Food Business News - Jul 06, 2010 - (Page 1)

July 6, 2010 FOODBUSINESS NEWS NEWS, MARKETS AND ANALYSIS FOR THE FOOD PROCESSING INDUSTRY Packaging material at center of Kellogg recall BATTLE CREEK, MICH. - The Kellogg Co. said it has identified a substance in the packaging liners of several cereals that may produce a "waxy-like off taste and smell." The company did not identify what the substance is, but said a healthrisk assessment conducted in conjunction with third parties outside the company show the reaction has to do with the packaging and is not caused by any harmful material in the food. "The external experts agree that some consumers are particularly sensitive to these uncharacteristic off-tastes and smells, which can have temporary effects, including nausea and diarrhea," the company com said. "People who are Continued on Page 12 Story on Page 44 INSIDE Asian dairy processors the rise on th UTRECH UTRECHT, THE NETHERLANDS - Familiar names - Nestle S.A., Vevey, Switzerland, and Groupe Danone, Paris - are at the top of Rabobank's ranking of the 20 largest processors of dairy products in the world. But also notable is the emergence of Asian companies such as Japan's Meiji Dairies, Tokyo, which is ranked No. 11 and China's Yili Group, Hohhot City, Jinchuan, which appears in the ranking for the first time at No. 17. Changing diets and large populations Continued on Page 81 'Soft' commodity prices anything but soft Supply issues persist for sugar, cocoa, coffee and orange juice A s 2010 progresses into its latter half, little has improved in the domestic supply and pricing situations for the traditional "soft" commodities of sugar, cocoa, coffee and frozen concentrated orange juice. Notwithstanding a general sell-off in futures markets early last week when equity values plunged on fresh global economic worries, prices on the Intercontinental Commodity Exchange (ICE) in New York for all four soft commodities ended June in strong positions. Prices in the most active nearby contracts were little changed from the first of the year for domestic raw sugar (No. 16), cocoa beans and frozen concentrated orange juice, while world sugar futures (No. 11) were down about 30% and coffee prices were up about 15%. Compared with prices on June 30, 2009, late June 2010 values were up for domestic sugar (over 45%), cocoa (about 20%), coffee (more than 25%) and F.C.O.J. (about 50%). Values for world sugar were down about 15%. Cash prices for the two related commodities tracked by Food Business News were up significantly from the first of the year and from a year ago. Midwest beet sugar Continued on Page 38

Table of Contents for the Digital Edition of Food Business News - Jul 06, 2010


Food Business News - Jul 06, 2010