Food Business News - Oct 16, 2007 - (Page 1)

FoodBusinessNews ® October 16, 2007 NEWS, MARKETS AND ANALYSIS FOR THE FOOD PROCESSING INDUSTRY David West to succeed Rick Lenny at Hershey Cadbury to demerge Americas Beverages business 22 Incremental change in eating habits 31 'pHruit' awareness in marinades 44 MARKET WATCH LONDON - Cadbury Schweppes intends to demerge its Americas Beverages business. The decision follows announcements in March it would be splitting its confectionery and Americas Beverages business, and in July that it would be extending the timetable for the sale of the Americas Beverages business "to allow bidders to complete their proposals against a more stable debt financing market." The company has said that since then the debt market has remained difficult, and it does not believe current market conditions will support an acceptable sale process in the near future. With those considerations in mind, the company has decided to demerge. "This is a very exciting day for Americas Beverages," said Larry Young, who has Continued on Page 10 Florida orange production Year ending Sept. 30 in million 90-lb boxes 2007-08 2006-07 168.0 129.0 2005-06 147.7 Source: U.S. Department of Agriculture Although up 30% from 2006-07, forecast was below expectations. Frozen foods fingered Poll identifies consumer attitudes on issues of interest to food industry SAVANNAH, GA. - Consumers believe frozen and prepared foods are principal contributors to rising U.S. obesity rates, according to a recent survey conducted by Harris Interactive. Asked, "How much does each of the following food categories (processed foods, grains, meat, canned foods, dairy, poultry, fruit, vegetables or fish) contribute to obesity?" 57% of respondents said frozen/prepared foods contribute "a lot." Results of the survey were presented Sept. 29 at the annual meeting of the North American Millers' Association, a trade association representing the wheat, corn, oat and rye milling industry. The survey, "Food Consumerism 2007: Public Opinion, Consumer Preferences and the Future of the Food Industry," was commissioned by the NAMA but contained insights touching on the entire food processing industry. The survey was presented by Humphrey Taylor, chairman of The Harris Poll, Harris Interactive. A large percentage of the survey results covered in the presentation was based on Continued on Page 35

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Food Business News - Oct 16, 2007