MAY 2016
GroceryGlobe
 
 
 
 
Atalanta Heads to the NRA Expo 
 
 
Visit us @ NRA Expo Booth 2409
This weekend Atalanta will be exhibiting at the NRA show in Chicago. Get ready to meet our team, check out Del Destino’s new packaging, and taste our FABI winners along with other featured products.  The National Restaurant Association hosts this annual show to focus on new facets of food service, hot trends and current topics.  A few of our featured items: MENU’s Dorati--semi-dried, beautiful ripe cherry tomatoes, hand picked in Italy; Frutto D’ Italia’s Mediterranean Mix olives in herb-infused oil; and our FABI award winning Del Destino South American Sauces. Specialty cheeses and unique accompaniments will round out the products at our booth. 
 
 
 
 
 
 
Sparkling Water Sales Have Largest Growth 
 
Over the last four years, total U.S. dollars spent  on soft drinks declined by 1%, costing the industry over $1 billion in sales. Much of this appears to be driven by a steep decline in diet soda sales, which dropped nearly 5% in the same period. On the other side, regular soda sales initially declined but have grown in the past two years. 

This switch may be tied to recent trends toward all-natural ingredients. Consumers are going back to basics, and looking for foods that are fresh, natural and minimally processed. In Nielsen’s Global Health and Wellness Survey last year, 29% of U.S. respondents rated “all natural” as very important, and about 40% said that the absence of artificial colors and flavors is very important.

But just because we’re not reaching for soda as often does n’t mean we’re off the fizzy stuff all together. Sparkling water sales have skyrocketed in the U.S., growing more than 15% in four years. Current health and wellness trends might be to blame for bursting soda’s bubble. In North America, sales of healthy categories like water, fruit and yogurt grew 7% over the past two years, while sales of indulgent categories like carbonated soft drinks, chips and chocolate fell 8%.
Source: Nelson Insights. Click here to read more

Our own brand Ferrarelle, is naturally effervescent water which is bottled directly at a spring located in the protected Sorgeto di Riardo Park near the extinct Roccamonfina volcano in Italy's Campania region. Ferrarelle water, both sparkling and still, is an excellent source of minerals. Prior to bottling, Ferrarelle water is inspected for quality and safety more than 600 times every day and is NSF, BRC and ISO certified. Italy's #1 selling brand of sparkling mineral water, it has a rich, fine creamy perlage with a full soft, savory flavor that features a distinct roundness.  
 
 
 
 
 
HARVEST REPORT : NOVEMBER 2015
 
  Market Report    
 
 
ANCHOVIES
The catch of fish is plentiful and fore casted to continue thru the end of the season. Cooler ocean temperatures are benefiting the catch of anchovies.

ARTICHOKES 
The artichoke market is moving up in price rapidly. Spain, Chile, and Peru suffered severe shortages due to unfavorable weather. The market price is trending at about 10% higher than it did last year at this time. Without a doubt, all artichoke prices will be going up starting in the next 30-45 days.

Atalanta has an excellent position on artichoke quarters 12/28 oz and pricing is very competitive. This product can be used with food service and retail customers. Some advantages of this pack size are:
 
-  Reduced waste for unused product
-  Affordable price-point per case
-  Quicker inventory rotations
-  Easy open cans (pull top) – No can opener needed
-  Product available in NJ, TX and CA 
 
JALAPEÑOS
Peru is forecasting an increase in their total output this year due to recent news that India has been affected with floods. Prices are estimated to remain firm.

PINEAPPLE 
Thailand had some relief in April with raw material prices going down from a high of Thai Baht 12.50-13.50 to TBT 9.5/kg (still high compared to a normal of TBT 5.0-5.50/kg). Recently,the situation has changed with a sudden drop in incoming raw material causing factories to delay their shipments and raise prices.  A note: Thailand cans 90% of their harvest, therefore they are the main player in the canned pineapple market. Their production in 2015 dropped from an average of 2 mil MT to 1.5 mil MT.  2016 looks to be around 1.6 mil MT, still well below normal.

Indonesia expects a better crop for the second half of the year. Factories have a significant backlog of orders that need to be filled, resulting in limited offers for new business. Indonesia only produces about 600,000 MT pineapple per year.

China’s situation is completely different. Their harvest is significant at about 1.4-1.5 mil MT. 90% of their pineapple is sold to the fresh market at higher prices leaving only 10% for the canneries. The China canneries do not have the same bargaining power as the Thai canneries.  This particular season the quality of the Chinese pineapple has been very poor (lack of taste, dark core, etc.) and due to the weather conditions in the country, farmers could not sell their harvest.  Under these conditions the pineapple was left on the field started rotting and prices went down.  Only canneries were able to buy the raw material, but they had to be careful and avoid the bad pineapple.
 
To sum up the situation market is expected to remain at the current levels through the end of 2016.
 
atlanta Tastes
 
 
   
 
 
Coconut Alfajores with San Ignacio® Dulce de Leche
 
 
 
Who needs S'mores, when this luscious cookie can be made.  No campfire needed! 
 

