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Industry News
Wal-Mart is considering switching
to private-label spices and
tested the idea by replacing McCormick products with
generics in some stores. McCormick generates 11% of
its revenue from sales to Wal-Mart, mainly with brand-name
spices, but private label's market share rose to 14.5%
in 2009 from 13.5% in 2008, according to Robert Moskow
of Credit Suisse, reported The Wall Street Journal.
Full
Story (WSJ Subscription Required)
The Doritos "House Rules"
commercial was the most talked about television advertisement
on Twitter during the Big Game, according to Squawq.
The Doritos brand as a whole received more than 35,000
tweets during the game for its ads. More than 21,000
tweets were received immediately after the "House
Rules" spot aired. Full
Story Recording Now
Available! Regulating The New Social
Media ... What You Need To Know Before You "Tweet,"
a Food Institute webinar, discussed the regulatory
and legal repercussions companies face in using social
media outlets. Webinar participants included Mary Engle
with the Federal Trade Commission, Violet Aldaia of
Brand Edge Global, David Mallen with the National Advertising
Division of the Better Business Bureau, and Richard
Leighton with the law firm of Keller and Heckman. To
purchase a recording or learn more, click
here.
The Schwan Food Co. is looking to
double the size of its foodservice business, which
generates $750 million in annual sales. The company
is developing new foodservice products, including Mrs.
Smith's breakfast pastries and Rising Sun Sushi. Schwan's
Food Service Inc. gets about 70% of its sales from noncommercial
customers such as schools, hospital cafeterias and the
military, reported Minneapolis / St. Paul Business
Journal. Full
Story (Free Registration Required)
 The
national volume of sales of grocery-anchored retail
centers grew 6.6% in 2009, to $3.2 billion worth
of transactions, according to Marcus & Millichap Real
Estate Investment Services, reported Nashville Business
Journal. Full
Story (Free Registration Required)
Nikken Foods USA, Inc. opened a distribution
center in St. Louis, MO. The center, which is 20%
larger than its current space, will also house the company's
Application Kitchen, a test kitchen used for research
and development. Full
Story
International News
China will be the largest
grocery market in the world by 2014, worth €761
billion, according to IGD.
The country will overtake the U.S. for the No. 1 spot;
the U.S. grocery market will be worth €745 billion
by 2014. India will become the third largest food and
grocery market in four years' time, while Russia and
Brazil will rank fifth and sixth respectively.  Indonesia
will enter the top 10 list for the first time by 2014.
Full
Story
Kirin Holdings ended merger
talks with Suntory Holdings. However, "Kirin
will keep looking for mergers as part of its growth
strategy," noted president Kazuyasu Kato,
reported Bloomberg.com. Full
Story
Health News
Individuals
who drink two or more sweetened soft drinks a week have
a 87% higher risk of pancreatic
cancer, according to a University of Minnesota study
published in Cancer Epidemiology, Biomarkers & Prevention,
reported
Reuters. Full
Story
Washington News
The
Obama administration will introduce legislation that
will require schools to offer
more nutritious fare. A proposed ban on candy and sugary
beverages in schools is expected as well,
according to The New York Times on the Web. Vending
machines in schools will have to be stocked with healthy
offerings, according to excerpts of a speech provided
to the Times that Agriculture Secretary Tom Vilsack
will deliver Feb. 8.
Full
Story (Free Registration Required)
| Recording Now Available! Understanding
FDA's Reportable Food Registry (RFR),
a webinar hosted by The Food Institute and
Olsson Frank Weeda Terman Bode Matz PC, discussed
FDA's current thinking regarding the RFR.
The RFR is an electronic portal industry must
use to alert the FDA when they find their
products might sicken or kill people or animals.
The reporting requirement applies to all foods
and animal feed regulated by FDA, except infant
formula and dietary supplements, which are
covered by other regulatory requirements.
Webinar moderator Robert Hahn provided insight
on the legal obligation of reporting an adverse
event through the RFR. To purchase the recording,
click
here. |
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Washington
State public schools and universities can save between
20% to 40% by having professional on-site services
companies handle or manage their dining or food services,
according to a study by the Washington State Education
Funding Coalition. Full
Story
Market News
The Honduran appple market experienced
growth over the past three years,
increasing its importation of apples from $9.5 million
in 2006 to $10.9 million in 2007 and $11.8 million in
2008, noted FAS. The U.S. is the major supplier of apples
to Honduras, enjoying a reputation for high quality
and having a high level of acceptance. In 2008, the
value of U.S. apple exports to Honduras was $7.5 million,
with Chile being the second largest exporter of apples
to Honduras at a value of $3.5 million. FAS
Report
Bunge Limited completed the acquisition
of certain interests in the Moema Group cluster
of sugarcane mills in Brazil. Full
Story
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