Food Business News - Nov 11, 2008 - (Page 1)

FoodBusinessNews ® NEWS, MARKETS AND ANALYSIS FOR THE FOOD PROCESSING INDUSTRY Little change in ag policy seen under Obama administration Corn Products plans to withdraw merger agreement with Bunge 24 2 Vitam D Vitamin research shows resea promise prom D 27 Food processors making a 'Smart Choices' 33 MARKET WATCH Frozen meat stocks change from year ago as of Sept. 30 Beef Pork November 11, 2008 WESTCHESTER, ILL. - The board of directors of Corn Products International Inc. on Nov. 5 said it plans to withdraw its recommendation to be merged with White Plains, N.Y.-based Bunge Ltd. Under terms of the agreement first announced in mid-June, Corn Products has the right to withdraw or change its recommendation to adopt the merger agreement following at least five days notice to Bunge. If Corn Products opts to take either of those steps, Bunge then has the right to require that Corn Products hold a meeting of its shareholders to vote on the adoption of the merger agreement or to terminate the merger agreement and seek reimbursement from Corn Products for up to $10 million of Bunge's expenses in connection with the merger. For Corn Products shareholders, the value of the merger has declined precipitously because of a plunge in the stock market generally and in Bunge shares specifically Continued on Page 20 -9% +5% Chicken Turkey +16% +22% Source: U.S. Department of Agriculture Red meat and poultry stocks totaled 2.4 billion lbs on Sept. 30. Multi-functional cereal Digestive health, heart health and weight management are all benefits consumers desire from cereal Consumers are demanding more and less from their cereals today, especially in the areas of more functional benefits and less sugar. "More and more, American consumers are now requesting better-for-you, convenient products that fit their nutritional needs and their lifestyles," said Susanne Norwitz, spokesperson for The Kellogg Co., Battle Creek, Mich. "We strive to offer a variety of product innovations to meet consumers' diverse health needs such as digestive health, heart health and shape management." For digestive health, Kellogg has the AllBran line, and the newest addition to the line, All-Bran Strawberry Medley. Digestive health is also the main driver behind LiveActive cereal from Kraft Foods Inc., Northfield, Ill. The cereal is offered in two varieties and has 3 grams of the prebiotic fiber inulin per serving. The Smart Start line from Kellogg is Continued on Page 39

Table of Contents for the Digital Edition of Food Business News - Nov 11, 2008


Food Business News - Nov 11, 2008