Food Business News - Mar 30, 2010 - (Page 1)

March 30, 2010 FOODBUSINESS NEWS NEWS, MARKETS AND ANALYSIS FOR THE FOOD PROCESSING INDUSTRY J.M. Smucker to build facility, close four ORRVILLE, OHIO - The J.M. Smucker Co. plans to build a new manufacturing facility in Orrville and invest in new equipment and technology at its facility in Ripon, Wis. The capital investment for both projects will be approximately $150 million, according to the company. The company also announced a timeline for the closing of two fruit spreads plants, in Memphis, Tenn., and Ste. Marie, Quebec, and two coffee plants, in Sherman, Texas, and Kansas City. Coffee production will be consolidated to facilities in New Orleans and Smucker will invest $70 million to accommodate the additional production. "We are confident that this strategic Continued on Page 15 Story on Page 36 Fuel, energy prices rise as economy improves KANSAS CITY - While crude oil prices have held in a fairly narrow range in the past month, diesel fuel prices have risen to 16-month highs and likely will go higher as the economic recovery strengthens. In its March Short-Term Energy Outlook, the U.S. Energy Information Administration raised its forecast for U.S. economic growth from a month earlier and forecast average diesel fuel and crude oil prices for the year well above year-ago levels and near current values. Since bottoming at $2.017 a gallon on March 16, 2009, average U.S. on-highway diesel fuel prices reported by the E.I.A. have fluctuated but have been on a Continued on Page 21 Child nutrition programs clear first hurdle The $4.5 billion Senate bill seeks to expand access, establish enhanced nutrition standards T he Senate Committee on Agriculture, Nutrition and Forestry on March 24 unanimously passed the Healthy, Hunger-Free Kids Act of 2010, a $4.5 billion, a 10-year reauthorization of the nation's child nutrition programs. The bill will be sent to the full Senate for its approval. "For far too many children, the only stable source of food they can count on is what they get at school," said Senator Blanche L. Lincoln, chairman of the agriculture committee, after the vote. "This legislation invests in new initiatives to enroll more children in the National School Lunch and National School Breakfast Programs, provides options for high-poverty schools to offer universal free meal services to children and, for the first time in nearly 40 years, increases the reimbursement rate for the National School Lunch Program." Senator Lincoln said the measure reflects three guiding principles: ensuring all children who are eligible for nutrition programs participate in them, improving the nutritional Continued on Page 22

Table of Contents for the Digital Edition of Food Business News - Mar 30, 2010


Food Business News - Mar 30, 2010