Food Business News - August 27, 2013 - 1

August 27, 2013

FOODBUSINESS NEWS
NEWS, MARKETS AND ANALYSIS FOR THE FOOD PROCESSING INDUSTRY

Smucker upbeat after
strong first quarter
ORRVILLE, OHIO — Net income of The
J.M. Smucker Co. in the first quarter ended July 31 was $126.6 million, equal to
$1.19 per share on the common stock, up
14% from $110.9 million, or $1 per share,
in the same quarter in 2012. Net sales
were $1,350.9 million, down 1%.
Excluding special items, such as restructuring, merger and integration
costs, and other special project costs,
income was up 2%.
Richard K. Smucker, chief executive
officer, cast the results in a positive light.
“There is clearly momentum across
our business as we experienced our
strongest first-quarter earnings ever,” he
Continued on Page 28

www.foodbusinessnews.net

Campbell
seeks boost
for beverage business
Story on Page 41

Sports drink evolution
one are the days that “sports
drink” was synonymous with
isotonic or when a post-workout
refreshment was a cold brew. For some,
these definitions remain, but for a growing number of consumers, sports drinks
are all about providing energy, improving
performance and building lean muscle.
“As a result of the rapid evolution —
if not revolution — of the sports drink
market, both consumers and perhaps
even marketers may appropriately wonder ‘what makes a sports drink a sports
drink,’” said David Sprinkle, research
director at market research firm Packaged Facts, Rockville, Md., which recently published the comprehensive
Continued on Page 45

G

Weather challenges pose
late threat to fall crops
he U.S. Department of Agriculture
on Aug. 12 forecast the largest corn
crop ever for the United States as
well as the third largest soybean crop
ever. Those forecasts seem likely to be
fulfilled with only a few weeks left in the
growing season, and the corn harvest

T

well under way in southern states. But
weather challenges have sent corn and
soybean futures prices higher the past
two weeks on ideas the return of hot, dry
weather may trim final yields.
Most expected a strong rebound from
last year’s drought-reduced fall crops, especially corn, but the season began with and
appears to be ending with some weather
challenges. At the start of the season, cool,
wet weather delayed planting, and crops
have progressed at a slower-than-average
pace all summer. Since 43% of the corn crop
was planted in a single week during May,
which tied a record for planting progress
in a week, observers worried that the bulk
of the crop would be pollinating during the
hottest time of the summer. But that “bullet”
was dodged when unseasonably cool, wet
Continued on Page 32

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Food Business News - August 27, 2013

Table of Contents for the Digital Edition of Food Business News - August 27, 2013

