Food Business News - June 19, 2012 - (Page 1)

FOODBUSINESS NEWS NEWS, MARKETS AND ANALYSIS FOR THE FOOD PROCESSING INDUSTRY June 19, 2012 ® Starbucks deepening disciplines around innovation CHICAGO — Perhaps more today than ever before, Starbucks Coffee Co.’s ability to innovate has contributed to growth, said Troy Alstead, chief financial officer and chief administrative officer for the Seattle-based company. “We have not only dialed up our innovation machine in the last few years in parallel to recovering the health of the business, but we have also significantly deepened our disciplines and capabilities around effective innovation, around ensuring that when we have a new product come out of the innovation pipeline it is far more likely today to have been through significant consumer testing,” Mr. Alstead told analysts attending the William Blair Continued on Page 14 Convenience Story on Page 61 Salmonella, allergens top food safety hazards list S almonella and undeclared allergens remained the two most common food safety hazards to be reported in the United States, accordin g to the Food and Drug Administration, which recently published its second annual report on its Reportable Food Registry. “The Reportable Food Registry: Targeting inspection resources and identifying patterns of adulteration” assessed entries into the registry from Sept. 8, 2010, through Sept. 7, 2011. The F.D.A.’s first annual report on the registry assessed Continued on Page 38 Second half commodity outlook Prices at midyear mixed with some prices falling as supplies rise midyear analysis reveals prices of many major commodities and commonly-used ingredients are falling, or at least down from a year ago, mostly due to increased production and rising supplies, with some notable exceptions. As a result, current pricing in many cases is more favorable to buyers than it has been for some time. A U.S. annual average price forecasts from the U.S. Department of Agriculture last week for the 2012-13 marketing year were lower for corn and wheat on projected increased supplies, higher for rice and soybeans, and mixed for soybean products. Outlooks for other ingredients, including dairy and eggs, were mixed but mostly lower for next year, with pricing for sugar and cocoa also declining. For the current marketing year 2011-12, which includes most commodities except wheat, U.S. production and total supplies of corn, grain sorghum, oats, barley, soybeans, rice and wheat all were down from 2010-11, according to U.S.D.A. data in the June 12 World Agricultural Supply and Demand Estimates. Conversely, annual average prices paid to farmers in 2011-12 for all of those commodities were expected to be above year-earlier levels, including Continued on Page 42

Table of Contents for the Digital Edition of Food Business News - June 19, 2012

Food Business News - June 19, 2012
Starbucks deepening disciplines around innovation
Salmonella, allergens top food safety hazards list
Second half commodity outlook
Web Contents
Editorial - Working to close the nutrition knowledge gap
Fresh pork margins push Smithfi eld income lower
Paula Deen launches food company
Food and beverage C.P.I. rises 0.1% in May to 233.3
Starbucks deepening disciplines around innovation
Dunkin’ c.e.o.: Starbucks move ‘a great compliment’
PepsiCo j.v. to launch Obela brand in Mexico
Lawsuit claims Yoplait Greek yogurt isn’t yogurt
Mars ahead of goals in certifi ed cocoa initiative
OSI opens plant attached to Millard facility
J&J Snack acquires gourmet pretzel maker
Nestle opens clinical research center
Disney introduces children’s advertising standards
US Foods acquires New City Packing
Kellogg completes Pringles purchase
Hillshire Brands emerges as Sara Lee recedes
D.E. Master Blenders 1753 board members
TreeHouse c.f.o. notes changes in private label
Bayer CropScience acquiring U.S. melon business
Saputo earnings ease on bakery unit writedown
Smart Balance to buy gluten-free baker for $125 million
Annie’s off to strong start
Diamond Foods continues to lose luster
PepsiCo hires chief design offi cer
McDonald’s May comparable sales up 3.3%
Midwest an ‘exploding’ region for Whole Foods
CKE makes management changes for franchise growth
With earnings soft, Smucker launches growth initiatives
Hain Celestial c.e.o. sees progress on healthy eating front
F.D.A. seeks additional info through Reportable Food Registry
Market Insight - Second half commodity outlook
Heart Health - Research and messaging central to heart health
Ingredient Innovations - Fiber and...
Prepared Meals - Convenience energizes fresh produce
Adding sizzle to a salad
Consumer Trends - Consumers step up resturaunt sandwichpurchases
Israeli scientist named World Food Prize laureate
MyPlate icon marks one-year anniversary
Consumer Trends - Targeted food and beverage marketing
Snapple offers lightly sweetened teas
Phusion Projects adds Island Squeeze cocktails
Bottled water bounces back
Abbott’s Ensure Clear makes its debut
GT Beverage to acquire Bazi International
Headwinds easing for Dr Pepper Snapple Group
G.M.C.R.: Private label K-Cups not in immediate future
Beverage Trends - Promoting the beverage category’s healthy halo
Health and wellness insight
Taco Bell to debut Cantina Bell menu in July
Willamette Valley Granola launches grain snacks
Mission Foods adds organic tortilla chips
Barilla expands into shelf stable meals
BonSavor Foods debuts fl atbread products
Kashi introduces Soft-Baked Squares
Hershey rolls out reduced fat line
Clif debuts Kit’s Organic snack bar
Almond Dream expands to include coconut variety
U.S.D.A. trims 2013 carryover forecasts for wheat and soybeans, corn unchanged
Ingredient Markets
Add coffee fl avor to drinks, desserts
New products offer natural shelf life, food safety
Corn Products is now Ingredion
Jungbunzlauer to showcase sugar, salt reduction
Innova to launch low-sodium H.V.P.
Chitin-glucan fi ber lowers L.D.L.
Licorice extract extends shelf life
Emulsifi er ingredients benefi t spreads
Classifi eds
Ad Index
Food Business in the News

Food Business News - June 19, 2012