Milling & Baking News - October 4, 2011 - (Page 1)

THE NEWS WEEKLY OF GRAIN-BASED FOODS OCTOBER 4, 2011 / FOOD INGREDIENT SOLUTIONS® CEREAL UPDATE Innovation back in play Reformulations, focus on health still on top of mind eformulation and health and wellness took center stage within the ready-to-eat cereal category in late 2009 and much of 2010, and three-quarters of the way through 2011 that focus has continued along with a return toward traditional new product introductions. Leading the way in the cereal category is the Kellogg Co., Battle Creek, Mich. Company executives have said the company expects to launch products that will generate about $800 million of additional sales in 2011, and several R.-T.-E. cereals R Beans, peas add to fiber inclusion strategies New ingredients offer both soluble, insoluble fiber Story on Page 23 LATE NEWS Sept. 1 wheat stocks down 12% KANSAS CITY — Wheat stored in all positions on Sept. 1, 2011, totaled 2,150 million bus, down 12% from a year earlier, the U.S. Department of Agriculture said in its Sept. 30 Grain Stocks report. On-farm wheat stocks were 641.5 million bus, down 21% from a year ago, while offfarm stocks were 1,509 million bus, down 8%. Indicated disappearance for the June-August period was 720 million bus, down 2% from the same period a year earlier. Sept. 1 durum stocks were 65 million bus, down 35% from a year earlier. JuneAugust durum disappearance was 22 million bus, down 45% from a Continued on Page 8 are expected to contribute, including Crunchy Nut, FiberPlus Caramel Pecan Crunch and Rice Krispies Gluten Free. In a September presentation at the Barclays Capital Back to School Consumer Conference, Mark Baynes, senior vice-president and chief marketing officer, said Kellogg’s focus is on “ensuring we get the right balance of ideas across the breadth of our portfolios and plans.” To that end, Kellogg has introduced products geared toward millenials Continued on Page 30 Federal judge denies Syngenta request for injunction against Bunge SIOUX CITY, IOWA — A federal court has denied a motion by Syngenta Seeds, Inc. to enjoin Bunge North America Inc. from refusing to accept Syngenta’s Agrisure Viptera corn. The lawsuit, which was filed Aug. 19 in the U.S. District Court, Northern District of Iowa, Western Division, had drawn widespread attention across the grain handling industry. Reacting to the decision by Judge Mark W. Bennett, Bunge said, “This ruling is consistent with and validates Bunge’s decision to reject Agrisure Viptera corn at all of our locations as a legitimate and reasonable business decision. “In rejecting Syngenta’s request, the court said the public interest would best be served ‘…in fostering export markets for United States corn, in allowing business to make legitimate business decisions, and in allocating the risk of commercialization of a new transgenic corn trait upon the party that commercialized the trait…’ “We believe that the court will not vary from the opinion denying the preliminary injunction and will ultimately confirm its ruling that Syngenta’s case is without merit. We believe the court’s final ruling will further validate the actions Bunge took Continued on Page 12

Table of Contents for the Digital Edition of Milling & Baking News - October 4, 2011

Milling & Baking News - October 4, 2011