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3 May month year 2010
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last year was a bumper year for the biotech sector overall, according to a new report, as r&d budgets were slashed but majors’ sales soared. innovative smaller firms may be feeling the pinch more, however. 2009 will go down in history as one of the worst years in financial history, but the food sector looks to have weathered the storm relatively well. food manufacturers and ingredients firms certainly moved to rein in costs, but the industry benefited from its core output being essential for human health.
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the growing population, people eating more, and climate change mean that innovation is being driven by the need to do more with less, according to mike o’riordan, european technical director at national starch. but the economic downturn has taken its toll on r&d budgets, and that in turn is changing the way food companies are coming up with new ideas. o’riordan explains that there are more incremental changes being achieved, rather than big breakthroughs.
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senomyx revenues increased 120 percent in the first quarter of 2010 compared to the same period last year, as three of its major collaborators simultaneously launched products using senomyx ingredients. the flavor ingredients company made a net loss of $1.8m during the quarter, a narrower loss than the $7.3m of q1 2009, and smaller than many analysts had expected. revenues were $7.
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french plant-derived ingredient supplier naturex has reported revenues and profits in line with its 2009 targets, and is working on the full integration of recently acquired natraceutical assets. naturex has reported a 9.4 per cent increase in revenue in 2009 to €101.9m, up 9.4 per cent on the previous year (5.5 per cent in constant currencies). net profit was up 23.
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the food and drug administration (fda) has released an advance notice of proposed rulemaking (anprm) on establishing guidance intended to reduce the risk of food contamination during transportation. the agency has asked the food industry to comment on rule proposals to govern the transportation of foods in the united states, as well as calling for comments from the transportation sector and consumer interest organizations.
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flaxseed lignans might offer protection against breast, prostate, colon, and skin cancers while the soluble fibre they contain could help maintain steady blood sugar levels, found a review of research into the seed. an article, published in comprehensive reviews in food science and food safety , evaluated current research on flaxseed and any potential benefits it may have against diabetes and certain cancers.
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members of the australian vegetable industry have been encouraged to nominate women to be recognised for their contribution to the industry during a gala evening at the industry’s national awards for excellence in may. a number have been nominated for an award.the evening will take place as part of the inaugural ausveg national convention, trade show and national awards for excellence, at jupiters hotel-casino on the gold coast from may 27-30.
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a range of leading australian businesses have announced big swaps to fair trade products as part of fair trade fortnight (1-16 may) - australia’s biggest annual celebration of the life-changing difference fair trade makes for millions of developing country farmers, their families and communities. as part of the fortnight’s launch in sydney last friday (30 april), two of australia’s leading national law firms, mallesons stephen jaques and allens arthur robinson, were awarded fair trade workplace status for committing to source fairtrade certified hot beverages across all of their offices.
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Coca.Cola
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PEPSI
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Mcdonald
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Nestle
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Mars
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Baskin & Robins
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Nutrika
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Mumika
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Chika
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