FORM 10-QSB

                    SECURITIES AND EXCHANGE COMMISSION

                          Washington, D.C.  20549

                QUARTERLY REPORT UNDER SECTION 13 or 15 (d) OF

                    THE SECURITIES EXCHANGE ACT OF 1934



For the Three Months Ended June 30, 2003    Commission File Number 0-19047
                           --------------

INCORPORATED IN FLORIDA                  IRS IDENTIFICATION NO. 59-2618503

                       FOOD TECHNOLOGY SERVICE, INC.
                 502 Prairie Mine Road, Mulberry, FL 33860
                              (863) 425-0039



     "Indicate by check mark whether the registrant has filed all annual,
quarterly and other reports required to be filed with the Commission within
the past 90 days and in addition has filed the most recent annual report
required to be filed.   Yes X .  No   ."
                            --      --

     "Indicate the number of shares outstanding of each of the issuer's
classes of common stock, as of the last practicable date."


                       Outstanding as of June 30,2003 and December 31, 2002

      Class                               2003                  2002
      -----                               ----                  ----
Common Stock $.01 Par Value        11,001,038 Shares      11,001,038 Shares

















                        FOOD TECHNOLOGY SERVICE, INC.

                              BALANCE SHEETS
                                                   JUNE 30,  DECEMBER 31,
                                                     2003         2002
                     ASSETS                          ----         ----
                     ------                       (unaudited)       *
Current Assets:
  Cash                                            $    32,425  $    73,758
  Accounts Receivable                                 389,617      204,020
  Inventory                                            12,925       18,761
                                                   ----------   ----------
     Total Current Assets                             434,967      296,539
                                                   ----------   ----------
Property and Equipment:
  Cobalt                                            2,665,408    1,825,000
  Furniture and Equipment                           1,725,267    1,718,417
  Building                                          2,883,675    2,883,675
  Less Accumulated Depreciation                    (3,526,417)  (3,347,656)
                                                   ----------   ----------
      Total Property & Equipment                    3,747,933    3,079,436

Land                                                  171,654      171,654

Other Assets:
  Deposits                                              5,000        5,000
                                                   ----------   ----------
Total Assets                                      $ 4,359,554  $ 3,552,629
                                                  ===========   ==========
           LIABILITIES AND STOCKHOLDERS' EQUITY
           -----------------------------------
Current Liabilities:
  Accounts Payable and Accrued Expense            $    87,226  $    77,361
  Financing Agreement and Debenture Payable         1,500,275      887,584
                                                   ----------   ----------
     Total Current Liabilities                      1,587,501      964,945
                                                   ----------   ----------
Stockholders' Equity:

  Common Stock $.01 par value,
  20,000,000 shares authorized,
    11,001,038 shares outstanding on
    June 30, 2003 and December 31, 2002               110,010      110,010
  Paid in Capital                                  11,975,577   11,975,577
  Deficit                                          (9,229,534)  (9,413,903)
                                                   ----------   ----------
                                                    2,856,053    2,671,684
  Less-Common Stock Issued For Receivables            (84,000)     (84,000)
                                                   ----------   ----------
     Total Stockholders' Equity                     2,772,053    2,587,684
                                                   ----------   ----------
Total Liabilities and Stockholders' Equity        $ 4,359,554  $ 3,552,629
                                                   ==========   ==========
 * Condensed from audited financial statements



                         FOOD TECHNOLOGY SERVICE, INC.
                           STATEMENTS OF OPERATIONS
                 FOR THE THREE MONTHS ENDED JUNE 30, 2003 AND 2002

                                                        2003         2002
                                                        ----         ----
                                                   (unaudited)   (unaudited)

Net Sales                                            $ 587,999   $ 253,206
Processing Costs:                                      105,418     123,687
                                                     ---------    --------
       Income from Operations                          482,581     129,519

General Administrative and Development                 213,750     185,674
Depreciation                                           102,661      78,773
Interest Expense                                        21,288      15,658
                                                     ---------    --------
Income Before Income Taxes                             144,882    (150,586)

Income Taxes
  Provision for Income Taxes                            43,465           0
  Tax Benefit from Net Operating Loss                  (43,465)          0
                                                     ---------    --------
Net Income                                            $144,882   ($150,586)
                                                     =========    ========
Net Income per Common Share                             $0.013     ($0.014)
                                                     =========    ========

NOTE 1: BASIS OF PRESENTATION

The financial information included herein is unaudited; however, such
information reflects all adjustments (consisting solely of normally
recurring adjustments) which are, in the opinion of management, necessary
for a fair statement of results for the interim period.

The results of operations for the three month periods ended June 30, 2003
are not necessarily indicative of the results to be expected for the full
year.



















                         FOOD TECHNOLOGY SERVICE, INC.

