Food Business News - June 28, 2016 - (Page 84)

Ingredient Markets Market commentary for one-week period ended June 24, 2016 Beet and cane sugar Sweeteners tighter supplies as the cane harvest there was winding down. There was uncertainty Refined beet sugar prices were weaker about Mexico's share of the recently - Change from - Year last week as supplies remained readily increased 2015-16 U.S. import quota. The June 24 June 17 June 10 ago Midwest beet 29.00 @ 31.00 -1.00 -1.00 34.00 available. Cane sugar prices held steady 2016-17 U.S. import quota was set to be Pacific beet* 34.00 @ 35.00 - -2.00 39.00 amid ongoing good demand. announced in early July. Cane** 33.00 @ 36.00 - - 34.50 Bulk refined beet sugar prices were Sugar beet condition ratings as of June *Delivered lowered by 1c to 29c to 31c a lb f.o.b., with 19 were mixed from a week earlier but **Spot raw plus 7% plus 3.4c with 2% cash discount. most activity said to be in the 29c-to-30c-a- remained mostly high, according to state Raw cane lb range but with some trading below 29c U.S. Department of Agriculture field offices. Delivered refiner, cents per lb a lb. Most major beet processors still had Beets in Minnesota were rated 88% good - Change from - Year sugar to sell for 2016. Pricing for 2017 was to excellent (90% a week earlier) and 12% Contract June 24 June 17 June 10 ago about 1c to 2c a lb above nearby levels. fair. North Dakota beets were 59% good to Nearby 28.00 +.10 - 24.75 Bulk refined cane sugar prices were excellent (70% a week earlier), 34% fair and July-September 28.00 +.10 - 24.80 steady at 33c to 36c a lb f.o.b. plant for 2016 7% poor to very poor. Michigan beets were October-December 27.85 +.35 -.05 24.85 delivery, with material readily available 76% good to excellent (76%), 18% fair and January-March 26.80 - +.05 24.90 at 33c to 34c a lb f.o.b. and even slightly 6% poor to very poor. Idaho beets were 99% April-June 26.80 +.05 - 24.80 under 33c in some cases in the South and good to excellent (99%) and 1% fair. Colorado July-September 26.75 +.05 -.05 25.10 Southeast. Northeast cane sugar mostly beets were 82% good to excellent (81%), 15% was near the higher end of the full price fair and 3% poor to very poor. Wyoming beets I.C.E. No. 11 raw sugar futures range. Sellers noted good interest from were 88% good (86%) and 12% fair. cents per lb buyers for 2017 cane sugar. Louisiana sugar cane as of June 19 was 20 Delivered West coast refined cane sugar rated 80% good to excellent (79% a week 18 was unchanged at 38c to 39c a lb with earlier), 17% fair and 3% poor to very poor, offers said to be "hard to come by." Refined the state U.S.D.A. office said. 16 beet sugar was quoted at 34c to 35c a lb, About a week after the Philadelphia City 14 delivered West coast, unchanged from a Council approved a 1.5c-per-oz tax on both week ago and readily available. sweetened and diet sodas and numerous 12 New refined sugar offers from Mexico other drinks, effective Jan. 1, 2017, San 10 for 2016 were said to have "dried up," with Francisco supervisors last week added a J S D M 2017 offers also lacking. Exporters faced measure to that city's November ballot for a 1c-per-oz tax on sugary drinks. Similar Sweeteners moves were expected in a few other cities. Delivered basis, cents per lb Corn sweetener markets were routine with contracted shipments on time and no spot HFCS spot price1 HFCS list price2 Regular corn shortages evident. While negotiations for flatsyrup3 Dextrose 42% HFCS wet 55% HFCS wet June 24 Year ago priced 2017 corn sweetener contracts may 26.750 31.750 net Midwest 22⅜@ 23⅜ 18⅞@ 19⅞ East 39.00@41.00 be a few weeks away (although expected 31.75 29.000 34.250 net Northeast 23¾@ 24¾ 20¼@ 21¼ Midwest 38.00@40.00 to begin early again this year like last year), 34.00 28.500 34.000 net Southeast 23⅞@ 24⅞ 20⅜@ 21⅜ West 41.00@43.00 trade sources said talks between users and 34.00 28.000 33.500 net Southwest 23½@ 24½ 20@ 21 35.00 corn refiners on 2017 tolling agreements were 29.250 34.750 net West 24⅜@ 26⅜ 20⅞@ 22⅞ 36.25 under way with some already completed. 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. Pails, Drums, Totes and Tanker Trucks. Our 24/7 manufacturing facility is strategically located in the Midwest. FSSC 22000 and Kosher Certified. Honey Products: Amber, Light Amber, Extra Light Amber, Organic Honey 888-SUGAR-99 * 84 FOODBUSINESSNEWS ® June 28, 2016

Table of Contents for the Digital Edition of Food Business News - June 28, 2016

Food Business News - June 28, 2016
What will Brexit mean for U.K. food and agriculture?
Obesity rate rises as sweetener use declines
Beverage Business News - Protein on trend in R.-T.-D. beverages
Table of Contents
Web Contents
Editorial - Market fragmentation intensifies C.P.G., retail competition
Coca-Cola invests in organic aloe water beverage maker
Dunkin’ Donuts evolves with expansion of beverage portfolio
Philadelphia passes tax on caloric, diet beverages
Post said to be considering combining with Lamb Weston
Teasdale adds to private label portfolio with purchase of Mesa Foods
CVS to expand selection of healthier foods, will add to private label line
Monster moving beyond energy beverages with debut of Mutant, Hydro
Coca-Cola changing its soft drink strategy to focus on ‘shaping choice
McDonald’s to relocate corporate headquarters
Smucker earnings soar on coffee sales, pet food acquisition
A squeeze on pectin
Picking out pectin alternatives
Kellogg launches $100 million venture capital fund
Kellogg adds Pure Organic to Kashi portfolio
TreeHouse Foods profiles the changing private label consumer
Martha Stewart enters meal kit market with delivery subscription service
B&G Foods ready to ‘fight back’ in frozen food aisle
Washington - Audit finds F.D.A. must improve food recall process
Snack Trends - Key trends unveiled at Sweets & Snacks 2016
Crispy, convenient and gluten-free
When gluten-free orders get serious
Company profile - WhiteWave Foods eyeing $3 billion in additional U.S. plant-based foods sales
WhiteWave’s Earthbound Farm brand set to soar in fresh and frozen
Industry Images - Record attendance at 2016 Purchasing Seminar
New Food Products
Ingredient Market Trends - Post-eleventh hour compromise on G.M.O. labeling
Ingredient Markets
Supplier Innovations and News
Ad Index
Food Business in the News

Food Business News - June 28, 2016