Food Business News - November 8, 2011 - (Page 1)

November 8, 2011 FOODBUSINESS NEWS NEWS, MARKETS AND ANALYSIS FOR THE FOOD PROCESSING INDUSTRY Kraft Foods profits climb in third quarter NORTHFIELD, ILL. — Improved marketing and the launch of several successful new products helped spur a 22% increase in earnings at Kraft Foods Inc. in the third quarter. Net income in the period ended Sept. 30 totaled $922 million, equal to 52c per share on the common stock, up from $754 million, or 43c per share, in the same period of last year. Adjusted operating income in the third quarter was $1,810 million, up 12% from $1,613 million in the same period a year ago. Kraft said the gain was driven by effective management of input costs through pricing and productivity, favorable foreign currency and growth Continued on Page 18 Swinging the pendulum on Smoothie market grows through innovation, penetration B uying fruit, yogurt and milk, adding ice and even owning a blender are no longer required to enjoy a smoothie at home thanks to recent innovations. Consumers are taking note of these convenient products as demand for health and wellness increases. “Smoothies are very versatile and can fill many needs,” said Vanessa Beltran, business manager for the frozen fruit business of Dole Food Co., Westlake Village, Calif. “They can be looked at as not only a nutrition replacement, but a treat, a source of energy, or for moms a great way to add fruit and yogurt to kids’ diets.” Dole recently introduced Fruit Smoothie Continued on Page 40 Story on Page 30 Fall harvest calm in wake of wild growing season he fall harvest seemed calm, if not outright peaceful, after a season of late plantings, floods and droughts that affected nearly every crop from apples to wheat, including corn, soybeans and sugar beets, with final production estimates for 2011 fall row crops coming from the T U.S. Department of Agriculture this week. Although modestly behind last year’s amazing early harvest, and while the 2011 harvest got off to a late start for some crops due to late planting or ongoing wet conditions, benign weather allowed the fall harvest to wind down ahead of five-year averages for most major row crops. Corn was in aggregate 78% harvested in the 18 major producing states as of Oct. 30, slightly more than a week ahead of 62% as the 2006-10 average for the date, according to the U.S. Department of Agriculture’s Oct. 31 Crop Progress report. Some key states were even further along. Corn harvest in top-producing Iowa was 87% completed, far ahead of 56% as its five-year average, No. 2 Illinois was 89% (71% average) and No. 4 Minnesota was 93% (60% average). At 73% Continued on Page 26

Table of Contents for the Digital Edition of Food Business News - November 8, 2011

Food Business News - November 8, 2011
Kraft Foods profits climb in third quarter
Smoothie market grows through innovation, penetration
Fall harvest calm in wake of wild growing season
Editorial - Powerful people and their role in the food industry
Appellate court dismisses food labeling lawsuit
Core business performs solidly at Sara Lee
Chobani to build new facility in Idaho
Bunge forms Indonesian palm oil joint venture
CHS acquires Creston Bean Processing
Weaker melon, tomato sales hurt Fresh Del Monte net
Pilgrim’s Pride swings to loss in quarter
Green Mountain Coffee to buy facility in Virginia
State of Ohio withdraws dairy labeling regulation
Smucker to buy Sara Lee’s food service coffee business
Hain acquires U.K.-based chilled foods maker
B&G Foods to buy some Unilever brands
Mexican poultry processor to acquire O.K. Industries
North American grocery business to keep Kraft Foods name
Hain Celestial first-quarter earnings rise
M. Carl Johnson joins Del Monte Foods as v.p. of brands
September red meat production up 1% from year ago
Amid internal investigation, Diamond acquisition of Pringles delayed to 2012
Restaurant performance trends upward in September
Michel Cup to join Sara Lee as CoffeeCo c.f.o.
Washington - Study calls for review of food additive approval process
Ingredient Innovations - Swinging the pendulum of fats
Research seeks to give protein the same functions as fat
Sports Nutrition - Nutrition workout
New Food Products - Dole launches frozen fruit, smoothie products
New Food Products - Coca-Cola launches Minute Maid Pure Squeezed juices
New Food Products - Tyson reintroduces Weaver Chicken Roll
New Food Products - StarKist adds Autentico line
New Food Products - Diamond expanding Emerald Breakfast on the go! line
New Food Products - GNP Co. introduces frozen chicken line
Ingredient Market Trends
Ingredient Markets
Supplier Innovations and News - Survey shows interest in naturally-sourced colors
Supplier Innovations and News - New line helps keep fish fresh longer
Supplier Innovations and News - Glanbia launches sugar reduction system
Supplier Innovations and News - Cargill, BASF seek to add EPA, DHA to canola oil
Supplier Innovations and News - Base extends shelf life of tortillas
Supplier Innovations and News - Tate & Lyle to commercialize salt reduction technology
Ad Index
Food Business in the News

Food Business News - November 8, 2011