Milling & Baking News - August 9, 2011 - (Page 1)

THE NEWS WEEKLY OF GRAIN-BASED FOODS AUGUST 9, 2011 / FOOD INGREDIENT SOLUTIONS® Grain-based foods brands to be separated in Kraft split plan NORTHFIELD, ILL. — The board of directors of Kraft Foods Inc. announced last week its intent to split into two publicly-traded companies, with one focusing on its global snacks business and the other on its high-margin North American grocery business. In doing so, the company would effectively split its grain-based foods businesses, with the company’s Nabisco brands falling under the global snacks umbrella and its Kraft macaroni and cheese and other convenient meals managed under the North American grocery business. The companies are expected to be created through a tax-free spin-off of the North American grocery business to Kraft Foods shareholders. The current target for launch is before the end of 2012. “As our second-quarter results once again show, our businesses are benefiting from a virtuous cycle of growth and investment, which we fully expect The many positives of polyols Sugar replacers may provide bulk and shelf life benefits while assisting other sweeteners Story on Page 25 LATE NEWS Grain-based shares in smaller decline NEW YORK — In the worst one-day stock market decline since the heart of the 2008-09 recession, grain-based foods shares lost ground but not as much as the overall market. The Grain-based Foods Share Index, as calculated by Milling & Baking News, fell 344.09 points, or 2.9%, closing Aug. 4 at 11378.13. The decline compared with drops of 4.3% for the Dow Jones average of industrial shares; 4.8% for the S&P 500; and 5.1% for Nasdaq. And while the broader indexes ended Aug. 4 down for the year to date, grain-based shares were up almost exactly 100 points, or 1%, from 11278.36. Still, the Grain-based Continued on Page 8 will continue,” said Irene Rosenfeld, chairman and chief executive officer. “We have built two strong, but distinct, portfolios. Our strategic actions have put us in a position to create two great Continued on Page 9 With end of flour production report nigh, NAMA scrambles to maintain WASHINGTON — For the last 85 years, the federal government has regularly gathered and published U.S. flour milling production data. From the perspective of Mary K. Waters, president of the North American Millers’ Association, an abrupt decision earlier this year by the Bureau of the Census to halt this data gathering could not be more poorly timed. Ms. Waters said the federal debt crisis in Washington has upended the normal channels that have been traditionally available for the public to try to preserve government programs of value. As a result, she told Milling & Baking News, the millers are anxiously exploring a wide range of options to ensure that the data continue to be collected and made available without interruption. While hopeful, even optimistic, that a successful resolution will be reached, Ms. Waters said the current environment in Washington is a difficult one, that the dislocations that have characterized the budget negotiations have reached the level of flour production data gathering. “It’s such a challenging year for this to happen,” she said. “The federal budget picture is so up in the air, it’s been more difficult than usual to deal with this on Continued on Page 12

Table of Contents for the Digital Edition of Milling & Baking News - August 9, 2011

Milling & Baking News - August 9, 2011
Grain-based shares in smaller decline
Grain-based foods brands to be separated in Kraft split plan
With end of flour production report nigh, NAMA scrambles to maintain
Millers press hard to keep quarterly output data
Call for ‘Hovis banking’ favors bread brand
Consumers aware of fi ber, whole grain benefi ts
CHS, Cargill export j.v. may expand scope of TEMCO
Einstein earnings ease 13% in quarter
Ukraine to create world grain reserve
Grain-based foods brands to be separated in Kraft split plan
Private equity fi rm acquires MaMa Rosa’s from Plaza Belmont
Subway adding calcium and vitamin D to sandwich rolls
Joint venture to expand Cargill grain elevator
General Mills cuts jobs at Pillsbury plant in Canada
With debt ceiling raised, Congress eyes required cuts
With end of flour production report nigh, NAMA scrambles to maintain
Dunkin’ earnings fl at in quarter; stock up 46% since i.p.o.
Canada Bread adjusted earnings rise 14% in second quarter
Kellogg North America cereal sales climb 13% as category dynamics improve
Servitje revises timetable for delayed Sara Lee baking closing
New products fuel 34% earnings surge at Panera Bread
Gruma Corp. operating income down 51% in second quarter; costs up
ADM full-year earnings higher, but fourth quarter down on expenses
ADM expands river network in Romania
The many positives of polyols
A closer look at polyols
Study casts aside concerns about risks of folic acid fortification
Australian study examines durum bran in pasta
Candice Kumai named spokesperson for Pasta Fits campaign
Hostess launches Frosted Devil’s Food Cake Donettes
Van’s adds Muffi n Crowns and Waffl e Sticks
Shiver to serve as co-chairman of Grain Foods Foundation
GPC hires scientist, sales representative
I.G.C. lowers world durum forecast, tighter stocks ahead
Ingredient Week
Supplier Innovations
Marketplace Business Network
Ad Index

Milling & Baking News - August 9, 2011