Milling & Baking News - March 28, 2017 - 4

Contents X

March 28, 2017 Vol. 96, No. 2

X FOOD INGREDIENT SOLUTIONS®

X NEWS Comment

Story on Page 22

Rare bout of food
deflation thankfully
seen abating in 2017

Making gains in
gluten-free nutrition
Nuts, pulses and ancient grains
pack in more protein, fiber

10

Monsanto fires back over
Roundup cancer trial e-mails

11

Starbucks launches gluten-free
sandwich, sprouted grain bagel

13

Weston income slides as company
adjusts to regulatory costs

20

Grain, rail executives extol
importance of trade at N.G.F.A.

21

Ritz cracker line grows with
debut of Crisp & Thins

The agribusiness company disputes that
glyphosate may be carcinogenic and points
out regulators around the world support its
safe use.

Righting the ship
New World Pasta among
companies looking to turn
things around in pasta category
Story on Page 30

XDEPARTMENTS
7
10
13
18
21
32
36
39
49
54

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

Along with the two new product introductions,
the company unveils plans to launch Starbucks
Mercato, a new menu of lunch items.

Operating income in the Weston Foods segment
slips 2% in fiscal 2016. Food regulations in the
United States have an effect on the business.

Preserving the benefits of the North American
Free Trade Agreement is essential, according
to the panel of grain industry and railroad
executives.

Mondelez International says the crackers, which
combine potatoes and wheat, should meet U.S.
demand for "better-for-you" chip options.

In an already challenging, highly
competitive environment for grain-based
foods in 2016, baker efforts to generate
growth were hampered by a highly
unusual development in retail food -
price deflation. Retail food prices declined
1.3% in 2016. Led by the precipitous 21%
drop in egg prices, it was the first time
since 1968 that retail food prices were
down for a calendar year.
It wasn't only eggs. Prices for meat,
dairy, fats, sweets and beverages all
declined last year. Grain-based foods
did not escape the trend either. The
Consumer Price Index for baked foods
and cereal products fell 0.3% in 2016.
Within this category, 14 of 18 grain-based
sub-categories were lower in 2016, led
by cereals, down 1.2%; flour and mixes,
down 2.1%; rice, pasta and corn meal,
down 1.5%; and crackers, off 0.5%. Bread
was down a modest 0.1%.
Relief appears to be at hand. Projecting
a better year for retailers in 2017 than
in 2016, Moody's Investors Service is
forecasting food price inflation of 1%
in the current year, a 2.3-point swing.
Commenting on other trends, the credit
rating agency suggested retailers (and
perhaps food processors) need not worry
excessively yet about the threat posed
by on-line sales. Moody's noted online food sales, while showing signs of
growth, still account for less than 1% of
total sales, a share that is not expected
to climb past 3% during the next
five years. MBN

XCOMPANIES IN THIS ISSUE
Ag Commodity Research ................... 19

Caterina Foods .................................. 23

IOI Loders Croklaan ........................... 49

Siemer Milling Co. ............................... 1

American Italian Pasta Co. ................. 30

CSM Bakery Solutions.......................... 8

Kansas City Southern Railway ............ 20

Starbucks Corp. ................................. 11

Archer Daniels Midland Co. ......... 23, 49

Dunkin' Brands Group ......................... 8

Krispy Kreme Doughnuts ..................... 8

Sweet Green Fields, L.L.C................... 49

Ardent Mills ...................................... 23

Ebro Foods S.A. ................................. 30

Lansing Trade Group ............................ 1

Tate & Lyle P.L.C. ............................... 49

Barilla Group..................................... 30

Flowers Foods, Inc. ............................ 21

Mennel Milling Co. .............................. 1

The Andersons, Inc............................... 1

Bay State Milling Co. ......................... 23

Foodscape Group L.L.C. ..................... 22

Mondelez International, Inc. .............. 21

Thymly Products, Inc. ......................... 49

Best Cooking Pulses .......................... 26

General Mills, Inc............................... 16

Monsanto Co. ................................... 10

Wixon, Inc. ........................................ 26

Global

George Weston ................................. 13

Prairie Oat Growers ........................... 19

Ingredients Division ........................... 23

GLG Life Tech Corp. ........................... 49

Puratos ............................................. 11

Cargill ............................................... 49

Hostess Brands, Inc.............................. 1

Rademaker.......................................... 8

Blue

Diamond

Almonds

4 / March 28, 2017 XMilling & Baking News

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Milling & Baking News - March 28, 2017

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