Food Business News - December 18, 2012 - (Page 1)

FOODBUSINESS NEWS NEWS, MARKETS AND ANALYSIS FOR THE FOOD PROCESSING INDUSTRY December 18, 2012 ® Supreme Court to rule on bioengineering patent case WASHINGTON — The U.S. Supreme Court has plans to take on a case involving the patent rights of Monsanto Co.’s “Roundup Ready” soybeans bioengineered to be immune to their widely used herbicide. Oral arguments will begin sometime in 2013. “This will be a case that the bigger agricultural community will be watching closely,” said Dale Durchholz, senior commodity analyst with Agrivisor L.L.C. in Bloomington, Ill. The case, Bowman v. Monsanto Co., involves a situation where an Indiana farmer, Vernon Hugh Bowman, initially planted bioengineered soybean seeds Continued on Page 18 U.S.D.A. eases school meal standards Story on Page 22 INSIDE Intere Interest in superfruits into n phase new uperfruits made a splash as a popular beverage ingredient around 2005 with suppliers and product developers promising myriad health benefits due to the levels of antioxidants in the fruits. As a result, the ORAC levels of different fruits became an intense subject of debate. ORAC is an acronym for “oxygen radical absorbance capacity,” and it is a Continued on Page 38 S Conditions suggest drought risk through 2013 f historical weather patterns continue, Iowa, the nation’s largest corn producing state, may see another year of moisturestressed corn yields at a time when supplies and prices still are recovering from the drought of 2012. “Historically, severely deficit precipitation years of the magnitude of 2012 do I not recover to normal annual precipitation in a single year,” Elwynn Taylor, Iowa State University extention climatologist and professor of agronomy, said in a report in early December, which included soil moisture observations from other extension agricultural specialists. “Accordingly, an additional year of significant moisture stress is considered to be not unlikely and a fourth consecutive year of below trend U.S. corn yield a distinct possibility.” The 2012 Midwest drought was a continuation of a weather anomaly — a La Niña event — that began July 22, 2010, and peaked on Oct. 23, 2010, and was second in strength only to one in the mid-1950s based on more than 100 years of records, according to the I.S.U. report. “The young but potent La Niña resulted in an abrupt change in weather on a planetary Continued on Page 24

Table of Contents for the Digital Edition of Food Business News - December 18, 2012

Food Business News - December 18, 2012
Supreme Court to rule on bioengineering patent case
Conditions suggest drought risk through 2013
Beverage Business News - Interest in superfruits into new phase
Table of Contents
Web Contents
Editorial - Efforts to reduce childhood obesity showing promise
F.D.A. facility registration deadline extended
Wendy’s to focus on value in 2013
Saputo to buy Morningstar Foods for $1.45 billion from Dean Foods
Cavendish Farms acquires potato processing facility
Burger King playing catch up in the U.S.
Tesco reviewing options for Fresh & Easy
Starbucks to initiate major expansion effort
TreeHouse acquires cheese, pudding business
Barry Callebaut extends reach into Asia with acquisition
Public supports spending on SNAP
Hershey headed higher
Fiber category still seen in its infancy
Rich Products acquires f’real foods
WhiteWave eyeing U.S. plant-based yogurt segment
Charges lead to loss at Diamond Foods
Separation not in Smithfield’s future
Washington - Grading on a curve
Market Insight - Conditions suggest drought risk through 2013
Trends - Soup trends
Ingredient Innovations - Seasonal flavor sensations
Beverage Business News - Energy beverages under additional scrutiny
Coca-Cola invests in Core Power shakes
Fortifying milk with omega-3 fatty acids
New Food Products
Ingredient Market Trends - U.S.D.A. raises forecasts for soy product exports
Ingredient Markets
Supplier Innovations and News
Ad Index
Food Business in the News

Food Business News - December 18, 2012