Milling & Baking News - May 20, 2008 - (Page 1)

THE NEWS WEEKLY OF GRAIN-BASED FOODS MAY 20, 2008 / First-quarter flour output gains 2.2%, to record 102 million cwts FEATURE Simply put: Make it healthy Keep saturated fats in mind when reducing trans fat in products. Story on Page 23 LATE NEWS Senate joins House in passing farm bill WASHINGTON - The Senate on May 15 passed by an 81 to 15 vote the Food, Conservation and Energy Act of 2008, the farm bill. The House of Representatives a day earlier passed the legislation by a vote of 318 to 106. The majorities in favor of the legislation were well over the numbers required to override a promised presidential veto. President George W. Bush was abroad at the time of the votes, but in a statement issued before he left for the Middle East, he pledged to veto the bill, criticizing the Congress for "irresponsible" spending and for failing to reform commodity programs Continued on Page 8 WASHINGTON - Flour production by U.S. mills in the first quarter of 2008 rose 2.2% over the same 2007 quarter to a new record, according to the Bureau of the Census of the U.S. Department of Commerce. Output in January-March amounted to 102,454,000 cwts, up 2,199,000 from 100,255,000 produced in the first three months of last year. The preliminary data for the first quarter included revised numbers for both 2007 and 2006 from the Summary for the past year issued just prior to the current report. The North American Millers' Association provides funding to the Census Bureau in support of the compilation of these quarterly milling statistics. The increase in January-March 2008 production marked the 11th consecutive quarter that output surpassed a year earlier. The streak began in July-September 2005 with year-over-year increases rang- ing between 4,603,000 cwts in the fourth quarter of 2007 and 677,000 in the fourth quarter of 2005. There was a second run of seven increases between July-September 1982 and January-March 1984 with the range between 8,905,000 in JulySeptember 1983 and 231,000 in January-March1984. The 11 consecutive quarterly gains stood in marked contrast Continued on Page 21 In addition to a review of firstquarter flour production, this week's issue of Milling & Baking News includes extensive coverage of the Census Bureau's 2007 Summary for flour production, beginning on Page 18. Additional articles, dealing with flour production by states in 2007 and the first quarter of 2008, will appear in the June 3 issue. DuPont, Genencor to create cellulosic ethanol j.v. COPENHAGEN, DENMARK - An agreement between E.I. du Pont de Nemours and Co. and Genencor, a division of Danisco A/S, will form a joint venture to develop and commercialize a technology solution for the production of cellulosic ethanol, a biofuel produced from non-food sources. A beginning three-year investment of $140 million initially will target corn stover and sugar cane bagasse, or plant residue left after a product such as juice has been extracted. Future targets are mul- tiple lingo-cellulosic feedstocks, which include wheat straw, a variety of energy crops and other biomass sources. The 50/50 global joint venture, called DuPont Danisco Cellulosic Ethanol, L.L.C., expects its first pilot plant to be operational in the United States in 2009. A commercial-scale demonstration facility should be in operation within three years. Based in the United States, the joint venture will be formed after regulatory approvals. The parent companies said the joint venture addresses a $75 billion global market opportunity. The parent companies estimate an ethanol demand of 30 billion gallons in the United States in 2020 with cellulosic ethanol supplying 15 billion gallons. In Europe, the parent companies estimate a demand of 9.9 billion gallons by 2020 with cellulosic ethanol supplying 7.7 Continued on Page 11

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Milling & Baking News - May 20, 2008