Archives for January 27, 2004

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$5 million in new ice cream tech for diet market

Millions of dollars in investment poured into a new technology may pay off for US food manufacturer Dreyer's Grand Ice Cream Holdings. Targeting the low-fat market, the company said that it has developed a revolutionary "slow churned" method of making...

Parmalat debt reaches €14 billion

Italian food group Parmalat said on Monday that it had a net debt of €14.3 billion ($17.6 billion) in September 2003, almost eight times the figure given by former managers of the troubled group.

Arla launches cheaper milk range in Denmark

Arla Foods has released a new cheaper milk range that will be sold in Denmark. The launch of the new product is to counteract Aldi's recent price cuts in dairy products.

Russian sugar market fights recession

A large proportion of Russian sugar processors have experienced recession over the last year - so says a survey of leading industry figures. However, the abolition of import taxes on imported raw sugar might make things easier in the year ahead.