 3 - Germany is heading for a large sugar crop this season following favourable weather and more exports are likely as it is again set to exceed its European Union production quota, the head German sugar industry association WVZ said on Tuesday.

Champagne Makers Turn Bubbly Despite Price War Paris, Nov 3 - The champagne industry is heartened by a sales rebound this autumn but has no visibility for 2010, said Ghislain de Montgolfier, the head of their industry body.

India Govt Sees Low Rice, Cane Output, Imports Loom New Delhi, Nov 3 - India's summer-sown crop output is set to shrink by more than initial forecasts after its worst monsoon rains in 37 years, raising the spectre of higher food prices and its further dependence on imports of rice and sugar.

CP Kelco Begins Production at New Hydrocolloid Facility in China Taixang, China, Nov. 3 - CP Kelco is proud to announce the completion of its newest hydrocolloid facility in Taixing, China.

Cargill to Supply Organic Erythritol to Sparkling Beverage Producer Apple Rush Dolton, Ill., Nov. 3 - Apple Rush Co., Inc. announces that it has sourced a domestic Organic Erythritol Supplier for its upcoming Apple Rush Organic Light Juices.

European Commission Clears Acquisition of Subsidiaries of Univeg by Univeg and Ciccolella 3 November 2009 - The European Commission has granted clearance under the EU Merger Regulation to the acquisition of joint control of Univeg Holding B.V.'s flower and plant activities (Univeg F&P) by Univeg Holding B.V. (Univeg) of The Netherlands and F.lli Cicolella S.p.a (Ciccolella) of Italy.

ADM FY2010 Net Earnings Down 53% from Last Year's Record 1st Quarter 3 November 2009 - Archer Daniels Midland Company today announced earnings of $ 496 million and net sales of $ 14.9 billion for the quarter ended September 30, 2009.

French Competition Body Backs Dairy Contracts Paris, Nov 2 - Supply contracts between dairy farmers and manufacturers would be the most effective response to price volatility affecting the dairy sector, France's competition authority said on Monday.

Recent Floods Hit Cane Crop in Indian State New Delhi, Nov 3 - The sugarcane crop in India's third-biggest sugar producing state has been partly damaged due to recent floods, the Business Standard newspaper said on Tuesday.

Vietnam Coffee-Vietnam Resumes Coffee Harvest after Storm Hanoi, Nov 3 - Vietnamese coffee farmers have resumed picking cherries from a new harvest that was temporarily disrupted over the weekend due to a typhoon, traders said on Tuesday.

US Animal Health and Nutrition Firm Novus International to Enter Food Ingredient Market in 2010 3 November 2009 - Leading animal agriculture health and nutrition company Novus International, Inc. will launch a human nutrition division in 2010 called Stratum Nutrition.

Lur Berri Iceland ehf Takeover Bid on the Shares of Alfesca hf Successful Nov 3, 2009 - DragonKnight Advisors (France, UK) and MPE Finances (France) linked up with Nýi Kaupþing banki (Iceland) advised on the takeover bid on the shares of Alfesca hf. made by Lur Berri Iceland ehf, a subsidiary of Lur Berri Holding SAS.

AB Foods 2009 Annual Results: Group Revenue Increased by 12% Nov 3, 2009 - The group delivered satisfactory results at a time when economic uncertainty and declining consumer spending presented our businesses with considerable challenges. Group revenue increased by 12% to £9.3bn and adjusted operating profit increased by 8% to £720m.

Peet's Coffee & Tea to Acquire Diedrich Coffee for USD 213 Million Emeryville, Calif., Nov. 2 - Peet's Coffee & Tea, Inc. and Diedrich Coffee, Inc. announced today that they have entered into a definitive agreement under which Peet's will acquire Diedrich in a cash-and-stock transaction valued at $26.00 per share or a total value of approximately $213 million.

Raisio Q3 2009 Sales Fall 23% 3 November 2009

DSM Delivers Strong Result Improvement in Q3 3 November 2009

Metro Says '09 to Remain Challenging After Solid Q3 Duesseldorf, Germany, Nov 3 - German retailer Metro AG expects the rest of the year to remain tough and sees no clear signs for a fast overall recovery as the economic downturn is set to push unemployment higher, it said.

