Milling & Baking News - April 30, 2013 - (Page 1)

THE NEWS WEEKLY OF GRAIN-BASED FOODS APRIL 30 , 2013 / SPECIAL INSERT Signature Interview Jim Meyer provides a steady hand at the NAMA helm AIB Annual Report Insert after Page 32 LATE NEWS Strong first-quarter earnings for Bunge WHITE PLAINS, N.Y. — Net income at Bunge Ltd. in the first quarter ended March 31 totaled $170 million, equal to $1.15 per share on the common stock, up 102% from $84 million, or 57c per share, in the same period a year ago. Net sales during the first quarter of fiscal 2013 were $14,785 million, up 15% from $12,909 million in the first quarter of fiscal 2012. “We had a solid first quarter,” said Alberto Weisser, chairman and chief executive officer. “Our agribusiness team performed well, managing risk in a volatile market environment characterized by tight global supplies and challenging Brazilian logistics. We are Continued on Page 8 PALM COAST, FLA. — Jim Meyer, president and chief executive officer, Italgrani U.S.A., St. Louis, had no idea last October, when he was elected vice-chairman of the North American Millers’ Association, that circumstances would thrust him into the leadership of the trade association at a critical juncture. Within the span of but a few weeks early this year, the Meyer association lost both its chairman and its president. Greg Schlafer, formerly vice-president of the Bakeries and Foodservice Division of General Mills, Inc., Minneapolis, who was elected NAMA chairman at the same annual meeting where Mr. Meyer was elected vice-chairman, resigned his post in early January after accepting a position with ConAgra Foods that pulled him out of the milling industry, and Mary Waters on Jan. 28 resigned her position as NAMA president after having served in that capacity since April 2010. But NAMA always has been a resilient organization supported by committed and stalwart members. What it required was a steady hand to guide the leadership transition while ensuring NAMA didn’t skip a beat with regard to representing the milling industry’s interests in Washington. That Continued on Page 14 Bright outlook for Expo among many positives seen for A.B.A. AVENTURA, FLA. — Exhibitor space sales for the International Baking Industry Exposition set for Oct. 6-9 in Las Vegas are nearly at the budgeted target and have significantly outpaced sales from three years ago, said R. Jack Lewis Jr., president of Lewis Brothers Bakeries, Inc., Evansville, Ind. Speaking April 21, Mr. Lewis offered an upbeat outlook for the 2013 Baking Expo when he addressed the all membership meeting of the American Bakers Association. The meeting was part of the A.B.A. annual convention April 21-24 at the Turnberry Isle Resort in Aventura. Speaking to A.B.A. members, Mr. Lewis was a late fill-in for I.B.I.E. co-chair Mike Beatty. Mr. Beatty, executive vice-president of supply chain at Flowers Foods, Inc., Thomasville, Ga., was unable to attend because of a family illness. Days before the A.B.A. meeting, exhibitor space sales were $6,800,767 for the 2013 show, Mr. Lewis said, equating to 97% of budgeted final sales. “The figures have been updated since these came out, and we’re now 99% of the way to our budget,” he said. “We’re much further along than we were three years ago.” In remarks to open the membership Continued on Page 28

Table of Contents for the Digital Edition of Milling & Baking News - April 30, 2013

Milling & Baking News - April 30, 2013
Signature Interview - Jim Meyer provides a steady hand at the NAMA helm
Bright outlook for Expo among many positives seen for A.B.A.
Late News - Strong first-quarter earnings for Bunge
Table of Contents
News/Comment - Much to consider in A.B.A. analysis of demand trends
Editorial - Flour use numbers have varied meaning
Late News
Business - Hostess to reopen four bakeries, relaunch snack cakes this summer
Canada Bread to close snack cake baking plant in Quebec
Flowers unveils new look for Mrs. Freshley’s snack cakes
Grupo Bimbo U.S. operations much more profitable in first quarter
ADM to acquire Australia’s GrainCorp for $3.5 billion
Financial Results - CSM B.S.N.A. profits down narrowly; divestment process continues
PepsiCo Americas Foods off to solid start in fiscal 2013
Protein bars, popcorn bowls make I.R.I. Pacesetters list
Education and Research - Millet grains show promise in boosting nutrition
Data - C.P.I. for baked foods, cereals again rises 0.1%
White bread price rises, whole wheat price falls in March
Industry Activities -‘Grain Brain’ moves focus of bread bashing to brain from heart
Perlmutter backgrounder – no stranger to controversy
Grain foods industry becomes more proactive with regard to faddists
A.B.A. supports position limits on index funds
BEMA event to feature talks by Aryzta, Wal-Mart and Nestle execs
Kansas wheat groups plan coordinated research
Food Ingredient Solutions - Fiber for breakfast
Fiber studies focus on bowel health, satiety and calcium absorption
5 trends in American breakfasts
Tortilla Update - A tortilla takeover
Regulatory Affiars - New regulations will cost money
Weather Outlook - Cold weather brings chain reaction of weather anomalies
People - Seaboard Corp. director, former executive vice-president, dies
Milner Milling and Pendleton Flour Mills in sales team additions
B.B.U. executive joins Roman Meal as v.p. of customer collaboration
Founder of Shaffer Manufacturing dies
Merchandising - Pasta association rolls out digital marketing campaign
Supplier Innovations
Ingredient Market Trends - Canadian farmers plan to expand wheat area, trim canola plantings
Ingredient Week
Marketplace Business Network
Ad Index
AIB International - 2012 Annual Report
Presidents' letters
New president has distinguished experience in food industry
School of baking expands international outreach, educational offerings
Ken Embers retires
Baking industry taking keen interest in Food Safety 360
Olewnik, Lopez promoted to new positions
Re-setting the standard
Administration’s ability to adapt remains key to future growth
Research and technical services
Research and technical services provides new bulletins
Customer relations serve as solid foundation at AIB
David Murphy to serve as chairman of AIB Board of Trustees
Security testing program helps clients identify weakness
Membership program expanded

Milling & Baking News - April 30, 2013