Food Business News - Aug 18, 2009 - (Page 1)

FoodBusinessNews ® NEWS, MARKETS AND ANALYSIS FOR THE FOOD PROCESSING INDUSTRY Sauce segment heats up August 18, 2009 Sugar outlook not so sweet Tight supplies, futures at 28-year highs, refined prices jump 27 2 Sensible weight 4 44 Fiber for everyone 48 MARKET WATCH KANSAS CITY - The U.S. domestic sugar market was shaken out of its usual summer lull as tight global supplies sent world futures prices to at least 28-year highs with bulk refined values jumping more than 10% last week and sugar users pleading for relief in the form of an "immediate" increase in import quantities. World raw sugar futures (sugar 11) on New York's Intercontinental Commodity Exchange (ICE) hit 28½-year highs with the nearby contract trading above 23c a lb at midweek. The nearby futures price has doubled since late December and was up more than 60% from a year ago. "White" sugar futures on London's Liffe exchange were said to be at all-time highs last week. While U.S. grain and soybean markets often are subject to wide swings during the summer time because of crop concerns, such moves are rare in sugar. An insular, and highly controversial, government sugar program typically keeps the price of sugar within a narrow range. Under the program, the U.S. Department of Agriculture controls domestic sales volume and imports, with the exception of unlimited, duty free shipments from Mexico under the North American Free Continued on Page 24 Traders indicate some upward potential still exists in world sugar prices. U.S. soybean production in million bus 3,199* 2009 2008 2007 2,959 2,677 2006 2005 Source: U.S. Department of Agriculture 3,197 Health and wellness knowledge More consumers understand how ingredients relate to specific benefits 3,068 *forecast A record large soybean crop is forecast for 2009. WASHINGTON - Consumers are more aware of health-benefit pairings, such as calcium and bone health, in 2009 than they were in 2007. In some cases the increase in awareness reaches double-digit percentage points, such as omega-3 fatty acids and cognitive development, according to the 2009 International Food Information Council's Functional Foods/Foods for Health Consumer Trending Survey. Calcium and bone health, at 93% in 2009 compared with 89% in 2007, led in awareness among all health-benefit pairings. Awareness of omega-3 fatty acids for cognitive development, especially in children, jumped to 72% in 2009 from 53% in 2007. Other health-benefit pairings that saw double-digit percentage point gains in awareness included whole grains for reduced risk of heart disease, B vitamins for reduced risk of heart disease, probiotics for maintaining a healthy immune system and also for digestive health, folic acid for Continued on Page 15

Table of Contents for the Digital Edition of Food Business News - Aug 18, 2009


Food Business News - Aug 18, 2009