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UK: Ocado silent on float preparationsUK online grocer Ocado has remained silent on speculation that it is in talks over the appointment of advisers in preparation for its planned stock market listing.GLOBAL: China set to become largest grocery market by 2014 - IGDChina is set to overtake the US as the world's largest grocery market for the first time by 2014, new research has suggested.UK: Advertisers "disappointed" by product placement u-turnA proposed u-turn on the relaxing of rules for the placement of food and drink products in TV programmes in the UK is "disappointing", advertisers have said.CHINA: Beijing places duties on US chickenBeijing has said that it will impose anti-dumping duties of up to 105.4% on poultry imports from the US.UPDATE: JAPAN: Shares dive on Kirin, Suntory breakdownAnalysts and investors have reacted badly to a breakdown in merger talks between Kirin Holdings and Suntory.EU: Brussels unveils new organic logoThe European Commission today (8 February) unveiled the new EU organic logo.FRANCE: Sobeval invests in new plantFrench veal processing specialist Sobeval, part of Dutch group Van Drie, has invested EUR13m (US$17.8m) in a new plant in Boulazac, France.CHINA: Rodobo buys three dairiesChinese milk powder maker Rodobo International has completed the acquisition of three dairy companies in the country, Ewenkeqi Beixue Dairy Co., Hulunbeier Beixue Dairy Co. and Hulunbeier Hailaer Beixue Dairy Factory.AUS: Supermarkets promise an end to restrictive leasesMore Australian supermarket majors have agreed to end restrictive lease agreements that limit competition in local markets, the country's competition regulator said today (8 February).JAPAN: Kirin, Suntory merger talks collapseMerger talks between Japanese food and drink makers Kirin Holdings and Suntory have ended after seven months.CANADA: Ottawa looks to boost agricultureCanada's federal, provincial and territorial agricultural ministers met to examine ways to boost the long-term outlook for the country's farmers last week (5 February).US: Weis Markets sees jump in FY incomeUS grocer Weis Markets has posted a 33.6% jump in income for the 52-weeks to 26 December, driven by an improved operating performance and sales gains.CHINA: Beijing "searching for melamine milk"Chinese authorities have seized 72 tonnes of melamine-tainted milk powder and are searching for another 100 tonnes believed to be contaminated with the industrial chemical, state media has reported.BRAZIL: Bunge acquires sugarcane millsUS agribusiness giant Bunge has completed its acquisition of "a cluster" of sugarcane mills in Brazil from Moema Group.CHINA: Nutrifruit sees profits jump 45%China-based fruit and vegetable processor China Nutrifruit has seen quarterly profits jump by almost 45% on the back of buoyant sales.US/UK: Job losses to come, Kraft CEO tells CadburyKraft Foods chairman and CEO Irene Rosenfeld has admitted to Cadbury staff that there will be "redundancies" as the US food giant looks to integrate the confectioner into its business.UK: Government may perform u-turn on product placementThe UK government may perform a u-turn over its plans to relax the rules on product placement of brands in TV programmes following opposition from Cabinet ministers.US: Tyson swings to profit in Q1US poultry food group Tyson Foods swung to a first-quarter profit today (5 February), boosted by sales in the firm's beef, pork and prepared foods divisions.COMMENT: Lacklustre Q4 highlights test for KelloggUS-based cereal giant Kellogg disappointed the market this week when fourth quarter sales and earnings failed to hit analyst estimates. While management subsequently shrugged off falling volumes and insisted that the group is well-positioned going into 2010, Katy Humphries suggests that the results highlight some of the limitations of Kellogg's current strategic direction.INSIGHT: Kellogg downplays volume dropKellogg has played down the significance of declining fourth-quarter sales volumes, which came in spite of the cereal giant's increased investment in advertising during the period.© 2010 All content copyright just-food.com. Published by Aroq Ltd. |
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