Food Business News - Dec 22, 2009 - (Page 1)

December 22, 2009 FOODBUSINESS NEWS NEWS, MARKETS AND ANALYSIS FOR THE FOOD PROCESSING INDUSTRY Sara Lee details salt reduction strategy DOWNERS GROVE, ILL. - Sara Lee Corp. will reduce salt an average of 20% over the next five years across its product categories of fresh bread, hot dogs, lunchmeat, breakfast foods and cooked sausage. The initiative will encompass the company's leading food brands such as Jimmy Dean, Ball Park, Hillshire Farm and Sara Lee, and it is expected to build on the salt reduction initiatives the company already has accomplished through the launch of a line of lower-sodium lunchmeats and sodium-reduced options of fresh bread products. "This is in line with our broader wellness and nutrition strategy, which focuses on increasing the presence of Continued on Page 10 Government curbs proposed on marketing food to children WASHINGTON - The Interagency Working Group on Food Marketed to Children, which is a group of representatives from the Federal Trade Commission, U.S. Food and Drug Administration, Centers for Disease Control and Prevention, and U.S. Department of Agriculture, on Dec. 15 proposed tentative nutrition standards for food marketed to children. The voluntary guidelines would cover food marketed to children up to the age of 17 and place restrictions on products that contain significant amounts of sugar, sodium and saturated fat. Among the proposals: advertised food must not contain more than 1 gram of saturated Continued on Page 14 Story on Page 40 Ingredient costs forecast lower W hile most food ingredient prices moved higher in 2009, a number of factors point to downward pressure in the year ahead. That is the view of Paul J. Meyers, a vice-president of commodity analysis for Connell, Berkeley Heights, N.J. In an interview last week with Food Business News, Mr. Meyers identified several macro developments that may bode well for food ingredient buyers. He also discussed promising factors for a number of specific commodity groups, including wheat, corn and vegetable oil. "From a big picture perspective, I see two key factors to watch, beginning with currencies," Mr. Meyers said. "The dollar looks like it's bottoming out, and interest rates appear headed up sooner rather than later. That would take some of the bullish mentality out of the market. "Second, the Commodity Futures Trading Commission is still making noise about establishing limits to the long positions held by some funds. That also might take some bullish psychology out." The wide, even dizzying swings in Continued on Page 27

Table of Contents for the Digital Edition of Food Business News - Dec 22, 2009


Food Business News - Dec 22, 2009