San Ignacio® Dulce de Leche holds a smooth as silk feel and rich texture. With origins traced back to 1829 it’s no wonder that today it can be found in almost every pantry in

Argentina. Perfect for desserts, pastries, ice cream and any unique creation.

 
 
 
Red Pepper & Artichoke with Allioli Hamburger
 
 
Ingredients:
100 gr. butter 
1/2 cups of sugar
1 egg yolk
1 egg 
1/2 lemon peel grated 
1/1/2 cups of cornstarch 
1 1/2 cups of flour 
1 teaspoon of baking powder
3 tablespoons of grated coconut 
1 1/2 cups of San Ignacio Dulce de Leche
 
Directions:
  1. Beat butter and sugar until creamy.
  2. Add the egg yolk and the egg, and beat well.
  3. Then add the lemon peel.
  4. Sift the cornstarch, flour and baking powder and add them to the previous mixture.
  5. Delicately knead until the dough is smooth on a surface covered with flour and let it rest for 15 minutes.
  6. Stretch until the dough is 1/2 cm thick and cut with a round cookie cutter.
  7. Put the circles on a greased baking sheet and bake in a moderate oven for 15 minutes, not allowing them to get color.
  8. Once cool, spread San Ignacio dulce de leche on one cookie and sandwich with another cookie. Pass the sides through grated coconut.
 
 
 
 
 
 
 
 
Understanding the Market: Tuna
 
SKIPJACK TUNA 
Prices continue to range between $1600- $1650 per metric ton CFR Bangkok for 1.8 kg size fish. Fish traders continue talking higher levels with reports of it hitting $1800 MT in the coming months however, it has yet to show any true strength in reaching these levels. The catch in the Western and Central Pacific has shown some spark of life with daily catch tonnages improving slightly in the region to levels closer to 18-20 MT per vessel per day, which is up from previous levels of 12-15 MT per vessel per day.
 
Slow delivery of raw material to the canners remains a concern as reports of delays of lower cost raw material contracts to the canning/processing community persists due to current tight material supply. This lack of incoming fish is impacting production schedules and will result in varied levels of delays in shipments out of Bangkok.
 
Demand for new raw material contracts from the canners has been slow due to lack of demand coming from major consuming markets. Buyers have covered their demands well into the 4th quarter of 2016 and in some cases beyond.
 
So far fishing companies and traders are holding firm on their offering levels. They expect producers to need additional raw material by end May/early June as their inventory levels in cold storage are becoming increasingly lower each day. 

ALBACORE TUNA
Albacore raw material prices remained steady at levels ranging between $3,000 and $3050 per metric ton for good quality long line. Fish supply is getting considerably tighter especially for good quality long line raw material.
 
Supply out of Indonesia remains very limited with the Indonesian Fisheries department continuing to halt foreign flagged vessels from fishing in their waters as well as prohibiting the importation of fish into Indonesia for processing finished goods.  The supply out of this important source country is becoming much tighter. It has also greatly impacted supply to Thailand and China, which rely to a great degree on fish out of Indonesian waters. 
 
Good quality albacore supply is becoming tight in Thailand; we should expect to see some slight firming in the coming weeks until the start of the Japanese Summer Albacore season which is expected to begin later this year around July/August.

YELLOWFIN TUNA
No change to report on yellowfin raw material. It continues to range between $2,100- $2150 per metric ton and signs  for even tighter supplies are on the horizon. 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 increased sharply over the past several weeks with limited raw material supply.  Overall the availability of yellowfin is becoming considerably tighter.
 
Outlook  for both raw material prices and finished goods pricing is to remain firm throughout the 3rd quarter.

TONGOL TUNA
The supply from 2 major source areas (Thailand, Vietnam) continues to be extremely limited with no sign of improvement. Indonesia is only slightly better but still not showing any sign of a strong catch.

Tongol supply is expected to continue being extremely short/difficult throughout much of the 2nd quarter of 2016. Spot shortages could be possible into the second quarter unless there is a dramatic change in the catch, which does not seem likely.
 
Outlook is for very firm market conditions.
 
 
 
   
 
 
 
 
Around the Industry: Trends & Forecasts
 
Top 10 functional food and drink trends from the US 
By Mike Stones, 04-May-2016
 

Here is a interesting link from Food Manufacture.co. UK Newsletter on what is trending in the US Market.

The rise of single male households and an aging population were the top two of 10 key food and drink trends that will dominate the food industry this year offering opportunities for manufacturers, according to the influential Chicago-based Institute of Food Technologists (IFT).

1. Men in the aisles: the rise of single male households

2. Grey matters: By 2019, half the US population will be over 50 years old

3. Chemical consciousness: Clean claims have more appeal than general healthy descriptors

4. Personalized nutrition plans: Last year 30% of food shoppers participated in at least one specialized eating plan

5. New natural hierarchy: Minimally processed foods/natural ingredients were cited for the first time among the "hot" culinary trends for 2016 by the American Culinary Federation
 
To read the entire list go to:
http://www.foodmanufacture.co.uk/NPD/Top-10-functional-food-trends

 
 
PIZZA | EXPO
 
 
 
 
 
Contact Us: 908-351-8000   www.atalantacorp.com
 
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