Food Business News - June 14, 2016 - (Page 1)

FOODBUSINESS NEWS June 14, 2016 NEWS, MARKETS AND ANALYSIS FOR THE FOOD PROCESSING INDUSTRY ConAgra Foods to sell JM Swank OMAHA - ConAgra Foods, Inc. has entered into a definitive agreement to sell its JM Swank business, a national food ingredient sourcing and distribution company, to Platinum Equity, a Los Angeles-based private equity firm. Financial terms were not disclosed. "Our goal continues to be driving greater shareholder value by making ConAgra Foods a more focused and higher performing company," said Sean Connolly, president and chief executive officer of ConAgra Foods. "The divestiture of JM Swank is the most recent step we have taken to allow us to drive growth by continuing Continued on Page 10 Functional dairy foods - Beyond basic nutrition F.D.A. issues sodium reduction guidance he Food and Drug Administration on June 1 issued for comment draft guidance for the voluntary reduction of sodium in prepared foods. The guidance features 2-year and 10year goals for sodium content in prepared foods to reduce excess sodium intake among consumers. The F.D.A. has established proposed targets for approximately 150 food product categories that the agency said contribute meaningfully to the amount of sodium in the diet. "Today's announcement is about putting power back in the hands of consumers, so that they can better control how Continued on Page 28 Story on Page 38 T G.M.O.s, cheap eggs, weather lead buzz at Sosland Purchasing Seminar he 39th annual Sosland Purchasing Seminar has come and gone with another year of record attendance. While presentations by nearly 30 speakers covered a broad range of ingredients and topics, the "buzz" often focuses on just a few. This year, the labeling of T bioengineered (genetically modified organisms or G.M.O.s) ingredients, low egg prices, high soybean prices, summer weather, value of the U.S. dollar and the fall election appeared to generate ample questions and sideline discussions. The topic with the greatest impact on the most ingredients likely was G.M.O.s, with the Vermont labeling law going into effect July 1, although some noted there is a sixmonth grace period for products already distributed. G.M.O. labeling is especially significant for beet sugar (nearly all is from bioengineered seed), soybeans (94% from bioengineered seed) including products such as soybean oil, soybean meal and soy flour, and corn (89% from bioengineered seed), including food and feed products and sweeteners. The food industry has favored a national Continued on Page 26 ®

Table of Contents for the Digital Edition of Food Business News - June 14, 2016

Food Business News - June 14, 2016
ConAgra Foods to sell JM Swank
F.D.A. issues sodium reduction guidance
G.M.O.s, cheap eggs, weather lead buzz at Sosland Purchasing Seminar
Table of Contents
Web Contents
Editorial - Undeclared allergens emerging as a leading food safety issue
Global food waste measurement standard established
General Mills partnering with Organic Valley
Candy manufacturing in the clean label age
Russell Stover moving beyond the box
McCormick going ‘broader and bigger’ with acquisitions
Wal-Mart taking a ‘methodical’ approach to fresh foods
Cargill to pump up protein capabilities with acquisition
Hormel Foods to discontinue SPAM snacks line this summer
B&G Foods hungry for more acquisitions in snacks
McDonald’s USA embracing innovation at the local level
Small, mid-size C.P.G. companies gained share in 2015
Keurig discontinuing its Kold beverage dispensing platform
U.S.D.A. sees 8% drop in bee colonies
Ingredient Innovations - Reasons to increase the supply of sunflower oil
Results show systems to reduce saturated fat work
Ingredient Trends - Culinary trends in transition
Tracking beverage trends in food service
Dairy Business News - Functional dairy foods – Beyond basic nutrition
Label claims for functional foods
New Food Products
Ingredient Market Trends - U.S.D.A. raises 2016-17 wheat ending stocks on higher winter wheat production forecast
Ingredient Markets
Supplier Innovations and News
Ad Index
Food Business in the News

Food Business News - June 14, 2016