Nutrition facts food label 101
David Branch, Wells Fargo Sector Manager, Specialty and Non-Grain Crops
The U.S. Food and Drug Administration (FDA) has released its long-anticipated, new and improved nutrition facts label for food and beverages. The established date by which manufacturers will be required to comply with the new requirements is July 26, 2018, although there is speculation that the implementation may be delayed by the U.S. Department of Agriculture (USDA). According to the FDA, smaller manufacturers with less than $10 million in annual sales will be granted an additional year for compliance. Foreign manufacturers that export packaged foods into the U.S. will also have to comply with the new requirements for relevant exports.
The most recent USDA World Agriculture Supply and Demand Estimates (WASDE) report surprised the market because it was closer to normal yields than the analysts expected. Why the surprise? The following graph shows that the percentage of the crop that was rated “good” or “excellent” was never more than 3% below the 30-year average.
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