Food Business News - August 27, 2013
Smucker upbeat after strong first quarter
Sports drink evolution
Weather challenges pose late threat to fall crops
Table of Contents
Web Contents
Editorial - F.D.A. clearing the way for medical food advances
Heinz cutting 600 office jobs in United States, Canada
Gallup: Who reads nutrition labels?
Dole c.e.o. to take company private
Taylor Farms suspends Mexican operations in wake of Cyclospora outbreak
Adult obesity rates leveling, but still high
Smucker acquires ancient grain supplier
Diamond Foods details proposed settlement in class action lawsuit
PepsiCo c.e.o. for Asia, Middle East and Africa dies
Hillshire learns red means go
McCain expanding Idaho potato processing plant
Sargento approves c.e.o. succession
Nestle seeks to fatten Jenny Craig, Lean Cuisine profits
Mondelez chews on challenges in ailing gum business
Pinnacle sees salad days ahead with Wish-Bone
Allergens remain leading food recall trigger
Wal-Mart’s fresh produce plan paying off
Analysis cites conflict of interest in GRAS panels
Bob Evans to ‘Express’ itself with new product offerings
F.D.A. approves natural source as blue color in candy, gum
Washington - Congress will have to pass a farm bill
Clean Label - Clean label concerns
Clean label conference slated for October
Ingredient Innovations - Gut feelings
Company profile - Campbell seeks boost for beverage business
Bolthouse provides ‘healthy’ spark
New Food Products
Ingredient Market Trends - Canada expects record canola crop and larger wheat and oat crops
Ingredient Markets
Supplier Innovations and News
Classifieds
Marketplace
Ad Index
Food Business in the News
Food Business News - August 27, 2013 - Weather challenges pose late threat to fall crops
Food Business News - August 27, 2013 - 2
Food Business News - August 27, 2013 - 3
Food Business News - August 27, 2013 - Table of Contents
Food Business News - August 27, 2013 - 5
Food Business News - August 27, 2013 - Web Contents
Food Business News - August 27, 2013 - 7
Food Business News - August 27, 2013 - 8
Food Business News - August 27, 2013 - Editorial - F.D.A. clearing the way for medical food advances
Food Business News - August 27, 2013 - Dole c.e.o. to take company private
Food Business News - August 27, 2013 - Taylor Farms suspends Mexican operations in wake of Cyclospora outbreak
Food Business News - August 27, 2013 - 12
Food Business News - August 27, 2013 - Adult obesity rates leveling, but still high
Food Business News - August 27, 2013 - PepsiCo c.e.o. for Asia, Middle East and Africa dies
Food Business News - August 27, 2013 - 15
Food Business News - August 27, 2013 - McCain expanding Idaho potato processing plant
Food Business News - August 27, 2013 - 17
Food Business News - August 27, 2013 - Sargento approves c.e.o. succession
Food Business News - August 27, 2013 - 19
Food Business News - August 27, 2013 - Nestle seeks to fatten Jenny Craig, Lean Cuisine profits
Food Business News - August 27, 2013 - Mondelez chews on challenges in ailing gum business
Food Business News - August 27, 2013 - Pinnacle sees salad days ahead with Wish-Bone
Food Business News - August 27, 2013 - Allergens remain leading food recall trigger
Food Business News - August 27, 2013 - Wal-Mart’s fresh produce plan paying off
Food Business News - August 27, 2013 - Analysis cites conflict of interest in GRAS panels
Food Business News - August 27, 2013 - Bob Evans to ‘Express’ itself with new product offerings
Food Business News - August 27, 2013 - F.D.A. approves natural source as blue color in candy, gum
Food Business News - August 27, 2013 - 28
Food Business News - August 27, 2013 - 29
Food Business News - August 27, 2013 - Washington - Congress will have to pass a farm bill
Food Business News - August 27, 2013 - 31
Food Business News - August 27, 2013 - 32
Food Business News - August 27, 2013 - 33
Food Business News - August 27, 2013 - 34
Food Business News - August 27, 2013 - Clean Label - Clean label concerns
Food Business News - August 27, 2013 - Clean label conference slated for October
Food Business News - August 27, 2013 - 37
Food Business News - August 27, 2013 - 38
Food Business News - August 27, 2013 - Ingredient Innovations - Gut feelings
Food Business News - August 27, 2013 - 40
Food Business News - August 27, 2013 - Company profile - Campbell seeks boost for beverage business
Food Business News - August 27, 2013 - Bolthouse provides ‘healthy’ spark
Food Business News - August 27, 2013 - 43
Food Business News - August 27, 2013 - 44
Food Business News - August 27, 2013 - 45
Food Business News - August 27, 2013 - 46
Food Business News - August 27, 2013 - 47
Food Business News - August 27, 2013 - 48
Food Business News - August 27, 2013 - 49
Food Business News - August 27, 2013 - New Food Products
Food Business News - August 27, 2013 - 51
Food Business News - August 27, 2013 - 52
Food Business News - August 27, 2013 - Ingredient Market Trends - Canada expects record canola crop and larger wheat and oat crops
Food Business News - August 27, 2013 - Ingredient Markets
Food Business News - August 27, 2013 - 55
Food Business News - August 27, 2013 - 56
Food Business News - August 27, 2013 - 57
Food Business News - August 27, 2013 - 58
Food Business News - August 27, 2013 - 59
Food Business News - August 27, 2013 - 60
Food Business News - August 27, 2013 - 61
Food Business News - August 27, 2013 - 62
Food Business News - August 27, 2013 - Supplier Innovations and News
Food Business News - August 27, 2013 - 64
Food Business News - August 27, 2013 - Classifieds
Food Business News - August 27, 2013 - 66
Food Business News - August 27, 2013 - Marketplace
Food Business News - August 27, 2013 - 68
Food Business News - August 27, 2013 - Ad Index
Food Business News - August 27, 2013 - Food Business in the News
Food Business News - August 27, 2013 - 71
Food Business News - August 27, 2013 - 72
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