Milling & Baking News - June 14, 2011 - (Page 33)

Ingredient Market Trends Weekly Spotlight U.S. share of world wheat exports in per cent 35% 30% 25% 20% 15% ‘91 ‘93 ‘95 ‘97 ‘99 ‘01 ‘03 ‘05 ‘07 ‘09 ‘11 U.S.D.A. raises forecast for 2011-12 world wheat ending stocks he U.S. Department of Agriculture on June 9 forecast 2011-12 world wheat ending stocks at 184.26 million tonnes, up 3 million tonnes from the May projection but down 2.86 million tonnes, or 2%, from 187.12 million tonnes in 2010-11 and down 7% from the recent high ending stocks of 198.29 million tonnes in 2009-10. The 2010-11 world wheat carry-in of 187.12 million tonnes was up 4.92 million tonnes from the May forecast. The hike in the carry-in estimate was mostly due to adjustments to Russian stocks estimates. World wheat production in 2011-12 was projected at 664.34 million tonnes, down 5.21 million tonnes from the May forecast but up 16.13 million tonnes, or 2%, from 648.21 million tonnes in 2010-11 and compared with the record outturn of 684.25 million tonnes in 2009-10. It would be the world’s thirdlargest wheat crop. The U.S.D.A. projected European Union-27 wheat production at 131.50 million tonnes, down 7.2 million tonnes from the May forecast. The department lowered its projection for the Canadian crop by 1 million tonnes, to 25 million. These reductions more than offset higher forecasts for the Argentina, Australia, Pakistan and U.S. crops. The U.S.D.A. said in commentary accompanying the estimates, “Persistent dryness, particularly in France but also in Germany, the United Kingdom and western Poland, has reduced yield prospects for the E.U.-27. Production is also reduced 1 million tonnes in Canada as flooding and excessive rainfall, particularly in eastern Saskatchewan and adjoining areas of Manitoba, are expected to reduce spring wheat seeding. Production is increased 1.5 million tonnes for Argentina and 0.5 million tonnes for Australia, both reflecting favorable planting conditions and strong producer price incentives to expand area.” The Russian crop was projected at T Sources: U.S. Department of Agriculture 53 million tonnes, unchanged from May but up 11.49 million tonnes, or 28%, from the drought-ravaged 2010 crop. The China crop, forecast at 115.5 million tonnes, would rank as the nation’s second-largest. China’s record crop was harvested in 1997 at 123.3 million tonnes. World wheat consumption in 2011-12 was projected at a record 667.19 million tonnes, down 3.4 million tonnes from the May forecast but up 7.8 million Indexes Saltine Cracker Ingredients Bagel Ingredients Price Indicators 2 3 THIS LAST WEEKS WEEKS WEEK WEEK AGO AGO Pan-bread flour Wheat futures, K.C., July Hard winter premiums, 12.2% protein Millfeed, K.C., 30-day Soybean oil Cane sugar Cocoa 33 / July 3, 2007 Milling & Baking bakingbusiness.com / world-grain.com News tonnes, or 1%, from use of 659.38 million tonnes in 2010-11, the previous record. The U.S.D.A. indicated the reduction in the use forecast was attributed mostly to a reduction in E.U. feed use. World wheat exports in 2011-12 were projected at 127.59 million tonnes, up 0.25 million tonnes from the May forecast, up 0.94 million tonnes, or 1%, from 126.4 million tonnes in 201011 and compared with 135.85 million tonnes in 2009-10. World wheat exports were record high in 2008-09 at 145.51 million tonnes. Increases in the export projections for Argentina and Australia, up 1 million tonnes and 2 million tonnes, respectively, offset a 3-million-tonne reduction in the E.U. export forecast. Russian wheat exports in 2011-12 were projected at 10 million tonnes, unchanged from the May forecast, up 6 million tonnes from the previous year but down from a record 18.56 million tonnes in 2009-10. MBN Millingbakingbusiness.com / June 14, 2011 / 33 & Baking News world-grain.com http://www.bakingbusiness.com http://www.world-grain.com http://www.bakingbusiness.com http://www.world-grain.com

Table of Contents for the Digital Edition of Milling & Baking News - June 14, 2011

‘Grain chain’ gives unanimous support for MyPlate
Canadian government targets C.W.B. monopoly on wheat marketing
MacLennan named president of Cargill
Contents
Celebrations may be premature for bakery fl our buyers
Editorial - Last hope for Doha Round not becoming non-Round
Wayne Turnbull reopens New Orleans bakery
General Mills adds Fiber One 90-Calorie Brownies
Packaged snacks sales reach $64 billion
Nestle joins project of food, genes
G.F.F.: One-ounce servings key to balanced meals
Oldways director offers mixed review of MyPlate
Stimulus boost for SNAP helps avert diminished food security
Smucker full-year profi t falls 3% on restructuring, acquisition costs
Debate likely to rage on, but HFCS demand seen stabilizing in U.S.
Kellogg sets 2010 to the side, looks forward to better 2011
Analyst: Nestle ‘unlikely’ to acquire General Mills
Grain Processing investing $100 million in emission reduction projects
Winter wheat crop forecast for 2011 up 2% from May
Wheat carryover forecast for 2012 lowered to 687 million bus
High fuel prices push shipping costs up; weather slows Upper Midwest rail traffi c
Canadian government targets C.W.B. monopoly on wheat marketing
Irish Pride launches bread with omega-3 fatty acids
Acquisitions help drive revenue gains at Aryzta in quarter
F.A.O. sees no respite from grain price strength and volatility
Gonnella offering scholarship to attend AIB
Paul Ridder named president of Tasty; Charles Pizzi to remain as adviser to Flowers
Chris Delaney named c.e.o. of Goodman Fielder
Bob Klima joins Caravan as business development manager
Fruit powder provides vitamins, fiber
Non-dairy ingredient achieves pareve certification
Products focus on noodle production
Trademark signifi es sustainable palm oil
Enzyme concentrate enhances baking properties of flour
U.S.D.A. raises forecast for 2011-12 world wheat ending stocks
Ingredient Market Trends
Ingredient Week
Classifieds
Marketplace Business Network
Ad Index
Archive

Milling & Baking News - June 14, 2011

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