Kraft Quarterly Results Could Make a Case to Cadbury Chicago, Nov 3 - Kraft Foods Inc will need to show progress in cutting costs and improving organic revenue when it reports earnings on Tuesday, in a bid to convince Cadbury shareholders it is a viable deal partner.

Food the Focus as Wal-Mart Starts Holiday Giving Oct. 2 - Wal-Mart Stores Inc is directing much of its U.S. holiday giving this month to providing food as a record number of Americans resort to food stamps and donations to feed their families.

Yesterday's Headlines 02/11/2009

Asahi Breweries FY2009 3Q Financial Results Nov 2, 2009 - Asahi Breweries has released Consolidated 3Q Financial Results for Fiscal 2009.

UK: Update on Products Free of Colours Associated with Hyperactivity Nov 2, 2009 - The Agency has updated its list of product ranges that do not contain the six food colours associated with possible hyperactivity in young children. A further five manufacturers producing product lines free of the colours have been added to the list.

Kraft Seen Going Hostile with Original Cadbury Bid London, Nov 2 - Kraft is likely to formalise its original offer for Cadbury over the next week, keeping a price increase off the table but in effect turning the bid hostile, said sources close to the matter.

Sysco Q1 Profit up; Sales Hit by Food Cost Deflation Nov 2 - Food distributor Sysco Corp posted an 18 percent rise in quarterly profit, edging past market estimates, on lower expenses, but its sales fell for the fourth consecutive quarter as it was hurt by food cost deflation.

Tasty Baking Company Launches Initial Baking Operations at New Philadelphia Navy Yard Bakery Philadelphia, Nov. 2 - Tasty Baking Company, makers of the Tastykake® snack line, today announced the launch of initial baking operations at its state-of-the-art bakery within the Philadelphia Navy Yard.

Tasty Baking Company Reports Q3 Income Loss Philadelphia, Nov. 2 - Tasty Baking Company today reported net sales of $43.6 million for its third quarter ended September 26, 2009, a 1.8% increase from the $42.8 million reported for the third quarter last year. This increase in net sales was driven by higher volumes combined with the net benefits of higher product selling prices.

Dean Foods Sees Q3 Net Income Grow 32%; Expects Dairy Prices to Continue General Upward Trend through Next Year

Tingyi Plans $440 Mln Taiwan Share Offer in December Taipei, Nov 2 - Tingyi Group, the company behind noodle brand Master Kong, said on Monday that it plans to raise about $440 million in a share offering in December, Taiwan's largest IPO from a company returning to its home base.

Indian Farmers Set Fire to Imported Sugar Lucknow, India, Nov 1 - Farmers in India's biggest cane-producing state set fire to part of a goods train carrying raw sugar imports from Brazil, police and unions said on Sunday.

Brazil 2009/10 Cocoa Output Expected to Dip Sao Paulo, Oct 30 - Brazil's 2009/10 cocoa harvest will be smaller than the previous season's, growers and analysts say, as witch's broom disease continues to sap vigor from the trees following mixed weather conditions.

Podravka Group Business Results for First Nine Months of 2009 Nov 2, 2009 - Total sales of Podravka Group in the first nine months of 2009 was HRK 2,663.5 million and is reduced by 1% comparing to the same period last year.

FrieslandCampina Half Year Report: Operating Profit down 8 Percent Nov 2, 2009 - The first six months of 2009 were characterised by difficult economic conditions worldwide. Both selling prices and volumes of dairy products sold were being weighed down as a result.

Cosan to Focus Investments on Core Brazil Business Sao Paulo, Oct 30 - After years of diversifying, Brazilian sugar and ethanol giant Cosan now plans to focus investments on expanding its existing business, the group's new chief executive said.

Australia Retailer Myer's Shrs Slide on Debut Melbourne, Nov. 2 - Shares in department store chain Myer Holdings Ltd tumbled more than 9 percent on their debut in a $2 billion float, Australia's biggest in two years, a disappointing signal for other retailers with IPOs waiting in the wings.

Coca-Cola Bottling Co. Consolidated Announces New Facility in Horry County Columbia, S.C., October 29, 2009 – The South Carolina Department of Commerce, Horry County, the Myrtle Beach Regional Economic Development Corporation (MBREDC) and the North Eastern Strategic Alliance (NESA) today announced that Coca-Cola Bottling Co. Consolidated will locate its new facility in Horry County.

