Food Business News - October 9, 2012 - (Page 45)

INGREDIENTMARKETTRENDS In The Spotlight At A Glance August red meat production in million lbs Canadian canola crop smaller than expected A smaller-than-expected Canadian canola crop heightened market concerns over a tightening in edible oil supply in North America in the current marketing year. Statistics Canada on Oct. 4 estimated the Canadian canola crop at 13,359,000 tonnes, down 13% from the record 15,410,000 tonnes forecast in August and down Canadian canola products in thousand tonnes ‘03 ‘04 ‘05 ‘06 ‘07 ‘08 ‘09 ‘10 ‘11 ‘12 Source: Statistics Canada 8% from 14,493,000 tonnes in 2011. The trade expected a 14.7-milliontonne estimate from Statistics Canada, which still would have made for record production this year. Statistics Canada said in commentary accompanying the production estimates, “Despite a larger harvested area compared with 2011, Prairie farmers anticipate an 8.1% decline in canola production to 13.2 million tonnes. This is a result of a 17.5% drop in yield to 28.2 bus per acre.” In the wake of the canola crop estimate, the premium to Chicago soybean oil futures prices asked for refined canola oil in the U.S. Midwest widened to 6¼c per lb from 5c, and the cash basis on U.S. soybean oil advanced as refiners pondered the ramifications on soybean oil demand of a tighter-thanexpected canola supply. Statistics Canada estimated Canadian wheat production in 2012 at 26,733,000 tonnes, down 280,000 tonnes from the August forecast but up 6% from 25,261,000 tonnes in 2011. It would be the largest Canadian wheat crop since 26,848,000 tonnes in 2009. Durum production was estimated at 4,398,000 tonnes, up 125,000 tonnes from the August forecast and up 5% from 4,172,000 tonnes in 2011. Production of spring wheat other than durum was estimated at 18,641,000 tonnes, down 2% from the August forecast but up 3% from 18,031,000 tonnes a year ago. Winter wheat production was estimated at 3,694,000 tonnes, up 12,000 tonnes from the August forecast and up 21% from 3,058,000 tonnes in 2011. Statistics Canada estimated Canadian oats production at 2,939,000 tonnes, down 42,000 tonnes from the August forecast and down 2% from 2,997,000 tonnes in 2011. FBN Beef 1,997.8 1,892.1 2,367.5 2,386.9 2012 2011 Pork Source: U.S. Department of Agriculture Fresh apple consumption per capita, in lbs 18.81 16.91 16.67 17.74 16.41 14,493 15.92 16.25 15.45 15.31 ® 12,889 9,483 6,771 7,674 9,000 9,601 12,643 12,773 13,359 2004-05 2006-07 2008-09 2010-11 2012-13 Source: U.S. Department of Agriculture Ingredient Indexes Ch Pi Cheese Pizza Commodity Trends Corn and soybean futures prices $20.00 $17.50 $15.00 $12.50 $10.00 Oct. Nov. Dec. 2011 ® F Frozen Apple Pie $8.50 $7.50 $6.50 $5.50 per bu Jan. Feb. Mar. 2012 Apr. May June July Aug. Sept. Oct. $4.50 October 9,OODBUSINESS NEWS 45 F 2012 45 FOODBUSINESSAugust 14, 2012 NEWS 13.95

Table of Contents for the Digital Edition of Food Business News - October 9, 2012

Food Business News - October 9, 2012
Unilever may put Skippy brand up for sale
Fruit prices on the rise
Bio-engineering on the ballot in California
Table of Contents
Web Contents
Editorial - Instant noodles as single food product success
Snyder’s-Lance expands distribution in southwest U.S.
American Sugar buys majority of Belize Sugar Industries
F.A.O. Food Price Index rises in September
Sunland peanut butter recall expands
RAND study shows rapid rise of morbid obesity
Dean puts Morningstar Foods on the trading block
Chiquita Brands names Edward Lonergan as c.e.o.
Smart Balance unveils new name, new structure
Clarkson Grain acquires US Soy
Alpina opens yogurt facility in New York
Chris Solly to c.e.o. of Ehrmann USA
ConAgra to expand frozen meals production
Campbell Soup closing two facilities
Jack Link’s acquiring Nebraska facility
New Kraft seeks to unlock ‘true potential'
Mondelez establishes global ambitions
August Restaurant Performance Index rises
Hershey to source 100% certified cocoa by 2020
Kroger introducing ‘Simple’ brands
Environmental claims to face greater scrutiny
Health and Wellness - Sodium reduction remains a priority
Ingredient Innovations - GRAS for probiotics seen as step toward market acceptance
Studies focus on probiotic benefits
New Food Products
Ingredient Market Trends
Ingredient Markets
Supplier Innovations and News
Ad Index
Food Business in the News

Food Business News - October 9, 2012