Milling & Baking News - July 8, 2014 - (Page 1)

THE NEWS WEEKLY OF GRAIN-BASED FOODS JULY 8, 2014 bakingbusiness.com / foodbusinessnews.net NEWS Joanne Slavin bemoans public misperceptions of food technologists Grain snacks source of steady sales growth at General Mills Story on Page 10 LATE NEWS ADM to acquire Wild Flavors DECATUR, ILL. - Archer Daniels Midland Co. has reached agreement to acquire Zug, Switzerland-based Wild Flavors GmbH in an all-cash transaction valued at approximately €2.3 billion ($3.1 billion). As part of the deal, ADM will pay €2.2 billion to Wild Flavors shareholders HansPeter Wild and funds affiliated with Kohlberg Kravis Roberts & Co. L.P., and assume approximately €0.1 billion of net debt. "Natural flavor and ingredients is one of the largest and fastest-growing consumer trends in both developed and emerging markets, and Wild Flavors is the world's leading provider of natural flavor Continued on Page 8 NEW ORLEANS - While food technologists have been and remain important, their work generates mistrust in the public eye, said Joanne L. Slavin, a professor of food science and nutrition at the University of Minnesota. In a June 23 presentation, Dr. Slavin discussed food technology and the nutrients targeted for reduced intake. She spoke at the Institute of Food Technologists' annual meeting and food exposition at the Morial Convention Center in New Orleans. Her presentation, titled "Eat less of this: Dietary guidance for reduction of sodium, sugar and fat," was part of a larger panel discussion titled "Healthy reduction: Perspectives on improving nutrition in prepared foods by reducing or replacing targeted ingredients." Dr. Slavin was sympathetic to the plight of today's food technologists and was encouraging at the same time. "There is a lot of mistrust of food technology and very little appreciation of it, which is unfortunate," she said. "For people at I.F.T., that's our job, explaining to people the advantages of it. I think it will continue, even if food technology solves nutrition issues. Nutritionists say, 'We need to reduce this, reduce this and reduce this.' Food technologists come up with solutions that continue to be criticized. It's frustrating, and those solutions will continue to be needed, like decreasing calories, decreasing sodium and decreasing added sugar. And improving the fat profile of the product." The entire "eat less of this" approach, so popular in the media, is on shaky Continued on Page 26 News Feature G.M.O. debate escalates as crop area increases L egislation, lawsuits and certainly debate continue to escalate on the issue of bioengineered crops, ingredients and labeling amid an often confusing landscape of private and government efforts at county, state and federal levels. At the same time, plantings of bioengineered crops, also referred to as genetically modified organisms (G.M.O.s), increased an estimated 3% globally in 2013. Commodity and food processing groups mostly have backed the Safe and Accurate Food Labeling Act of 2014 (H.R. 4432), which, among other things, would put G.M.O. labeling under the jurisdiction of the U.S. Food and Drug Administration and prohibit G.M.O. labeling laws in individual states. Activist groups have opposed H.R. 4432, calling it an industry tool to circumvent their labeling concerns that tend to fall into two camps - the safety of bioengineered crops and consumers' "right to Continued on Page 22 http://www.bakingbusiness.com http://www.foodbusinessnews.net

Table of Contents for the Digital Edition of Milling & Baking News - July 8, 2014

Milling & Baking News - July 8, 2014
Joanne Slavin bemoans public misperceptions of food technologists
News Feature - G.M.O. debate escalates as crop area increases
Late News - ADM to acquire Wild Flavors
Table of Contents
News/Comment - No trend reversal in wheat area expansion
Editorial - Benefit from new electronic age
Late News
Business - S.T.B. orders rail carriers to resolve grain transport woes
Shearer’s closes Snyder’s-Lance private brands acquisition
Hostess selling properties in on-line auction
Grain snacks source of steady sales growth at General Mills
General Mills works to spark interest in cereal category
ConAgra c.e.o.: Ralcorp integration ‘an intense learning experience'
Organic, natural snack food maker files for Chapter 11 protection
Ardent Mills h.q. to Denver’s central business district
Cinnaholic rolls out prototype after reality show appearance
Financial Results - Ardent’s impact on ConAgra: Large gain, drag on fiscal 2015 profits
Merchandising - Americans seek ‘snackable’ indulgences, says Mintel
People - B&CMA names David Van Laar as president; follows Stacey Sharpless
CHS names executive vice-president responsible for country operations
Data - 2014 wheat carryover at 590 million bus; smallest since 2008
U.S.D.A. forecasts wheat harvested area at 46.2 million acres
G.F.F. spokesperson presents at nurses’ conference
Washington - A.B.A. opposes listing of added sugars on nutrition panels
Ingredient Market Trends - Canadian farmers plant fewer wheat acres for harvest than in 2013
Ingredient Week
Supplier Innovations
Classifieds
Marketplace Business Network
Ad Index
Archive

Milling & Baking News - July 8, 2014

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