                           STATEMENTS OF OPERATIONS
                    FOR THE SIX MONTH PERIOD ENDED JUNE 30,

                                                        2003         2002
                                                        ----         ----
                                                     (unaudited)   (unaudited)

Net Sales                                           $1,000,466   $ 662,312
Processing Costs                                       235,432     247,276
                                                     ---------    --------
          Income from Operations                       765,034     415,036

General Administrative and Development                 368,917     325,746
Depreciation                                           178,760     157,157
Interest Expense                                        32,988      35,415
                                                     ---------    --------
Income / (Loss) Before Income Taxes                    184,369    (103,282)

Income Taxes
  Provision for income taxes                            55,311           0
  Tax Benefit from Net Operating loss                  (55,311)          0
                                                     ---------    --------
Net Income / (Loss)                                   $184,369   ($103,282)
                                                     =========    ========
Net Income /(Loss) Per Common Share                      $0.017     ($0.01)
                                                     =========    ========




NOTE 1: BASIS OF PRESENTATION

The financial information included herein is unaudited; however, such
information reflects all adjustments (consisting solely of normally
recurring adjustments) which are, in the opinion of management, necessary
for a fair statement of results for the interim period.

The results of operations for the six month periods ended June 30, 2003
are not necessarily indicative of the results to be expected for the full
year.















                         FOOD TECHNOLOGY SERVICE, INC.


                         STATEMENTS OF CASH FLOWS

                                                     Six Months   Six Months
                                                      Ended          Ended
                                                   June 30, 2003 June 30, 2002
                                                   -------------- --------------
                                                    (unaudited)     (unaudited)
Cash Flows from Operations:
   Sales Income Received                           $   814,869      $   732,796
   Interest Paid                                        (9,433)         ( 3,043)
   Cash Paid for Operating Expenses                   (588,647)        (587,532)
                                                      ---------        ---------
                                                       216,789          142,221

Cash Flows from Investing:
   Property & Equipment Purchase                      (847,258)               0
                                                     ----------      ----------
                                                      (847,258)               0

Cash Flows from Financing Activities:
   Collection of Subscriptions Receivable                    0           93,460
   Proceeds from Borrowing                             839,136                0
   Repayment of Loans                                 (250,000)        (250,000)
                                                    ----------       ----------
                                                       589,136         (156,540)

Net Increase (Decrease) in Cash                        (41,333)         (14,319)

Cash at Beginning of Period                             73,758          104,946
                                                    ----------       ----------
 Cash at End of Period                                 $32,425          $90,627
                                                    ==========       ==========
_______________________________________________________________________________

Reconciliation of Net Income to Net Cash
   Provided by Operations

   Net Income                                        $184,369        ($103,282)

Adjustments to Reconcile Net Income to
Cash Provided by Operations:
   Depreciation                                       178,761          157,157
   Accrued Interest                                    23,555           32,372
  (Increase) Decrease in Inventories                    5,836            4,842
  (Increase) Decrease in Receivables                 (185,597)          70,484
  (Increase) Decrease in Prepaids                           0          (12,500)
   Increase (Decrease) in Payables and Accruals         9,865           (6,852)
                                                   ----------       ----------
Net Cash Provided by Operating
Activities                                           $216,789         $142,221
                                                   ==========       ==========



                        FOOD TECHNOLOGY SERVICE, INC.

                     STATEMENT OF STOCKHOLDERS' EQUITY


2002(unaudited)                     Common Stock   Paid-In Capital    Deficit

- ------------                        ------------   ---------------    -------

Balance, January 1, 2002             $   104,968     $11,680,619   ($9,152,129)


Net Income for Period                          0               0      (103,282)

                                      ----------      ----------    ----------


Balance, June 30, 2002              $   104,968     $11,680,619   ($9,255,411)
                                      ==========      ==========    ==========
______________________________________________________________________________

2003 (unaudited)
- ---------------
Balance, January 1, 2003             $   110,010     $11,975,577   ($9,413,903)


Net Income for Period                          0               0       184,369

                                      ----------      ----------    ----------


Balance, June 30, 2003              $   110,010     $11,975,577   ($9,229,534)
                                      ==========      ==========    ==========


(a) Earnings per common share, assuming no dilution, are based on the
    number of shares outstanding on June 30, 2003 - 11,001,038 and
    June 30, 2002 - 10,496,837.
(b) The foregoing information is unaudited, but, in the opinion of
    Management, includes all adjustments, consisting of normal accruals,
    necessary for a fair presentation of the results for the period
    reported.















Management's Analysis of Quarterly Income Statements Operations
- ----------
Food Technology Service Inc. (FTSI) had revenues of $1,000,466 during the
first two quarters of 2003.  This compares to revenues of $662,312 for the
same period in 2002 and reflects a increase of about fifty-one percent
between the first six months of 2003 and the same period in 2002. The company
had a profit of $184,369 during the first two quarters of 2003 compared to a
loss of ($103,282)during the first two quarters of 2002.

