Milling & Baking News - October 19, 2010 - (Page 1)

THE NEWS WEEKLY OF GRAIN-BASED FOODS OCTOBER 19, 2010 / REGULATORY AFFAIRS Transportation and Distribution Higher fuel prices, larger crops boost grain transportation costs L A responsible operation follows the money Story on Page 26 LATE NEWS Study assesses value of nutrient information WASHINGTON - Calories, saturated fat, trans fat and sodium should be the nutrients highlighted on frontof-package nutrition rating systems and symbols, according to a report issued last week by the Institute of Medicine. The I.O.M. said limited space on package fronts as well as the presence of the Nutrition Facts Panel on the backs of all products makes it less crucial for rating systems and symbols to focus on other components, such as cholesterol, fiber, added sugars or vitamins. "Calories, saturated fat, trans fat and sodium present the most serious diet-related risks to people's health, and many Continued on Page 8 arge U.S. soybean and corn crops and strong exports are expected to tax transportation capacities this fall, especially with storage options limited in many areas. Increased demand for grain shipping services and rising fuel prices already have pushed transportation costs higher. And as occurred during the height of winter and spring wheat harvests, rail deliveries of grain and oilseeds are expected to lag as the fall harvest progresses. Adding to concerns about fall grain transportation is the record early harvest of soybeans and especially of corn compared with last year's late harvest. As of Oct. 10, corn in the 18 largest producing states was 51% harvested, far ahead of 13% at the same time last year and well ahead of 30% as the 2005-09 average for the date, the U.S. Department of Agriculture said in its Oct. 13 Weekly Weather and Crop Bulletin. Soybeans in the 18 major states were 67% combined as of Oct. 10, well ahead of 22% last year and 48% as the five-year average. The grain sorghum harvest reached 52% completed in the 11 major states, also ahead of 33% a year ago and 43% as the average, the U.S.D.A. said. "Warm weather, sunshine, and Continued on Page 22 Ethanol move seen prompting price volatility in grain markets WASHINGTON - A decision by the Environmental Protection Agency to allow the sale of gasoline containing 15% ethanol for cars made in the 2007 model year or later has drawn vigorous opposition from the American Bakers Association. "E.P.A.'s decision to increase the ethanol blend to E15 will further increase volatility in the grain markets," said Robb MacKie, president and chief executive officer of the A.B.A. "Other grains, includ- ing wheat, may increasingly be in shorter supply; potentially this may impact food prices in the future as the nation continues to lose wheat acreage. A.B.A. strongly opposes this ill-advised decision and calls on E.P.A. to consult with relevant government agencies to carefully study how this would impact market volatility, to review the science behind the decision and analyze the economic impact on the already weakened economy." The A.B.A. warned that already the United States has a finite area cultivable for farming. "Where will the land come from to grow more food crops as well as to meet new ethanol mandates?" the bakers asked. On Oct. 13, the Environmental Protection Agency granted a partial waiver to Continued on Page 28

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Milling & Baking News - October 19, 2010