Food Business News - April 26, 2011 - (Page 1)

April 26, 2011 FOODBUSINESS NEWS NEWS, MARKETS AND ANALYSIS FOR THE FOOD PROCESSING INDUSTRY ‘Food versus fuel’ redux W ith corn futures prices recently surging to set new all-time highs, breaking through the ceiling established during the U.S. and world food price crisis of 2007-08, the debate over the nation’s ethanol policy came to the fore once again during two recent congressional hearings. Scott Faber, vice-president of federal affairs for the Grocery Manufacturers Association, on April 13 told members of the Senate Committee on Environment and Public Works that federal support to the corn ethanol industry had the effect of raising the cost of producing food with the higher costs passed on, even if reluctantly, to the consumer. Mr. Faber’s view contrasted with the perspective of Continued on Page 24 Clean label INSIDE challenges A 2007 movie titled “King Corn” sought to blame corn for many of the country’s ills at the time. While the film’s opinion about the largest U.S. crop was jaded, it got the “king” part right. Corn has been for some time and likely will remain in the “driver’s seat” among major commodities. With demand at an all time high and old crop Story on Page 31 Milk: It’s what’s for d dinner? ocusing on new day parts and new venues holds the key to reversing the stubborn long-term trend away from milk consumption, according to a plan developed by the Milk Processors Education Program, a Washington-based trade group charged with promoting dairy products. Recognizing that earlier highly visible approaches have not been effective at generating growth, MilkPEP is embracing a new long-term study Continued on Page 41 F High corn prices generating scant impact on record demand stocks near historical lows, the 2011 corn crop will certainly have an impact on the size and value of other crops, and the market is almost assured of volatility. Despite recent record high corn futures prices, demand appears as strong as ever. “Old crop corn prices declined sharply in the first half of March as it appeared high prices had sufficiently slowed the rate of consumption,” said Chris Hurt, agricultural extension coordinator at Purdue University in his latest Weekly Outlook. “However, a continued high rate of ethanol production, a resurgence of export sales and larger livestock inventories provided evidence that consumption had not slowed.” In its April 8 World Agricultural Supply and Demand Estimates the U.S. Department of Agriculture projected Sept. 1, 2011, U.S. corn carryover at a 15-year Continued on Page 26

Table of Contents for the Digital Edition of Food Business News - April 26, 2011

Food Business News - April 26, 2011
Washington -- ‘Food versus fuel’ redux
Dairy Business News -- Milk: It’s what’s for dinner?
Market Insight -- High corn prices generating scant impact on record demand
Editorial -- Grain volatility as force weighing on public companies
General Mills experiments with Groupon offer
Green Mountain, ConAgra in Swiss Miss cocoa pact
Weaver launches popcorn made with olive oil
Organic industry sales grow 7.7% in 2010
Mariani acquires Wisconsin cranberry processor
Kellogg to sponsor U.S. Olympic, Paralympic teams
Boulder Canyon adding compostable bag
Papa John’s president and co-c.e.o. steps down
Spanish speaking patrons seen with different restaurant habits
Hearthside Food to expand two Michigan plants
J&J to buy frozen handheld business from ConAgra
Subway cuts sodium in Fresh Fit sandwiches
U.S. Foodservice acquires Ritter Food Service
Pinnacle Foods to close Fulton, N.Y., plant
Chipotle planning Asian restaurant concept
Consumer Price Index again climbs 0.5%
McDonald’s earnings up
Lawsuit against Taco Bell withdrawn
Tate & Lyle selling Vietnamese sugar assets
Conant and Wolford to receive G.M.A. awards
Nestle sees strong momentum in quarter
State-inspected meat to cross state lines
Market Insight -- Weather delays shrink window for optimal corn planting
Trends -- The price of simplicity
Ingredient Innovations -- Conversion values
Ingredient Innovations -- Dietary changes may reduce triglycerides
DAIRY BUSINESS NEWS -- Dean seeks buyer for Wisconsin business
DAIRY BUSINESS NEWS -- March milk production up 2.4%
Dairy Business News -- Colombian dairy processor to open U.S. facility
Dairy Business News -- Caribou expands Northern Lite beverage lineup
Dairy Business News -- New York senators reintroduce Dairy COOL Act
Dairy Business News -- Upstate Niagara Cooperative and California Custom Fruits and Flavors earn I.D.F.A. honors
New Product Trends -- Recession has little impact on confectionery
New Product Trends -- Kraft to offer Gevalia coffee in retail
New Product Trends -- Campbell Soup extends V8 V-Fusion line
New Food Products -- Nestle introduces Iron Girl energy bar
New Food Products -- Dunkin’ Donuts launches ‘Hearty Snacks’
New Food Products -- Kellogg launches Eggo FiberPlus Waffl es
INGREDIENT MARKET TRENDS -- I.G.C. sees stable wheat stocks in 2011-12, tighter corn stocks
Ingredient Markets
Supplier Innovations and News -- Chr. Hansen invests in color facilities
Supplier Innovations and News -- Acquisition involves stevia, fermentation
Supplier Innovations and News -- Kit detects bacteria on equipment, food
Supplier Innovations and News -- Plates test for beverage contaminants
Supplier Innovations and News -- Fill dressings, soups and sauces quickly
Supplier Innovations and News -- Yeast extract might replace antibiotics in poultry
Supplier Innovations and News -- Barry Callebaut opens pilot plant in U.S.
Classifi eds
Ad Index
Food Business in the News

Food Business News - April 26, 2011