Food Business News - July 19, 2011 - (Page 1)

July 19, 2011 FOODBUSINESS NEWS NEWS, MARKETS AND ANALYSIS FOR THE FOOD PROCESSING INDUSTRY Marketing standards for children’s products proposed ARLINGTON, VA. — The Children’s Food and Beverage Advertising Initiative, a program of the Council of Better Business Bureaus, has developed an agreement with member food and beverage companies on nutritional standards of foods and beverages advertised to children. The standards are being released several months after the Federal Trade Commission and several other government agencies proposed more restrictive standards at the request of Congress. “These uniform nutrition criteria represent another huge step forward, further strengthening voluntary efforts Continued on Page 10 Campbell to invest less in sodium reduction CAMDEN, N.J. — The Campbell Soup Co. in fiscal year 2012 plans to reallocate a significant proportion of its base spend on research and development from sodium reduction projects to innovation focused on a broader range of consumer benefits, notably taste and satiety, Denise Morrison, chief operating officer, president and chief executive officer elect, said in a July 12 analyst meeting. She added the company plans to expand its presence in the simple meals area. Through the first nine months of fiscal year 2011, Campbell’s U.S. soup sales declined 5%. “Over a period of many years, our Continued on Page 16 Story on Page 27 U.S. rice production situation changes dramatically Drought and competition for acres limit U.S. production combination of recent U.S.D.A. reports, including Acreage and Rice Stocks on June 30, weekly Crop Progress and last week’s World Agricultural Supply and Demand Estimates, point to a drastic shift from last year’s record large U.S. rice production and soaring ending stocks to potentially the smallest crop A in more than a decade and much tighter ending stocks. The U.S. crop is projected 23% smaller than a year earlier due to lost acres from floods, drought and the planting of other crops. Global 2011-12 rice production, on the other hand, is projected at a record 456.32 million tonnes, up 1% from a year earlier, according to WASDE. As a result, through July 14 the most heavily traded nearby September rough rice future soared more than $2.60 a cwt, or 18%, since June 29, recording daily limit gains four times during that period, and was up more than 70% from a year ago. New crop (November 2011 forward) futures all were trading above $17 a cwt, and the May 2012 contract topped $18 a cwt. While the first survey-based U.S. rice production estimate won’t be released until Continued on Page 23

Table of Contents for the Digital Edition of Food Business News - July 19, 2011

Food Business News - July 19, 2011
U.S. rice production situation changes dramatically
Marketing standards for children’s products proposed
Campbell to invest less in sodium reduction
Editorial - Data transparency hugely important for markets
Dannon to invest $88 million in Ohio yogurt plant
Pfi zer may sell Nutrition business
Nestle Health Science acquires stake in Vital Foods
Hispanic consumers seek authentic menu options
Kraft names Timothy Cofer to European leadership
Gary Lane named c.e.o. of Ottens Flavors
Nestle to buy 60% interest in Chinese confectioner
Sun Capital acquires Contessa Premium Foods
Reser’s Fine Foods to acquire Vaughan Foods
Campbell to invest less in sodium reduction
Hamburger consumption on the rise
Dunkin’ looks to raise $461 million through i.p.o.
Buckhead Beef to build new facility
Global industrial processing of grains in slower growth
Higher adult obesity rates recorded in 16 states
More than 2,000 organizations in support of MyPlate
U.S. rice production situation changes dramatically
Washington - Agreement ends cross-border trucking dispute
Sodium Reduction - Conflicting views on sodium and mortality
Potassium chloride comes with taste issues
Children’s Nutrition - Questions arise about children and food allergies
DAIRY BUSINESS NEWS - Dairy ingredient innovations
DAIRY BUSINESS NEWS - Fonterra names chief executive officer
Dairy Business News - New OptiSol ingredient works with frozen yogurt
Dairy Business News - New Danisco system targets artisan ice cream
Dairy Business News - Regional ice cream maker ceases production
Dairy Business News - Dairy organizations team to form consortium
Dairy Business News - Harris sees consumers continue to focus on value, spending cuts
Dairy Business News - General Mills completes Yoplait acquisition
Dairy Business News - Shadow Beverages acquires Whey-Up brand
Dairy Business News - Dean Foods settles lawsuit for $140 million
Dairy Business News - Sargento Foods expands R.&D. staffi ng
New Product Trends - Beyond meat protein
New Food Products - Zatarain’s introduces frozen meals
New Food Products - Bear Naked launches Nut Cluster Crunch cereal
New Food Products - Kraft adds caulifl ower to new mac and cheese item
New Food Products - AdvancePierre Foods adds Graham Snackers
New Food Products - WhiteWave foods expands product line
New Food Products - Mott’s enters vegetable juice category
New Food Products - Orgain introduces shakes for children
New Food Products - Field Roast launches vegetarian frankfurter
INGREDIENT MARKET TRENDS - Spring wheat crop forecast 11% lower than 2010
Ingredient Markets
Supplier Innovations and News - Caravan launches base for single-serve items
Supplier Innovations and News - B vitamin supplier changes name to Prinova
Supplier Innovations and News -Testing method screens for Salmonella
Supplier Innovations and News - Cargill commits to 2015 sustainable palm oil goal
Supplier Innovations and News - European Commission approves stevia’s use in some foods
Supplier Innovations and News - Kemin hires technical sales manager
Supplier Innovations and News - Bell expands by buying facility
Ad Index
Food Business in the News

Food Business News - July 19, 2011