Milling & Baking News - December 28, 2010 - 4

Contents 

December 28, 2010 Vol. 89, No. 22
Cover art by Bob Bliss

 FOOD INGREDIENT SOLUTIONS©

 NEWS Comment

Story on Page 21

New modernization
act holds out
food safety promise

A health market for
Hispanic product
Produce and whole grains add ethnic flair
and health appeal

10

Bunge North America
buys rice milling business

Bunge North America acquires the rice milling
business of Pacific International Rice Mills,
L.L.C., an Anheuser-Busch, Inc. subsidiary.

12
No name, no problem
Strong private label growth spurs
sweet goods sector

Story on Page 26

DEPARTMENTS
7
9
14
15
20
29
30
31
32
33
46

Editorial
Business
People
Financial Results
Data
Washington
International
Industry Activities
Supplier Innovations
Ingredient Week Trends
Archive

Cargill Australia acquires
commodity business

Cargill Australia Ltd. agrees to buy the
commodities management business that
Agrium purchased as part of its acquisition
of AWB.

16

General Mills income
up 9% in quarter

General Mills, Inc. achieves second-quarter
income of $613.9 million despite more
promotions and lower margins. Sales increase
1% to $4,066.6 million.

18

ConAgra earnings fall after
weak promotional response

Second-quarter income falls 16% to $200 million
for ConAgra Foods, Inc. after a lackluster
consumer response to promotions. Sales rise 2%
to $3,161 million.

30

World trade in grains likely
to rise at 2% annual pace

An International Grains Council study forecasts
an average annual rise of 2% in world trade in
grain (wheat and coarse grains) over the next
five years.

COMPANIES IN THIS ISSUE
Ag Growth International Inc. ........... 14
Agrium ............................................. 12
Allied Blending & Ingredients, Inc. ... 22
AMF Bakery Systems ........................ 32
Archer Daniels Midland Co................. 9
AWB ................................................. 12
Bayer CropScience AG ........................ 9
Bimbo Bakeries USA......................... 26
Bunge Ltd......................................... 10
Cargill ........................................ 12, 14
Carolina Soya ..................................... 9
CHS Inc............................................. 10

ConAgra Foods, Inc. ................... 18, 22
Corner Bakery Cafe ............................ 9
Danisco ............................................ 18
Dawn Food Products, Inc. ................. 22
DreamWorks Animation SKG, Inc. .... 26
Einstein Noah Restaurant Group ........ 8
EQT Greater China II ........................ 30
EUROSORT ......................................... 9
Flowers Foods, Inc. ........................... 26
Fugeia .............................................. 32
General Mills, Inc. .................. 9, 14, 15
Horizon Milling ................................ 12

4 / December 28, 2010 Milling & Baking News

So much about the operations of the new
Food Safety Modernization Act depends
on regulations yet to be written and what
funding Congress appropriates that little
may be said about the new law beyond
hailing its intent and broad purposes. The
act, one of the "surprises" from the lame
duck session that accomplished much more
than anyone predicted, represents the first
major change in federal food safety law
since the 1938 food and drug act. Even with
support from industry and across party lines,
final passage came only after several years
of deliberations that often were affected by
food-related illness outbreaks.
For grain-based foods, the most telling
impact of the new law will be requiring
food manufacturers to examine their
processing systems to identify possible
sources of contamination and then to
develop detailed plans to keep these from
occurring. An expanded Food and Drug
Administration is required to conduct
much more frequent examinations to
assure compliance. It doesn't require much
imagination to appreciate how complex
the rules may be.
The F.D.A. and food manufacturers are
given fairly large blocks of time in which
to prepare for implementation of these
changes. Many will not become effective
for several years. Everyone involved with
the new bill has expressed the hope that
it will assure consumers concerning safety
of the food supply. This alone would be a
highly welcome development after recent
mishaps that have exacerbated concerns
across the entire food supply chain. MBN

Hostess Brands, Inc. ......................... 26
ICL Performance Products ................ 32
iTi Tropicals....................................... 22
Kraft Foods Inc. ................................ 10
Krispy Kreme Doughnuts Co............. 26
Lesaffre Yeast Corp........................... 10
McKee Foods Corp............................ 26
Natural Soda, Inc.............................. 32
Otis Spunkmeyer Inc. ....................... 26
Pacific International
Rice Mills, L.L.C. ............................ 10
Pasta Master .................................... 14

Qinyuan Bakery ................................ 30
Red Star Yeast Co. ............................ 10
Schmidt-Seeger ................................ 32
SORT .................................................. 9
Spicetec Flavors & Seasonings ......... 22
TNO ................................................. 32
Tramco Inc........................................ 14
United Grain Corp. ........................... 10
Van de Vries Spice Corp.................... 14
Van Drunen Farms ............................ 22
Wenger Manufacturing, Inc.............. 14

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Milling & Baking News - December 28, 2010

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