Food Business News - Mar 16, 2010 - (Page 1)

March 16, 2010 FOODBUSINESS NEWS NEWS, MARKETS AND ANALYSIS FOR THE FOOD PROCESSING INDUSTRY Basic Food Flavors recall continues to expand WASHINGTON - The number of products recalled due to Salmonella Tennessee in hydrolyzed vegetable protein (HVP) has grown quickly even though no illnesses had been linked to the outbreak as of March 10. Hydrolyzed vegetable protein is used as a flavor enhancer in processed foods such as soups, sauces, chili, stews, hot dogs, gravies, seasoned snack foods, dips and dressings. Basic Food Flavors Inc., Las Vegas, manufactured the HVP involved in the recall. The F.D.A. on March 4 had identified the dip brands Follow Your Heart, Great Value, Johnny's Fine Foods, Oak Lake Farms, and T. Marzetti; the dressing and dressing mix product brands Continued on Page 16 Restaurant traffic weak in 2009, but operators are optimistic CHICAGO - Slower restaurant traffic in all four quarters of 2009 contributed to a 3% decline in overall traffic for the year, according to The NPD Group, a Chicagobased market research company. The decline marked the first time consumer spending at restaurants has fallen since NPD began tracking the food service industry in 1976. The decline began in the summer of 2008 and accelerated in mid-2009, according to The NPD Group. In the fourth quarter of 2009, traffic declines slowed from the steep loss in the third quarter, but were still down 2.9%. All segments of Continued on Page 18 Story on Page 21 Sugar futures plunge but cash is yet to follow Tight domestic supplies trump futures declines for now KANSAS CITY - Although spring is approaching and many ingredient buyers' focus will be turning to grains and oilseeds, sugar prices continue to command attention, especially as significant declines in futures values have yet to be reflected at the cash level. Falling from the highest levels in decades, New York world sugar futures (No. 11) dropped to seven-month lows last week, reflecting shifts in currency values and the worldwide supply picture. Domestic raw sugar futures (No. 16) also declined, but less dramatically. The No. 11 nearby May futures price was near 19c a lb late last week, down more than 30% from 29-year highs set around the first of February, with No. 16 May down about 15%, nearing 35c a lb. Offering prices for physical bulk refined beet and cane sugar for nearby delivery, meanwhile, have held steady at 53c a lb since Jan. 22. Most beet processors are nearly sold out of sugar for the year. Cane refiners, as well as sugar users, have been Continued on Page 20

Table of Contents for the Digital Edition of Food Business News - Mar 16, 2010


Food Business News - Mar 16, 2010