The reliability of the regulated commodity exchanges was tested by wildly fluctuating futures prices of recent years that saw quotations soar and drop amidst unprecedented volume. All of this occurred without a trade failure.
The grain-based foods industry, the center of this magazine’s universe, as well as the broad food industry to which this publishing company is strongly committed, have done relatively well — some might even say very well — in what is now considered one of the worst recessions of modern times.
Two undertakings will exert significant pressures on the industry during 2010 — the passage of the Food Safety Modernization Act and the introduction of the 2010 Dietary Guidelines for Americans.
A gap is emerging between what federal regulators consider expeditious product traceability and what is currently attainable by a majority of food companies.