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Portugal to bring in sugar tax

    Portugal to bring in sugar tax

Portugal has become the latest country to introduce a tax on sugary soft drinks, as its Government unveiled plans to bring in the levy next year.
While plans for a sugar tax were announced in last week’s Budget here in Ireland, it will be several years before it takes effect.
The Portuguese sugar tax will see the […]

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PepsiCo sets sugar reduction targets

    PepsiCo sets sugar reduction targets

PepsiCo has announced ambitious plans to dramatically reduce the sugar content in its drinks as part of its sustainable growth strategy for 2025.
These goals aim to continue “transforming PepsiCo’s food and beverage product portfolio”.
Its goals include: At least two-thirds of its global beverage portfolio volume will have 100 calories or fewer from added sugars per […]

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Yoghurt brand reduces sugar content in kids’ products by 40%

    Yoghurt brand reduces sugar content in kids’ products by 40%

Anchor Uno, a New Zealand-based yoghurt brand owned by dairy giant Fonterra, has re-launched its children’s yoghurts with 40% less sugar than the original product.
Brand manager Nicola Carroll said: “We are always working on our product formulations, fine-tuning, reviewing and improving our products, prioritising ones that deliver the goodness of dairy nutrition to kids.”
The fine […]

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Ohly unveils “powerful natural solution” to make Stevia less bitter

    Ohly unveils “powerful natural solution” to make Stevia less bitter

Ingredients company Ohly has announced the unveiling of a new product they say acts as an effective sugar replacement, but effectively masks the off-taste of Stevia.
Sav-R-Sweet is described as a “clean tasting, natural solution”, that targets the loss of taste in food and drinks where the sugar content is reduced, while effectively nullifying the high […]

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EWG berates cereal manufacturers

According to a new analysis by EWG, children who eat a bowl a day of pre-sweetened cereals could consume five to nine pounds more sugar a year than parents might think from reading nutrition labels.
Environmental Working Group notes that the U.S. Food and Drug Administration recently announced that cereal makers must update the Nutrition Facts […]

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Plant Based Foods Association launches

23 food companies have announced the launch of the Plant Based Foods Association, which is said to be the first trade group to represent the fast-growing $3.5 billion plant-based foods sector. The association will engage in education, promotion, and advance policies to meet the increasing consumer demand for plant-based foods.
“Every other sector of the food […]

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IBC: Sugar tax is not an effective solution

The Irish Beverage Council (IBC) has hit out at plans for a proposed sugar-tax in Ireland calling the plans from various political parties as “ill-informed opinion” which will cost consumers money and do nothing to improve public health.
IBC director Kevin McPartlan said: “In the debate on a sugar tax, simple, verifiable facts are being ignored […]

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Research: G3PP can detoxify excess sugar

Guilt-free sugary treats may be on the horizon. Scientists at the University of Montreal Hospital Research Centre (CRCHUM) have discovered an enzyme that can stop the toxic effects of sugar in various organs of the body. This enzyme, named glycerol 3-phosphate phosphatase (G3PP), plays a central role in controlling glucose and fat utilization. Led by […]

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Tesco will push brands into cutting sugar

    Tesco will push brands into cutting sugar

Tesco announced that it will continue to “push” suppliers into stripping sugar from products and hinted that confectionery or fruit juice might be among the categories it looks to next.
Speaking at the Westminster Forum ‘policy on high fat, sugar and salt foods’ seminar, Tim Smith, Tesco quality director, said the retailer’s push to encourage suppliers to […]

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Lengthy legal dispute over high fructose corn syrup reaches an end

Since 2011, sugar producers and makers of high fructose corn syrup (HFCS), have been locked in a major dispute as the compete for market share.
For the Sugar Association, Western Sugar Cooperative led the dispute, while on the side of the Corn Refiners Association, Archer Daniels Midland (ADM) took the lead. In 2011, Western Sugar Cooperative […]

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Fairtrade Sales Reach Almost €5 Billion

