Milling & Baking News - December 20, 2005 - (Page 1)

Theinewsweeklyiofigrain-basedifoods / NAFTA affirms I.T.C. ruling: Canadian wheat tariff to come off WASHINGTON - The North American Free Trade Agreement Secretariat last week affirmed an October ruling by the International Trade Commission that imports of hard red spring wheat from Canada do not cause material injury to U.S. wheat growers. The affirmation was unanimous among a five-person panel. The principal use of hard red spring wheat flour is for bread, and its production is centered in North Dakota. As a result of the NAFTA affirmation, tariffs of about 11% on imports of Canadian hard red spring wheat will be rescinded. LATE The tariff originally had been set at 14.2%, but was lowered after a NAFTA ruling was issued in June 2005 on a separate appeal from the Canadian Wheat Board. "We look forward to working with growers in ways that are much more productive for both groups, such as fighting wheat diseases and other causes of lost production and declining competitiveness," said John Miller, president, Miller Milling Co. and chairman of the North American Millers' Association ad hoc committee lending expertise in the case. "We will continue, as Continued on Page 38 Equity firms agree to buy Dunkin' Brands, retain its management team BOSTON - Three private equity firms have agreed to buy Dunkin' Brands Inc. from Pernod Ricard for $2.425 billion, Pernod Ricard said Dec. 12. Bain Capital Partners, The Carlyle Group and Thomas H. Lee Partners will invest equal amounts of equity in the company. The existing Dunkin' Brands manage- ment team, led by Jon L. Luther, chief executive officer, will remain in place and become equity investors, The Carlyle Group said. The transaction is subject to standard regulatory approvals. It is expected to close in the first quarter of 2006. Dunkin' Brands, a quick-service restaurant Continued on Page 12 DECEMBER 20, 2005 NEWS WA S H I N G T O N - The Consumer Price Index for baked foods and cereal products in November again rose 1.1% on a year-over-year basis but fell 0.1% when compared with last month, according to the Bureau of Labor Statistics of the U.S. Department of Labor. The November index for Cereals and Bakery Products before seasonal adjustment was 209.1% of the 1982-84 average. For all food at home, the November index was 191, up 0.1% from October and up 1.5% from a year ago. The price index for Bakery Products in November was 222, up 0.1% from October and up 1.9% from a year ago. The November index for bread was 128, up 1.3% Continued on Page 10 C.P.I. climbs 1.1% from year ago Cargill wins McDonald's first-ever U.S. Supplier of the Year honor OAK BROOK, ILL. - McDonald's Corp. on Dec. 12 said it has awarded its first-ever U.S. Supplier of the Year Award to Cargill. McDonald's unveiled the award at the recent U.S. Supplier Summit, an annual gathering of key U.S. McDonald's suppliers held at its Oak Brook headquarters. The fast-food restaurant chain said the McDonald's U.S. Supplier of the Year Award will be presented annually to the food, paper or product supplier that makes the most significant impact on, and contribution to, McDonald's U.S. business Continued on Page 11 Trans fat: what's next? Story on Page 17 inside THIS WEEK Flowers reopens New Orleans baking plant 11 Ingredient No change in '06 carryover forecast 34 F.D.A. in major allergen rule clarification Week 38 39

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Milling & Baking News - December 20, 2005