Milling & Baking News - September 17, 2013 - 1

THE NEWS WEEKLY OF GRAIN-BASED FOODS
SEPTEMBER 17, 2013

bakingbusiness.com / foodbusinessnews.net

Bread Industry Perspective

SIGNATURE INTERVIEW

Easing headwinds in challenging,
rapidly changing bread market

E
Weisser shares a
major management
plus in decision to
take Bunge public
Story on Page 22

LATE NEWS

Krispy Kreme approach
to wholesale changing
WINSTON-SALEM, N.C. — Krispy
Kreme Doughnuts, Inc., which has
its roots delivering donuts to local
grocery stores in the 1930s, slowly is
transitioning away from the wholesale business, said James H. Morgan
Jr., chairman, president and chief executive officer. The company does not
plan to abandon the wholesale part
of the business, but it is changing its
approach, Mr. Morgan said. In a presentation at the CL King & Associates
Inc. Best Ideas Conference held Sept.
11 in New York. Mr. Morgan said
wholesale, for all its pluses, “kills the
margins.” He said Krispy Kreme is
not awarding wholesale rights to any
Continued on Page 8

ven as the bread and rolls category
has remained under pressure over
the past year, conditions have not
been as severe as was the case a year
earlier. The improving trend emerged
in a year of extraordinary change for the
commercial baking industry.
Scanner data issued recently by Information Resources, Inc., a Chicago-based
market research firm, show unit sales
of fresh bread and rolls in the 52 weeks
ended Aug. 11 totaled 5,841,893,000,
down 0.78% from a year earlier. In the
case of fresh bread alone, unit sales were
3,820,665,000, down 1.32% from the year
before. The data were gathered from
supermarkets, drugstores, mass market
retailers, military commissaries and certain club and dollar retail chains.
While the bread and rolls decline

of 0.78% was hardly something to
celebrate, the shrinkage was smaller
than the 1.7% drop in 2012 or the jarring 4.2% decline in 2011. Additionally, while bread and rolls stood out
as among the worst performing categories in 2011, the results in 2013 do
not make the category an outlier. Unit
sales of milk were down 1.3%, readyto-eat cereal was down 1.77% and
Continued on Page 33

2013 corn crop forecast raised
80 million bus from August
WASHINGTON — U.S. 2013 corn production was forecast at 13,843,320,000
bus, up 80,295,000 bus, or about 0.6%,
from 13,763,025,000 bus forecast in August and up 28% from 10,780,296,000 bus
in 2012, the U.S. Department of Agriculture said in its Sept. 12 Crop Production
report. Soybean production was forecast
at 3,149,166,000 bus, down 106,278,000
bus, or about 3%, from 3,255,444,000
bus forecast last month but up 4% from
3,014,998,000 bus last year.

If realized, corn production would
be record high and soybean production
would be the fourth largest on record,
the U.S.D.A. said. Wheat production estimates will be updated in the U.S.D.A.’s
Sept. 30 Small Grains Summary.
The U.S.D.A. corn number was above
the average pre-report trade estimate of
13,646 million bus. The soybean number
matched the pre-report average of about
3,149 million bus.
New crop corn futures prices dropped
about 10c a bu immediately after the report was released at 11:00 a.m. Central
Time, while soybean futures were mixed
but mostly higher.
Based on Sept. 1 conditions, corn yield
was forecast at 155.3 bus an acre, up 0.9
bus from 154.4 bus an acre forecast in
August and up 31.9 bus from 123.4 bus
Continued on Page 45


http://www.bakingbusiness.com http://www.foodbusinessnews.net

Milling & Baking News - September 17, 2013

Table of Contents for the Digital Edition of Milling & Baking News - September 17, 2013

