Food Business News - August 14, 2012 - (Page 1)

FOODBUSINESS NEWS NEWS, MARKETS AND ANALYSIS FOR THE FOOD PROCESSING INDUSTRY August 14, 2012 ® Ralcorp consolidating segments in St. Louis ST. LOUIS — The new center store private brand food business of Ralcorp Holdings, Inc., will be headquartered in St. Louis and led by Richard R. Koulouris, currently corporate vice-president and president of Ralcorp Snacks, Sauces and Spreads. Details about the new business, the centerpiece of a Ralcorp reorganization first announced Aug. 2, were shared by Kevin Hunt, president and chief executive officer, in an Aug. 8 conference call. The call with investment analysts was made in connection with the company’s results for the third quarter ended June 30. The new business currently exists as three separate segments within Ralcorp, beginning with the company’s legacy Continued on Page 19 Condiments dash innovation Story on Page 38 with a of F.D.A. study on added sugars opposed WASHINGTON — Groups from the baked foods, beverage, dairy and confectionery industries all oppose a proposed Food and Drug Administration plan to study how consumers would respond to the listing of “added sugars” on the Nutrition Facts Panel. In comments sent to the F.D.A., many of the groups focused on potential consumer confusion and how the F.D.A. legally may not be able to find the amount of added sugars in foods and beverages. The F.D.A. in the May 31 Federal Register said it planned to explore Continued on Page 18 2012: A pivotal year for sweeteners f anything, last week confirmed 2012 will be a transitional year for U.S. sweetener markets as the sugar industry will face its first surplus in five years and the corn sweetener industry will see lower-thanexpected supplies due to the devastating Midwest drought. And for users, while sugar buyers may enjoy the lowest prices since 2009, corn sweetener users may have some difficult choices to make. Perhaps the most shocking, or at least I the most anticipated, data last week were the U.S. Department of Agriculture’s Aug. 10 U.S. corn crop forecast of 10,779 million bus, down 17% from its July projection, down 13% from 2011 and the smallest crop since 10,531 million bus in 2006, if realized. The U.S.D.A. survey-based estimate compared with the average of pre-report trade expectations of 10,971 million bus. While the greatest impact of a small corn crop will be (or already has been) felt by livestock feeders, foreign buyers of corn and to some extent, ethanol producers (although the production mandate remains in effect) in the form of sharply higher prices, the sweetener industry also will be affected. Although only about 6%, on average, of the crop is used for corn sweetener production, the price increase may well be significant especially as it relates to exports to Mexico where delivered prices for highfructose corn syrup are much closer to Continued on Page 26

Table of Contents for the Digital Edition of Food Business News - August 14, 2012

Food Business News - August 14, 2012
Ralcorp consolidating segments in St. Louis
F.D.A. study on added sugars opposed
2012: A pivotal year for sweeteners
Table of Contents
Web Contents
Editorial - Even with drought, corn’s centrality accelerates
Dean Foods earnings rise; WhiteWave i.p.o. planned
Calavo expands avocado packing operations in Mexico
Tyson income down 61% in quarter on charge
Campbell completes Bolthouse Farms acquisition
General Mills finalizes purchase of Yoki
Tracey Belcourt to executive v.p. of strategy at Kraft
ConAgra to acquire Unilever frozen meals business unit
Coca-Cola unveils new operating structure
Paul Grimwood to lead Nestle USA
Welch’s hires v.p. of international
Restaurant performance strong, but outlook weakens
Fresh Del Monte Produce earnings rise
TreeHouse earnings rise 36% in quarter
Maple Leaf exec sees ‘confusion’ around gluten-free products
Weak European market stifles Kellogg’s second-quarter results
Washington - Transparency focus of F.D.A. recall procedures
Food processing: Telling the other side of the story
Omega-3s enter the beverage aisle
Ingredient Innovations - Weathering the guar gum market
Investigation of xanthan gum imports moves forward
Ingredient Trends - Condiments with a dash of innovation
New Food Products
Supplier Innovations and News
Ingredient Market Trends
Ingredient Markets
Ad Index
Food Business in the News

Food Business News - August 14, 2012