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June 4, 2020
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Jalapeños are hot (again!)

FoodBusinessNews
KANSAS CITY — A funny thing happened as product developers went in search of the next trendy, spicy pepper. Many rediscovered the positive attributes that propelled jalapeños forward years ago and have been adding the peppers to a spate of new products and menu items. A cheddar jalapeño variety of......
Food Business News

A snack cluster with no added sugars? Achieve it, with Fibersol®

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Sure, consumers want nutritious calories—and no unnecessary ones—but they also love exciting new snacks with a lot of crunch. See how Fibersol® delivers a crunchy cluster with a bold hatch green chile profile—and ups the ante with on-trend, wholesome ingredients like pumpkin seeds, sorghum flakes, quinoa and almonds. Our savory......
Food Business News

Cargill ahead on sustainability initiatives

FoodBusinessNews
MINNEAPOLIS — Over the past year, Cargill adopted global sustainability efforts to more quickly advance progress. The company established a science-based commitment to reduce supply chain emissions by 30% by 2030, a climate commitment to reinforce support of the Paris Climate Commitment. The company recently outlined progress against sustainability goals......
Food Business News

Data sharing key to retailer-supplier collaboration

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NEW YORK — Collaboration between grocery retailers and suppliers has improved in recent years, but the benefits of improving data transparency tend to favor retailers, a study from Coresight Research and Precima, a Nielsen Co., found. More than 90% of suppliers and 85% of retailers said collaboration has improved since......
Food Business News

Sugar group petitions FDA on sweetener labeling

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WASHINGTON — The Sugar Association on June 3 filed a US Food and Drug Administration Citizen Petition asking the FDA to require complete and accurate labeling of low- and no-calorie sweeteners on food packages, which it said will “extend labeling transparency, end misleading practices and help consumers make more informed......
Food Business News

Pilgrim’s Pride, Claxton Poultry executives indicted

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DENVER – A federal grand jury in the US District Court in Denver indicted four executives at leading poultry companies for their alleged role in a conspiracy to fix prices for broiler chickens, the US Department of Justice (DOJ) said. Named in the indictment were Jayson Penn, chief executive officer of......
Food Business News

Mondelez to use recycled plastic in Philadelphia packaging

FoodBusinessNews
CHICAGO — Mondelez International, Inc. announced its Philadelphia cream cheese packaging will be made with recycled materials starting from 2022. The new initiative is part of the company’s larger sustainability push, which includes using 5% recycled content across all plastic packaging and using 100% recyclable packaging by 2025. Around 94%......
Food Business News

Panera brings former Kraft exec on board as chief brand officer

FoodBusinessNews
ST. LOUIS — Eduardo Luz has joined Panera Bread Co. as chief brand and concept officer. Prior to joining Panera, Mr. Luz was chief executive officer of 8Greens, a nutritional supplement company, for the past year. Earlier, he spent six years at Kraft Heinz Co. in a variety of executive......
Food Business News

Organic beverage formulation in the age of COVID-19

FoodBusinessNews
CHICAGO — The organic beverage category continues to diversify and shows few signs of decelerating even as the marketplace changes as a result of the coronavirus (COVID-19) pandemic. Nutrition Business Journal reported that 12% of organic food sales in 2019 came from beverages. Past growth projections may be less likely......
Food Business News

Skippy adds three new peanut butter product lines

FoodBusinessNews
AUSTIN, MINN. — Hormel Foods Corp. has unveiled three new product lines under its Skippy peanut butter brand: Skippy squeeze peanut butter and peanut butter spreads, Skippy no sugar added peanut butter spreads, and Skippy added protein peanut butter. The innovations were designed to provide consumers “even more ways to......
Food Business News

PepsiCo hires new CEO for APAC region

FoodBusinessNews
PURCHASE, NY. — Wern-Yuen Tan has been named chief executive officer of PepsiCo, Inc.’s Asia Pacific, Australia, New Zealand and China (APAC) region. Mr. Tan, who will begin his new role on June 15, will be based in Singapore and will report to Ramon Laguarta, CEO of PepsiCo, Inc. Prior......
Food Business News

Turkey Hill acquires Arkansas manufacturing plant

FoodBusinessNews
LANCASTER, PA. – Turkey Hill LLC has acquired an ice cream manufacturing plant in Searcy, Ark., from Yarnell Ice Cream LLC, a business unit of Schulze & Burch Biscuit Co. Terms of the acquisition were not disclosed. As part of the agreement, Turkey Hill will co-manufacture ice cream for Yarnell......
Food Business News

Hostess shares a strong play as summer hits, analyst says

FoodBusinessNews
ATLANTA — SunTrust Robinson Humphrey has raised its rating on Hostess Brands, Inc. to “buy” from “hold,” reflecting the research firm’s belief that the Kansas City-based company’s shares are a strong fit as consumers begin to travel and potentially snack more. Meanwhile, SunTrust raised its price target for Hostess to......
Food Business News

Slideshow: Bite-size is big in food innovation

FoodBusinessNews
KANSAS CITY — Bites are big and minis are making waves in new food launches. Bolstered by consumers seeking smaller portions and more portable, on-the-go options, the trend toward tiny has affected both retail and foodservice innovation this year. Krispy Kreme Doughnut Corp. began 2020 with downsizing of its donuts.......
Food Business News

Outlook promising for soybean oil buyers

FoodBusinessNews
KANSAS CITY — Barring unexpectedly heavy Chinese purchases of US soybeans or a weather threat to the 2020 soybean crop, food industry ingredient buyers may expect to see relatively low, which is to say favorable, soybean oil prices continuing into the fall, Paul Meyers, vice president, commodity analysis, Foresight Commodity......
Food Business News

Slide in wheat futures may be coming

FoodBusinessNews
KANSAS CITY — Myriad factors, some linked to the global coronavirus (COVID-19) pandemic, have increased market volatility, which may continue to affect wheat prices in the coming months, a veteran analyst told a virtual audience June 1. Steve Freed, vice president, ADM Investor Services, kicked off the Sosland Purchasing Seminar......
Food Business News

Strong sugar prices expected in 2020-21

FoodBusinessNews
KANSAS CITY — In a June 1 Sosland Publishing Company Purchasing Seminar webcast, Craig Ruffolo, vice president and partner of McKeany-Flavell, forecast bulk refined beet sugar prices at 36¢ to 37.5¢ a lb f.o.b. mill and refined cane prices at 38.5¢ to 41¢ f.o.b. in the 2020-21 marketing year, which......
Food Business News

On the verge of a plant-based boom

FoodBusinessNews
SAN FRANCISCO — Recent data show more shoppers are opting for plant-based foods during the pandemic, and sales of meat alternatives are expected to accelerate as the nation faces temporarily tighter supplies of beef, pork and poultry. No Evil Foods, an Asheville, NC, producer of plant protein products, is bracing......

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