Inza Finalises Takeover of the Yogho! Yogho! and Choco! Choco! Brands Amersfoort, the Netherlands, Nov 2 - The European Commission has given its approval for the acquisition of the Yogho! Yogho! and Choco! Choco! brands by the Belgian dairy co-operative Inza cvba (a subsidiary of Milcobel cvba) from Royal FrieslandCampina.

UK's Glisten Sees Annual Revenue Increase 1% 2 November 2009 -

Nestle Boss Says Company Was Slow on Price Cuts Zurich, Nov 2 - Nestle, the world's biggest food group, should have reacted faster to competitors' price cuts to avoid slowing sales, Chief Executive Paul Bulcke said in an interview with the Wall Street Journal.

Constellation Considering Opportunities for its Australian and UK Businesses Victor, N.Y., Nov. 1 - Constellation Brands, Inc., the world's leading wine company, announced today that it is pursuing a number of opportunities with various parties to improve the prospects of its Australian and U.K. businesses.

Indian Crop Estimate to Steer Sugar, Grain Mkts New Delhi, Nov 2 -India's summer-sown harvest may have fallen at least 10 percent this year, setting the stage for large sugar imports, the country's first imports of rice in decades and record vegetable oil imports.

Indonesia Palm Oil Stocks to Swell, Exports Limit Rise Kuala Lumpur, Nov 2 - Palm oil stocks in Indonesia, the world's largest supplier, will start rising by 100,000 tonnes from October onwards, boosted by strong output and more maturing oil palm trees, a top industry official said on Monday.

Tim Hortons Q3 Revenue Declines 22.3% Oakville, ON, Oct. 30 - Tim Hortons Inc. today announced its results for the third quarter ended September 27th, 2009.

Pernod Ricard Targets Slight 2009/10 Profit Growth Nov 2, 2009 - Drinks group Pernod Ricard is targeting a slight rise in profits, echoing similar guidance from rival Diageo on signs that consumer demand is slowly recovering from the effects of the financial crisis.

Canada: Production of Cleaning Products Made from Thyme Oil Will Create a New Market Opportunity for Farmers Sherbrooke, Quebec, October 30, 2009 - The Government of Canada is investing in a production facility that will create jobs and give farmers the opportunity to grow and market a new crop that produces high value oils.

Friday's Headlines 30/10/2009

Sugar, Cocoa, Coffee Fall as Dollar Firms London, Oct 30 - Sugar, coffee and cocoa futures extended losses on Friday, weighed by a strengthening dollar as investors squared positions at the end of the month.

US Snack Food Producer Lance Inc. Reports Record Net Revenues for Third Quarter

Food Aromas Perform Well for Robertet in Q3 30 October 2009 - Robertet, a French producer of flavours and additives for the cosmetics and food industries, has announced that its Q3 turnover increased very slightly, by 0.4%, to 229.8 million euro.

New Britain Palm Oil Enters Supply Agreement with United Biscuits 30 October 2009 - New Britain Palm Oil Limited, a large scale integrated industrial producer of palm oil, is pleased to announce today that it has entered into a minimum two year supply agreement to provide United Biscuits ("UB"), a leading branded snacks business, with significant quantities of segregated, traceable and certified sustainable palm oil of the highest quality.

PureCircle in Conjunction with Firmenich and Danisco Announce Stevia Formulated Ingredients Now Viable for Global Ice Cream Market 30 October 2009 - PureCircle, the world's leading producer of Natural High Intensity Sweeteners, including Reb A, is pleased to announce that Danisco, along with its collaboration partner Firmenich, have successfully formulated ingredients using stevia as a sucrose replacement, initially in vanilla and lemon sorbet ice cream, opening up new opportunities for the natural zero-calorie sweetener.

Orkla Q3 Improved Financial Performance Oct 30, 2009 - Orkla's operating profit (EBITA) in the third quarter ended at NOK 811 million, compared with NOK 334 million in the second quarter and NOK 1,026 million in the same quarter of last year.

India Rice Imports Seen Too Small to Fan Price Flames Mactan, Philippines/Singapore, Oct 30 - A steep decline in India's rice output has raised expectations the nation will turn into a net importer, but ample domestic stocks will help keep imports minimal, preventing a sharp rally in prices.

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