Sugar prices spiked to their highest level in more than 30 years as a massive tropical cyclone slammed into the northeast coast of Australia, the world’s third-biggest exporter of the sweetener. Raw sugar futures jumped 4% to settle at 35.31 cents a pound on Wednesday after trading as high as 36.11 cents. Get the full story »
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Wal-Mart announces plan to cut salt, sugar in food
Wal-Mart on Thursday unveiled a five-year plan to sell more nutritional food at a Washington news conference that included First Lady Michelle Obama.
The plan includes reducing sodium by 25 percent in grain products, lunch meats, salad dressing and frozen food. Get the full story »
Dec. 9, 2010 at 7:58 a.m.
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Filed under: Advertising/Marketing, Consumer news, Food, Packaged foods General Mills cutting sugar in cereal again
General Mills Inc. is lowering the amount of sugar in its children’s breakfast cereals to no more than 10 grams per serving from 11 grams a year ago, the latest move from a U.S. foodmaker to address childhood obesity.
The step-down in sugar by General Mills, the maker of Lucky Charms, Cocoa Puffs and Trix cereals, is a move closer to its year-old goal to reduce to single-digit levels the number of grams of sugar per serving in all of its cereals advertised to children under 12. Get the full story »
Tate & Lyle plans Hoffman Estates research center
Tate & Lyle PLC, the maker of Splenda, announced Tuesday that it will open a $26 million innovation center in Hoffman Estates. The company plans to relocate about 80 employees from Decatur to Hoffman Estates, where an additional 80 jobs will be created. Get the full story »
Corn syrup makers want sweeter name: Corn sugar
The makers of high fructose corn syrup want to sweeten up its image with a new name: corn sugar. The bid to rename the sweetener by the Corn Refiners Association comes as Americans’ concerns about health and obesity have sent consumption of high fructose corn syrup to a 20-year low.
The group plans to apply Tuesday to the Food and Drug Administration to get “corn sugar” approved as an alternative name for food labels. Get the full story »
Tate & Lyle sells EU sugar operations
Britain’s Tate & Lyle, which has several facilities in Illinois, is selling its European sugar operations to American Sugar Refining for 211 million pounds, breaking a 150-year link to sugar in favour of low-calorie sweeteners offering faster growth. The privately-owned U.S. group is buying Tate’s sugar and Golden Syrup business with a perpetual licence to use the Tate & Lyle name, while Tate said on Thursday it will focus on its sweeteners such as Splenda and its industrial starches. Get the full story »
Bunge Ltd. rethinks bid for Corn Products Intl.
From the San Francisco Chronicle | BMO Capital Markets said that Bunge Ltd., the world’s second-largest sugar trader, is less likely to revive a bid for Corn Products International Inc. after announcing a plan to buy back as much as $700 million of stock.
Get the full story: sfgate.com.
