Milling & Baking News - May 18, 2010 - 8

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The U.S.D.A. last
soft red winter
283,464,000 bus,
down 30% from
403,563,000 bus
in 2009, down 54%
from 613,578,000
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the smallest since
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8 / May 18, 2010 Milling & Baking News

Continued from Page 1

cwts, or 42% of the quarter total. Shipments to that country
in March alone were 557,000
cwts. The first-quarter exports
to Pakistan were already well
ahead of the 641,000 cwts
shipped to that country in all
of 2009 when it ranked third
in shipments. Other signifi-

Chavez expropriates
major Gruma operation

wheat production at

MILLI�G CO A
1886/

WEEK OF MAY 18

cant destinations for U.S. flour
exports in January-March were
Canada and Mexico, which have
led as outlets for some years.

week forecast 2010

t

Late News 

CARACAS, VENEZUELA -
The government of President
Hugo Chavez of Venezuela
is expropriating the property
and assets of Molinos Nacionales CA, or Monaca, from
Gruma S.A.B. de C.V. The action has been linked to steps
taken against Ricardo Fernandez, a banker who is a minority shareholder in Monaca.
Venezuelan authorities have
accused Mr. Fernandez of inappropriate banking practices.
Gruma Venezuela, comprising
Monaca and a second subsidiary called Demaseca, is the
second largest corn and wheat
miller in Venezula, operating
13 mills. In the most recent
quarter, Gruma Venezuela accounted for a little less than
10% of the overall sales of
Monterrey, Mexico-based Gruma. The larger of the Venezuelan subsidiaries, Monaca was
acquired by Gruma in 1999.

I.B.I.E. launches
sustainability initiative
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WASHINGTON - The International Baking Industry
Exposition has launched the
B.E.S.T. (Becoming Environmentally Sustainable Together)
in Baking program in advance
of I.B.I.E. 2010 set for Sept. 2629 in Las Vegas. The initiative
is designed to recognize baking
industry suppliers that foster
energy conservation, reduced
water usage, a decrease in landfill waste, healthy living and/or

a reduction of the overall impact on the environment.
Companies whose entries are
deemed acceptable by a panel
of expert judges
will be recognized in upcoming, pre-show promotions, on
www.IBIE2010.com, in future
press releases, on I.B.I.E.'s social
media channels, and in an onsite display area at I.B.I.E. 2010
in Las Vegas. An entry form and
complete list of criteria may be
found at www.IBIE2010.com/
BestinBaking.php.

Barilla evaluating offers
for Kamps Bakeries
MILAN - Barilla Holdings
S.p.A. is evaluating offers
for its retail baking business,
Kamps GmbH, according to
Bloomberg News. Guido Barilla, chairman of Barilla, told
Bloomberg, "It isn't a strategic
business. It is worth a lot, and
we aren't interested in giving it away." Barilla sought to
sell Kamps, which operates
900 bakery shops, a year ago
but was not successful. Barilla
acquired Kamps and Lieken,
a major German baking company, in 2002 for $2.3 billion.
Commenting on U.S. results
for Barilla in 2009, the company said volume was up 6% and
sales were up 12%. The company said its share of the U.S.
market rose in 2009 to 28%, up
one percentage point.

Severe weather hinders
Cosi results
DEERFIELD, ILL. - Severe
winter weather across several
East coast markets contributed to a loss of $3,054,000 in
the first quarter ended March
29 at Cosi Inc. This compared
with a loss of $3,326,000 in the
first quarter of fiscal 2009. Total
revenues fell 4% to $27,599,000
from $28,666,000 during the
previous year. Cosi said company-owned net restaurant
sales fell 3.7% in the quarter, to
$27,074,000. MBN

bakingbusiness.com / world-grain.com
http://www.IBIE2010.com http://www.IBIE2010.com/ http://www.mennel.com http://www.bakingbusiness.com http://www.world-grain.com
Milling & Baking News - May 18, 2010

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