Food Business News - March 22, 2016 - (Page 46)

Ingredient Markets Market commentary for one-week period ended March 18, 2016 Beet and cane sugar Sweeteners has been stronger, which most attributed to increasing demand for non-bioengineered As has been the case in recent weeks, sugar. Supplies have been somewhat - Change from - Year cash sugar markets were quiet last week tight but should loosen up a bit with Mar. 18 Mar. 11 Mar. 4 ago Midwest beet 31.00 @ 31.50 - - 35.00 amid steady trading and mostly unchanged the government's recent reallocation of Pacific beet 37.00 @ 38.00 - - 40.00 prices. New York raw sugar futures saw some tariff-rate quota imports and with Cane* 32.50 @ 34.00 - - 35.00 fireworks as prices shot upward with both strong shipments of cane sugar from *Spot raw plus 7% plus 4.7c with 2% cash discount. nearby domestic and world contracts Mexico, where the harvest was about 50% posting more than one-year highs. completed after a slow start late in 2015 Raw cane Bulk refined beet sugar prices for nearby due to wet weather. Delivered refiner, cents per lb through Sept. 30, 2016, were steady at 31c Recent action in raw sugar futures - Change from - Year to 31.5c a lb, f.o.b. plant, with continued suggested cane sugar prices may be Contract Mar. 18 Mar. 11 Mar. 4 ago indications of activity slightly below the firming, especially in the case of world Nearby 26.80 +1.00 +1.30 23.85 range and some offer prices above the raws. It should be noted that world raw April-June 26.80 +1.00 +1.30 23.85 range. Bulk refined cane sugar prices held sugar prices remained well below those July-September 26.40 +.65 +.55 24.20 at 32.5c to 34c a lb f.o.b. plant with some in the United States, meaning nearly all of October-December 26.25 +.50 +.45 24.30 offers above that range. Pricing for 2017 Mexico's surplus (within trade agreement January-March 26.30 +.67 +.80 24.50 mostly was 1c to 2c a lb above 2016 levels, limits) will come to the United States. April-June 26.30 +.67 +.82 24.50 although one seller was offering refined Related to the bioengineered beet sugar/ beet and cane sugar at the same price flat non-bioengineered cane sugar demand I.C.E. No. 11 raw sugar futures from spot through 2017. scenario was last week's failure of the cents per lb Trading continued at a steady pace with U.S. Senate to approve a bill establishing a 18 attention shifting more to 2017 coverage, national voluntary food labeling standard although many buyers still have second-half that would have preempted state and local 16 2016 coverage to complete. With ample beet labeling laws for foods with bioengineered 14 sugar supplies and the trade agreement with ingredients. A state labeling law will go into Mexico designed to maintain a minimum effect in Vermont on July 1. 12 13.5% U.S. ending stocks-to-use ratio, a Also on the political scene was Britain's number of buyers have shown little urgency in surprise announcement last week that the 10 completing coverage, especially for beet sugar. government would implement a sugar tax M J S D At the same time, cane sugar demand on beverage manufacturers within two years. While such a tax will be "across Sweeteners the pond," Mexico already has a tax on Delivered basis, cents per lb certain sweetened beverages and snacks, Canada was said to be considering one, HFCS spot price1 2015 prices HFCS list price2 Regular corn and the issue has resurfaced in California, syrup3 Dextrose 42% HFCS wet 55% HFCS wet March 18 Year ago suggesting the sugar tax issue may be 26.750 31.750 net Midwest 22⅜@ 23⅜ 18⅞@ 19⅞ East 39.00@41.00 gaining momentum. 31.75 29.000 34.250 net Northeast 23¾@ 24¾ 20¼@ 21¼ Midwest 38.00@40.00 34.00 Corn sweetener markets were quiet 28.500 34.000 net Southeast 23⅞@ 24⅞ 20⅜@ 21⅜ West 41.00@43.00 with shipments on schedule. There was no 34.00 28.000 33.500 net Southwest 23½@ 24½ 20@ 21 35.00 indication of tight spot supplies at this time 29.250 34.750 net West 24⅜@ 26⅜ 20⅞@ 22⅞ 36.25 as was the case much of last year. FBN 1-Variations in prices often tied to tank car versus truck deliveries. 2-Prices are the lowest available to the publication. 3-Regular 42 DE/43 Baume, f.o.b. tank cars, trucks f.o.b. plant, cents per lb Delicious Honey. The 100% Pure and Natural Ingredient. Processed and packed in the newest facility in the United States. Strategically located in the Midwest allowing easy & cost-effective deliveries coast-to-coast. Amber, Light Amber, Extra Light Amber and Organic Honey available in drums, pails, totes and bulk trucks. FSSC 22000 certified and organic compliant. 888.SUGAR.99 46 FOODBUSINESS NEWS ® March 22, 2016

Table of Contents for the Digital Edition of Food Business News - March 22, 2016

Food Business News - March 22, 2016
Chipotle continues to struggle
G.M.O. labeling: Back to the drawing board?
Dairy Business News - Picking the right fruits, nuts and seeds
Table of Contents
Web Contents
Editorial - Food industry faces challenges as obesity rate rises
General Mills invests in organic cottage cheese maker
Natural Products Expo West - When big companies buy small brands
Alexia Foods homes in on hot potato trends
What’s popping at Angie’s Boomchickapop
Four trends driving growth in organic
Kraft Heinz impressing investors
Wal-Mart revamping fresh food strategy
Target focused on the fundamentals of fresh
Science, safety and seaweed
Market Insight - Wheat, corn, soybeans: Which one will lead?
Flavor Trends - Beyond sriracha
Ingredient Innovations - Reducing the ‘ates’ in meat applications
New Food Products
Ingredient Market Trends - Millers forecast soft red winter wheat crop at 362 million bus
Ingredient Markets
Supplier Innovations and News
Ad Index
Food Business in the News

Food Business News - March 22, 2016