Milling & Baking News - March 4, 2014 - (Page 1) THE NEWS WEEKLY OF GRAIN-BASED FOODS MARCH 4, 2014 bakingbusiness.com / foodbusinessnews.net BREAD PRODUCT PERSPECTIVE Proposed Nutrition Facts panel overhaul unveiled by F.D.A. Focused innovation in baking amid rapid industry change Story on Page 33 LATE NEWS Canada Bread earnings up on frozen gains TORONTO - A small decline in earnings within the fresh bread business was more than offset by gains in the North American frozen and U.K. bakery business, driving an 8% increase in adjusted operating earnings at Canada Bread Company, Ltd. in the year ended Dec. 31, 2013. Adjusted operating earnings in the year totaled C$127,117,000 ($114,093,000), up 8% from C$117,692,000 in fiscal 2012. Sales during fiscal 2013 fell 2% to C$1,453,586,000 ($1,303,821,000). "We achieved an impressive adjusted EBITDA margin of 12.1% in 2013," said Richard Lan, president and chief executive officer. "This year Continued on Page 8 WASHINGTON - The Food and Drug Administration released its proposed updates for the Nutrition Facts panel Feb. 27. Notable proposed changes include updating serving size requirements, mandating information about added sugars and increasing the type size for calories. "To remain relevant, the F.D.A.'s newly proposed Nutrition Facts label incorporates the latest in nutrition science as more has been learned about the connection between what we eat and the development of serious chronic diseases impacting millions of Americans," said Margaret A. Hamburg, commissioner of the F.D.A. First Lady Michelle Obama in a Feb. 27 news conference said if people do not have a thesaurus, a calculator, a microscope or a degree in nutrition, they may feel defeated when trying to understand food labels. "As consumers and as parents, we have a right to know what is in the food we are feeding our families," she said said. families " The proposed changes would refresh the format to emphasize certain elements, such as calories, serving sizes and Percent Daily Value, which are important in addressing current public health problems like obesity and heart disease, according to the F.D.A. Consumers first would notice a greater emphasis on calories because of larger and bolder type on the Nutrition Facts panel, according to the F.D.A. "This new label will allow you to Continued on Page 21 Further indications output flat for whole wheat flour WASHINGTON - Whole wheat flour production in 2013 nearly was unchanged from the year before, according to data issued by the North American Millers' Association. U.S. whole wheat flour production for the past year totaled 18,969,000 cwts, down 0.4% from 19,054,000 cwts in 2012. The figures were calculated by Milling & Baking News based on data compiled for NAMA by Veris Consulting, Inc. The data offer the latest indication the growth in whole wheat flour demand has cooled following rapid growth through much of the 2005-12 period. Estimates for 2012 and 2013 were calculated by Milling & Baking News using the same extrapolation formula used for calculating all wheat flour production. Based on indications NAMA obtained data from milling companies accounting for about 95% of U.S. flour milling capacity, Milling & Baking News arrived at an estimate for total wheat flour production by dividing NAMA 2013 production by .951 and 2012 by .954. The year-to-year Continued on Page 22 http://www.bakingbusiness.com http://www.foodbusinessnews.net Table of Contents for the Digital Edition of Milling & Baking News - March 4, 2014 Milling & Baking News - March 4, 2014 Proposed Nutrition Facts panel overhaul unveiled by F.D.A. Further indications output flat for whole wheat flour Late News - Canada Bread earnings up on frozen gains Table of Contents News/Comment - Nutrition Facts plan has a great plus for baking Editorial - Incentive for farmers to plant more wheat Late News Education and Research - Bakers: Bioengineered wheat, consumer challenges ahead Business - Another Syngenta bioengineered corn faces exporter pushback General Mills says ‘no’ to formulating more G.M.O.-free products Guidelines proposed for marketing foods at schools Awrey’s expands gluten-free operations Pan-O-Gold bread donations to food banks exceed 1.5 million loaves in Midwest Financial Results - Bimbo sees more plant closings in 2014 and beyond Campbell Soup eyes earnings push from Pepperidge Mondelez putting building blocks in place for more efficient supply chain Data - Further signs output lagging for whole wheat flour White pan bread price falls Healthy snacking seen as key to future of cracker category C.P.I. for baked foods, cereals rises 0.7% in January U.S.D.A. projects 2015 wheat carryover at 587 million bus U.S.D.A. says food prices to rise between 2.5% and 3.5% in 2014 Nutrition and Health - Whole grains key to adequate fiber intake Transportation - Transportation logistics seen as worst in years for ag products Bread Product Perspective - Focused innovation in baking amid rapid industry change People - Juan Luciano, ADM chief operating officer, promoted to president O’Neill resignation prompts Einstein Noah c.e.o. search Kellogg elects two new members to board of directors Industry Activities - Hale emphasizes pasta, supermarket symbiosis I.B.I.E. elects new chairman for 2016 committee A.B.A. taps co-chairs for E.L.D.C. 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