Food Business News - Jan 08, 2008 - (Page 1)

FoodBusinessNews ® NEWS, MARKETS AND ANALYSIS FOR THE FOOD PROCESSING INDUSTRY Yildiz Holdings acquires Godiva 12 Cafe Steamers heat ConAgra's product pipeline 13 Energy (drink) alternatives 30 MARKET WATCH January 8, 2008 Carving out a niche for allergen-free Nearly 12 million Americans suffer from food allergies, according to The Food Allergy & Anaphylaxis Network, and the market for foods formulated without allergens is growing about 7% annually - about twice as fast as the regular grocery market - said David Lockwood, director of research at Mintel, Chicago. Yet Mr. Lockwood said while the growth rate appears attractive and will continue, the market will remain niche and dominated by smaller companies. Steve Taylor, director of the food allergy research and resource program and the University of Nebraska, agreed. "I think you'll see it mostly as an emerging trend among smaller companies that are willing to take extra effort to make those kinds of products Continued on Page 22 Nearby New York crude oil futures per barrel (close on first trading day of year) $99.62 $63.14 $31.85 $17.43 2008 2007 2003 1998 Source: Energy Information Administration Crude oil futures hit a record $100 a barrel on Jan. 2. W.T.O. to consider challenge to U.S. farm programs Brazil and Canada assert U.S. subsidies exceed limits WASHINGTON - The World Trade Organization's dispute settlement body on Dec. 17 established a panel to investigate complaints lodged by Canada and Brazil against the U.S. for providing farm subsidies and other domestic agricultural support exceeding established limits. The W.T.O. panel will begin to consider the broad challenge to key U.S. farm and trade policies even as the Senate and House farm bills, which expand the very programs in dispute, are referred to a conference committee. Initially, Canada and Brazil lodged their complaints separately. The government of Canada on Jan. 8, 2007, requested consultations with the U.S. about U.S. subsidies and other domestic producer and agricultural industry support Continued on Page 20

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Food Business News - Jan 08, 2008