Milling & Baking News - October 30, 2012 - (Page 1)

THE NEWS WEEKLY OF GRAIN-BASED FOODS OCTOBER 30, 2012 bakingbusiness.com / foodbusinessnews.net FOOD INGREDIENT SOLUTIONS® Food service and military inroads cited as gains for whole grains SAN ANTONIO — Whole grains have emerged as an integral part of many foods programs serviced by Compass Group North America, said Jennifer Ignacio M.S., R.D., nutrition communications manager for Compass Group North America. The growing importance of whole grains at Compass Group, a leader in food service management and support services, was discussed at the recent international conference sponsored by the Whole Grains Council Oct. 17-19 at the San Antonio Marriott River Center. Themed “Whole grains on every plate,” the conference featured several substantive examples of progress made in recent years elevating whole grains from niche product to staple. Sara Baer-Sinnott, president of Oldways Take the bread road to ethnic markets Such items as bolillos and roti acts as flavor carriers, too Story on Page 21 LATE NEWS Agribusiness unit spurs growth at Bunge WHITE PLAINS, N.Y. — Strong performance in the company’s Agribusiness segment contributed to higher income and sales in the third quarter at Bunge Ltd. Net income in the quarter ended Sept. 30 was $297 million, equal to $1.92 per share on the common stock, which compared with $140 million, or 89c per share, in the previous year’s third quarter. Net sales of $17,293 million compared with $15,616 million. “The current market environment, shaped most notably by the severe U.S. drought, has been and will continue to be volatile and complex for everyone who participates in our industry,” said Continued on Page 8 Preservation Trust, highlighted progress made since the first whole grains conference eight years ago. She noted that from that time, finding ways to make whole Continued on Page 30 Hearing on Hostess plan set for Nov. 29; five plants to be closed WHITE PLAINS, N.Y. — A hearing has been set for Nov. 29 to determine the adequacy of the reorganization plan of Hostess Brands, Inc. The hearing will be held in the U.S. Bankruptcy Court, Southern District of New York, in White Plains. Objections to the reorganization plan must be filed with the court no later than Nov. 19. Hostess filed its proposed reorganization plan Oct. 10. As part of its reorganization, Hostess Brands, Inc. will close five baking plants, the company said in its reorganization plan. The 150-page plan includes a wide range of initiatives aimed at putting the company on a sustainable path toward profitability (see related story in Milling & Baking News of Oct. 16, Page 1). “Due to among other things, significant overcapacity in the baking industry, the debtors’ baking facilities currently operate at only 65% of baking Continued on Page 11 Marking nine decades in partnership with grain-based foods http://www.bakingbusiness.com http://www.foodbusinessnews.net

Table of Contents for the Digital Edition of Milling & Baking News - October 30, 2012

Milling & Baking News - October 30, 2012
Food service and military inroads cited as gains for whole grains
Hearing on Hostess plan set for Nov. 29; five plants to be closed
Late News - Agribusiness unit spurs growth at Bunge
Table of Contents
News/Comment - Thanks to market influence, outlook less worrying
Editorial - Powerful impact from three events
Late News
Business - Flowers eliminates jobs in Florida
ADM ups stake in, looks to acquire GrainCorp; may sell Gruma share
Post updates earnings guidance, set to begin notes offering
Wide losses over past two years detailed in Hostess filing
K.C.B.T. members face November vote on CME offer to buy
Traders see benefits, have concerns about K.C.B.T. sale
Financial Results - B.B.U. swings to loss in quarter on pension charge
Bimbo: Pension challenges not unique to baking
Asset-light strategy boosts Dunkin’ Brands earnings
Panera profit climbs 27% in third quarter
Regulatory Affairs - Air emission requirements for yeast raised bakery foods
Food Ingredient Solutions - Take the bread road to ethnic markets
Pasta Perspective - Pasta feeling pricing pressure
Whole grain pastas fare well in taste test
Data - C.P.I. for baked foods, cereals down 0.4% in September
White pan bread lower, whole wheat higher in September
Industry Activities - Sheluga: Strong effort needed to jolt whole grains sales out of neutral
People - George McGovern, anti-hunger champion, dies at 90
Ingredient Market Trends - I.G.C. lowers slightly its world wheat production and stocks forecasts
Ingredient Week
Supplier Innovations
Classifieds
Marketplace Business Network
Ad Index
Archive

Milling & Baking News - October 30, 2012

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