Milling & Baking News - June 20, 2006 - (Page 1)

I A O M R E V I E W I N S I D E Theinewsweeklyiofigrain-basedifoods U.S. flour production in '05 summary tops preliminary total WASHINGTON - The final summary of U.S. flour production for 2005, just issued by the Bureau of the Census in the U.S. Department of Commerce, now indicates that production in the year was slightly ahead of 2004 instead of the small decrease initially indicated. The final summary presents an upward adjustment of 1,034,000 cwts, or 0.3%, from the revised preliminary estimate of mill output based on quarterly reports. The summary places production of wheat flour in 2005 at 394,973,000 cwts, up 1,048,000, or 0.3%, from 393,925,000 in 2004 but still down 26,297,000 cwts, or 6.2%, from the record output of 421,270,000 cwts in 2000. The 2005 data reflect revisions not only in the current summary but also in the most recent preliminary report issued in LATE May. Annual 2005 flour output was originally estimated in February at slightly below the prior year. Revisions in May, based on revised quarterly estimates, brought the total almost to the equal of 2004. The final summary reflects additional small gains. The modest final increase in 2005 production, of less than 1%, followed an equally small decrease in 2004, which in turn came after a single year of a relatively limited increase. These three years of rather aimless changes follows two years, 2002 and 2001, of sharp reductions. Those two straight years of output reductions were themselves unusual, contrasting with the previous period when output rose consistently year after year. The decreases in 2002 Continued on Page 20 Whole Grains Council unveils enhanced whole grain stamp design BOSTON - Phase II of the Whole Grain stamp program is officially under way, featuring an enhanced stamp design that retains the same black-and-gold graphics as the original stamp, but with different text that aims to provide more information to consumers, including the number of grams of whole grain ingredients in each serving. "Each stamp now declares the whole grain content of the food inside the package, such as 27 grams or more per serving'," said Jeff Dahlberg, chairman of the Whole Grains Council. In addition, text directly below the stamp will continue to remind consumers that 48 Continued on Page 12 Broadening product universe for whole grains Story on Page 29 inside JUNE 20, 2006 / NEWS SAN FRANCISCO - With more than 10,000 non-perishable grocery items and a selection that is growing every day, Internet retailer once again is attempting to sell food items on-line. "Because we only carry products when we can offer great prices and free shipping, we don't carry everything (yet!)," the company said in a notice on its web site. Among those products that are available are Kellogg's and Kashi cereals and Kraft Easy Mac microwavable snack packets. The widespread launch comes on the Continued on Page 10 Amazon begins selling groceries AIPC raises estimate of earnings write-offs by up to $65 million KANSAS CITY - Offering an update in an ongoing investigation of accounting at the company, American Italian Pasta Co. said on June 9 it expects to increase its cumulative charges against earnings by between $53 million and $65 million. The company also said its probe of three years of financial results has been broadened to include two additional years. The new charges are in addition to previously disclosed charges of $76 million disclosed after the second quarter of fiscal year 2005 (fiscal year begins Oct. 1). All but about $4.5 million of the new charges are non-cash items. Additionally, the company for the first time in more than a year issued a glimpse Continued on Page 16 THIS WEEK Smucker to shift Uncrustables production Baked foods index up 1% from '05 12 18 Ingredient Peterson named Miller of the Year 52 Week sponsored by 62

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Milling & Baking News - June 20, 2006