Milling & Baking News - March 9, 2010 - (Page 1)

THE NEWS WEEKLY OF GRAIN-BASED FOODS MARCH 9, 2010 / FEATURE Signature Interview With success, AIPC sees broader opportunities with store brands R Scrutinizing saturated fats Reduction efforts intensify, but a scientific study finds no association with heart disease Story on Page 25 LATE NEWS F.D.A. calls on companies to correct labeling WASHINGTON - Food and Drug Administration Commissioner Margaret Hamburg on March 3 issued an open letter to the food industry underscoring the importance of providing accurate nutrition information. The move comes on the same day the F.D.A. notified 17 food manufacturers that the labeling for 22 of their food products violates the Federal Food, Drug, and Cosmetic Act. Several of the products, including Mrs. Smith's Coconut Custard Pie from Schwan's Consumer Brands and Nestle Drumstick Classic Vanilla Fudge from Dreyers Grand Ice Cream, Inc., were called out for not disclosing Continued on Page 8 eturning the company to its pasta roots in private label and food service, John P. (Jack) Kelly has helped American Italian Pasta Co. to achieve robust financial health. In a recent interview, though, the chief executive officer of Kansas City-based AIPC insisted this strategy of deemphasizing branded pasta does not mean the company will be moving backward. To the contrary, Mr. Kelly Kelly has ambitions to build on the company's strengths in ways that may give AIPC a dramatically different profile in the years ahead. Roaring back from extremely difficult years earlier in the decade, the company's net income in fiscal 2009 (year ended Oct. 2, 2009) was a record $88.3 million, more than quadruple net income in fiscal 2008 and a stunning turnaround from the company's low point in fiscal 2005 when AIPC sustained a loss of more than $100 million. Shares of AIPC were trading on Nasdaq at the end of February at $38.80. The price was up 328% from the $9.06 per share price in November 2007 when the hiring of Continued on Page 31 U.S. flour output down 0.3% in 2009, fourth largest on record WASHINGTON - Production of wheat flour by U.S. mills in 2009 decreased 0.3% from 2008 to become the fourth largest total of record, according to preliminary data issued by the Census Bureau of the U.S. Department of Commerce. Output in the 2009 calendar year amounted to 414,996,000 cwts, down 1,287,000 from 416,283,000 cwts in 2008. It also was down 6,274,000, or 1.2%, from the record of 421,270,000 cwts set in 2000. The past year's decrease was the second successive reduction after three years of increases. It followed a recovery in flour production that began with a rise of hardly 1 million cwts in 2005 and continued in 2006 with a larger gain. These three years of increases reversed a period of years in which flour output had been on a downward course. Output in 2008 was up 21,584,000 cwts, or 5.5%, from the recent low of 394,700,000 in 2002. Along with the small decrease in flour output, grind of wheat and especially production of millfeed in 2008 recorded significant reductions. The North American Millers' Association provides funding to the Census Continued on Page 20

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Milling & Baking News - March 9, 2010