Food Business News - July 31, 2012 - (Page 66)

Food Business in the News “I’ve been looking at Iowa for lots of years, and I’m telling you, I’ve seen stress in July that I’ve never seen. I don’t like what I’ve seen.” David Swenson, an economist at Iowa State University, discussing crop conditions in the state as a result of the drought. “Coffee is the second most important commodity in the world after petroleum. But there is much less research conducted on it than peanuts or kumquats.” Tim Schilling, head of World Coffee Research, a group seeking the genetic material of heartier varieties of coffee. Des Moines Register July 26, 2012 The Wall Street Journal July 19, 2012 “We really are buying as much as we can from local farmers. That food is expensive, and we try to keep prices down. Offering free bread costs money. Also, (chef) Greg is not going to serve anything unless he makes it. His last name is Baker, but he doesn’t bake.” Michelle Baker, co-owner of the Refinery restaurant in Tampa, Fla., discussing the decline of free bread served with meals in restaurants. “There are more adults in this country than there are children. You go where the numbers are.” Harry Balzer, chief food industry analyst at the NPD Group, a research firm in Port Washington, N.Y., discussing Kraft Foods’ effort to market traditional children’s food products to adults. Crain’s Chicago Business Tampa Bay Times July 17, 2012 July 23, 2012 “I’m about changing people’s food habits. There’s no reason why it shouldn’t take off.” Padu Krishnan, a professor at South Dakota State University, who advocates for the use of dried distillers’ grains as an ingredient in food products. “Some of the very exciting (sweeteners) we’re playing with are really small in terms of production and planting, and they need to be nurtured.” Katie Bayne, president of Coca-Cola’s North American soda business, discussing efforts to develop a no calorie carbonated soft drink that tastes the same as the full calorie varieties. The Wall Street Journal July 25, 2012 The Washington Post July 26, 2012 66 FOODBUSINESS NEWS ® October 27, 2009 July 31, 2012

Table of Contents for the Digital Edition of Food Business News - July 31, 2012

Food Business News - July 31, 2012
Slowing global economy pressures McDonald’s net
Big changes may be looming for Dole Food Co.
Drought effects go well beyond corn, soybean crops
Table of Contents
Web Contents
Editorial - Global food parallels oil refining
Investments help drive earnings gain at Hershey
Prepared foods market to reach $32.45 billion in 2012
PepsiCo earnings fall on restructuring costs
Private investment group to buy Peet’s Coffee for $1 billion
Sales of Fairtrade-certified products grow 12%
Annie’s earnings climb 18% in first quarter
Food and beverage C.P.I. up 0.1% in June
Nestle Health Science acquires stake in medical foods company
Starbucks breaks ground on $172 million facility
Cal-Maine to buy egg production assets
Emmi Roth expanding in Wisconsin
B&G profit rises behind Culver Specialty business
Paramount Citrus acquires Healds Valley Farms
Washington - Government takes steps to aid drought-stricken farmers and ranchers
Ingredion: More than a catchy name
Ingredient Innovations - The next step in sodium reduction
Health and Wellness - Trans fats in review
Industry Images - Images from the I.F.T.
New Food Products
Supplier Innovations and News
Ingredient Market Trends
Ingredient Markets
Ad Index
Food Business in the News

Food Business News - July 31, 2012