Food Business News - January 3, 2012 - (Page 1)

January 3, 2012 FOODBUSINESS NEWS NEWS, MARKETS AND ANALYSIS FOR THE FOOD PROCESSING INDUSTRY ® Kraft to launch more than 70 new products in 2012 NORTHFIELD, ILL. — Kraft Foods Inc. said it plans to launch more than 70 new products in 2012, ranging from easy meal solutions to new beverages with energy benefits. “Americans are having more interactive experiences with food and want the opportunity to do some of the cooking themselves,” said Barry Calpino, vice-president of breakthrough innovation at Kraft. “With global influence and the merging of different cultures, consumers are open to new flavor combinations. Being able to customize the flavor and texture to Continued on Page 19 Value Fresh Nostalgia Local Future food safety efforts include focus on prevention, trace-back and enforcement Story on Page 24 S ecretary of Agriculture Tom Vilsack and Secretary of Health and Human Services Kathleen Sebelius on Dec. 21 issued a report on the accomplishments and strategies of the Food Safety Working Group, the interagency taskforce created in 2009 to advise the president on how to strengthen the U.S. food safety system through a coordinated federal agency approach. In addition to documenting progress registered during the past three years, the report outlined initiatives being undertaken to implement the Food Safety Continued on Page 22 Petroleum prices expected mostly flat in 2012 A lthough crude oil futures prices last week climbed above $100 a barrel, average values for 2012 are forecast mostly flat for crude and diesel fuel and lower for gasoline and natural gas. But flat doesn’t necessarily mean stable for petroleum and related products with uncertainty about supply from the Middle East, sluggish domestic and global economic recovery and the expiration of U.S. blenders’ credits and import tariff. In its December Short Term Outlook the Energy Information Administration of the U.S. Department of Energy forecast minimal to modest increases from 2011 in crude oil prices in 2012, unchanged average retail diesel fuel prices and lower retail gasoline prices along with lower natural gas prices at the well head but mixed levels for users. The U.S. average on-highway diesel fuel price was $3.79 a gallon last week, up 50c, or 15%, from $3.29 a gallon at the end of 2010, according to the E.I.A. weekly onhighway diesel fuel price survey. But last week’s average was down 22c, or 5%, from late November, down 33c, or 8%, from the 2011 high of $4.12 a gallon in early May and Continued on Page 21

Table of Contents for the Digital Edition of Food Business News - January 3, 2012

Food Business News - January 3, 2012
Kraft to launch more than 70 new products in 2012
Future food safety efforts include focus on prevention, trace-back and enforcement
Petroleum prices expected mostly flat in 2012
Web Contents
Editorial - Food safety is not natural, pure or simple
Sugar Association says ‘corn sugar’ name misleads consumers
Sanderson Farms swings to loss in year
Ralcorp set to receive $900 million in Post spin-off
Abbott to help start center for nutrition, memory in Illinois
Terry Holton to lead Seaboard Foods
Sara Lee expanding meat plant in Missouri
Rosina Food Products acquires pasta business
Menu advances highlight McDonald’s progress on sustainability
Diamond Foods the subject of an S.E.C. investigation
Farbest Foods to build turkey processing plant
Land O’ Frost to acquire Nebraska meat processor
Amy’s Kitchen delays Greenville plant opening
Utz Quality Foods acquires regional distributor
Global growth key to General Mills’ performance
Conveying the purity of foods and beverages
Cargill resuming ground turkey production
Fitch: U.S. restaurant growth sustainable in 2012
Trends - Socializing over local, fresh foods
Ingredient Innovations - Sizing up sea salt
Ingredient Innovations - SuperBind may aid in meat product sodium reduction
New Food Products - Dunkin’ adding Texas Toast Grilled Cheese sandwich to menu
New Food Products - 7-Eleven launches breakfast items
New Food Products - General Mills adds protein bar to Nature Valley line
New Food Products - Dietz & Watson introduces lower-sodium ham
Ingredient Market Trends
Ingredient Markets
Supplier Innovations and News - Bell Flavors sees South Korean cuisine, salty caramel as 2012 hits
Supplier Innovations and News - 3M launches pathogen reduction system
Supplier Innovations and News - Instant colors work with powder soft drinks
Supplier Innovations and News - Frutarom adds sauces to Piccantos range
Supplier Innovations and News - Company expands stevia sweetener range
Supplier Innovations and News - SunOpta invests in aseptic and pouch filling lines
Supplier Innovations and News - U.S.D.A. deregulates Monsanto’s Vistive soybean trait
Ad Index
Food Business in the News

Food Business News - January 3, 2012