Food Business News - May 24, 2011 - (Page 1)

May 24, 2011 FOODBUSINESS NEWS NEWS, MARKETS AND ANALYSIS FOR THE FOOD PROCESSING INDUSTRY F.D.A. issues first new rules under food safety act WASHINGTON — The Food and Drug Administration on May 4 announced the first two regulations to be issued under the F.D.A. Food Safety Modernization Act (F.S.M.A.), signed into law by President Barack Obama in January. Both rules will take effect July 3. The first rule strengthens the F.D.A.’s ability to prevent potentially unsafe food from entering commerce by allowing the agency to administratively detain food the agency believes has been produced under unsanitary or unsafe conditions. Previously, the F.D.A.’s ability to detain food products applied only when the agency had credible evidence that a food product was contaminated or mislabeled Continued on Page 35 INSIDE Story on Page 41 Dean Foods income down but Engles remains upbeat En DALLAS — Net income at Dean Foods Co. fell 41% in the first quarter as decreased volumes in the company’s Fresh Dairy DirectMorningstar segment weighed on results. Results were better than expected, and the company raised earnings guidance for 2011. For the quarter ended March 31, the company had income of $25,263,000, equal to 14c per share on the common stock, which compared with income Continued on Page 47 Supply questions bolster domestic cash sugar prices he sugar market was in some turmoil last week during the International Sugar Organization/DataGro New York Sugar Conference, commonly referred to as “sugar week.” International corporate news highlighted conversation at the meeting while forecast increased global sugar production kept pressure on T futures prices but appeared inadequate to keep cash prices in check, all underscored by U.S. Department of Agriculture data showing growing demand for sugar at the expense of corn sweeteners in the United States and an opposite trend developing in some other countries. The biggest news of the week may have been an announced marketing venture between Sucden Americas Corp., a subsidiary of the privately held French company Groupe Sucres et Denrees, a major global sugar trader, and the Amalgamated Sugar Company L.L.C., the United States’ second largest beet sugar producer. The transaction, still pending approval by both companies’ boards of directors but expected to close in early June, would create a joint venture called National Sugar Marketing that may sell Continued on Page 38

Table of Contents for the Digital Edition of Food Business News - May 24, 2011

Food Business News - May 24, 2011
F.D.A. issues fi rst new rules under food safety act
Dean Foods income down but Engles remains upbeat
Supply questions bolster domestic cash sugar prices
Web Contents
Editorial - Much to be gained from genetic modifi cation
Kronos Foods acquires pocket bread maker
Beatriz Perez to sustainability offi cer at Coca-Cola
Cargill resumes Ivory Coast cocoa operations
Burger King swings to loss in quarter
Amy’s Kitchen expanding in South Caroli
Hershey’s David J. West moving west to lead Del Monte Foods
J.M. Smucker acquires Rowland Coffee brands
Mizkan Americas buys Border Foods
Banana demand boosts Fresh Del Monte earnings
Jones Soda narrows loss in quarter
Economy seen reducing shopping frequency
Nestle Waters to acquire Sweet Leaf Tea Co.
Cargill, Teys to create beef j.v. in Australia
Buckhead Beef to open new facility in North Carolina
Tyson to buy back 22.5 million shares
Rocky Mountain Chocolate earnings, sales up in ’11
Kevin Walling to join Hershey as chief people offi cer
S.&P. outlook for Pilgrim’s Pride turns negative; ratings affi rmed
DuPont completes bid for Danisco
McDonald’s April sales rise 6%
Food and beverages index rises 0.4%
Campbell traces progress on nutrition
Pinnacle Foods earnings up sharply in fi rst quarter
Tyson Foods income fl at in second quarter
General Mills executive eyes improving operating environment
Groups call for McDonald’s to halt certain marketing efforts
F.D.A. issues fi rst new rules under food safety act
Senate acts to raise penalties for violating new food safety law
Supply questions bolster domestic cash sugar prices
Consumers confl icted about weight management goals
The full factor
Cold Stone Creamery adds fl avors to menu
Sargento launches stand-up Fridge Pack
Dean Foods income down but Engles remains upbeat
Dean Foods income down 41% in fi rst quarter
General Mills ahead in pact to acquire majority stake in Yoplait
Process reduces cholesterol levels in butter
New processed cheese comes with less sodium
R.-T.-D. coffee segment struggles to gain traction
I.F.T. heads to New Orleans
Portion control evolution
Lunchables line adds full serving of fruit
IHOP launches frozen breakfast line
Alouette introduces new spreadable cheese flavor
Hillshire Farm adds to turkey sausage line
Day-Lee Foods expands Purely Asian brand
Kellogg to launch Rice Krispies Gluten Free in June
ConAgra adds ‘natural’ Peter Pan peanut butter
Bruegger’s introduces Skinny Bagel
Ingredient Markets
Domino enters stevia market through collaboration
Fruit powder provides vitamins, minerals
Sensient Colors names general manager
Salt replacer works in poultry applications
Conditioner assists in cutting calories in muffi ns
Barry Callebaut invests in Malaysian cocoa
Takasago invests in Brazilian facility
Loggers monitor transportation temperature
Classifi eds
Ad Index
Food Business in the News

Food Business News - May 24, 2011