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Kerry Group Reports Financial Results for the Third Quarter 

Kerry, the global taste & nutrition and consumer foods group, issues the following Interim Management Statement for the nine months ended 30 September 2019.

Q3 YTD Key Highlights

• 3.1% growth in business volumes
— Taste & Nutrition +3.9%
— Consumer Foods -0.7% (excluding contract exit +0.6%)
• Pricing -0.1%
• Reported revenue +10.0%
• Group trading margin +20bps
— Taste & Nutrition +20bps...

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Nov 6 11:30 AM, General News



Associated British Foods Reports Annual Financial Results 

Associated British Foods has announced financial results for fiscal year 2019.

Statutory operating profit down 5% to £1,282m mainly as a result of an exceptional charge of £79m included in this year’s income statement. This year includes a greater loss on closure of businesses, and so statutory profit before tax was down 8% to £1,173m and basic earnings per share were down 13% to 111.1p.

George Weston, Chief Executive of Associated British Foods, said...

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Nov 5 9:11 AM, General News


Kemin EMEA Relocates Production of Its Food Safety Production Lines 

Kemin Industries, a global ingredient manufacturer that strives to sustainably transform the quality of life every day for 80 percent of the world with its products and services, has centralized the Europe, Middle East and Africa (EMEA) supply chain for BactoCEASE NV, its clean-label, vinegar-based food safety solution, by establishing production in Europe. This expansion provides a more sustainable supply of the product with reduced delivery time, increased production speed and more flexibility for customers ordering Kemin ingredients in the EMEA region.

“This strategic investment is intended to help ensure continuity and security of our food safety product lines, resulting in a shorter supply chain and faster delivery time for...

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Oct 28 10:25 AM, General News


Brexit: EU Agri-Food Chain Representatives Welcome the Deal and Call for a Swift Ratification

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Oct 28 10:13 AM, General News


Strong Performance of EU Agri-Food Exports Continues in August 2019

The value of the EU’s agri-food exports in August 2019 reached €12.07 billion, marking a rise of 5.6% compared to August 2018. As the value of imports decreased by 0.2% to €9.14 billion, the agri-food trade surplus for August stood at €2.93 billion, a 29% increase in the positive trade balance compared to last year’s figures. These are some of the main findings of the monthly trade report for August 2019, published today by the European Commission.

Comparing the monthly export values of August 2019 with August 2018, the highest increases were recorded for China (up €283 million), the USA (a rise of €192 million), and Japan (an increase of €69 million). However, significant falls were recorded in...

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Oct 28 10:06 AM, General News


BFREPA Finds Gross Imbalance in Egg Supply Contracts

The British Free Range Egg Producers Association is seeking to reform supply contracts between farmers and packers after lawyers found terms of agreements are grossly imbalanced in favour of buyers.

A team of legal experts from Birketts LLP examined contracts provided by producers and found numerous areas requiring improvement.

They include pricing and payment terms – which vary massively between agreements – and termination which, in some cases, is weighted entirely towards packers.

BFREPA chief executive Robert Gooch has today opened up a dialog with 41 packers outlining the organisation’s areas of concern and asking for ...

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Jan 17 11:08 AM, General News


Eggcellent News from France: The European Egg Market Just Got Even Better!

This week's segment features European Egg Market Reporter Ben Leveau and covers all the... 

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Jan 15 8:44 AM, Urner Barry


Urner Barry Debuts Expanded European Egg Market Coverage 

Urner Barry, the leading provider of protein market news and information in the food industry, will be launching expanded coverage of the European Egg Market beginning Friday, January 4th.  

In addition to the egg products market that traders have relied on for over 20 years, Urner Barry will now provide European market coverage for barn and free-range liquid and dried egg products. This expansion adds 16 new and unique quotations to the series, providing unparalleled market insight into product trading throughout Europe.  

Benjamin Leveau, stationed in Toulouse, France, will be anchoring this endeavor from within the region. His proximity and expertise in commodity trading allows for more frequent contact with key market participants as well as specialized commentary and...

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Jan 3 11:40 AM, Urner Barry




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