Food Business News - October 9, 2012 - (Page 1)

FOODBUSINESS NEWS NEWS, MARKETS AND ANALYSIS FOR THE FOOD PROCESSING INDUSTRY October 9, 2012 ® Unilever may put Skippy brand up for sale ENGLEWOOD CLIFFS, N.J. — Unilever may sell its Skippy peanut butter brand. “As part of a recently completed strategic review, we have decided to explore various options for our Skippy business in the U.S. and Canada, including, but not limited to, a potential sale of the business,” the company said in an Oct. 4 statement. “The ultimate objective will be to identify the best way forward for Skippy’s continued growth and profitability and for it to remain an iconic, consumer-loved brand.” According to a Bloomberg report, the Skippy brand may fetch $300 million to $400 million. Unilever had U.S. peanut butter sales Continued on Page 10 Analysts review the two new companies Story on Page 20 Fruit prices on the rise rices for many fresh and processing fruits are higher, or forecast higher, for 2012-13 because of reduced supplies, mostly the result of weather-related losses earlier in the year. Apples are one of the best examples as a 6% larger crop in the top-producing West region is more than offset by a 31% smaller crop in the East and a 79% smaller crop in Central states as multiple freezes inflicted significant damage on early-blooming trees in the latter two regions, according to the U.S. Department of Agriculture. Total U.S. apple production is forecast at 8,066 million lbs in Continued on Page 32 P Bio-engineering on the ballot in California Proposition 37 may substitute votes and courts for science and evidence alifornia voters on Nov. 6 will decide the fate of a proposition that, if passed, may alter the national discussion over the healthfulness of bio-engineered foods from one based on science and reasoned argument to one where vote tallies and courtrooms take precedence. C Proposition 37, The California Right to Know Genetically Engineered Food Act, would require bio-engineered food to be clearly labeled as “genetically engineered.” In the case of raw agricultural products, the proposition would require fruits and vegetables produced entirely or in part by means of bio-engineering to carry the words “genetically engineered” on their front packages or labels. If the item is not packaged separately and does not have an individual label, signage carrying the term “genetically engineered” must appear on the shelf or bin where the item is displayed for sale. Additionally, processed foods with ingredients that were produced entirely or in part through bio-engineering would have to be labeled as “partially produced with genetic engineering” or “may be partially Continued on Page 30

Table of Contents for the Digital Edition of Food Business News - October 9, 2012

Food Business News - October 9, 2012
Unilever may put Skippy brand up for sale
Fruit prices on the rise
Bio-engineering on the ballot in California
Table of Contents
Web Contents
Editorial - Instant noodles as single food product success
Snyder’s-Lance expands distribution in southwest U.S.
American Sugar buys majority of Belize Sugar Industries
F.A.O. Food Price Index rises in September
Sunland peanut butter recall expands
RAND study shows rapid rise of morbid obesity
Dean puts Morningstar Foods on the trading block
Chiquita Brands names Edward Lonergan as c.e.o.
Smart Balance unveils new name, new structure
Clarkson Grain acquires US Soy
Alpina opens yogurt facility in New York
Chris Solly to c.e.o. of Ehrmann USA
ConAgra to expand frozen meals production
Campbell Soup closing two facilities
Jack Link’s acquiring Nebraska facility
New Kraft seeks to unlock ‘true potential'
Mondelez establishes global ambitions
August Restaurant Performance Index rises
Hershey to source 100% certified cocoa by 2020
Kroger introducing ‘Simple’ brands
Environmental claims to face greater scrutiny
Health and Wellness - Sodium reduction remains a priority
Ingredient Innovations - GRAS for probiotics seen as step toward market acceptance
Studies focus on probiotic benefits
New Food Products
Ingredient Market Trends
Ingredient Markets
Supplier Innovations and News
Ad Index
Food Business in the News

Food Business News - October 9, 2012