JULY 2016
Inside Summer Fancy Food Show 2016
Atalanta was "on top of the world" at the Summer Fancy Food Show. Award-winning products, exclusive partnerships, and industry recognition were a few of the highlights at this year’s event.

The Atalanta booth focused on clearly defined, eye-catching displays of featured products designed to engage the record-breaking number of attendees at the show. Award-winning products such as Del Destino South American Sauces, sofi™ Finalists Dalmatia™ Sour Cherry Spread, and Campanini Black Venus Rice drew the attention of most visitors. Also in attendance at the show was Chef Massimo Bottura, a close friend of Atalanta and De Medici, and the producer of Villa Manodori Balsamic Vinegars. His restaurant in Modena, Italy, Osteria Francescana, garnered First Place at the World's 50 Best Restaurants Awards in New York in June. 

As part of a continuing effort to develop relationships with unique suppliers, Atalanta announced a partnership with Scottish Dairy, a provider of well-known Scottish regional artisan brands. Cheeses from Connage Highland Dairy and The Island Smokehouse were launched at the show, and more products will roll out in the coming months.

The apex of Atalanta's show was Chairman Mr. George G. Gellert being inducted into the Specialty Food Association Hall of Fame. The Hall's mission is to "honor individuals whose accomplishments, impact, contributions, innovations and success within the specialty food industry deserve praise and recognition."  The specialty food industry has become a significant part of American cuisine thanks to the tireless efforts of manufacturers, importers, retailers and culinary leaders who formed and evolved the specialty food industry in the 1950s, 60s, 70s and 80s, according to the Hall of Fame selection committee.
Source: Specialty Food Association News  To read more
Atalanta's 2016 sofi ™ Finalists 
More than 3,200 entries were judged by a national panel of culinary experts in a blind tasting. Those that reach the level of sofi™ Finalist and sofi™ Winner serve as ambassadors for the industry and represent the best of what specialty food has to offer. This year’s sofi™ Award honorees included 100 finalists and 28 winners across 28 categories. Since the awards were announced earlier rather than at the Summer Fancy Food Show, exhibitors were able to highlight their sofi™ Awards within their booths.
A finalist in the New Product category, Dalmatia™ Sour Cherry Spread, impressed the panel with its unique flavor. Perfectly ripened sour cherries from the Pannonia Valley of Eastern Croatia are cooked with great care to preserve their natural character and create a wonderfully tart, yet sweet spread that overflows with flavor. 

CAMPANINI™ Black Venus Rice, a finalist in the Pasta, Rice and Grain category, is an innovative hybrid of Asian black rice and an Italian varietal, with a medium grain and unique texture and appearance. The taste is both nutty and sweet with the aroma of freshly baked bread.   
  Market Report    
It has been reported that the anchovy canning industry has been stalled for several months due to El Niño. The long lasting effects of El Niño, nearly two years in duration, have prompted the fish to move to deep, cooler waters, out of reach of the nets of the South American fleets. The export market hasn’t been greatly affected since volumes are lower and canned goods can be kept in storage for a longer time. Another reason that drove many canners out of business is that freight costs are extremely high, which makes it difficult to handle the raw material in the port. Atalanta has finally returned to normal inventory. Please contact the grocery department for any new business.

Greece’s cling peach production is set to be slightly lower than last year’s reduced output. This is the third year out of the last eight that Greece’s cling peach output has fallen below the 400,000-ton mark. Based on this year’s harvest, the industry estimates that canned peach production could fall by one million cartons to 9.5 million. Production figures may move up or down depending on the quality and size of the fruit. We will keep you informed of any pricing or inventory changes.

Indonesia and Thailand saw the price of raw materials come down about 20% in early 2016, and factories were hoping the situation would improve for the second half of the year. Unfortunately, El Niño continued to affect the harvest and raw material supply has decreased by 50%, which created a backlog of orders. As a result, factories withdrew from the market. The situation is even worse for “choice” quality as lack of water and constant heat do not allow the pineapple to grow big enough before it ripens. Climate researchers in Asian countries predict that rainfall is likely to be limited during the next one or two months in the supplying countries of Vietnam, Thailand and the Philippines. The fruit price is likely to remain at high levels through the final quarter of the year. 


The cold snap of the past weeks may have damaged 20% of the tomato crops in Northern Italy and could cost up to EUR20 million (USD22.6 mln) in losses in Southern Italy, according to local growers’ organizations. The association of Italian cooperatives, Alleanza delle Cooperative agroalimentari, calculated that approximately 3,000 hectares of tomato plantings in Puglia have been destroyed by the heavy rain. If this figure is accurate, it would correspond to an estimated loss of 4% of the entire production of the country. In the north, the tomatoes transplanted in April are particularly at risk because of the large amount of rainfall in May, double the standard seasonal precipitation. A farmers’ organization, Confapi, related that almost 30% of the tomatoes in the area of Mantua were damaged by the cold since the beginning of the month. Some farmers were forced to start the transplanting from scratch, causing the cost per hectares to rise by EUR300, reaching EUR1,000. Atalanta will keep you updated on any change in our pricing.

