Food Business News - April 5, 2016 - (Page 1)

FOODBUSINESS NEWS April 5, 2016 NEWS, MARKETS AND ANALYSIS FOR THE FOOD PROCESSING INDUSTRY PepsiCo reshuffles management team PURCHASE, N.Y. - PepsiCo, Inc. on March 30 announced a series of senior executive changes, including the departure of Tom Greco, chief executive officer of Frito-Lay North America (F.L.N.A.) and the appointment of Al Carey to c.e.o. of all PepsiCo's North American businesses. In his new role, Mr. Carey will oversee PepsiCo's North American Beverage business unit, F.L.N.A. and Quaker Foods North America (Q.F.N.A.). PepsiCo said bringing the company's three North America businesses under a single leader is expected to enable the company to further leverage its complementary brand portfolio across snacks, beverages and Continued on Page 10 Mixology for all-age, anytime beverages Pinnacle's migration into health and wellness PARSIPPANY, N.J. - In 2009 Pinnacle Foods Inc. had one brand it considered a part of the health and wellness category - Vlasic pickles. Today, with such businesses as Birds Eye, Gardein and the recently acquired Boulder Brands, the company has made a significant investment in health and wellness. Central to the company's strategy are plants and plant-based protein. "We actually think we are at a tipping point in terms of people starting to look at plants as an alternative to animal protein for three primary reasons," said Mark Schiller, president of North American Continued on Page 18 Story on Page 28 Egg prices continue to fall from record highs reaking egg prices have fallen below the cost of production to fiveyear lows, and egg product prices have tumbled from record highs last summer that resulted from the massive loss of laying hens caused by an outbreak of highly pathogenic avian influenza that was B spreading fast about this time last year. Breaking stock eggs were under 35c to 40c a dozen in the Central region last week, down 85% from a record high of $2.35 to $2.45 a dozen in early August 2015. Liquid, frozen and dried egg product prices, meanwhile, have declined about 65% to 80% from record highs posted between mid-July and early September of last year. Prices for many egg products were at or near their lows for the year to date in late April 2015, coming down from price increases in March that had been driven by improved export sales and retail orders for eggs ahead of Easter, which was on April 5 that year. The market at the time was dealing with a new law in California requiring larger cages for laying hens that limited supplies, boosted prices and slowed Continued on Page 22 ®

Table of Contents for the Digital Edition of Food Business News - April 5, 2016

Food Business News - April 5, 2016
PepsiCo reshuffles management team
Pinnacle’s migration into health and wellness
Egg prices continue to fall from record highs
Table of Contents
Web Contents
Editorial - China’s lesser role as global force
General Mills invests in gazpacho brand
Vermont previews enforcement priorities for G.M.O. labeling law
McCormick targeting trends with innovation
Sales growth continuing for Kroger’s Simple Truth private label line
Major food companies announce plans to label products containing G.M.O.s
Campbell Soup to eliminate B.P.A.-lined packaging
Pulmuone Foods to acquire leading tofu brand
Tyson Foods eyeing e-commerce
Wal-Mart to build milk processing plant
Meat bars on tap from Krave this summer
Saputo to close three plants in Canada
Inside Pinnacle Foods’ health and wellness strategy
Rhythm Superfoods rocking the beets
Washington - F.D.A. finalizes acrylamide guidance
Ingredient Innovations - Managing costs while working with pho alternatives
High-oleic soybean oil shows promise in donut frying
Beverage Business News - Mixology for all-age, anytime beverages
Mixing up Mocktails
New Food Products
2016 Research Chefs Association gathers in Denver for annual convention
Highlights from Natural Products Expo West
Supplier Innovations and News
Ingredient Market Trends - Wheat acres down 9% from 2015, but surprise is in corn
Ingredient Markets
Ad Index
Food Business in the News

Food Business News - April 5, 2016