Kraft Foods Chief Executive Roger Deromedi says the company's "sustainable growth plan" is working and he's sticking with it. Speaking with analysts last month, Deromedi increased the company's earlier profit projection of $1.73 to $1.78 per share, and predicted profit margins would improve in 2006.
Dairy processors have been in the news lately for making substantial charitable contributions. Turner Dairy Farms, Pittsburgh, is celebrating its 75th anniversary and marking the occasion with a $50,000 donation pledge to Pittsburgh's Forbes Health Foundation.
If the U.S. Free Trade Agreement with Central America and Dominican Republic (CAFTA-DR) ends up road-blocked in Congress, it will likely be over the always-sensitive issue of sugar imports. At a meeting of the House Ways and Means Committee, members from sugar-growing districts expressed concerns about the sugar provisions of the treaty, echoing comments from their counterparts on the Senate Finance Committee. The treaty does in fact provide new access to U.S. markets for foreign sugar growers, but the U.S. Trade Representative's Office says those new imports would not negatively impact the current U.S. sugar program. Top White House and Agriculture Department officials have held meetings on how to counter U.S. sugar growers' objections and push the agreement through Congress.
ATLANTA-Sucralose, which is becoming ever more popular as a non-nutritive sweetener for dairy products, has come under scrutiny from some consumers and in particular from a website launched by sugar producers which questions the ingredient's health profile (truthaboutsplenda.com).
National Starch Food Innovation has received the President's Partnership Award for Ingredients Innovation from foods producer Johanna Foods, Flemington, N.J. Johanna Foods purchases from National Starch a range of specialty