    Fairtrade Sales Reach Almost €5 Billion

€4.9 billion ($6.6 billion) was spent globally on Fairtrade certified products last year, according to figures by Fairtrade International. Around the globe, retail sales of Fairtrade certified products increased by a total of 12% compared to 2010. In Fairtrade’s biggest market, the UK, shoppers spent 12% more on Fairtrade products. In Fairtrade’s first and oldest […]

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Sugar Drives Associated British Foods

    Sugar Drives Associated British Foods

Buoyed by strong performances from its sugar business and its Primark retail arm, Associated British Foods has reported a 3% rise in profit before tax to £329 million on group revenue up 11% to £5.77 billion for the 24 weeks ended March 3rd 2012. AB Sugar increased revenue by 17% to £1.2 billion and operating […]

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Double Digit UK Growth For Fairtrade Products

    Double Digit UK Growth For Fairtrade Products

Estimated retail sales of Fairtrade products in the UK reached £1.32 billion in 2011, a 12% increase on sales of £1.17 billion in 2010. Cocoa and sugar have all seen significant growth with increases respectively of 34% and 21% over 2010. Bananas, coffee, tea are all showing steady growth. Critically, this means that Fairtrade Premiums, […]

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The Real Good Food Company Improves Financial Performance

    The Real Good Food Company Improves Financial Performance

Leading UK bakery, ingredient and sugar group The Real Good Food Company has reported a 62% increase in EBITDA to £9.1 million for 2011, driven by sales growth and a focus on value added activities. The Real Good Food Company owns the largest independent non-refining distributor of sugar inEurope (Napier Brown) and is a supplier […]

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Sugar to Fuel Earnings Increase at Sudzucker

    Sugar to Fuel Earnings Increase at Sudzucker

Europe’s largest sugar group Sudzucker expects to increase annual revenue to around Eur6.5 billion in 2011/12, up from Eur6.2 billion in the previous year, and achieve an operating profit of more than Eur600 million, against Eur519 million in 2010/11. The boost in earnings will be driven predominantly by the group’s sugar segment.
 
Sudzucker increased group revenues […]

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Solid Interim Growth By Associated British Foods

    Solid Interim Growth By Associated British Foods

Associated British Foods has achieved a 5% rise in adjusted operating profit to £390m on group revenue ahead by 9% to £5.21b in the 24 weeks to March 5th 2011 as four of its five business segments improved profitability. Group profit before tax declined slightly from £320m in the first half of 2010 to £319m.
A […]

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Tate & Lyle Completes Retreat From Sugar

    Tate & Lyle Completes Retreat From Sugar

Tate & Lyle is disposing of its sugar interests in Vietnam to TH Milk Food Joint Stock Company, a local Vietnamese company, for £33m. The transaction is expected to be completed in the first half of the current financial year.
The sale completes a two year disposal strategy that has entailed Tate & Lyle divesting its sugar […]

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Rusagro Seeks London Listing

    Rusagro Seeks London Listing

Moscow-based Rusagro, the Russian sugar, pork and agribusiness group, is seeking to raise $30m through an initial public offering of about 17% of its equity on the London Stock Exchange. The IPO will value Rusagro, which controls about a sixth of Russia’s sugar production and owns the country’s fifth largest pig farm, at up to […]

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Nordzucker and PureCircle Form European Steviasucrose Joint Venture

    Nordzucker and PureCircle Form European Steviasucrose Joint Venture

Nordzucker, Europe´s second biggest sugar producer, and PureCircle of Malaysia, have formed a joint venture, NP Sweet, for the development and marketing of products that combine the natural benefits of both sugar and stevia to meet the fast growing requirements for reduced calorie naturally sweet applications from food and beverage manufacturers across Northern and Eastern […]

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Astarta and Danone Form Joint Venture in Ukraine

Astarta, the biggest producer of sugar and industrial milk in Ukraine, has entered a joint venture for the production and processing of milk with Danone, the world leader in dairy products, waters and baby nutrition.
Astarta’s high level of vertical integration in industrial cattle farming, own forage supply, as well as accumulated experience of industrial livestock […]