Milling & Baking News - September 17, 2013
Bread Industry Perspective - Easing headwinds in challenging, rapidly changing bread market
2013 corn crop forecast raised 80 million bus from August
Late News - Krispy Kreme approach to-eat cereal was down 1.77% and to wholesale changing
Table of Contents
News/Comment - Data capture amazing year of change in baking
Editorial - Synthetic Hexaploid Wheat may win
Late News
Business - Star-studded panel highlights E.L.D.C. forum at Baking Expo
Bay State buys California supplier of specialty whole grain flour
With 27% growth rate, gluten-free sales in Canada top $450 million in 2012
With softness in consumer foods business, ConAgra lowers guidance
7-Eleven in pact to offer branded Pillsbury baked cinnamon rolls
Nabisco debuts gluten-free rice thins
Arizona-based pasta maker expands facility, adds gluten-free line
Allen Shiver sees bakery deli as future opportunity for Flowers
Bunge to shed stake in Moroccan fertilizer joint venture formed in ’08
B&G Foods moves full steam down snack foods track
California supermarket to add Schwartz Brothers baked goods
Education and Research - Gill calls federal wheat research funding ‘extraordinary
Financial Results - Krispy Kreme executives do not see ingredient cost headwinds looming
Signature Interview - Weisser shares major management plus in decision to take Bunge public
Bunge i.p.o. part of sea change across entire grain industry
Global grain industry must change to address major challenges
International - Disease-resistant wheat varieties debut in Kenya
Washington - F.D.A. sees no short-term adverse health effects of arsenic in rice
A farm bill divided
Data - U.S.D.A. raises 2014 wheat ending stocks forecast to 561 million bus
World wheat ending stocks forecast for 2013-14 raised 2%
Exports and Trade Issues - World flour exports rebound but still below peak of 2011-12
Nutrition and Health - Percentage of food insecure households ‘essentially unchanged’ in 2012
Study: Pectin, inulin most effective fat replacers in cakes
Ingredient Market Trends - Australia forecasts 2013-14 wheat crop at 24.5 million tonnes
Ingredient Week
Supplier Innovations
Classifieds
Marketplace Business Network
Ad Index
Archive
Milling & Baking News - September 17, 2013 - Late News - Krispy Kreme approach to-eat cereal was down 1.77% and to wholesale changing
Milling & Baking News - September 17, 2013 - 2
Milling & Baking News - September 17, 2013 - 3
Milling & Baking News - September 17, 2013 - News/Comment - Data capture amazing year of change in baking
Milling & Baking News - September 17, 2013 - 5
Milling & Baking News - September 17, 2013 - 6
Milling & Baking News - September 17, 2013 - Editorial - Synthetic Hexaploid Wheat may win
Milling & Baking News - September 17, 2013 - Late News
Milling & Baking News - September 17, 2013 - 9
Milling & Baking News - September 17, 2013 - With 27% growth rate, gluten-free sales in Canada top $450 million in 2012
Milling & Baking News - September 17, 2013 - 11
Milling & Baking News - September 17, 2013 - Arizona-based pasta maker expands facility, adds gluten-free line
Milling & Baking News - September 17, 2013 - 13
Milling & Baking News - September 17, 2013 - 14
Milling & Baking News - September 17, 2013 - Bunge to shed stake in Moroccan fertilizer joint venture formed in ’08
Milling & Baking News - September 17, 2013 - B&G Foods moves full steam down snack foods track
Milling & Baking News - September 17, 2013 - California supermarket to add Schwartz Brothers baked goods
Milling & Baking News - September 17, 2013 - Education and Research - Gill calls federal wheat research funding ‘extraordinary
Milling & Baking News - September 17, 2013 - 19
Milling & Baking News - September 17, 2013 - 20
Milling & Baking News - September 17, 2013 - Financial Results - Krispy Kreme executives do not see ingredient cost headwinds looming
Milling & Baking News - September 17, 2013 - Signature Interview - Weisser shares major management plus in decision to take Bunge public
Milling & Baking News - September 17, 2013 - 23
Milling & Baking News - September 17, 2013 - Bunge i.p.o. part of sea change across entire grain industry
Milling & Baking News - September 17, 2013 - 25
Milling & Baking News - September 17, 2013 - Global grain industry must change to address major challenges
Milling & Baking News - September 17, 2013 - 27
Milling & Baking News - September 17, 2013 - 28
Milling & Baking News - September 17, 2013 - 29
Milling & Baking News - September 17, 2013 - International - Disease-resistant wheat varieties debut in Kenya
Milling & Baking News - September 17, 2013 - 31
Milling & Baking News - September 17, 2013 - 32
Milling & Baking News - September 17, 2013 - 33
Milling & Baking News - September 17, 2013 - 34
Milling & Baking News - September 17, 2013 - 35
Milling & Baking News - September 17, 2013 - 36
Milling & Baking News - September 17, 2013 - 37
Milling & Baking News - September 17, 2013 - 38
