Food Business News - March 8, 2016 - (Page 1)

FOODBUSINESS NEWS March 8, 2016 NEWS, MARKETS AND ANALYSIS FOR THE FOOD PROCESSING INDUSTRY Kraft Heinz placing 'big bets' on innovation PITTSBURGH - The Kraft Heinz Co. will classify certain items as "big bets," or innovations that will receive more assessment and consumer insights before launch. Examples of current successful "big bets" are Heinz yellow mustard, P3 portable protein packs and, in Europe, hot sauces, said Bernardo Hees, chief executive officer. "In a sense, what we've tried to do with the big bets, not only here in the United States but Canada, Europe and all, we are going to fewer bets, but really bolder and stronger in that sense," he said in a Feb. 25 earnings call. "So in order to get there and mitigate the risk, we need really to test the profile in the pipeline from consumer insight up to the shelf as a Continued on Page 10 B&G planting seeds for Green Giant growth PARSIPPANY, N.J. - B&G Foods, Inc. is planting the seeds to grow the Green Giant frozen vegetable business, which the Parsippany-based company acquired from General Mills, Inc. on Nov. 2, 2015, for a purchase price of approximately $765 million in cash. The key to reversing distribution losses for the brand, which B&G suggested was neglected by its former owner, is innovation. "2016 will be a year of fixing Green Giant's foundation, initiating the innovation pipeline and developing a Continued on Page 16 Cleaning up beverage colors Story on Page 45 U.S. sugar supplies - finding equilibrium ight raw sugar supplies for some U.S. refiners and increasing demand for non-bioengineered sugar appeared to be two major threads of discussion at the recent International Sweetener Colloquium. The two issues are related and complicated. The topic of raw cane sugar supplies T for U.S. refiners was addressed in the Colloquium's opening remarks by Michael Scuse, U.S. Department of Agriculture undersecretary for Farm and Foreign Agricultural Services, which oversees the U.S. sugar program. He said the 2014 managed trade agreement with Mexico had created market imbalances, which have led to challenges at the U.S.D.A. and in the sugar sector, including inadequate raw sugar supplies for U.S. cane refiners. "U.S.D.A. needs to better understand the quantity and quality of sugar imported from Mexico," Mr. Scuse said, adding that the U.S.D.A. was considering options to boost U.S. raw sugar imports, such as reallocating tariff-rate quota imports from countries unable to ship their quota to countries that have excess sugar. Under the U.S. sugar Continued on Page 34 ®

Table of Contents for the Digital Edition of Food Business News - March 8, 2016

Food Business News - March 8, 2016
Kraft Heinz placing ‘big bets’ on innovation
B&G planting seeds for Green Giant growth
U.S. sugar supplies – finding equilibrium
Table of Contents
Web Contents
Editorial - Keys to poorer nations’ prosperity
Kraft Heinz placing ‘big bets’
Kraft Heinz commits to cage-free
Voluntary G.M.O. labeling effort regains momentum
To label or not to label?
Snyder’s-Lance finalizes purchase of Diamond Foods
Soup sales remain a concern for Campbell
Food service, exports impact Sanderson Farms earnings
7-Eleven partners with Jones Soda
Dean Foods remains challenged despite tailwinds
Wendy’s ‘best-kept secrets’ on the menu
TreeHouse Foods turning the page
CTI Foods acquires premium pizza topping producer
WhiteWave Foods in the ‘sweet spot’
Washington - Vilsack: Optimistic about American agriculture
Ingredient Innovations - Reasons for reducing sugars add up
A proposed definition for added sugars
Ingredient Trends - Sweeteners: The next generation
Beverage Business News - Cleaning up beverage colors
Colors are additives regardless of source
New Food Products
Ingredient Market Trends - Hard red winter wheat looks mostly good, soft red ratings more mixed
Ingredient Markets
Supplier Innovations and News
Ad Index
Food Business in the News

Food Business News - March 8, 2016