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Agrana to Invest €27.6m to Expand Russian Fruit Preparation Plant

    Agrana to Invest €27.6m to Expand Russian Fruit Preparation Plant

Austrian group Agrana is to invest Eur27.6m to expand its Russian fruit preparation plant at Serpuchov over the next five years. Agrana is one of the leading producers of fruit juice concentrates in Europe, and the top global manufacturer of fruit preparations for the dairy industry.
The expansion programme will boost the factory’s production capacity by […]

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Britvic Cautions on Unprecedented Input Cost Inflation

    Britvic Cautions on Unprecedented Input Cost Inflation

Britvic, the second biggest soft drinks manufacturer in the UK and Ireland, has cautioned that escalating input cost inflation, particularly for sugar, PET and steel, will not permit any improvement in its operating profit margin in 2011. When Britvic commenced price negotiations with the aim of protecting cash margins, it anticipated that input-cost inflation in […]

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Tate & Lyle Raises Price of Corn Sweeteners by 20%

  Tate & Lyle Raises Price of Corn Sweeteners by 20%

Escalating corn costs have forced Tate & Lyle to raise the price of its corn sweeteners, supplied to food and drink manufacturers, by 20%. Tate & Lyle has had to cope with a corn price rise of 40% over the past year. The increased cost of keeping its corn silos full is expected to push […]

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EU Sugar Shortage a Real Concern

  EU Sugar Shortage a Real Concern

Food and Drink Industry Ireland, the main trade association for the food and drink industry in Ireland, has voiced concern about the security of sugar supply in the EU. World market sugar prices reached a 30-year high in November and 2011 will be the third year that global production/consumption has been in deficit. The group […]

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Record Results From Associated British Foods

  Record Results From Associated British Foods

Associated British Foods has reported a 10% increase in revenue to £10.2b and adjusted operating profit up by 26% to £909m for 2010. With 56% of sales and 46% of operating profit generated outside the UK, the translated results of overseas businesses benefited from the weakness of sterling. At constant currency, and adjusted for the […]

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European Commission to Ban Addition of Sugar to Fruit Juices

  European Commission to Ban Addition of Sugar to Fruit Juices

The Commission has adopted a proposal to amend the Fruit Juice Directive, including a move to ban the addition of sugar to fruit juices – in line with the Commission policy of reducing added sugars in products and promoting balanced diet.
The addition of sugar would be allowed only for nectars and some very specific products […]

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Interim Loss at The Real Good Food Company

The Real Good Food Company, the UK sugar, ingredients and bakery group, has reported a loss before tax of £1.298m, including significant items of £189,000, for the first six months ended June 30th 2010, against a loss of £1.194m in the corresponding period last year. Overall group sales in the half year decreased by 11% […]

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Sudzucker Projects Higher Sales and Profits

  Sudzucker Projects Higher Sales and Profits

German-based Sudzucker, which is Europe’s largest sugar group, has reported a 57% increase in operating profit to Eur282m on sales up by around 5% to Eur3.07b for the first half ending August 31st 2010. All business segments – sugar, special products, cropenergies and fruit – contributed to the earnings improvement.
For the full year, Sudzucker now […]

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Lactalis Acquisition of Puleva Dairy Cleared

  Lactalis Acquisition of Puleva Dairy Cleared

The European Commission has cleared the proposed acquisition by the French group Lactalis of Spanish group Ebro Puleva’s dairy business. The Commission concluded that the transaction would not significantly impede effective competition in Europe or Spain.
Lactalis manufactures and sells milk and dairy products, including a wide range of cheese, desserts and cream, in roughly 150 […]

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Tate & Lyle Disposes of EU Sugar Operations For £211m

  Tate & Lyle Disposes of EU Sugar Operations For £211m

Tate & Lyle is selling its EU sugar refining operations to American Sugar Refining, the largest cane sugar refiner in North America, for £211m in cash. The deal reflects the change in development strategy adopted by Javed Ahmed, the new chief executive of Tate & Lyle.
EU S consists of the cane sugar refineries in London, […]

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