Food Business News - Mar 20, 2007 - (Page 1)

FoodBusinessNews ® NEWS, MARKETS AND ANALYSIS FOR THE FOOD PROCESSING INDUSTRY F.D.A. issues fresh-cut safety guidance March 20, 2007 Cadbury Schweppes to split confectionery and beverages units 13 Buyout group to acquire Topps 14 Trans fat siege intensifies 32 MARKET WATCH LONDON - Cadbury Schweppes P.L.C. plans to split into two businesses - one focused on drinks and the other on confectionery. The move comes only a few days after the company said U.S. billionaire Nelson Peltz bought a stake in the company, sparking takeover speculation. Full details of the business split are expected to be provided in June when the company delivers its trading update. "This decision is of great significance for the board and the company," said John Sunderland, chairman. "It has been facilitated by acquisitions and disposals over the last decade designed to create a strong and potentially independent Americas Beverages business. In the same time, we have built the world's largest confectionery business. "We believe now is the moment to separate and give both management teams the focused opportunity to extract the full Continued on Page 10 Feb. 1-March 12 gasoline price change 20.2 -3.0 10.5 18.3 12.0 14.6 2.0 36.8 cents per gallon '07 '06 '05 '04 '03 '02 '01 '00 Agribusiness leaders weigh in on the future of biofuels Senior executives of ADM, Cargill and CHS offer views at U.S.D.A. forum Source: U.S. Energy Information Administration This year's price increase was the largest in several years. WASHINGTON - Senior executives of three U.S. agribusiness giants presented views on the future of crop production for fuel during a special plenary session of the U.S. Department of Agriculture's Agricultural Outlook Forum March 1. The executives embraced the notion renewable fuels will play an increasingly important role in enhancing U.S. energy security. But there also were suggestions for a balanced approach to U.S. bio-energy policy, with emphasis on a market-driven allocation of crops for fuel or for feed and food use and the need for the economics of biofuels "to work." Patricia A. Woertz, chairman and chief executive officer, Archer Daniels Midland Co., Decatur, Ill., said ethanol could grow to replace 10% of gasoline consumption in America - requiring production of about 14 billion gallons of ethanol annually - with corn continuing as the primary feedstock. Ms. Woertz said President Bush's call Continued on Page 26

Table of Contents for the Digital Edition of Food Business News - Mar 20, 2007


Food Business News - Mar 20, 2007