Food Business News - February 12, 2013 - (Page 11)

New Mexico legislature blocks bioengineering labeling bill SANTA FE, N.M. — Legislation introduced in early January by New Mexico state senator Peter Wirth that would have required the labeling of bioengineered foods sold in the state was rejected by the state legislature due to a procedural issue. Mr. Wirth said he will not reintroduce the bill during this session of the state’s legislature. According to the Santa Fe New Mexican newspaper, a procedural mistake meant that after the senate voted to reject a report on the bill from the Senate Public Affairs Committee on Jan. 30, the senate should have considered the bill “deemed lost” instead of ordering the bill to another committee, under senate rules. “Instead of allowing the committee process to run its course, this procedural rule was invoked to stop the debate in its tracks,” Mr. Wirth told the newspaper. The procedural rejection comes after the New Mexico Legislative Finance Committee released a report on Jan. 22 highlighting the impact the legislation may have had on the state’s economy if it was passed. In the report the New Mexico Environment Department said, the “mandatory labeling of G.M.F.s (genetically modified foods) has been proposed throughout the United States., but has never been enacted at the national, state, or local level. Every food manufacturer in the world who sells/distributes food in New Mexico would have to modify current labeling for food items shipped to New Mexico. “S.B. (senate bill) 18 states, ‘a genetically modified food product that is offered for sale in the state shall be labeled to indicate that the product contains genetically modified material.’ This would imply food offered for sale through restaurants that has genetically modified material in its ingredients would also need to be labeled a genetically modified food. The fiscal impact on the restaurant industry would be significant.” The N.M.E.D. added that the costs associated with the labeling of bioengineered foods would put New Mexico food processors at a disadvantage when they tried to sell their products outside of the state. The group also noted that the legislation may cause confusion for consumers, because the proposed labeling did not address the health or safety aspects of a product. FBN Kraft Foods fills newly-created marketing post NORTHFIELD, ILL. — Deanie Elsner has been named to the newly-created position of chief marketing officer at Kraft Foods Group, Inc. Ms. Elsner was most recently president of Kraft’s beverage business and previously managed Kraft Foods Inc.’s European coffee business. She has been with Kraft since 1992 and was previously with Procter & Gamble and Johnson & Johnson. “Kraft is focusing its resources and energies on leveraging our brands, people and innovation to drive growth,” said Tony Vernon, chief executive officer. “Establishing the chief Elsner marketing officer position will enable us to harness the power of these tremendous assets. Deanie is uniquely qualified to pioneer this role given her success in building some of the world’s most iconic brands throughout her 20-year career at Kraft.” FBN Pork prices may be volatile in 2013 NEW YORK — There has been discussion related to how the drought and its impact on feed prices may impact animal protein processors. The Food & Agribusiness Research and Advisory group at Rabobank anticipates some weakness in pork prices in the first and second quarters of 2013 due to pressures on production and limited growth in global consumption levels. The Rabobank group highlighted three February 12, 2013 “swing factors” it said will impact pork prices during the year, including declines in European hog production due to new housing regulations; how much pork China imports during the year; and whether U.S. production will continue to expand despite a spike in feed costs. Higher prices for pork are expected and necessary for 2013, as the drought in the United States and Black Sea region last year has led to low inventories of feed crops, and adverse weather in pork-producing countries continues to limit production expansion, according to the Research and Advisory Group. There is now no margin for error for world crop production, with pork production and pork pricing in the second half of 2013 highly dependent upon crop growing conditions. There is also uncertainty regarding the pace and magnitude of European Union enforcement of the ban on sow crates. The pace of pork demand growth is the primary unknown for industry margins in 2013, and is dependent upon economic growth in the developing world, according to Rabobank. “Despite the higher feed input costs, the U.S. swine breeding herd has modestly expanded and large scale farming continues to develop at a rapid pace in China, Russia and Brazil,” said David Nelson, an analyst with Rabobank. “There seems to be limited opportunity for a significant increase in pork prices, given this expansion. Chinese hog supplies appear to be sufficient, but recovery in the Chinese economy could stimulate demand growth.” Strong Chinese demand ahead of the Chinese New Year in February supported global pork prices early in 2013. However, the bank’s analysts said, price movements in China will be a key indicator for the year as the market moves into the second quarter. Rabobank forecast global pork prices may come under slight pressure because production growth in China, the United States, Brazil and Russia is expected to be higher than global consumption growth. FBN FOODBUSINESS NEWS ® 11

Table of Contents for the Digital Edition of Food Business News - February 12, 2013

Food Business News - February 12, 2013
China problems may challenge Yum! Brands in 2013
Tyson Foods sees chicken demand rising
Kellogg frozen foods business on the fast track
Table of Contents
Web Contents
Editorial - Starbucks is redefining brand loyalty
General Mills settles Yo-Plus lawsuit
Green Mountain Coffee sees single-serve pack sales rise 21% in first quarter
Soren Schroder named next c.e.o. of Bunge Ltd
New Mexico legislature blocks bioengineering labeling bill
Pork prices may be volatile in 2013
Kraft Foods fills newly-created marketing post
Hershey has big plans in nuts and fruits
American Licorice Co. to expand in Indiana
Unilever to close spreads plant in Atlanta
Greek yogurt may be going to school
Frito-Lay to launch Taco Bell-inspired Doritos
Kellogg income rises on cost-savings, Pringles acquisition
China problems may challenge Yum! Brands in 2013
Juice, baking business come into focus for Starbucks
New product pipelines pump up protein
Washington - 'Smart snack' guidelines get favorable reviews
Market Insight - Per capita calories rise on added fats
Beverage Trends - Oat beverages offer benefits beyond the bowl
Ingredient Innovations - Fiber boosts for whole grain items
Harvard’s approval of 10:1 ratio draws critiques
Beverage Business News - Nothing to see here
New Food Products
Ingredient Market Trends - Open outcry trading of hard red winter wheat futures to shift to Chicago
Ingredient Markets
Supplier Innovations and News
Ad Index
Food Business in the News

Food Business News - February 12, 2013