Factors which increased profits during the first two quarters of 2003 included
significant revenues from a food packaging customer and increased demand for
irradiation of food and medical products.  Comparing the first two quarters of
2003 with the same period in 2002, processing costs decreased by nearly $12,000
while general administrative costs increased by over $43,000.  Increased
general administrative costs were attributed to expenses related to the
installation of additional Cobalt energy source and increased costs related to
being a publicly-traded company.  Depreciation also increased due to the
additional Cobalt energy source.

Management anticipates increased revenue during the third quarter of 2003 based
on the commitment of a large customer and increasing demand for irradiation of
food and food packaging.  Administrative and production costs are expected to
continue at levels similar to those in the first two quarters of 2003.
Management believes that demand for irradiated ground beef and chicken are
increasing and anticipates additional customers for these products in the third
quarter.

Liquidity and Capital Resources
- -------------------------------
As of June 30, 2003, the Company has cash on hand of $32,425 and accounts
receivable of $389,617. The special alliance that the Company has with MDS
Nordion should guarantee the Company's survival as a going entity until the
food irradiation industry develops.
                                    PART II
                               OTHER INFORMATION
Item 1.     Legal proceedings

Reference is made to the information contained under Item 3- Legal Proceedings
in the Company's Form 10KSB Report Filed for year ended December 31, 2002.

Item 2-6     Not applicable
                                  SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.

Date: July 28, 2003                 FOOD TECHNOLOGY SERVICE, INC.

                                    /S/ Richard Hunter
                                    ---------------------------------
                                    Richard Hunter, Ph.D., President and
                                    Chief Executive Officer

                                    /S/ Dana S. Carpenter
                                    ----------------------------------
                                    Dana S. Carpenter, Asst. Corporate Secretary
Certification of Periodic Report
Section 906 of The Sarbanes-Oxley Act of 2002


	In connection with the Quarterly Report of Food Technology Service, Inc.
(the "Company") on Form 10-QSB for the period ending June 30, 2003 as filed
with the Securities and Exchange Commission on the date hereof (the "Report"),
Richard G. Hunter, Ph.D. as Chief Executive Officer and Chief Financial
Officer, hereby certifies, pursuant to 18 U.S.C. Section 1350, as adopted
pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, to the best of his
knowledge, that:

1. The Report fully complies with the requirements of Section 13(a) of
 the Securities Exchange Act of 1934; and

2. The information contained in the Report fairly presents, in all
 material respects, the financial condition and result of operations of
 the Company.



/S/ Richard Hunter
- ------------------
Richard G. Hunter, Ph.D.
Chief Executive Officer and Chief Financial Officer
July 28, 2003































CERTIFICATION


I Certify that:

1.	I have reviewed this Quarterly Report on Form 10-QSB of Food Technology
Service, Inc. for the six months ended June 30, 2003.

2.	Based on my knowledge, this Quarterly Report does not contain any untrue
statement of a material fact or omit to state a material fact necessary to make
the statement made, in light of the circumstances under which such statements
were made, not misleading with respect to the period covered by this Quarterly
Report;

3.	Based on my knowledge, the Financial Statements, and other financial
information included in the Quarterly Report fairly present in all material
respects, the financial condition, results of operations and cash flows of the
registrant as of and for the periods presented in this Quarterly Report;


4.	The registrant's other certifying officers and I are responsible for
establishing and maintaining disclosure controls and procedures (as defined
in Exchange Act Rules 13A-14 and 15D-14 for the registrant and we have:


      a)    Designed such disclosure controls and procedures to ensure that
      material information relating to the registrant, including its
      consolidates subsidiaries, is made known to us by others within those
      entities, particularly during the period in which this Quarterly Report is
      being prepared;


      b)    Evaluated the effectiveness of the registrant's disclosure controls
      and procedures as of a date within 90 days prior to the filing date of
      this Quarterly Report (the "Evaluation Date") and;


      c)    Presented in this Quarterly Report our conclusions about the
      effectiveness of the disclosure controls and procedures based on our
      evaluation as of the Evaluation Date;


5.    The registrant's other certifying officers and I have disclosed, based on
our most recent evaluation, to the registrant's auditors and the audit
committee of registrant's board of directors (or persons performing the
equivalent function):


       a) All significant deficiencies in the design or operation of internal
       controls, which could adversely affect the registrant's ability to
       record, process, summarize and report financial data and have identified
       for the registrant's auditors any material weaknesses in internal
       controls; and

       b) Any fraud, whether or not material, that involves management or
       other employees who have a significant role in the registrant's internal
       controls; and


6.     The registrant's other certifying officers and I have indicated in
this Quarterly Report whether or not there were significant changes in internal
controls or in other factors that could significantly affect internal controls
subsequent to the date of our most recent evaluation, including any corrective
actions with regard to significant deficiencies and material weaknesses.



Date:	July 28, 2003


                                          FOOD TECHNOLOGY SERVICE, INC.
                                          By:   / s/   Richard G. Hunter
                                          ----------------------------
                                          Richard G. Hunter, Ph.D.
                                          Chief Executive Officer and
                                                Chief Financial Officer