Food Business News - Jan 19, 2010 - (Page 1)

January 19, 2010 FOODBUSINESS NEWS NEWS, MARKETS AND ANALYSIS FOR THE FOOD PROCESSING INDUSTRY N.Y.C. initiative targets sodium reduction Story St tory on P Page age 27 NEW YORK - New York City Public Health Department officials have launched the National Salt Reduction Initiative, a program to guide the voluntary reduction in salt levels in foods sold at retail as well as food service. The goal is to cut the salt in packaged and restaurant foods by 25% over five years. "Consumers can always add salt to food, but they can't take it out," said Thomas Farley, New York City Health Commissioner. "At current levels, the salt in our diets poses health risks for people with normal blood pressure, and it's even riskier for the 1.5 million New Yorkers with high blood pressure. If we can reduce the sodium levels in packaged and Continued on Page 16 Cold weather wreaks havoc on orange crop, markets KANSAS CITY - The coldest weather in decades across Florida's citrus growing region sent frozen concentrated orange juice futures prices up the 10c-a-lb daily limit twice in the past two weeks, and prices continued to rise early last week. But large stocks of frozen orange juice have held gains somewhat in check, and values eased some toward week's end as the wintry weather moderated. After dropping about 9c a lb on Dec. 31, the nearby March frozen concentrated orange juice futures contract soared 18% and peaked at 146.7c a lb on Jan. 8. The March 2010 contract rose the 10c daily limit on Jan. 5 and again Continued on Page 24 A nice fit Nestle sees range of opportunities in Kraft pizza acquisition GLENDALE, CALIF. - The Kraft Foods Co. frozen pizza business represents "a very compelling acquisition" for Nestle, said Brad Alford, chairman and chief executive officer of Nestle USA. Mr. Alford participated in a conference call Jan. 7 to discuss the transaction with investment analysts. Also on the call for Nestle was Jim Singh, chief financial officer of the parent company, Nestle S.A., Vevey, Switzerland. The call followed the Jan. 5 announcement that Nestle has agreed to acquire Kraft's frozen pizza business in the United States and Canada for $3.7 billion. Brands included in the transaction include DiGiorno, Tombstone, California Pizza Kitchen, Jack's and Delissio. For the parent company, the transaction "satisfies Nestle merger and acquisition strategies on all metrics," Mr. Singh said. These targets include having No. 1 or No. 2 Continued on Page 15

Table of Contents for the Digital Edition of Food Business News - Jan 19, 2010


Food Business News - Jan 19, 2010