| July 29, 2011 | News for the food, beverage and consumer packaged goods industry |  |  |
- Heinz eyes emerging markets to continue growth
H.J. Heinz's earnings increased 7%, to $3.06 a share, in fiscal 2011, which ended April 27. Profit fell 1% in fiscal 2010, but revenue gained 2%, to $10.7 billion, in fisca1 2011. The company targets major emerging markets and reported that China, India, Indonesia and Russia accounted for 16% of revenue in fiscal 2011. Investor's Business Daily (7/28)        | Trends |  |  | | - Food costs are expected to surge next year
The USDA said food costs will increase from 2.5% to 3.5% in 2012, and they are set to exceed predictions this year. Companies including Coca-Cola and Chipotle Mexican Grill are raising prices, putting higher commodity costs on consumers. Bloomberg (7/25)  | The Business Platinum Card® from American Express OPEN
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 - Nutrition iQ comes to Shaw's shelves
Shaw's, a SUPERVALU banner, added the nutrition iQ program, which provides shelf tags with easy-to-decode nutrition information. The program uses color-coded icons to guide shoppers in healthful-food choices. Retailing Today (free registration) (7/27) 
| Health & Wellness | | | | - Pureeing may be key to make children eat veggies, data suggest
Children ages 3 to 5 almost doubled their intake of vegetables on days when they were given meals that included regular vegetable servings and dishes with pureed veggies versus days without the pureed veggies, a study in the American Journal of Clinical Nutrition found. Children appeared to like the doctored recipes as much as they liked the standard meals, but researchers noted that this is not the only strategy parents can use to make children eat vegetables. Reuters (7/26), The Independent (London)/Relaxnews (France) (7/27) | GMA News | | | |
| Government & Food Safety | | | |
| SmartQuote | | | |  | Here is the rule to remember in the future, when anything tempts you to be bitter: not, 'This is a misfortune' but 'To bear this worthily is good fortune.' "
--Marcus Aurelius,
Roman emperor  |
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Despite the rising cost of milk, Danone remains the fastest-growing food group in Europe because of its high volumes. In its first-half sales report, Danone said it plans to grow profits through increased productivity and price increases. The company posted a 2.7% rise in first-half net profit. 
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