U.S. study finds healthier, low-calorie foods more expensive
SEATTLE A recently released study from the University of Washington reports that the prices of high-calorie foods are less likely to be impacted by inflation. As a result, the cost of low-calorie foods can rise more readily with inflation and that could mean less access to healthy food options for lower income Americans.
Researchers at the University of Washington used funding from the USDA’s Cooperative State Research, Education, and Extension Service to study price trends at Seattle-area supermarkets. They compared the costs of around 370 foods by calorie density and price. They concluded that on average high-calorie foods cost less per calorie while low-calorie foods were more expensive. They also found trends that indicate that the price of high-calorie food is less likely to rise as a result of inflation, keeping high-calorie foods cheaper.
The researchers say that these findings may explain why calorie-dense foods are chosen more frequently by lower-income individuals.
“If you have $3 to feed yourself, your choices gravitate toward foods which give you the most calories per dollar. Not only are the empty calories cheaper, but the healthy foods are becoming more and more expensive. Fresh vegetables and fruits are rapidly becoming luxury goods,” said Adam Drewnowski, director of the Center for Public Health and Nutrition at the University of Washington.
Campbell sells Godiva Chocolatier for $850 Million
CAMDEN, N.J. Campbell Soup Co. announced the completion of the sale of Godiva Chocolatier to Yildiz Holding for $850 million. The sale began Dec. 20, 2007, Campbell says.
Campbell says its Board of Directors approved $600 million of the proceeds of the sale of Godiva to buy company stock in the open market.
It is reported that Godiva’s annual sales total about $500 million.
Campbell expects the sale to help earnings per share in fiscal 2008. Campbell Soup Co. currently owns the brands Arnott’s, Campbell’s, Pepperidge Farm and V8 brands.
Wish-Bone creates innovative salad dressing line, expands line of spritzers
ENGLEWOOD CLIFFS, N.J. Wish-Bone has introduced Bountifuls, a variety of different blends based on traditional vinaigrette salad dressing.
Each Bountifuls dressing variety—Berry Delight, Hearty Italian, Simply Santa Fe and Tuscan Romano Basil—is touted to be flavored with tangy and spicy flavors and blended with bits of real fruits and vegetables from different regions of the world.
Wish-Bone will also be launching two new flavors from its Salad Spritzers portfolio—Ranch and Honey Mustard Buzz—this spring. Each flavor of the Salad Spritzers dressing line contains two calories per spray.
Bountifuls dressings contain less than one gram of fat and less than 35 calories per serving. The suggested retail price is $2.79 for each 9.5-ounce bottle.