Food Business News - January 29, 2013 - (Page 1)

January 29, 2013 FOODBUSINESS NEWS NEWS, MARKETS AND ANALYSIS FOR THE FOOD PROCESSING INDUSTRY Unilever not finished with food unit makeover LONDON — Selling its frozen meals business last fall and its Skippy peanut butter brand earlier this year is only the tip of the iceberg for Unilever P.L.C. as it reorganizes the makeup of its foods business. In a Jan. 23 conference call with analysts to discuss full-year results for fiscal 2012, Paul Polman, chief executive officer, said the company continues “to shed the non-core and margin-dilutive parts of the (food) portfolio and will continue to do so.” The shedding of businesses began in December 2011, when Unilever completed the sale of its Mrs. Dash, Molly McButter, Sugar Twin, Baker’s Joy, Static Guard and Kleen Guard brands to Parsippany, N.J.-based Continued on Page 14 Stretching cheese further in formulations id you know Jan. 20 was National Cheese Lovers’ Day? Yes, there is a day dedicated to the flavorful dairy product that, according to legend, was first made accidentally more than 4,000 years ago by an Arabian merchant who put his supply of milk into a pouch made from a sheep’s stomach and traveled across the desert. The enzyme rennet, which was present in the lining of the pouch, combined with the sun’s heat, causing the milk to coagulate, yielding what today is known as curds and whey. Advance forward to 2013 where cheese makers have learned to manipulate the process and include other Continued on Page 29 D Bioengineering back on the ballot Story on Page 18 Chinese imports of U.S. corn remain a riddle he litany of predictions that China will be a leading consumer of U.S. corn even as world prices stay historically high appears to be a case of wish fulfillment on the part of those bullish on corn. Not to say that China isn’t quickly increasing the amount of corn it uses to T produce chicken and pork for its proteinhungry population. To accommodate the 7% annual growth in domestic corn consumption, China has been working to raise record crops, to find cheaper substitutes and to trade with a savvy eye to the best values, switching to different suppliers when prices from a specific country look too high. “People have tried to say China will be importing very large amounts of corn for the last decade,” said Dan Basse, president of AgResource Co. in Chicago “but it hasn’t always been the case.” Darrel Good, professor of agriculture and consumer economics at the University of Illinois, echoed the sentiment. “I expect the growth in imports to be slower than some of the more optimistic Continued on Page 20 ®

Table of Contents for the Digital Edition of Food Business News - January 29, 2013

Food Business News - January 29, 2013
Unilever not finished with food unit makeover
Stretching cheese further in formulations
Chinese imports of U.S. corn remain a riddle
Table of Contents
Web Contents
Editorial - In pursuit of accurate data on food loss
McDonald’s working to navigate challenging market
Premium Brands adds seafood facility and businesses
High beef prices will impact menus in 2013
Incidences of food fraud rise as research effort continues
Letter calls for the reclassification of Greek yogurt
F.T.C. upholds ruling against POM Wonderful
Drought forces Cargill to close Texas beef plant
Wendy’s backs further away from breakfast strategy
ConAgra Foods appoints Lamb Weston leader
Seneca Foods completes purchase of Independent Foods
Chicago considers ban on certain energy drinks
Building a better Nutrition Facts Panel
Hain Celestial continues developed market expansion
Vanilla ice cream’s dairy components edge lower in price
Beef industry braces for further consumption declines
Congress men contact energy drink makers directly
Energy drink brands in question
Bolthouse Farms opens new innovation center
Taco Bell tests dollar menu
Washington - Bioengineering back on the ballot
Heart Health - Breaking down heart health
Ingredient Innovations - Stevia’s global reach expands
New Food Products
Ingredient Market Trends - I.G.C. sees increase in harvested wheat area in 2013-14
Ingredient Markets
Supplier Innovations and News
Ad Index
Food Business in the News

Food Business News - January 29, 2013