Food Business News - Dec 27, 2005 - (Page 1)

FoodBusinessNews December 27, 2005 NEWS, MARKETS AND ANALYSIS FOR THE FOOD PROCESSING INDUSTRY Merging taste and art Rodkin realigns ConAgra business structure; earnings drop affirmed 8 Tropicana introduces O.J. with fiber Are organic foods healthier? 28 OMAHA - ConAgra Foods Inc. is changing vice being merged with ConAgra Food its corporate and business operating struc- Ingredients to form ConAgra Foods Comtures to realign and clarify accountability. mercial. This new organization will be The changes are effecled by Greg Hecktive immediately. man, formerly presi"Aligning our mandent, ConAgra Food agers directly with our Ingredients. key priorities will re"There are compelsult in better execution ling advantages to and effectiveness," combining these opGary Rodkin, ConAgra erations," Mr. Rodkin Foods president and said. "It allows us to chief executive ofleverage the strengths ficer, said last week. of each business, The company also while simplifying our issued quarterly finanstructure." cial results, affirming The Retail business earlier guidance that will be led by Dean quarterly profits would Hollis, previously exbe sharply lower. ecutive vice-president Among the key orof Retail. The sales ganizational changes Gary Rodkin is taking a more hands-on organization, which undertaken was a re- approach at ConAgra Foods. previously reported alignment of ConAgra into the head of ReFoods from three operating channels to tail, will be led by Doug Knudsen and will Continued on Page 12 two, with the previous ConAgra Foodser- MARKET WATCH Only limited progress at Hong Kong ministerial Agreement to end agricultural subsidies reached; other decisions deferred Ham prices dropped 34% as holiday demand ended. HONG KONG - Progress made at the World Trade Organization Hong Kong ministerial meeting Dec. 13-18 was the minimum required not to call the trade summit a failure. Marathon negotiating sessions during the last day of the conference produced an agreement on the contentious issue of agricultural export subsidies, which should allow the talks to move forward. But more will have to be accomplished, and quickly, if negotiators are to meet the newly set April 30 deadline for establishing a concrete outline, or set of modalities, that will allow the fleshing out of a final agreement before the end of 2006. If an agreement is not completed by December 2006, it might not be possible to push it through Congress before President George Bush's fast-track negotiating authority expires in July 2007. The chief accomplishment of agriculture negotiators was securing the agreement of the European Union to end all agricultural export subsidies by 2013. U.S. Trade Representative Robert Portman Continued on Page 16

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Food Business News - Dec 27, 2005