Milling & Baking News - August 24, 2004 - (Page 1)

Theinewsweeklyiofigrain-basedifoods / Industry issues faced head-on as bakers, suppliers gather at Expo LATE LAS VEGAS - The industry's principal emony by both the I.B.I.E. chairman, Robert issues of the day Kirkpatrick, and the - shifting dietary vice-chairman, R. preferences, food Jack Lewis Jr. security and risOn the show ing labor costs floor, ingredi- loomed large ent suppliers last week at the displayed and 2004 International promoted a Baking Industry range of new Exposition in Las products aimed Vegas. at facilitating draThe trienmatic formulation nial event was held adjustments in Aug. 15-18 at the grain-based foods Las Vegas Convenproducts as baktion Center. It was ers work to meet sponsored jointly rapidly changing by the American consumer deBakers Association mands. Similarly, and BEMA, the bak- Launching the 2004 International Baking In- equipment makers ing industry suppli- dustry Exposition Aug. 15 in Las Vegas were focused on innoers association. I.B.I.E. chairman, Robert Kirkpatrick, right, vations that help Industry issues and the vice-chairman, R. Jack Lewis Jr. bakers introduce were evident in new products but exhibitor booths throughout the show floor also improve efficiency and sanitation and addressed in remarks at the opening cerContinued on Page 9 U.S. flour production down in second quarter, first half of '04 WASHINGTON - Flour production by U.S. mills in the second quarter of 2004 decreased 1.1% from the same 2003 quarter, according to the Bureau of the Census of the U.S. Department of Commerce. Output in the quarter totaled 95,690,000 cwts, down 1,077,000 cwts from 96,767,000 cwts in April-June 2003. The output this year in April-June represented the smallest for the second quarter since 1994 when it was 95,676,000. Production of flour by U.S. mills in the first six months of 2004 decreased 0.6% from the same period of 2003. The North American Millers' Association provides funding to the Census Bureau in support of the compilation of these quarterly milling statistics. In the current report, the Census Bureau incorporated changes from data in the recently issued summary for 2003. While the Census did not include summary data in the first quarter (January-March) report issued Continued on Page 17 inside AUGUST 24, 2004 NEWS THOMASVILLE, GA. - Net income of Flowers Foods, Inc. in the second quarter ended July 17 totaled $15 million, equal to 33c per share on the common stock, compared with a loss of $9.3 million in the second quarter of fiscal 2003. Sales of $360.7 million were up 7% from the year-ago quarter, with volume accounting for 4.2 percentage points of that gain and pricing making up 2.3 points. "Nature's Own breads continue to drive our sales growth as consumers seek foods with healthrelated attributes," said George E. Deese, president and chief Continued on Page 8 Nature's Own gives boost to Flowers Research suggests wheat bran may help prevent colon cancer MANHATTAN, KAS. - New research from scientists at Kansas State University and Wichita State University suggests that the antioxidant components of wheat may help prevent colorectal cancer tumors. According to K.S.U., the new research focuses on an antioxidant class of orthophenolics found in wheat bran that appear to block the formation of mutagenic compounds. As part of the initial study, researchers found that diets containing the same level of wheat bran but different levels of antioxidants exhibited dramatically different capacity to suppress tumor development. In separate studies, researchers at the Continued on Page 9 THIS WEEK Industry largely dodges hurricane's fury 11 Ingredient K.C. board in pact with Chicago Board of Trade 12 Hausmann details altered approach for Bunge Week 23 31

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Milling & Baking News - August 24, 2004