Food Business News - February 25, 2014 - (Page 1)

February 25, 2014 FOODBUSINESS NEWS NEWS, MARKETS AND ANALYSIS FOR THE FOOD PROCESSING INDUSTRY Kraft sees market changing faster than expected BOCA RATON, FLA. - Eighteen months after the Kraft Foods Group set a course following its separation from Mondelez International, the company is facing an "unprecedented confluence of factors that has the potential to change the way we operate for perhaps decades to come," said Tony Vernon, chief executive officer. Mr. Vernon told the Consumer Analyst Group of New York conference taking place this week in Boca Raton that the question he most often receives from industry observers is what has most surprised him over the past 18 months? "What surprised us most has been the pace of change in the markets we serve, what is being bought, where it is being Continued on Page 22 Gluten-free in transition Greek yogurt's rise continues ogurt is a food celebrity. Not only has the cultured dairy delicacy conquered increasing real estate at retail, in refrigerators and lunch bags, it's now a double-digit growth category for many food service operations, according to The NPD Group, Port Washington, N.Y. Per capita consumption has more than doubled this past decade, and now nearly one in three individuals eats yogurt, according to NPD's ongoing consumer market research. The primary driver of the growth is Greek yogurt, the protein star Continued on Page 58 Y Story on Page 47 U.S.D.A. sees lower grain prices ahead he U.S. Department of Agriculture in its Agricultural Projections to 2023 released Feb. 13, with updates provided at the department's Agricultural Outlook Forum Feb. 21-22, forecast declining prices for most grains over the next two or T three years followed by a gradual increase above pre-2007 levels over the next decade, but holding well below those seen during the 2008-13 period. At the same time, lower grain prices are expected to translate into better profit margins for livestock, poultry and milk producers. "Prices for many major crops are projected to decline in the near term as global production responds to high prices of recent years," the U.S.D.A. said. "After those initial price declines, long-term growth in global demand for agricultural products, a low-valued dollar and continued biofuel demand hold prices for corn, oilseeds and many other crops above pre-2007 levels." Despite record or near record grain and oilseed production last year and forecast Continued on Page 44 ®

Table of Contents for the Digital Edition of Food Business News - February 25, 2014

Food Business News - February 25, 2014
U.S.D.A. sees lower grain prices ahead
Kraft sees market changing faster than expected
Dairy Business News - Greek yogurt’s rise continues
Table of Contents
Web Contents
Editorial - Pursuing food security, not sovereignty
WhiteWave Foods expanding its Horizon
Hershey playing it Cool in gum
TreeHouse Foods sues Green Mountain over Keurig 2.0 brewing system
Simplicity reigns at Burger King
Saputo eyeing additional acquisition opportunities
ConAgra takes new tack to boost Healthy Choice sales
Nestle adding new dimensions to health platform
Mars recalling some Uncle Ben’s Infused Rice
Campbell counting on ‘four bold moves'
Kraft bets big on cleaner labels
Coca-Cola sees path for growth in beverage market
Cal-Maine to buy remaining stake in egg producer
Chick-fil-A to go antibiotic-free
Snack bars fulfilling food service’s need for speed
Number of recalled food units jumps 52% in quarter
Nestle unveiling VertuoLine system to take on Keurig in coffee
‘Difficult’ defines Dean Foods’ outlook
B&G hopes to revive Polaner with bioengineered-free approach
Hain eyes leading trends in launching 100 new products
Ben & Jerry’s to go G.M.O.-free this year
Kind suing to stop Clif Bar’s Mojo
Impact of Rancho Feeding recall spreads
Washington - Deciding which foods are 'high risk'
Health and Wellness - Gluten-free in transition
Ingredient Innovations - Picking and promoting alternative sweeteners
Not everybody pays attention to sweeteners
Yogurt in food service
New Food Products
Ingredient Market Trends - U.S.D.A. forecasts smaller wheat and corn areas, record area for soybeans
Ingredient Markets
Supplier Innovations and News
Ad Index
Food Business in the News

Food Business News - February 25, 2014