Food Business News - May 17, 2016 - (Page 52)

Ingredient Markets Market commentary for one-week period ended May 13, 2016 Beet and cane sugar Sweeteners unlikely to increase the raw sugar T.R.Q. as the overall sugar supply is adequate. Cash refined cane and beet sugar Bulk refined beet sugar prices were - Change from - Year markets were little changed last week unchanged at 30c to 31c a lb f.o.b. for May 13 May 6 April 29 ago Midwest beet 30.00 @ 31.00 - - 34.00 with recent trends of firm raw cane prices delivery in 2016 with a weak tone and Pacific beet# 36.00 @ 37.00 - -1.00 39.00 and weak beet sugar prices continuing. As indications sales may be occurring below Cane* 33.00 @ 36.00 - - 34.50 was the case a week earlier, when the U.S. 30c a lb. The low end of the price range *Spot raw plus 7% plus 4c with 2% cash discount. Department of Agriculture announced the still applied mostly to large sales. Offers 2016-17 tariff-rate quota (T.R.Q.) for sugar were as high as 33c a lb, but most trading Raw cane imports and raised the specialty sugar was said to be between 30c and 31c a lb. Delivered refiner, cents per lb T.R.Q. for the current year, most of the Beet sugar remained available from several - Change from - Year week's news came from Washington. The processors, and it appeared there will be no Contract May 13 May 6 April 29 ago U.S.D.A. issued initial 2016-17 sugar supply- shortage in 2016-17. Nearby 27.45 -.05 -.90 24.75 and-use projections that included recordIn its May 10 World Agricultural Supply May-June 27.45 -.05 -.90 24.75 high beet sugar production. and Demand Estimates, the U.S.D.A. July-September 27.60 +.10 -.50 24.70 Bulk refined cane sugar prices were projected U.S. beet sugar production at a October-December 27.00 +.15 +.05 24.65 unchanged at 33c to 36c a lb f.o.b. plant for record 5,090,000 tons, up 0.5% from 2015January-March 26.25 +.10 -.05 24.60 2016 delivery. Cane sugar continued to sell 16, while cane sugar output was projected April-June 26.25 +.10 -.05 24.60 below offers as high as 38c a lb. While some at 3,620,000 tons, down 6%. refiners struggled to find sufficient imported The U.S.D.A. projected the U.S. sugar I.C.E. No. 11 raw sugar futures raw cane to meet contracted sales, others carryover on Oct. 1, 2017, at 1,657,000 short cents per lb with domestic raw cane supplies indicated tons, raw value, down 4% from the current 18 they had refined cane sugar available near year. The 2016-17 ending stocks-to-use ratio the low end of the price range and would was set at 13.5%, the required minimum 16 welcome the business from buyers who under the U.S.-Mexico bilateral trade 14 had problems finding refined cane sugar. agreement, down from 14.2% as forecast Cane refiners depending on imported for the current year and 14.9% in 2014-15. 12 raw cane continued to see tight to lacking Imports of cane sugar from Mexico were supplies. Those refiners and sugar users projected at 1,758,000 tons, up 459,000 10 sought an increase in the raw sugar import tons, or 35%, from 1,299,000 tons estimated M A N F quota for this year, but the U.S.D.A. is for 2015-16. Imports from Mexico were raised to fill the gap in 2016-17 left by a Sweeteners projected 4% drop in beginning stocks, a 2% Delivered basis, cents per lb drop in overall domestic production and a 1% increase in domestic use from 2015-16.  HFCS spot price1 2015 prices HFCS list price2 Regular corn Sugar beets in the four major states were syrup3 Dextrose 42% HFCS wet 55% HFCS wet May 13 Year ago 94% planted as of May 8, up from 80% a 26.750 31.750 net Midwest 22⅜@ 23⅜ 18⅞@ 19⅞ East 39.00@41.00 week earlier and well ahead of 60% as the 31.75 29.000 34.250 net Northeast 23¾@ 24¾ 20¼@ 21¼ Midwest 38.00@40.00 2011-15 average for the date but behind last 34.00 28.500 34.000 net Southeast 23⅞@ 24⅞ 20⅜@ 21⅜ West 41.00@43.00 year's 99%, the U.S.D.A. said. 34.00 28.000 33.500 net Southwest 23½@ 24½ 20@ 21 35.00 Corn sweetener markets were quiet with 29.250 34.750 net West 24⅜@ 26⅜ 20⅞@ 22⅞ 36.25 contracted shipments on schedule. FBN 1-Variations in prices often tied to tank car versus truck deliveries. 2-Prices are the lowest available to the publication. 3-Regular 42 DE/43 Baume, f.o.b. tank cars, trucks f.o.b. plant, cents per lb Delicious Honey. The 100% Pure and Natural Ingredient. Processed and packed in the newest facility in the United States. Strategically located in the Midwest allowing easy & cost-effective deliveries coast-to-coast. Amber, Light Amber, Extra Light Amber and Organic Honey available in drums, pails, totes and bulk trucks. FSSC 22000 certified and organic compliant. 888.SUGAR.99 52 FOODBUSINESS NEWS ® May 17, 2016

Table of Contents for the Digital Edition of Food Business News - May 17, 2016

Food Business News - May 17, 2016
Dean Foods diversifying with Friendly’s acquisition
Nutrition point of reference
Dairy Business News - Hydrocolloids – It’s all about the gel
Table of Contents
Web Contents
Editorial - Investors view food production as ripe for disruption
F.D.A. adjusts course on ‘healthy’ labeling
Doug Gillespie to lead Harvest Hill Beverage Co.
Bunge launches non-G.M.O. corn product line
JAB to acquire Krispy Kreme for $1.35 billion
CAVU Venture Partners: Building and creating winners
Hain Celestial begins restructuring effort
Hain learns tough lesson with tea revamp
Pilgrim’s Pride to enter organic chicken category
Green Giant brings giant boost to B&G Foods
Cott making leadership changes in North America and U.K.
Market Insight - Where’s the sugar?
Ingredient Trends - Flavor innovation energizes sports nutrition category
Ingredient Innovations - Ancient grains rising in product development
New Food Products
Ingredient Market Trends - U.S.D.A. issues unexpectedly bullish outlook for soybeans
Ingredient Markets
Supplier Innovations and News
Ad Index
Food Business in the News

Food Business News - May 17, 2016