Food Business News - Nov 28, 2006 - (Page 1)

FoodBusinessNews ® November 28, 2006 NEWS, MARKETS AND ANALYSIS FOR THE FOOD PROCESSING INDUSTRY PepsiCo acquires Naked Juice Co. Food industry decries some trade-offs in W.I.C. proposal 11 I.R.I. projects private label expansion 33 Anderson tapped to lead Wendy's 55 MARKET WATCH WASHINGTON - With public comments in hand, officials of the U.S. Department of Agriculture's Food Nutrition Service were set to finalize proposed changes to the government's Special Supplemental Nutrition Program for Women, Infants and Children (W.I.C.). It will be the first time since 1980 that food packages provided to program participants have been updated. The final changes will take into consideration public comments but will remain based on recommendations from the National Academies' Institute of Medicine (I.O.M.), with certain modifications to make the changes "cost neutral." Some foods will be introduced to W.I.C. food packages for the first time, such as whole grain bread and fruits and vegetables. Others will have diminished roles "in order to be more consistent with the amounts of these foods recommended in the 2005 Dietary Guidelines for Americans and W.I.C.'s role Continued on Page 22 Monthly milk production billion lbs 23 states 15 2006 2005 2004 14 Culture clash Changes take place in the cultured dairy market 13 12 Jan. Mar. May July Sept. Nov. Source: U.S. Department of Agriculture Production has exceeded year-ago levels for 20 consecutive months. Cultured dairy products, a market segment that features staples such as cottage cheese, cream cheese and sour cream, is experiencing new found growth through the growing yogurt market. During the past five years, sales of cream cheese, cottage cheese and sour cream have remained steady, declined and modestly increased, respectively. Yogurt sales, in terms of dollar and unit volumes, on the other hand, have skyrocketed. According to ACNielsen's Strategic Planner, which includes data from U.S. food, drug and mass merchandisers, excluding Wal-Mart Stores, Inc., dollar sales of yogurt increased to $3,143,934,146 for the 52-week period ended Oct. 7, 2006, from $2,491,694,027 for the 52-week period ended Oct. 12, 2002. In comparison, sales of cream cheese for the same period increased to $820,532,168 from $811,209,049 in 2002. The growth is part of a trend that has been developing since 1990. According to the U.S. Department of Agriculture, production of all yogurt products has almost tripled from 1990 to Continued on Page 29

Table of Contents for the Digital Edition of Food Business News - Nov 28, 2006


Food Business News - Nov 28, 2006