Milling & Baking News - June 22, 2004 - (Page 1)

Theinewsweeklyiofigrain-basedifoods NEWS BURLINGTON, VA. - Bruegger's Enterprises, Inc., the nation's No. 2 bagel chain, last week marked its entrance into the bread market with the launch of a stone-ground hearth bread to its newly expanded menu. The first variety in the line, Honey Wheat bread, is 25% whole wheat, 75% white flour and was described as a light, sweet loaf with molasses and honey aromas. More varieties will be introduced going forward, the company said. "The introduction of breads to our Continued on Page 8 No. 2 bagel chain enters bread market U.S.D.A. reduces '05 U.S. wheat carryover to 495 million bus WASHINGTON - The Economic Research Service of the U.S. Department of Agriculture on June 10 lowered by 4 million bus from last month its forecast of the carryover of wheat on June 1, 2005. At 495 million bus, the projected carryover will be down 46 million bus, or 8.5%, from the 2004 carryover of 541 million bus and almost even with 491 million bus in 2003. The reduction in the carryover forecast resulted from a decrease of 19 million bus in 2004-05 production, partially offset by a 15-million-bu decrease in old crop U.S. wheat exports. Exports for 2003-04 were reduced to 1,155 million bus, resulting in a 15-million-bus increase in 2004 carryover stocks, to 541 million bus. Although the E.R.S. did not comment Continued on Page 16 Deloitte survey results highlight prevailing consumer confusion NEW YORK - A new survey shows even as most consumers hold individuals accountable for their own eating habits, many voiced some concern about consuming biotechnology-derived foods and most consider their eating patterns healthy - even though most also think they are overweight. The on-line survey of about 4,000 consumers by Deloitte & Touche USA L.L.P. covered an array of eating and dietary issues. Tara Weiner, national managing partner of Deloitte & Touche's Consumer Business Division, said the results revealed a somewhat conflicted nation when it comes to eating. "Survey respondents mostly claim they try to eat healthy, read nutritional labels and that they would like to see more healthy food menu items," Ms. Weiner said. "But given that 57% of the respondents also said they are overweight, it appears to be a struggle for most of us. "The survey shows that the food industry has a lot of different issues to deal with, many of which directly contradict one another, making this such a challenging time for the industry." Though a majority of those surveyed called themselves overweight, 76% said they practiced healthy eating habits. A vast majority - 74% - also strongly opposed health-related lawsuits against fast-food Continued on Page 12 ADM c.e.o. cites interest in more China flour milling construction PARIS - A major flour milling investment in China is under consideration at Archer Daniels Midland Co., according to G. Allen Andreas, chairman and chief executive officer. In a June 11 presentation, Mr. Andreas touched briefly on the company's flour milling business in China. He spoke at the Deutsche Bank Global Consumer Conference in Paris. "We're rationalizing our factories in North America and looking for opportunities in the global market to bring our Continued on Page 11 presents Review 2004 LATE JUNE 22, 2004 / Story on Page 19 inside THIS WEEK Ingredient Definition of 'overweight' called into question OSHA cites ADM for violations 9 12 U.S.D.A. lowers '04 winter wheat production Week 14 35

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Milling & Baking News - June 22, 2004