Genes could determine how much consumers are drawn to sweet foods and drinks. A new study linked people who regularly consume sugary products with a variation of the GLUT2 gene.
Kraft Foods will likely raise prices on a number of products to offset rising commodity costs, CEO Irene Rosenfeld told shareholders, adding that she expects the company's competitors to make similar decisions.
More consumers in the U.K. understand the concept of fair-trade goods. A fair-trade foundation found that about 32% of consumers were aware of fair-trade chocolate, up from 24% last year.
J.M. Smucker has purchased the Knott's Berry Farm food brand from ConAgra Foods. The terms of the deal were not disclosed. ConAgra says the deal will not affect 2009 profit and sales expectations.