|
Industry News
CVS will double the size of food
sections in 3,000 of its 7,000 stores by
the end of the year. So far, at least a dozen CVS stores
were converted in the Boston area, reported The Patriot
Ledger. Full
Story
More restaurant chains are offering
frozen retail versions as they look for "new
revenue streams," stated Robin Lee Allen, executive
editor at Nation's Restaurant News. New freezing technologies
have improved and have made the grocery's frozen-food
aisle almost a "no lose" proposition, stated Bob Garrison,
editor of Refrigerated & Frozen Foods, reported USA
Today. Full
Story
About 17% of the population is in
a sub-set of consumers that drives organic/natural purchases
and is willing to pay more, or go out of their way,
to indulge this preference, according to the L.E.K.
Consulting Consumer Sentiment Survey. However, nearly
24% of affluent households fall into this camp. Full
Story
 General
Mills, Kraft Foods, Kellogg and Campbell Soup were some
of the top companies listed in Brandweek's Superbrands
report. Food
Category, Fast
Food Category
View Today!
The June 9 edition of New Products Hits and Misses
with Phil Lempert profiles items including A.V.
Thomas Microwave-able Natural Beauty Sweet Potato; Beacon
Light Steam Series Tomato, Basil and Garlic Tilapia;
and Edwards Singles Hot Molten Lava Chocolate Cake with
Creamy Ice Cream. Five new products are evaluated each
week. Click
here to view.
International News
The Venezuelan government began taking
over 18 food and retail distributors
June 7, accusing them of irregularities. Authorities
have "temporarily occupied" the businesses and will
later expropriate them, according to Commerce Minister
Richard Canan, reported The Canadian Press. Full
Story
 Real
Good Food is set to open a new UK factory this month
to develop a larger range of artisan bakery goods, reported
Food and Drink Europe. Full
Story
Health News
Eating
dairy foods could help protect the heart,
according to research from Sweden published in American
Journal of Clinical Nutrition, reported Reuters.
Full
Story
Washington News
FDA's abilities to discover potential
threats to food safety and prevent outbreaks of foodborne
illness are hampered by impediments
to efficient use of its limited resources and a piecemeal
approach to gathering and using information on risks,
according to a report issued by the Institute of Medicine
and National Research Council. The report recommends
FDA should develop a risk-based approach to regulation,
increase coordination with state and other federal agencies
and amend the Federal Food, Drug, and Cosmetic Act
to explicitly provide FDA additional authority. Full
Story, Report
Brief
Effective June 14, USDA will require
all shipments of tomatoes from Canada to be accompanied
by an industry-issued "certificate of origin." This
requirement is primarily based on USDA's efforts to
prevent the entry of tomato leafminer to the U.S. Full
Story
Market News
The price of domestically produced
U.S. shrimp increased more than 40%
to $6.20 per pound since the BP oil spill, according
to Urner Barry, reported Financial Times. Full
Story (Subscription Required)
| Register
Now - The Future of Food Retailing 2010,
a webinar presented by the Food Institute
and Willard Bishop. Join
Jim Hertel, Managing Partner, and Craig Rosenblum,
Partner, both of Willard Bishop, and moderator
Michael Sansolo, editor, columnist, and FI
Board Member, as they provide their unique
and unparalleled insights into the Future
of Food Retailing in a one-hour webinar to
be held 12 p.m. (EST), Tuesday, June 29. They
will delve into retailer strategies, identify
specific actions Walmart and others are taking,
and point out intended and unintended consequences
of retailers' actions. They will also point
out winners and losers in the post-recession
food retailing landscape. To sign up and learn
more, click
here. |
|
Russia is challenging America's supremacy
in the global wheat market, reported Bloomberg
BusinessWeek. Russia currently exports 14% of the
world's wheat, up from 0.5% in 2000. The U.S. share
of wheat exports fell from 26% to 19% over the time
period. Full
Story
|
