Food Business News - June 16, 2015 - (Page 61)

INGREDIENTMARKETTRENDS In The Spotlight House votes to repeal COOL he House of Representatives on June 10 passed legislation that would repeal mandatory country-of-origin labeling requirements for beef, pork and chicken. The Country of Origin Labeling Amendments Act (H.R. 2393) passed by a vote of 300 to 131. First authorized in the 2002 farm bill, country-of-origin labeling (COOL) requires information detailing where livestock were born, raised and slaughtered. On May 18, the World Trade Organization issued its fourth and final ruling against the United States, holding that the COOL label creates an unfair advantage to U.S. products. T "I am thankful for the support of my colleagues today in passing this common-sense, bipartisan bill that is a necessary targeted response to avoid retaliation from Canada and Mexico," said Representative K. Michael Conaway of Texas, chairman of the House Committee on Agriculture. "Two of our top trading partners announced earlier this month their intention to seek more than $3 billion in retaliatory sanctions against U.S. exports. This would extend far beyond the agriculture industry and would hurt nearly every sector of the U.S. economy. H.R. 2393 will prevent retaliation and bring the U.S. back into compliance, and I urge my colleagues in the Senate to act quickly on this urgent matter." A contrary view was voiced on the House floor before the vote by Representative Collin Peterson of Minnesota, ranking member on the Agriculture Committee, who said, "Rushing a COOL repeal bill through the House is not the way to address the potential retaliation stemming from the W.T.O. ruling. There are several steps that need to happen, including determining the actual economic harm caused by COOL, before retaliation could take place. Canada's claims are unfounded, as studies show little if any economic harm from COOL. We do need to address this issue, and I look forward to working with my House and Senate colleagues on both sides of the aisle to find a reasonable solution that works for both farmers and consumers." Senator Pat Roberts of Kansas, chairman of the Senate Committee on Agriculture, Nutrition and Forestry, said, "I applaud the House for its swift action to prevent retaliation from Canada and Mexico...I am continuing to take suggestions from my colleagues in the Senate for alternatives that meet our trade obligations. However, almost a month has passed since the W.T.O. ruling was announced, and repeal remains the surest way to protect the American economy from retaliatory tariffs."  Gerry Ritz, Canadian minister of agriculture and agri-food, said of the House vote, "While this marks a positive step, the only way for the United States to avoid billions in retaliation by late summer is to ensure legislation repealing COOL passes the Senate and is signed by the president." FBN Ingredient Indexes Mayonnaise i Porkk Sausage Commodity Trends Commercial poultry lost to avian influenza detected as of June 9 North Dakota Minnesota 71,500 Mixed 40,000 Turkeys South Dakota Outbreaks also reported in Montana, Idaho, Washington, Oregon, California, Indiana and Kansas. 642,700 Chickens 525,500 Turkeys Nebraska 3,794,100 Chickens 4,174,500 Chickens Wisconsin 4,821,400 1,348,100 Turkeys Chickens 602,600 Iowa 29,178,300 Turkeys Chickens 1,542,500 Turkeys Missouri 53,100 Turkeys Arkansas 40,020 Turkeys Source: U.S. Department of Agriculture FOODBUSINESS NEWS June 61 16, 2015 ® June 16, 2015 FOODBUSINESS NEWS 61 ®

Table of Contents for the Digital Edition of Food Business News - June 16, 2015

Food Business News - June 16, 2015
Wet weather affecting grain and oilseed markets
WhiteWave to acquire Vega Foods
Dairy Business News - Making salty cheese with less sodium
Table of Contents
Web Contents
Editorial - Expo Milano focuses on food science
The leading natural food trends of 2015
Wal-Mart building an ‘omnichannel’ presence
B&G Foods has big plans for Bear Creek soup brand
With charges, Smucker swings to loss
Smucker seeks growth with healthy innovation
Campbell to acquire fresh salsa maker
Hughes out as Boulder Brands c.e.o.
Private equity firm buys PopCorners brand
Subway commits to ingredient improvements
Washington - Resistance is futile
Health and Wellness - Clean label and the 'trust factor'
Ingredient Innovations - Pace picks up for pea protein power
Pick your plant-based protein
I.F.F. to stress flavors for protein sources
New Food Products
Ingredient Market Trends - House votes to repeal COOL
Ingredient Markets
Supplier Innovations and News
Ad Index
Food Business in the News

Food Business News - June 16, 2015