Food Business News - Oct 13, 2009 - (Page 1)

FoodBusinessNews ® NEWS, MARKETS AND ANALYSIS FOR THE FOOD PROCESSING INDUSTRY October 13, 2009 Organic segment shifts tracked Cocoa powder users face quandary 21 2 Climate change on the horizon 2 28 Finding the facts about flax 33 MARKET WATCH Excess cocoa butter limits powder supply despite demand KANSAS CITY - Despite, and even partial- up for heavier-than-expected use or to rely because of, reduced chocolate demand, place shipments from another seller that cocoa powder prices are at six-year highs were not delivered for some reason. and supplies are so tight some traders foreAnother developing situation involves see shortages this fall. actual chocolate, such as chips and chunks Continued on Page 26 Already in September major cocoa processors indicated $1.40 they were shipping cocoa powder only to (10-12% natural) customers who had $1.20 previously contractper lb ed for the supply. While spot demand wasn't large, as most $1.00 users had covered cocoa powder needs through the end of $0.80 the year and well into 2010 some time ago, it was critical $0.60 Jan. an. Feb. March April May June July Aug. Sept. Oct. for those who needed 2009 fill-in supply to make Source: Food Business News Cocoa powder prices Coalition confronts obesity Foundation aims to improve wellness and reduce obesity by 2015 Production forecast to be second lowest since 1988. WASHINGTON - A coalition of more than 40 of the nation's largest retailers, non-governmental organizations and food and beverage manufacturers have joined to launch the Healthy Weight Commitment Foundation (H.W.C.F.), a national, multi-year effort designed to help reduce obesity by 2015. The initiative, which will give special focus to childhood obesity, will promote ways to help people to achieve a healthy weight through energy balance, and will focus on three key areas: the marketplace, the workplace and school. So far, members of the foundation have committed $20 million to the effort. "The stakeholders involved in this commitment recognize that by working together we can make a real difference on the obesity issue in our country," said David Mackay, president and chief executive officer of Kellogg Co., Battle Creek, Mich., and chairman of the board of the H.W.C.F. "We are united in an Continued on Page 31

Table of Contents for the Digital Edition of Food Business News - Oct 13, 2009


Food Business News - Oct 13, 2009