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Top quotes from the Reuters Food Summit

Wed Mar 19, 2008 6:16pm EDT

Reporter's Notebook

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CHICAGO (Reuters) - Here are some of the top quotes from speakers attending the Reuters Food Summit in Chicago:

RICHARD FEDERICO, CEO, P.F. CHANG'S CHINA BISTRO INC (PFCB.O: Quote, Profile, Research, Stock Buzz)

"This spike will run its course and commodities will go back to some level of normality."

J. PATRICK DOYLE, PRESIDENT OF DOMINO'S PIZZA INC'S (DPZ.N: Quote, Profile, Research, Stock Buzz) U.S. BUSINESS

"They don't declare (a recession) until you've got two quarters of negative growth. But if I were a betting man, I would bet we're in the first quarter of that negative growth right now, and once we've completed the second one, then we'll be in one. So my sense is yeah, we probably are in a recession."

CJ FRALEIGH, COO OF SARA LEE CORP'S (SLE.N: Quote, Profile, Research, Stock Buzz) NORTH AMERICAN BUSINESS

"I know there's a longer term view of that, but in the short term the use of corn for ethanol is not a good decision for the American consumer. Definitely, the use of ethanol raises the prices of food for the American consumer."

KENDALL POWELL, CEO OF GENERAL MILLS INC (GIS.N: Quote, Profile, Research, Stock Buzz)

"Quick-serve restaurants, casual dining -- food away from home -- is really an embedded part of the way Americans eat now ... that industry is a little more resilient than most people sometimes think."  Continued...

 
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