Food Business News - October 23, 2012 - (Page 1)

FOODBUSINESS NEWS NEWS, MARKETS AND ANALYSIS FOR THE FOOD PROCESSING INDUSTRY October 23, 2012 ® Private label penetration forecast to grow in U.S. NEW YORK — Private label brands in the United States are forecast to expand their share of the market from 20% today to 25% to 30% in the next decade, according to a new report from Rabobank. The research firm said the growth would put the United States on a par with Europe in terms of market penetration and translate to one in every three food product purchases in the United States being a store brand. “Many national brand owners need to be bolder in their thinking and strategizing,” said Nicholas Fereday, Rabobank analyst and author of the report “What would Apple do? How can U.S. branded food companies withstand the retailer brand onslaught?” “Instead of opting for Continued on Page 16 Softer demand slows rate of Nestle sales growth VEVEY, SWITZERLAND — Foreign exchange and acquisitions helped contribute to an 11% increase in sales during the latest nine-month period at Nestle S.A., but softer demand in both emerging and developed markets limited and slowed the rate of growth. During the January through September period, the company had sales of 67,568 million Swiss francs ($73,219 million) which compared with sales of 60,889 million Swiss francs during the same period of the previous year. “Nestle’s growth in the first nine months is in line with our expectations,” said Paul Continued on Page 18 Premium convenience St Story on Page 45 P Drought’s impact becomes clearer Corn prices fall from record highs as the market adjusts earby corn and soybean prices tumbled 17% from drought-induced record highs set during the summer and then posted partial recoveries as crop sizes became better known in September and October. The price action illustrated markets that “work” with high prices appearing to ration demand as N supply scenarios have been honed. “Prices over the past two months for corn and the past month for soybeans appear to be in the classic ‘short crop, long tail’ pattern where prices peak early in the year off sharply lower production and then decline in the post-harvest period as the smaller supplies get rationed and production rebounds the following year,” said Darrel Good, a University of Illinois agricultural economist, in his Oct. 8 Weekly Outlook. “A change in the trend of lower prices will require an additional supply shock or evidence that supplies have not been sufficiently rationed.” The worst drought since the 1950s across most of America’s primary corn and soybean growing region significantly sliced corn production from early lofty forecasts and trimmed soybean output as Continued on Page 34

Table of Contents for the Digital Edition of Food Business News - October 23, 2012

Food Business News - October 23, 2012
Private label penetration forecast to grow in U.S.
Softer demand slows rate of Nestle sales growth
Drought’s impact becomes clearer
Table of Contents
Web Contents
Editorial - Food issues dampened before election
Culver acquisition boosts B&G third-quarter income
Foreign exchange rate cuts into McDonald’s earnings
Structural changes cut into PepsiCo sales in third quarter
Legislation proposed to track antibiotic use on farms
Dean Foods posts preliminary WhiteWave-Alpro results
California poultry processor files for Chapter 11 protection
Peapod testing virtual grocery stores in the Northeast
Shell egg prices push Cal-Maine income up sharply
ConAgra to close pork processing plant
Cereal Partners Worldwide to reduce sugar, sodium
Frozen food sales projected to remain sluggish
New food safety effort targets consumers
ConAgra Foods looks to heighten focus on nutrition addition
Cholesterol profile of U.S. adults improving
Food and beverage C.P.I. increases in September
Strong China results boost Yum! earnings
Global Greek yogurt introductions accelerate
Sunland recall reverberates throughout the industry
JBS USA has option to acquire XL Foods
Washington - F.D.A. issues guidance for food facility registration
Sports Nutrition - Broadening the appeal for sports nutrition products
Ingredient Innovations - Ushering in the next generation
Convenience Store Trends - On-the-go gourmet
Beverage Business News - Looking for a Pepsi rebound
Old Orchard debuts frozen sweet tea line
Red Bull to add fruit-flavored energy drinks
Lawsuit takes aim at New York’s 16-oz beverage rule
Coca-Cola profit climbs on volume growth
Beverage industry embraces calorie counts on vending machines
Journal report links sugary beverages to obesity
Tingyi partnership poised for flight
Beverage still tops at Pepsi...barely
Beverage Trends - An (energy) shot in the arm
New Food Products
Ingredient Market Trends - CME Group to acquire the K.C.B.T
Ingredient Markets
Supplier Innovations and News
Ad Index
Food Business in the News

Food Business News - October 23, 2012