Milling & Baking News - June 2, 2009 - (Page 1)

THE NEWS WEEKLY OF GRAIN-BASED FOODS JUNE 2, 2009 / FEATURE New F.D.A. leaders focus on better food safety, improved nutrition Targets for needed nutrients Demographics come into play in promoting vitamins, calcium and folate Story on Page 21 LATE NEWS I.F.T., F.P.S.A. to co-locate show CHICAGO - The Institute of Food Technologists and the Food Processing Suppliers Association have agreed to co-locate the I.F.T.'s Food Expo and the F.P.S.A.'s Process Expo at Chicago's McCormick Place beginning July 18-20, 2010. The two events will take place on separate floors at the convention center. The partnership will provide new opportunities to develop educational programs to expand food safety education throughout the food chain. The I.F.T. Food Expo annually draws more than 18,000 people. This year's meeting and food exposition, "The Best of Food Thinking 2009," will Continued on Page 8 WASHINGTON - Building safeguards into every step of the food production and distribution process as well as working with industry to educate the public about nutrition are among steps needed to restore credibility at the Food and Drug Administration, the agency's new chiefs wrote in a May 26 on-line article for The New England Journal of Medicine. Margaret Hamburg, commissioner of the F.D.A., and Joshua Sharfstein, principal deputy Hamburg commissioner, laid out an extensive look at the challenges facing the F.D.A. in a "perspective" article titled "The F.D.A. as a Public Health Agency." A top priority for the F.D.A. will be food safety, an area that has garnered attention in recent Sharfstein years due to outbreaks of Salmonella as well as other food safety lapses. Dr. Hamburg and Dr. Sharfstein said a public health approach to food safety starts with the use of data to identify the riskiest parts "of an enormous and complex system." "The F.D.A. should partner with the Department of Agriculture and other federal agencies, states and other authorities to establish a modern food-safety system focused on prevention of contamination," they wrote. "Working with Congress to modernize food safety laws, the F.D.A. must strive to build safeguards into every step of the production and distribution process." In making their case, the two commissioners noted the Salmonella outbreak linked to contaminated peanut butter represented "far more than a sanitation problem at one troubled facility. It reflected a failure of the F.D.A. and its regulatory partners to identify risk and to establish and enforce basic preventive controls. And it exposed the failure of scores of food manufacturers to adequately monitor Continued on Page 44 Flowers confident on outlook in spite of market pressure THOMASVILLE, GA. - While heightened competitive activity required Flowers Foods, Inc. to promote its products more aggressively in several markets, the company is still poised to hit its sales and earnings guidance, said George E. Deese, chairman, president and chief executive officer. Mr. Deese commented on the outlook during a May 27 conference call in connection with the release of first-quarter financial results. Earnings at Flowers Foods in the first quarter ended April 25 were $37,381,000, equal to 40c per share on the common stock, up 4.5% from $35,783,000, or 39c per share, in the same period last year. Despite the gain, earnings per share fell just short of analysts' expectations of 41c per share, and the company's stock fell nearly 8% in early New York Stock Exchange trading on May 27. Net sales were $807,007,000, up 19% from $676,707,000 in the first quarter of Continued on Page 46

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Milling & Baking News - June 2, 2009