Thursday, 30 July 2015

NPC holds 2015 Summer meeting

NPC holds 2015 Summer meeting

On July 7-9, growers and industry leaders from across the United States of America met in Kalispel...

Peru will host 10th World Potato Congress in 2018

Peru will host 10th World Potato Congress in 2018

The official announcement was made on July 15 by Alberto Maurer, head of Peru’s National Institute...

AHDB strategic potato farm open event

AHDB strategic potato farm open event

AHDB Potatoes first Strategic Potato Farm (SPot) is now established in Staffordshire. An open day ha...

Bühler Aeroglide introduces new food technologist

Bühler Aeroglide introduces new food technologist

Bühler Aeroglide, a global leader in thermal process engineering and technology for food, feed, and indus...

AHDB Next Generation group explore potato processing

AHDB Next Generation group explore potato processing

  The AHDB Potatoes ‘Next Generation’ tour kicked off in Yorkshire last month, visiting two progressiv...

TOMRA launches Spanish language website

TOMRA launches Spanish language website

TOMRA has launched a Spanish version of its website, underlining the importance of Spain and other Span...

tna highlights start-to-finish solutions at PACK EXPO 2015

tna highlights start-to-finish solutions at PACK EXPO 2...

For the first time in tna’s history with Pack Expo, tna will be presenting its capabilities as the only t...

The steps to chilled perfection

The steps to chilled perfection

  Production of frozen products, especially French fries, needs to be meticulous to end up with the ...

Key Technology introduce enhancements to Rotary systems

Key Technology introduce enhancements to Rotary systems

Key Technology introduced on July 15 its improved Rotary Sizing and Grading Systems, which include its Sl...

McCain Australia has new range of frozen potato wedges

McCain Australia has...

  McCain Australia has recently launched the new wedges ‘...

Tolsma-Grisnich and Kiremko, partnership for a new plant in China

Tolsma-Grisnich and ...

  Strategic partners Tolsma-Grisnich and Kiremko recently...

Utz Quality Foods launches Specialty Division

Utz Quality Foods la...

Utz Quality Foods, Inc. has recently announced the culmina...

Potatoes are back on WIC, a nutritional program for women, infants and children in USA

Potatoes are back on...

The National Potato Council (NPC) from USA succeeded to put ...

Exclusive interview with the director of Urschel Laboratories, Inc: The Urschel team is a very strong one

Exclusive interview ...

What began with one man's invention more than 100 years ago ...

UK Potato Council says it is a record year for seed potato exports

UK Potato Council sa...

  Seed potato exports are booming, with the latest figure...

Indian Government will procure 6,600 tones of potato from farmers

Indian Government wi...

The State Government announced its decision to procure 6,6...

Company launches a new solution for potato sprouting

Company launches a n...

  BioSafe Systems announces the introduction of ARRET Spr...

Seed Industry Event conference tackles key industry concerns

Seed Industry Event ...

The recent Seed Industry Event, organized by British Potato ...

Armenia registered an important growth in potato exports in 2014

Armenia registered a...

Armenian potato exports totaled about 20,600 tons, compared ...

As consumers feel the pinch of recession, they are likely to shun pricier fresh produce and head for cheaper fare in supermarket freezers, predicted the chief executive officer of frozen foods firm Pinguin.


"If this crisis goes on long enough, people will get to understand that they can get their biggest savings with frozen goods," CEO Herwig Dejonghe told Reuters in an interview.
"Frozen foods are underestimated and undervalued in the market, but people will discover that they can have the same quality of life at about a 25 to 30 percent lower cost, on average."
Dejonghe expected the recession-driven switch in consumer behaviour and the boost to his turnover to be a gradual medium-term effect, rather than a short-term spike.
Belgian Pinguin, which in November forecast a consolidated operating income of 440 million euros for 2008, produces a range of frozen vegetables, potatoes and ready-meals and sells them to grocery stores and food service groups in Europe and Asia, under its own and private labels.
One difficulty in a recession, Dejonghe said, is that consumers are loathe to support price increases. However, because vegetable prices are less volatile than other food staples, Dejonghe said this isn't such an issue for Pinguin.
Pinguin has seen a rapid increase in turnover of late, though mainly due to a slew of recent acquisitions. Last year the company bought UK frozen vegetable group Padley Vegetables and Belgian deep-frozen potato group Lutosa.
Lutosa now accounts for about 50 per cent of Pinguin's sales, Dejonghe said, which will be reflected in January when Pinguin will change its name and re-list as Pinguin-Lutosa.

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