Food Business News - January 26, 2016 - (Page 36)

INGREDIENTMARKETTRENDS In The Spotlight At A Glance Iran likely to remain market largely lost to U.S. wheat hurdles to clear before selling agricultural products into that nation than suppliers from most other competing exporting countries. While Iran under the Shah originated more than half of its wheat imports from the United States during 343,062 307,938 327,866 323,061 337,706 309,677 334,287 342,442 Q4 339,377 310,188 331,514 348,963 Q3 353,311 292,551 316,676 327,982 2011 Q2 Q1 2012 2013 2014 2015 Source: European Cocoa Association 2012 129,007 131,737 138,046 122,886 2011 Q4 Q3 127,692 126,044 131,974 125,332 per tonnes Q2 Q1 2013 2014 121,508 120,359 124,229 118,896 North American cocoa bean grind 119,022 112,768 121,916 120,085 the mid-1970s, the 1979 revolution in that country quickly reduced imports of U.S. wheat to a trickle and then to none until purchases in 2008-09 (1,822,000 tonnes, or 27% of Iran's import total that year, when world wheat supplies were only beginning to rebuild from the lowest levels in decades), 2009-10 (54,000 tonnes) and 2011-12 (323,000 tonnes). Iran remained a major wheat importer during the years after the revolution, but it mostly originated wheat from anywhere but the United States. In recent years, Russia and Kazakhstan have been major suppliers of wheat to Iran, but Australia, Canada, Germany and other nations have sold high-quality wheat into Iran over the years. The U.S. Department of Agriculture forecast Iranian wheat imports from all origins in 2015-16 at 4 million tonnes, down 2.3 million tonnes from 2014-15. The decrease in import needs for 2015-16 compared with the previous year reflected Iran's larger crop in 2015. Kazakhstan has been working closely with Iran to establish improved rail connections with the aim of facilitating wheat shipments to Iran. Kazakhstan and Iran also recently built a 700,000-tonne grain terminal near Tehran on the Caspian Sea to receive Kazakh wheat. FBN 354,603 355,763 378,042 349,756 T in tonnes 124,028 124,970 124,621 118,926 he lifting of United Nations and certain United States economic sanctions on Iran announced last week was unlikely to significantly affect agricultural trade patterns to the benefit of U.S. exporters, at least not anytime soon. World food exports to Iran largely were exempt from the sanctions, although U.S. exporters had a few more European cocoa bean grind 2015 Source: National Confectioners Association Ingredient Indexes ill Ice Cream Vanilla Commodity Trends Crude oil futures Milk Chocolate Bar $150 per barrel $120 $90 $60 $30 $0 2003 2005 2007 2009 2011 2013 2015 Source: U.S. Department of Agriculture 36 FOODBUSINESS NEWS ® January 26, 2016

Table of Contents for the Digital Edition of Food Business News - January 26, 2016

Food Business News -- January 26, 2016
Global turmoil clouds Unilever’s outlook
D.O.J. toughens stance on foodborne illness accountability
Dairy Business News - Competition spurring yogurt innovation
Table of Contents
Web Contents
Editorial - Food uncertainty in zero-rate era end
Jelly Belly sees opportunities in organic
Dang Foods adds onion chips to portfolio
Enjoy Life Foods on the cusp of enjoying greater growth
Bone broth debuts in a K-cup format
Brynwood Partners to acquire Sunny Delight Beverages
Krave founder in new food endeavor
A long road ahead for Chipotle
Oberto Brands to streamline operations
Hain Celestial under pressure in the U.S.
Inventure expands in frozen food
Kroger remains Wall Street darling
Wal-Mart to close 269 stores
Market Insight - Sugar intake in the spotlight
Ingredient Trends - Savory Flavors sliding into sweet applications
Ingredient Innovations - Egg replacer revelations
U.S.D.A. detects avian influenza in turkeys
New Food Products
Ingredient Market Trends - Iran likely to remain market largely lost to U.S. wheat
Ingredient Markets
Supplier Innovations and News
Ad Index
Food Business in the News

Food Business News - January 26, 2016