Food Business News - January 1, 2013 - 1

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

January 1, 2013

www.foodbusinessnews.net

Sunland receives go-ahead to reopen peanut plant
WASHINGTON — U.S. District Judge William P. Johnson of the District of New Mexico has signed a consent decree imposing requirements on Sunland Inc., a manufacturer and distributor of peanut products linked to an outbreak of Salmonella Bredeney. Sunland’s operations were suspended on Nov. 26 after the Food and Drug Administration determined that the company did not provide enough assurance that existing problems were corrected. The consent decree, which was signed on Dec. 21, acknowledges that adequate grounds no longer exist to continue the suspension actions and will vacate the suspension order and reinstate Sunland’s Continued on Page 11

Dairy-derived ﬂavors:
A little goes a long way
Story on Page 26

Monster Beverage c.e.o. defends safety of energy drinks
CORONA, CALIF. — Recent comments questioning the safety and caffeine content of energy drinks compare to how a U.S. Department of Agriculture chemist criticized Coca-Cola 100 years ago, said Rodney Sacks, chairman and chief executive officer of Corona-based Monster Beverage Corp., in a Dec. 11 investors’ meeting. Mr. Sacks showed a Good Housekeeping cartoon from 1912 in which Harvey Wiley warned the public of possible indigestion, nervousness and addiction from drinking Coca-Cola. “What is happening now is neither new nor unique,” Mr. Sacks said. Generations ago advertisements for Continued on Page 14

2013 commodity outlook
Grains forecast higher, eggs and dairy mixed while sugar and cocoa may trend lower

s a new year begins, the price and supply pictures for many ingredients are far different from a year earlier. For some, such as sugar and cocoa powder, much lower prices are at hand, while others such as egg and dairy products are mixed and a few, including most grains, are starting 2013 at higher price levels. Looking back, 2012 turned out to

be a monumental year for the markets — from the worst Midwest drought in more than 50 years that led to record high corn and soybean prices to disruptions caused by Hurricane Sandy and a late-December blizzard. The year was wrought with tight supplies of corn and soybeans, shrinking supplies of milk, excess supplies of sugar and huge volatility in egg supplies and prices. Meanwhile, Washington struggled as political standoffs allowed the looming fiscal cliff to weigh on markets broadly in December. Here’s what happened with some key ingredient prices in 2012 (publication dates prohibit an actual Dec. 31, 2011-Dec. 31, 2012, comparison) and what may lie ahead for 2013. Old crop corn futures ended 2011 near $6.50 a bu compared with March through July 2013 futures around $6.90 a bu last Continued on Page 20

http://www.foodbusinessnews.net

Food Business News - January 1, 2013

Table of Contents for the Digital Edition of Food Business News - January 1, 2013