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| The Food Institute, 10 Mountainview Road, Suite S125, Upper Saddle River, NJ 07458 Phone: 201-791-5570 Fax: 201-791-5222 www.foodinstitute.com | |
August
23, 2011Industry NewsMars Chocolate North America broke ground for a manufacturing facility in Topeka, KS. The 350,000-sq. ft. plant is the first Mars Chocolate site built in the U.S. in 35 years and will pursue LEED Gold Certified designation. Full Story The Daily Update is a substantially abbreviated version of Today In Food. You can get a subscription to Today In Food, which usually has over 30 news items each day, as well as access to the archives for just $49.95 per year. Click here to sign up.
Emerging markets delivered 45% sales growth for the H.J. Heinz Company , driven largely by acquisitions including Foodstar in China in November 2010 and the Quero brand in Brazil in April. The company recorded 13% organic sales growth in emerging markets, which set a record at 23% of total company sales, up from 18% a year ago. Total organic growth also reflected higher net pricing (3.8%), primarily in the U.S., UK and Latin America. Full Story Anthony's Coal Fired Pizza's CEO plans to expand the chain in Florida and the Northeast from its current 25 locations. Revenue grew from $19.1 million in 2008 to $39.7 million last year, reported Miami Herald. Full Story (Free Registration Required) New Product News: Win Schuler Foods launched refrigerated Lia Marie's Original Garlic Spread and Five Cheese Garlic Spread in stores throughout the Milwaukee and Green Bay areas. Full Story ... Aunt Jemima Frozen Breakfast rolled out Oatmeal Pancakes. Full Story ... Baker's Pride, Inc. will introduce new products in the "better for you" category and expand manufacturing capabilities to service its private label, regional and national supermarket chain business. Full Story ... To Go Brands launched VitaRocks children's vitamins in 78 H-E-B stores in Texas. Full Story
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Increased localization of food sourcing, production and distribution is being used to build sales in emerging markets and address increasing costs for ingredients like milk, sugar and cocoa by global food companies. Nestle SA is looking to reduce its reliance on imports from Australia, New Zealand and the U.S. and double the company's local milk production by investing in local cooperatives, improving water supplies for cattle and building barns for local farmers in Indonesia. Local manufacturing of milk-based products cuts the need for transportation and expensive packaging, which can account for as much as 30% of the cost of goods sold, reported The Wall Street Journal. Full Story (WSJ Subscription Required)
Health NewsSome 15% of Americans stated soy is "good for women," compared to 3% in 2010, according to the 2011 Consumer Attitudes about Nutrition survey conducted by the United Soybean Board. Full Story
Washington NewsFDA Deputy Commissioner Michael Taylor visited farms on a listening tour for 18 months, seeking to allay farmers' concerns. The first draft of farm rules mandated by the Food Safety Modernization Act is due early next year, and the agency is currently in the process of writing rules that are expected to address basics like hand-washing stations for field workers, tests of irrigation water and measures to protect fields from wild animals, reported The New York Times on the Web. Full Story (NYT Subscription Required)
Market NewsCorn futures in Chicago rose nine cents on Aug. 22 to close at $7.20 a bushel for September delivery. Corn futures rose amid speculation that the recent rains in the Midwest will not be enough to ease drought conditions and boost farmers' yields, reported The Los Angeles Times. Full Story (Free Registration Required)
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| FI's Mission: The Food Institute strives to be the best "single source" for current, timely and relevant information about the food industry from "farm to fork." The association serves as a trusted source of information, providing balanced coverage of the issues. It delivers information through multiple media so that industry professionals worldwide can tap in when and how they choose. For more information, visit, http://www.foodinstitute.com. |
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