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Industry News
Changing consumer beverage preferences
and retail pricing pressure are expected to cause a
rise in mergers and acquisitions in the beverage industry,
according to a report from Rabobank. Full
Story Now Available!
The Food Institute's comprehensive Food Business
Mergers & Acquisitions 2009 provides detailed analysis
on the 263 mergers and acquisitions recorded in
2009. Organized into over 25 categories, the Food Business
Mergers & Acquisitions 2009 guide is a valuable resource
for examining individual deals as well as exploring
larger trends in specific industries or international
markets. To order and for more information, click
here.
New!
The June 3 edition of the Lempert Report, featuring
Food Institute data, takes a look at the Russian grocery
business. Also, food deflation is over. Hosted by
Phil Lempert, The Lempert Report comes out every Thursday.
Click
here to view.
A Sun Capital Partners, Inc. affiliate
completed the acquisition of Bar Louie Restaurants.
Full
Story
 Products
such as Hershey Co.'s Reese's Minis, portion-controlled
marble-sized chocolate-peanut butter cups and Mars'
goodnessKnows snack squares containing phytonutrients
were some of the healthful confections showcased
at the Sweets & Snacks Expo in Chicago. The industry
is making such products more common, trying to strike
a balance between feeding the public's desire for indulgence
and responding to government pressure to fight obesity,
reported The Los Angeles Times. Full
Story (Free Registration Required)
 The
Hershey Co. is proposing to modernize and expand one
of its hometown plants, reported The Associated
Press. Full
Story
Tim Hortons will add 48 self-serve
coffee kiosks to new Tops Friendly Markets locations
in New York and Pennsylvania, reported QSR Magazine.
Full
Story
International News
Health Canada's Sodium Working Group
intends to set voluntary sodium
reduction targets for industry in July in an effort
to reduce consumption levels over the next decade,  reported
Food Navigator USA. Full
Story
Canada's major supermarket chains
are reducing the amount of Redlist species and adopting
sustainable seafood procurement policies, according
to a Greenpeace report. The report, Taking Stock:
Ranking supermarkets on seafood sustainability,
ranks Canada's eight major grocery chains on their efforts
to help improve the sustainability of the seafood they
buy and sell. Full
Story
Health News
Children
who consume a Mediterranean diet have a lower risk of
developing asthma, but eating three or more burgers
a week is linked to a higher risk, claims research published
in Thorax, reported BBC News. Full
Story
Washington News
The California Assembly passed legislation
prohibiting handing out plastic bags
at grocery stores, pharmacies, convenience stores and
liquor stores. The bill, AB 1998, still needs state
Senate approval, reported The Sacramento Bee.
Full
Story (Free Registration Required)
An California assembly committee
advanced a bill that would require state agencies
to buy California produce and nuts instead of imports
when the cost and quality are comparable, reported The
Modesto Bee. Full
Story (Free Registration Required)
Market News
Very large volumes of Mexican mangoes
will likely continue well
into June. Importers and industry officials hope that
improving quality will keep fruit moving and prices
stable. Weekly crossings in the second half of May were
at or near record levels, with product coming in from
multiple growing regions, stated Luis Diaz, salesman
for Diazteca Co., reported The Packer Online.
Full
Story (Subscription Required)
Libby's added pumpkin crop acreage
this year and expects its canned pumpkin product
to return in September, "as long as Mother Nature is
cooperative," noted a spokesperson, reported The
Washington Post. Full
Story (Free Registration Required) New
from The Food Institute! The
Almanac of Canned Vegetables 2010, a newly revised,
updated reference report, presents five-year time series
data through the end of 2009. At 216 pages, a variety
of data is included, such as acreage, consumption and
production, as well as imports and exports. Benefit
from this new edition, which contains "exclusive" Food
Institute price trend data collected directly from industry
sources as well as U.S. Census Bureau data. To purchase
or for more information, click
here.
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