Tuesday, 24 January 2017

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Food Professionals to Find Newest Technologies at ...

  Process Expo, to be held September, 19-22, at McCormick Place Convention Center in Chicago, IL,...

Newest Technologies to Be Recognized at LAMMA Innovation Awards

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French Association of Potato Producers Prepares for 2017 Congress

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NIFA Announces USD1.85m for Potato Breeding Research

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Lutosa Adds New Fry Line at Plant in Belgium

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  In a recent presentation to employees and suppliers in the plant in Leuze-en-Hainaut (Belgium), Erwi...

China and Hong Kong Get Ready for over 1,500 McDonald’s Restaurants

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Lamb Weston / Meijer Invests in FAM Cutting Machines

Lamb Weston / Meijer Invests in FAM Cutting Machines

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tna Unveils Wash-down VFFS Packaging System

tna Unveils Wash-down VFFS Packaging System

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TOMRA Simplifies Equipment Designations

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Pringles Introduces New Range of "Loud" Crisps

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Potato Chips Recalls Due to Salmonella Risk

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Farm Frites Launches Its Ultimate Chip

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 Potato grower and manufacturer Farm Frites has announced ...

Schmieding Produce Launches Skinny Potato

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 Good Health Launches Eat Your Vegetables Chip Lineup

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Cool Farming Tool Proves Sustainability of Potato Culture

Cool Farming Tool Pr...

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Agreement on Genome-Analysis Technology

Agreement on Genome-...

  Monsanto Company and NRGene announced that they have re...

New Method to Capture Disease-resistant DNA for Plants

New Method to Captur...

  Scientists have developed and improved technique for ca...

New “Focus on Potato” Webcast Helps Growers Manage White Mold Infections

New “Focus on Potato...

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McDonald’s Chooses New Potato Varieties for Fries

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Latest figures released by international food and grocery analysts IGD, reveal that we will spend £182.7bn in grocery retail outlets by 2015 - an average annual growth of 3.9 per cent.

According to IGD's UK Grocery Retail Outlook: Opportunities Beyond 2010 report:

* The UK convenience sector, currently valued at £32.1bn, will continue to outperform the grocery market and is projected to increase sales by 5.8 per cent per year to £42.6bn in 2015

* Accounting for 8.2 per cent of the UK grocery sector, non-food sales reached £12.4bn in 2010 and are predicted to increase to £17.1bn by 2015

* Online grocery retailing is set to double in value from £4.8bn to £9.5bn by 2015. This is due to technological enhancements, improvements to websites and delivery/collect methods, and greater confidence among shoppers

The report, which also includes a supplier survey, found that food and drink manufacturers expressed a high level of optimism about the prospects of their businesses in the next three years, with 63 per cent scoring 8 out of 10or higher.

They are also aware of the need to innovate to grow. When asked how they would change their product strategy in the next three years, nearly two thirds of suppliers said that they envisage creating products and pack sizes tailored to meet different store formats or channel-specific needs.

Gavin Rothwell, UK research manager, IGD said: "Many UK retailers have announced major development plans in areas such as convenience and online - all of which are helping drive growth.

Multi-format and multi-channel strategies are gaining traction and scale as retailers seek to reach shoppers in different ways."

Joanne Denney-Finch, chief executive, IGD, said: "Despite a tough trading environment, the food and grocery industry has demonstrated a resilient performance in the last 12 months. Companies have responded quickly to shifting shopper trends and adapted their business models accordingly to win the contest for value and convenience. The road ahead remains uncertain, but those businesses that keep up with the pace of change will continue to reap the rewards and prosper. "

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