Food Business News - May 3, 2016 - (Page 54)

Ingredient Markets Market commentary for one-week period ended April 29, 2016 Beet and cane sugar Sweeteners Bulk refined beet sugar prices also were unchanged last week, quoted in a range of Cash refined sugar markets mostly were 30c to 31c a lb f.o.b. plant for delivery in - Change from - Year quiet last week with prices unchanged and 2016, with the low end of the range still Apr. 29 Apr. 22 Apr. 15 ago Midwest beet 30.00 @ 31.00 - -.50 35.50 trading at a steady but rather slow pace. applying mostly to large sales. Offers were Pacific beet 37.00 @ 38.00 - - 39.00 Sugar beet planting continued to advance as high as 33c a lb, but most trading was Cane* 33.00 @ 35.00 - - 35.50 rapidly. Corn sweeteners were routine. between 30c and 31c, with some buyers *Spot raw plus 7% plus 3c with 2% cash discount. Bulk refined cane sugar prices were seeking lower values. Beet sugar remained unchanged but firm at 33c to 35c a lb available from several processors. Sales of Raw cane f.o.b. plant for 2016 delivery. Cane sugar beet sugar for 2017 appeared to be limited Delivered refiner, cents per lb continued to sell well below offers as high as amid a lack of urgency from buyers and - Change from - Year 38c a lb. Raw cane sugar supplies remained confidence upside potential was limited. Contract Apr. 29 Apr. 22 Apr. 15 ago tight, which, in turn, meant tight refined Sugar beet planting as of April 24 Nearby 28.35 -.65 +.60 24.40 cane sugar supplies from some refiners advanced to 61% in the four major states May-June 28.35 -.65 +.60 24.40 and a firm tone to the market. Contributing with the largest gains for the week in July-September 28.10 -.90 +.35 24.50 support to refined cane prices was ongoing Michigan (up 36 percentage points), North October-December 26.95 -.45 +.30 24.80 good demand for non-bioengineered Dakota (up 27 points) and Minnesota (up January-March 26.30 +.20 +.35 24.60 cane sugar as more companies appeared 19 points). The four-state aggregate was up April-June 26.30 - +.40 24.60 to be moving away from bioengineered from 40% a week earlier, far ahead of the ingredients (including beet sugar) for 2011-15 average of 36%, but behind 72% a I.C.E. No. 11 raw sugar futures labeling reasons as Vermont's labeling law year ago, the U.S. Department of Agriculture cents per lb takes effect July 1. said in its Crop Progress report. Beets were 18 Cane sugar offers out of Mexico remained 65% planted in Idaho (82% last year and limited or at uncompetitive pricing due to 76% as the average), 73% in Minnesota (79% 16 strong prices in Mexico. and 28%), 52% in North Dakota (74% and 14 New sales of domestic cane sugar for 26%), and 37% in Michigan (38% and 32%). 2017 were seen at 1c to 2c above 2016 U.S.D.A. offices in other states reported 12 levels. Inquiries outpaced sales, and beets planted at 52% in Colorado (48% last traders continued to report reluctance year, 33% as the average), 33% in Wyoming 10 from some sellers to provide cane sugar (30% and 21%), 38% in Montana (39% and M A N F offers for next year.  25%), and 40% in Oregon (59% last year). Louisiana cane was rated 64% good to Sweeteners excellent, 31% fair and 5% poor to very poor Delivered basis, cents per lb as of April 24, down from a week earlier but still far better than a year ago. HFCS spot price1 2015 prices HFCS list price2 Regular corn Nearby New York world raw sugar syrup3 Dextrose 42% HFCS wet 55% HFCS wet Apr. 29 Year ago futures turned lower after midweek on 26.750 31.750 net Midwest 22⅜@ 23⅜ 18⅞@ 19⅞ East 39.00@41.00 pressure from record sugar production in 31.75 29.000 34.250 net Northeast 23¾@ 24¾ 20¼@ 21¼ Midwest 38.00@40.00 Brazil during the first half of April. 34.00 28.500 34.000 net Southeast 23⅞@ 24⅞ 20⅜@ 21⅜ West 41.00@43.00 34.00 Corn sweetener markets remained quiet 28.000 33.500 net Southwest 23½@ 24½ 20@ 21 35.00 with contracted shipments on schedule and 29.250 34.750 net West 24⅜@ 26⅜ 20⅞@ 22⅞ 36.25 spot supplies adequate. 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. 100% Pure & Natural. We offer Pails, Drums, Totes and Tanker Trucks. Our 24/7 manufacturing facility is strategically located in the Midwest. We are FSSC 22000 and Kosher Certified. Honey Products: Amber, Light Amber, Extra Light Amber, Organic Honey 888-SUGAR-99 * 54 FOODBUSINESSNEWS ® May 3, 2016

Table of Contents for the Digital Edition of Food Business News - May 3, 2016

Food Business News - May 3, 2016
Dr Pepper pivoting with the consumer
New front opens in the battle over sodium
Beverage Business News - Beverage makers capitalizing on dairy
Table of Contents
Web Contents
Editorial - Vermont’s immediate impact is becoming clearer
Three meals a day still the American way
Mondelez battling weakness in biscuit market
Pinnacle picks Mondelez exec as new c.e.o.
Chipotle Mexican Grill in the midst of a slow recovery
Hormel sells Diamond Crystal Brands
Starbucks sets forth single-serve strategy
PepsiCo initiating transformational innovation agenda
McCormick acquires Australian herbs company
Costco eyes Nebraska for new poultry plant
Hershey still seeking answers to slow growth
Nestle, R&R to create world’s third largest ice cream company
Saputo details succession plan for presidency
Papa John’s removes HFCS from menu
Danone building strength in yogurt
Dannon to go non-G.M.O.
Taco Bell to limit antibiotics in chicken
Dr. Praeger’s focused on keeping brand fresh
PepsiCo appoints new global food service leader
NatureBox moves from snail mail to retail
Market Insight - The good and bad of El Nino, La Nina
Ingredient Trends - Clean label gains momentum
Food packaging and clean label
Ingredient Innovations - Red means go in color innovation
Specialty dairy ingredients used in beverages
New Food Products
Ingredient Market Trends - I.G.C. forecasts world wheat stocks at new record in 2016-17
Ingredient Markets
Supplier Innovations and News
Ad Index
Food Business in the News

Food Business News - May 3, 2016