Rising food prices are set to increase acceptance of genetically
modified crops for food use, opening up new markets for US
products, say proponents of the technology.
High raw material and energy prices, a continuing weak dollar, and
growing global demand for food will push up agricultural exports,
according to the US Department of Agriculture (USDA).
Proteins from canola could boost the moisture and succulence of
processed meats, suggests a new study from Canada.
The increasing demand for healthy, low-fat products has provided
new innovation opportunities for manufacturers of hydrocolloids.
Monsanto has been given permission to use a new herbicide resistant
soybean crop which offers improved yield in Japan, Taiwan and the
Organic milk production in the EU market could become increasingly
constrained during 2008, as rising feed costs are forcing some
farmers to quit the market, says an industry expert.
Field and baking trials of new UK wheat crops are currently
underway, as part of a project to boost the country's organic bread
There is little connection between corn ethanol production and food
price inflation, according to a statistical analysis by Informa
Scientists have discovered new edamame soybean varieties that are
sweeter than types imported from Asia, which could prove a new
healthy and oriental ingredient for food manufacturers.
The Soil Association has declared the elimination of synthetic
antioxidants in its certified organic fish feeds, giving a new
layer of assurance to consumers who wish to purchase organic
Consumers look likely to bear the brunt of further hikes in milk
prices, as Glanbia consumer foods boss Colin Gordon warns that his
company can carry raw material costs no longer.
ABF Ingredients is expanding its Ohly yeast extract business into
Asia with the construction of a new yeast plant in China, the
company has announced.
Special edition: Food prices
High energy and commodity prices have plagued companies at all
levels of the food industry for the past few years.
Food ingredients prices rose at the fastest rate since 1998 in
August, says a new report released just as ministers warn that the
worst of the hikes is yet to come - a particularly for meat.
Extremely tight world wheat supplies led to panic buying of the
commodity on world markets yesterday, driving up prices to record
heights and stoking fears of inflation in food prices.