atlanta Tastes
Black Rice Salad with Lemon Vinaigrette 
Featuring our sofi ™ Finalist CAMPANINI BLACK  VENUS RICE and Galateo & Friends White Balsamic Vinegar. Recipe and image from Epicurious.com
Red Pepper & Artichoke with Allioli Hamburger
  • 1 cup black rice 
  • Kosher salt
  • 1/2 cup toasted walnuts 
  • 1/4 cup Meyer lemon juice or 3 tablespoons regular lemon juice
  • 2 tablespoons white wine vinegar 
  • 1 tablespoon agave syrup (nectar) or honey
  • 1/4 cup extra-virgin olive oil
  • 4 scallions, thinly sliced
  • 1 cup frozen shelled edamame, thawed
  • 1 cup grape tomatoes, halved
  • 4 ounces green beans, thinly sliced (about 1 cup)
  • Freshly ground black pepper
  1. Preheat oven to 350°F. Cook rice in a medium saucepan of boiling salted water until tender, 35-40 minutes. Drain well, spread out on a plate or a rimmed baking sheet, and let cool.
  2. Meanwhile, spread out walnuts on another rimmed baking sheet. Toast in oven, tossing once, until fragrant, 8-10 minutes. Let cool; chop.
  3. Whisk lemon juice, vinegar, and agave in a small bowl. Whisking constantly, gradually drizzle in oil. Season vinaigrette with salt.
  4. Toss rice, walnuts, scallions, edamame, tomatoes, green beans, and vinaigrette in a large bowl. Season with salt and pepper.
Understanding the Market: Tuna
Skipjack Tuna: 
Fishing remains fairly robust in the Western and Central Pacific, with catches ranging between 25-30 mt per vessel per day, and slightly better in the waters closer to PNG. The increased catch and delivery of raw material to Bangkok has enabled packers to start catching up on orders that had been delayed for up to 4 weeks due to insufficient raw material for production. Most packers expect to be fully caught up by the first half of July.

This year’s FAD fishing ban in the Western and Central Pacific will occur from July 1-October 31, 2016. It will take a few weeks to determine the effect of this year’s “free school” fishing. Depending on how the catch develops, raw material could stabilize around current levels, move up, or soften further.
There will also be a closure in the Eastern Tropical Pacific (ETP) at the end of July. This closing is expected to create an increased demand from the South American market. With global demand for FAD-free skipjack, fish traders are optimistic about being able to hold raw material at current levels. Canners continue to struggle selling finished product resulting in uncertainty on the direction the market. 

Albacore Tuna:
The Japanese Summer Albacore season started several weeks ago. Most of the tonnage is making its way back to Japan for fresh market demands, so there is no appreciable impact just yet for the canning industry. Additionally, the current raw material cost for Japanese Summer Albacore season is trading at levels closer to $3150+ per mt (higher than international long line caught fish at present). Japanese albacore has yet to have any positive impact on the market due to smaller fish size and therefore lower yields. 

Yellowfin Tuna:
Much of the fish being harvested is large size (20-25 kg) and not suitable for the canning industry (larger fish have darker color). Demand out of Europe has remained strong with limited raw material supply.  Overall the availability of Yellowfin has diminished considerably. Outlook is for both raw material prices and finished goods pricing to remain firm throughout the 3rd quarter.

Tongol Tuna: 
Tongol supply is expected to be limited for the next several months. Spot shortages are certainly possible as we head into the third quarter of the year unless there is a dramatic change in the catch, which does not seem likely. 
Around the Industry: Trends & Forecasts
Latin American foods and flavors are a source of snack inspiration

Snacking is a way of life for US consumers, and as restaurants and food manufacturers seek to expand their snack offerings many of them are turning to Latin American foods and flavors for inspiration. Eighty-three percent of consumers surveyed this year said they snack on a daily basis, up from 73% in 2014, according to research from Technomic.
The practice of eating several snacks or “mini-meals” throughout the day is catching on, and food companies are introducing more on-the-go options such as chips, vegetable-based snacks, beverages and handheld items that offer the nutrition and satiety of a meal in a convenient package. Latin American cuisine is full of examples of these types of foods -- from fresh fruits and vegetables, cut into bite-sized pieces for easy snacking, to popular street foods, such as empanadas and tacos. In addition to offering their take on these traditional Latin American snacks, restaurants and food brands are also using the formats and ingredients common in Latin American cuisine to create innovative new snack options. 

Atalanta's new line of South American Sauces, by Del Destino, fits right into this trend.  Five unique varieties focus on flavor with a bit of fire.  Using the most popular peppers in South America, including mochero, aji and rocoto, they offer unique and exotic ingredients to add dimension to many dishes.  Three of the sauces are FABI 2016 award winners; Aji Pepper Sauce, which combines aji pepper queso fresco and spices; Mochero Pepper Sauce includes spicy mochero pepper, cilantro and herbs; and Rocoto Pepper Sauce.      
Source: SmartBrief  Read more

Contact Us: 908-351-8000   www.atalantacorp.com
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