Food Business News - October 23, 2012 - (Page 41)

Ingredient Innovations Ushering in the s suppliers prepare to market high-oleic soybean oil in commercial quantities, they may seek advice. Go-to-market strategies should incorporate growers, processors and food companies, said Richard Wilkes, director of food applications with Monsanto. “We don’t want to commercialize this in isolation,” Mr. Wilkes said during a June 28 session at the Institute of Food Technologists’ annual meeting and food exposition in Las Vegas. “Low-lin soybean oil was not the proudest moment for many of us. Either we didn’t have enough oil or we had way too much oil. We didn’t match that with what food company needs were. We’ve taken that and learned and come up with strategies to commercialize (high-oleic soybean oil).” Low-linolenic soybean oil, which entered the market about seven years ago, may have taken unhealthy trans fat out of products, but problems arose in other areas, such as supply and next generation A Suppliers of high-oleic soybean oil work to get supply right how the oil increased the time needed to clean restaurant equipment. Suppliers expect high-oleic soybean oil, called a next generation oil, to help solve those issues. Now, the food industry awaits supply to reach commercial levels large enough to meet their needs. Supply of high-oleic soybean oil may reach 1 billion lbs by 2016 and 4 billion lbs by 2020, said Richard Galloway, a consultant for the United Soybean Board, during the I.F.T. session. Soybeans in total are grown on about 75 to mil million acres in North Americ Mr. Galloway said, and ica, 1 crushing plants are dedi15 c cated to soybeans. Pioneer Hi-Bred, a busin ness unit of DuPont and bas based in Des Moines, Iowa, offer offers Plenish high-oleic soybean beans, which are used to produce high-oleic soybean oil. The oil is more than 75% oleic content and has 20% less saturated fat than commodity soybean oil. Linolenic acid content of less than 3% compares to 7% for commodity soybean oil. Less linolenic acid means the oil is more stable. Archer Daniels Midland Co., Decatur, Ill., will contract for Plenish soybeans October 23, 2012 FOODBUSINESS NEWS ® 41

Table of Contents for the Digital Edition of Food Business News - October 23, 2012

Food Business News - October 23, 2012
Private label penetration forecast to grow in U.S.
Softer demand slows rate of Nestle sales growth
Drought’s impact becomes clearer
Table of Contents
Web Contents
Editorial - Food issues dampened before election
Culver acquisition boosts B&G third-quarter income
Foreign exchange rate cuts into McDonald’s earnings
Structural changes cut into PepsiCo sales in third quarter
Legislation proposed to track antibiotic use on farms
Dean Foods posts preliminary WhiteWave-Alpro results
California poultry processor files for Chapter 11 protection
Peapod testing virtual grocery stores in the Northeast
Shell egg prices push Cal-Maine income up sharply
ConAgra to close pork processing plant
Cereal Partners Worldwide to reduce sugar, sodium
Frozen food sales projected to remain sluggish
New food safety effort targets consumers
ConAgra Foods looks to heighten focus on nutrition addition
Cholesterol profile of U.S. adults improving
Food and beverage C.P.I. increases in September
Strong China results boost Yum! earnings
Global Greek yogurt introductions accelerate
Sunland recall reverberates throughout the industry
JBS USA has option to acquire XL Foods
Washington - F.D.A. issues guidance for food facility registration
Sports Nutrition - Broadening the appeal for sports nutrition products
Ingredient Innovations - Ushering in the next generation
Convenience Store Trends - On-the-go gourmet
Beverage Business News - Looking for a Pepsi rebound
Old Orchard debuts frozen sweet tea line
Red Bull to add fruit-flavored energy drinks
Lawsuit takes aim at New York’s 16-oz beverage rule
Coca-Cola profit climbs on volume growth
Beverage industry embraces calorie counts on vending machines
Journal report links sugary beverages to obesity
Tingyi partnership poised for flight
Beverage still tops at Pepsi...barely
Beverage Trends - An (energy) shot in the arm
New Food Products
Ingredient Market Trends - CME Group to acquire the K.C.B.T
Ingredient Markets
Supplier Innovations and News
Ad Index
Food Business in the News

Food Business News - October 23, 2012