Milling & Baking News - August 11, 2009 - (Page 1)

THE NEWS WEEKLY OF GRAIN-BASED FOODS AUGUST 11, 2009 / NEWS Flour production in April-June down 0.5% from a year ago Vitamin D opportunity for grain-based foods Story on Page 9 LATE NEWS AIPC earnings soar in third quarter KANSAS CITY - Earnings at American Italian Pasta Co. jumped sharply in the third quarter, advancing to $20,232,000, equal to 93c per share on the common stock, from $978,000, or 5c per share, in the same quarter a year ago. Net sales in the third quarter ended July 3 were $145,527,000, down 7% from $155,844,000. "Our strategy to focus on store brands and our strongest performing proprietary pasta brands continues to pay off," said Jack Kelly, chief executive officer. Retail revenues increased 3% to $113 million, primarily because of an increase related to higher volumes partially offset by a decline in lower Continued on Page 8 WASHINGTON - In what hopefully is a short-lived downtrend, flour production by U.S. mills in the second quarter of 2009 fell short of a year earlier, down 0.5% from the same 2008 quarter, according to data issued by the Bureau of the Census of the U.S. Department of Commerce. Output in April-June totaled 101,997,000 cwts, a decrease of 511,000 cwts from 102,508,000 in the second quarter of 2008. April-June output marked the fourth successive quarter running behind a year earlier. Decreases ranged from 2,845,000 cwts in October-December to 511,000 cwts in the second quarter of this year. This decreasing trend followed a record 12 successive quarters in which output surpassed a year earlier, extending from July-September 2005 through April-June 2008. The increases in this stretch ranged from 4,693,000 cwts in OctoberDecember 2007 to only 7,000 cwts in April-June 2008. This followed four successive quarters of decreases from a year earlier and five earlier increases. Record flour production for a quarter was in October-December 2000, at 109,673,000 cwts, followed by July-September 2007 at 109,017,000 and July-September 2000 at 108,838,000. Output in 36 quarters has exceeded 100 million cwts. This year was the fourth largest April-June Continued on Page 13 News Feature  Members of Congress expected to hear constituent views on key reform initiatives WASHINGTON - Members of Congress have left Washington for an August recess during which they will meet with constituents on three far-reaching reform efforts: health care, climate change and food safety. The least controversial of these was the effort to enact food safety reform legislation in the fall as broad bipartisan support has emerged for strengthening the Food and Drug Administration. Debates over how best to craft climate change and health care legislation were far more contentious with Republicans and Democrats mostly at loggerheads and Democrats often sparring amongst themselves. Food industry groups have weighed in on all three reform debates. It is remarkable to be able to say food safety reform efforts lacked significant controversy. But over the past couple of years, consumers and the food industry were afflicted by a series of foodborne disease outbreaks and imported food scandals. In their wake, few in Congress or in board rooms across the country argued the nation's food safety system required Continued on Page 22

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Milling & Baking News - August 11, 2009