Food Business News - February 28, 2012 - (Page 1)

FOODBUSINESS NEWS NEWS, MARKETS AND ANALYSIS FOR THE FOOD PROCESSING INDUSTRY February 28, 2012 ® Innovation sparks new product growth at Campbell BOCA RATON, FLA. — Campbell Soup Co. is making progress on the innovation front, including making investments to fund a new innovation process, accelerating innovation across its portfolio and reinvigorating consumerfocused marketing efforts to restore top-line growth, said Denise Morrison, president and chief executive officer of the Camden, N.J.-based company. Ms. Morrison outlined the company’s efforts at the Consumer Analyst Group of New York conference Feb. 22 in Boca Raton. “Powered by a relentless focus on the consumer and a radically different pp approach to innovation, we are extending Continued on Page 16 Trends in transition Story on Page 27 INSIDE Five ‘ ‘megatrends’ to shape beverage industry NEW YORK — Five key “megatrends” are expected to shape the outlook of the global beverage industry in 2012, according to “Best of times, worst of times,” a report from Rabobank’s global Food & Agribusiness Research and Advisory department. The trends, which are expected to Continued on Page 37 Lower prices key theme of sweetener meeting Dip in sugar use amid need for Mexican supply common themes at International Sweetener Colloquium M ore than 400 attendees at the recent International Sweetener Colloquium held Feb. 12-15 in Orlando, Fla., heard a common theme that the U.S. market greatly but uncomfortably depends on Mexican sugar to offset a perennial domestic shortfall. But this year also brought a couple new themes, including a possible dip in domestic sugar use, weaker sugar prices for the next two years and a slight uptick in U.S. use of high-fructose corn syrup. Most of the news was “good” at the meeting, which was attended predominately by sugar users. It was the first time in about five years that participants heard the word “lower” in front of prices for sugar. That trend had been evident well before the Colloquium in forward sales for 2013 in the 42@45c a lb f.o.b. Midwest range and in pricing for 2014 in the 35@40c range. For users those levels compare quite favorably with most sales in 2011-12 (fiscal 2012) that have been around 55c a lb, and with values that averaged about 57c in 2010-11 and a record high 57.3c in 2009-10. One speaker suggested prices may even dip below Continued on Page 24

Table of Contents for the Digital Edition of Food Business News - February 28, 2012

Food Business News - February 28, 2012
Innovation sparks new product growth at Campbell
Lower prices key theme of sweetener meeting
Beverage Business News - Five ‘ megatrends’ to shape beverage industry
Table of Contents
Web Contents
Editorial - A two-way examination of research on food
Heinz keys to growth include focus on U.S. operations
Hormel income dips 14% in quarter
Kraft profit falls 14%; sales rise 11% in year
New product introductions, pruning highlight North American efforts in 2012
Wal-Mart’s Yiannas: ‘Food safety is at a crossroads’
Pringles will add power to Kellogg’s snack business
Grain-based products stand out in strong ConAgra adjacencies
Malt-O-Meal becomes MOM Brands
Mars to limit candy bars to 250 calories
Pizza restaurants focus on value for growth
Snyder’s-Lance building R.&D. facility in Hanover, Pa.
Smaller volumes weigh on Smucker earnings
Heart association seeks mandatory sodium limits
U.S. food recalls rise in fourth quarter
General Mills introducing ‘densification’ technology
Washington - User fees central to F.D.A. budget proposal
Market Insight - Lower prices key theme of sweetener meeting
Health and Wellness - Weight management trends in transition
Ingredient Innovations - Shortenings with benefits
Beverage Business News
Beverage Business News - Legislation introduced to regulate arsenic, lead in juices
Beverage Business News - Jamba acquires Talbott Teas
Beverage Business News - Dr Pepper Snapple income up 15% in year
Beverage Business News - Hershey raises stake in protein shake maker
Beverage Business News - Green Mountain adding new brewing platform
Beverage Business News - C.D.C.: Raw milk the source of most dairy disease outbreaks
Colors - 'Natural' colors continue to shine
Coca-Cola Co. - Global balance puts Coca-Cola on track for 2020
New Food Products
Ingredient Market Trends
Ingredient Markets
Supplier Innovations and News
Ad Index
Food Business in the News

Food Business News - February 28, 2012