Food Business News - Aug 03, 2010 - (Page 1)

August 3, 2010 FOODBUSINESS NEWS NEWS, MARKETS AND ANALYSIS FOR THE FOOD PROCESSING INDUSTRY Extraordinary developments wreak havoc in cocoa KANSAS CITY - If 33-year highs in London cocoa bean futures prices and historically high U.S. cocoa powder prices weren't enough to attract attention in recent months, huge deliveries in the London market in July and second-quarter cocoa bean grind well above expectations certainly should have made traders and cocoa users sit up and take note. Of all the agricultural, or at least food commodities, cocoa appears to be the most tenuous and unpredictable at present. What is known is global cocoa bean supplies are tight, speculative trading has been a key feature in London and New York cocoa bean futures markets, cocoa butter supplies are heavy, cocoa Continued on Page 23 Story on Page 26 INSIDE Snack segment seen area of opportunity as are ROSEMONT, ILL. - Dairy-based food and beverage products account for 13% of all between-meal snack choices for people 2 years and older, presenting an opportunity for the industry to grow its share of the snacking occasion, according to a white paper published by the Innovation Center for U.S. Dairy. "By re-imagining dairy products and ingredients in snacks, food manufacturers can take advantage of a significant business opportunity," said Lynn Continued on Page 45 Leveling criticism Groups voice dissatisfaction over the dietary guidelines report I n comments submitted in response to the Dietary Guidelines Advisory Committee report, several leading food industry groups expressed strong concerns about various recommendations made in the report. A diverse collection of groups ranging from the Salt Institute and The Sugar Association to the Organic Trade Association delivered stinging criticisms of the D.G.A.C. report. Groups representing the meat and grain-based foods industries expressed serious concerns about aspects of the report but also found large parts of the report to support. The comments were submitted in response to a June 15 Federal Register notice soliciting feedback about the report. The U.S. Department of Agriculture and the Department of Health and Human Services will use the report and the comments to finalize the Dietary Guidelines for Americans 2010, set to be published toward the end of the year. In addition to written comments, oral comments were presented in Washington July 8 by several groups. Not surprisingly, criticisms tended to be most strident from groups representing foods the report suggested are over-consumed by the public. Still, the comments and the criticisms were varied, and suggestions tended to be considerably more nuanced than each group simply arguing for sustained or increased intake. Certain groups suggested that the Continued on Page 24

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Food Business News - Aug 03, 2010