Food Business News - Aug 05, 2008 - (Page 1)

FoodBusinessNews ® NEWS, MARKETS AND ANALYSIS FOR THE FOOD PROCESSING INDUSTRY August 5, 2008 California moves ban trans fat, would restrict quick-service restaurants Salmonella source identified Schwarzenegger signs trans fat bill; L.A. city council votes for moratorium 10 Consumers and health claims 31 Commodity boom just beginning 37 MARKET WATCH New York crude oil futures $150 SACRAMENTO, CALIF. - Governor Arnold Schwarzenegger signed a bill, AB 97, on July 25 that will require California restaurants to phase out the use of trans fats in all foods except baked products by 2010 and also from all baked products by 2011. "This is more than just legislation, this is a call to action that takes into consideration the health of our families," said Tony Mendoza, California assemblyman and author of the bill. "We are taking a risk when we consume food and products that contain trans fats. This is an invisible and dangerous ingredient that increases the risk of heart disease, stroke and high blood pressure - it had to be eliminated." The measure also includes provisions for $25 to $1,000 fines for violations. "We are confident that our members will be able to meet the mandate because restaurants are already phasing out trans fats voluntarily," said Daniel Conway, spokesperson for the California Restaurant Continued on Page 18 TRANS FAT per barrel $140 July 28 July 21 July 6 July 13 June 29 June 22 June 8 June 15 $120 June 1 $130 Crude oil prices have dropped more than $20 a barrel since mid-July. Schafer rules out penalty-free early release of C.R.P. acres Industry groups sought the release to replenish critically low stocks WASHINGTON - There will be no penaltyfree, early release of Conservation Reserve Program acres this fall. Secretary of Agriculture Ed Schafer on July 29 stated, "After carefully considering recent crop reports and weather conditions, the price trends we are seeing in grain markets and the likelihood of increasing land for crop production, we have decided not to allow the penaltyfree release of C.R.P. land at this time." Producers and the food and feed industries, in response to expanding U.S. and world demand for grains and oilseeds, recently intensified long-standing efforts to encourage the department to allow producers with acres enrolled in the C.R.P. that could be farmed in an environmentally responsible manner to withdraw those acres from the program without penalty Continued on Page 28

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Food Business News - Aug 05, 2008