Milling & Baking News - March 8, 2011 - (Page 1)

THE NEWS WEEKLY OF GRAIN-BASED FOODS MARCH 8, 2011 bakingbusiness.com / foodbusinessnews.net NEWS Bioengineered wheat prospects for Japan draw strong industry response KANSAS CITY — A keynote presentation on the Japanese view of bioengineered wheat elicited spirited discussion in its aftermath at the Wheat Quality Council annual meeting, held Feb. 16-17 at the KCI Embassy Suites hotel in Kansas City. The presentation, provided by Jeffrey Smyth of Database Analysts Ltd., painted the picture of a U.S. wheat industry that perhaps is not well positioned — or maybe not willing — to meet the demands of the Japanese export market. The view was not shared by all participants in attendance. As a renewed groundswell pushing for the introduction of bioengineered wheat takes hold, Mr. Smyth in his talk cautioned that Japan may not Pepperidge Farm introducing Goldfish sandwich bread Story on Page 9 LATE NEWS Einstein Noah net falls 88% in fiscal 2010 LAKEWOOD, COLO. — Net income at Einstein Noah Restaurant Group, Inc. fell 88% in the year ended Dec. 28, 2010, to $11,308,000, equal to 68c per share on the common stock. Net sales in fiscal 2010, meanwhile, rose 0.8% to $411,711,000 from $408,562,000. The company’s fourth-quarter income rose 28% to $3,598,000, or 22c per share, behind continued emphasis on fresh-baked goods and new product innovation that drove traffic. “For 2011, we expect to maintain that focus by leveraging our strengths within our core bagel/breakfast and healthy innovation, while promoting premium sandwiches, add-on Continued on Page 8 be willing to simply go along for the ride, posing resistance and, ultimately, business risk for U.S. companies looking to move wheat to the country. “I want you to understand that the Japanese industry’s opposition Continued on Page 12 Normal spring weather critical to winter wheat rebound KANSAS CITY — The assertion that spring and not winter weather exerts greater sway in determining yields and fates of winter wheat crops will receive quite a test this season with the hard winter wheat crop of the Southwest expected to emerge from dormancy with some of the lowest condition ratings in years. The transition from dormancy comes at a time when wheat prices, while off significantly from recent highs, remain far above historical averages. The varied potential outcomes for the crop could translate into wildly differing paths for wheat markets in the weeks and months ahead. Drought conditions across western sections of the hard winter wheat belt prevented the crop there from being well established before the onset of winter. The winter itself has been harsh. While eastern areas of the hard winter belt received adequate or even above average precipitation during the past several weeks, western areas were skipped over by most snowstorms, which often left fields there bare or nearly so during all-too-frequent incursions of arctic air. The result was steadily deteriorating crop condition ratings in some key states. At the same time, one southwestern miller observed “the trade has areas of Continued on Page 41 http://www.bakingbusiness.com http://www.foodbusinessnews.net

Table of Contents for the Digital Edition of Milling & Baking News - March 8, 2011

Milling & Baking News - March 8, 2011
Einstein Noah net falls 88% in fi scal 2010
Bioengineered wheat prospects for Japan draw strong industry response
Normal spring weather critical to winter wheat rebound
Contents
Could ethanol use be cause of wheat weakness
Arab revolution of great importance for bread
Kellogg invests in sustainable palm oil
Cargill expanding Alberta, Minn., facility
U.S.D.A. offering states school nutrition grants
Food Channel identifi es breakfast trends
Pepperidge Farm introducing Goldfi sh sandwich bread
Flowers Bakeries closing baking facility in Bluefi eld, W.V.
Consumers mistaken on food sources of fi ber
General Mills, TV doctor promote whole grains
Bioengineered wheat prospects for Japan draw strong industry response
Bakers join diverse coalition in opposition to ethanol subsidies
Acquisitions lead the way for earnings gains at Ralcorp
Grupo Bimbo U.S. profi ts down in year while sales decline 4%
Canada Bread earnings drop in year
NutraCea gives 2009 results, expects to fi le 2010
Strong track record leaves global cereal market poised for more growth
U.S. wheat supplies forecast to tighten and prices to rise in 2011-12
Record corn crop and near record soybean outturn forecast in 2011
Gluten-free category steams ahead
Market exists for allergen-free children’s products
Correction
Global bioengineered crop area up 10% to 148 million hectares in 2010
Groups earmark $40 million for Ug99 research
Dan Herzog promoted to compliance vice-president at Gonnella Baking
Enrique Humanes named c.e.o. of Bunge business in Argentina
MaMa Rosa’s launches line of pizzas for grilling
Stone-Buhr marks anniversary with fl our donation program
Deep in the heart of Texas
Schedule at a glance
2010 fl our output up sharply in spring wheat states, off in South
Sustainable palm oil reaches North America
Flour miller doing business as PFM
Conditioner keeps tortillas from sticking
Vita D yeast study indicates bone bioavailability
New silo works with larger and heavier equipment
Ingredient Market Trends - Normal spring weather critical to winter wheat rebound
Ingredient Week
Classifi eds
Ad Index
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