Milling & Baking News - August 6, 2013 - (Page 1)

THE NEWS WEEKLY OF GRAIN-BASED FOODS AUGUST 6 , 2013 bakingbusiness.com / foodbusinessnews.net FOOD INGREDIENT SOLUTIONS® Starting new traditions U.S. researchers try growing quinoa while sorghum finds food use in gluten-free applications Story on Page 24 LATE NEWS F.D.A. defines ‘gluten-free’ WASHINGTON — The Food and Drug Administration on Aug. 2 issued a final rule defining gluten-free for voluntary food and beverage labeling. In order to use the term on its label, a food must meet all of the requirements of the definition, including that the food must contain less than 20 parts per million of gluten, according to the agency. The rule also requires foods with the claims “no gluten,” “free of gluten,” and “without gluten” to meet the definition for “gluten-free.” Food manufacturers will have a year after the rule is published to bring their labels into compliance with the new Continued on Page 8 With gains over past year, Britt sees Pepperidge poised for growth CAMDEN, N.J. — Pepperidge Farm, Inc. will continue to drive growth in snacks and baked foods behind a dual mandate of maintaining strength in core businesses and expanding into higher growth spaces, said Irene Chang Britt, senior vice-president of global baking and snacking at Campbell Soup Co. and president of Pepperidge Farm. During a July 25 meeting with investment analysts, Ms. Britt cited a number of market gains achieved in recent months, including a turnaround of its cookie business and the capture of some market share vacated by the Hostess bankruptcy last November. “For Pepperidge Farm, our core business is grounded in baked snacks and bakery,” she said. “Our baked snacks portfolio contributes around 55% of net sales and includes the iconic Goldfish brand and Milano cookie range. Our bakery portfolio makes up the balance. Its focus is around premium products, which have strong loyalty among quality seeking consumers. “We have delivered consistent sustained growth on our core range and are well-positioned to continue to do so. This will be achieved in two ways. First, we will deepen, broaden and enrich our savvy consumer connection program. Second, we will invest Continued on Page 10 January-June flour production estimates first-half record WASHINGTON — Flour production by U.S. mills in the first six months of 2013 reached a record 207,831,000 cwts, up 1.2% from 205,398,000 cwts in the first half of 2012, according to data interpolated by Milling & Baking News from statistics just released by the North American Millers’ Association (NAMA). April-June, or second quarter, production also established a new peak at 104,899,000 cwts, up 1.9% from 102,932,000 in the first quarter and 3% above 101,936,000 as interpolated production in the first quarter of 2012. Examining the overall interpolated data suggests that the current pace may even exceed the annual record that has stood since 2000. Flour production for the four quarters ended in June (July 2012-June 2013) totaled 422,797,000 cwts, topping the established annual record in 2000 of 421,270,000. While this is only an incidental statistic, it does suggest a potential for the new record. NAMA and Veris Consulting, Inc. have been gathering data on U.S. flour production as well as state and stategroupings, output of durum semolina and whole wheat flour since JulySeptember 2011 when the U.S. Census Continued on Page 34 http://www.bakingbusiness.com http://www.foodbusinessnews.net

Table of Contents for the Digital Edition of Milling & Baking News - August 6, 2013

Milling & Baking News - August 6, 2013
With gains over past year, Britt sees Pepperidge poised for growth
January-June flour production estimates first-half record
Late News - F.D.A. defines ‘gluten-free’
Table of Contents
News/Comment - Perspective on strong flour production data
Editorial - Focus to stop paranoia about bioengineered food
Late News
Last of Hostess assets to be auctioned in mid-August
European Commission clears ADM acquisition of GrainCorp
Business - Judge rules MGPI must hold annual meeting on or before Aug. 26
Uncertainty prevails in edible bean market amid tight supply picture
Carol Browner, former head of E.P.A., named to Bunge board
Siemer Milling expanding office space at Teutopolis headquarters
CME Group introduces new crop options product on hard red winter wheat futures
Financial Results - Canada Bread earnings flat in second quarter
Soft pretzel sales spur earnings, sales gains in quarter at J&J Snack
Strong Frito-Lay results pace solid profit gain at PepsiCo Americas Foods
Bunge share price falls as quarterly profit tumbles
Fred Penny: B.B.U. ‘prepared to compete’ in new market structure
B.B.U. income rises 29% in second quarter
Ingredion quarterly earnings dip amid struggles in South America
Food Ingredient Solutions - Starting new traditions
Other non-traditional grains to consider
International - U.S. tortilla business benefits Gruma
Bimbo dedicates Ecologic Depot in Mexico City
Weather Outlook - Frost fears for crops rise on North America cooling
Weston investing in innovation, including gluten-free line
Premier Foods trading profit jumps; bread division sales off slightly
Washington - As Congress takes a break, farm bill languishing until September
U.S.D.A. accepts 1.7 million acres into C.R.P.
Industry Activities - A.B.A. taps Snack Food Association exec for v.p. post
ConAgra golf event raises $110,000 to fight hunger
Ingredient Market Trends - Spring wheat harvest begins as winter wheat harvest nears its end
Ingredient Week
Supplier Innovations
Classifieds
Marketplace Business Network
Ad Index
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