Milling & Baking News - September 17, 2013 - 39
Milling & Baking News - September 17, 2013 - 40
Milling & Baking News - September 17, 2013 - 41
Milling & Baking News - September 17, 2013 - Washington - F.D.A. sees no short-term adverse health effects of arsenic in rice
Milling & Baking News - September 17, 2013 - 43
Milling & Baking News - September 17, 2013 - A farm bill divided
Milling & Baking News - September 17, 2013 - Data - U.S.D.A. raises 2014 wheat ending stocks forecast to 561 million bus
Milling & Baking News - September 17, 2013 - World wheat ending stocks forecast for 2013-14 raised 2%
Milling & Baking News - September 17, 2013 - Exports and Trade Issues - World flour exports rebound but still below peak of 2011-12
Milling & Baking News - September 17, 2013 - Study: Pectin, inulin most effective fat replacers in cakes
Milling & Baking News - September 17, 2013 - Ingredient Market Trends - Australia forecasts 2013-14 wheat crop at 24.5 million tonnes
Milling & Baking News - September 17, 2013 - Ingredient Week
Milling & Baking News - September 17, 2013 - 51
Milling & Baking News - September 17, 2013 - 52
Milling & Baking News - September 17, 2013 - 53
Milling & Baking News - September 17, 2013 - 54
Milling & Baking News - September 17, 2013 - 55
Milling & Baking News - September 17, 2013 - 56
Milling & Baking News - September 17, 2013 - Supplier Innovations
Milling & Baking News - September 17, 2013 - Classifieds
Milling & Baking News - September 17, 2013 - Marketplace Business Network
Milling & Baking News - September 17, 2013 - 60
Milling & Baking News - September 17, 2013 - Ad Index
Milling & Baking News - September 17, 2013 - Archive
Milling & Baking News - September 17, 2013 - 63
Milling & Baking News - September 17, 2013 - 64
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https://www.nxtbook.com/sosland/mbn/2015_11_10
https://www.nxtbook.com/sosland/mbn/2015_10_27
https://www.nxtbook.com/sosland/mbn/2015_10_13
https://www.nxtbook.com/sosland/mbn/2015_09_29
https://www.nxtbook.com/sosland/mbn/2015_09_15
https://www.nxtbook.com/sosland/mbn/2015_09_01
https://www.nxtbook.com/sosland/mbn/2015_08_18
https://www.nxtbook.com/sosland/mbn/2015_08_04
https://www.nxtbook.com/sosland/mbn/2015_07_21
https://www.nxtbook.com/sosland/mbn/2015_07_07
https://www.nxtbook.com/sosland/mbn/2015_06_23
https://www.nxtbook.com/sosland/mbn/2015_06_09
https://www.nxtbook.com/sosland/mbn/2015_05_26
https://www.nxtbook.com/sosland/mbn/2015_05_12
https://www.nxtbook.com/sosland/mbn/2015_04_28
https://www.nxtbook.com/sosland/mbn/2015_04_014
https://www.nxtbook.com/sosland/mbn/2015_03_31
https://www.nxtbook.com/sosland/mbn/2015_03_17
https://www.nxtbook.com/sosland/mbn/mbn/2015_03__03
https://www.nxtbook.com/sosland/mbn/2015_02_17
https://www.nxtbook.com/sosland/mbn/2015_02_03
https://www.nxtbook.com/sosland/mbn/2015_01_20
https://www.nxtbook.com/sosland/mbn/2015_01_06
https://www.nxtbook.com/sosland/mbn/2014_12_23
https://www.nxtbook.com/sosland/mbn/2014_12_09
https://www.nxtbook.com/sosland/mbn/mbn_2014_11_25
https://www.nxtbook.com/sosland/mbn/2014_11_11
https://www.nxtbook.com/sosland/mbn/2014_10_28
https://www.nxtbook.com/sosland/mbn/2014_10_14
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https://www.nxtbook.com/sosland/mbn/2014_09_02
https://www.nxtbook.com/sosland/mbn/214_08_19
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https://www.nxtbook.com/sosland/mbn/2014_07_22
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https://www.nxtbook.com/sosland/mbn/2014_06_24
https://www.nxtbook.com/sosland/mbn/2014_06_10
https://www.nxtbook.com/sosland/mbn/2014_05_27
https://www.nxtbook.com/sosland/mbn/2014_05_13
https://www.nxtbook.com/sosland/mbn/2014_04_29
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https://www.nxtbook.com/sosland/mbn/2014_03_18
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https://www.nxtbook.com/sosland/mbn/2014_02_18
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https://www.nxtbook.com/sosland/mbn/2014_01_21
https://www.nxtbook.com/sosland/mbn/2014_01_07
https://www.nxtbook.com/sosland/mbn/2013_12_24
https://www.nxtbook.com/sosland/mbn/2013_12_10
https://www.nxtbook.com/sosland/mbn/2013_11_26
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https://www.nxtbook.com/sosland/mbn/2013_09_17
https://www.nxtbook.com/sosland/mbn/2013_09_03
https://www.nxtbook.com/sosland/mbn/2013_08_20
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https://www.nxtbook.com/sosland/mbn/2013_07_23
https://www.nxtbook.com/sosland/mbn/2013_07_09
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https://www.nxtbook.com/sosland/mbn/2013_05_28
https://www.nxtbook.com/sosland/mbn/2013_05_14
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https://www.nxtbook.com/sosland/mbn/2013_03_19
https://www.nxtbook.com/sosland/mbn/2013_03_05
https://www.nxtbook.com/sosland/mbn/2013_02_19
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https://www.nxtbook.com/sosland/mbn/2013_01_22
https://www.nxtbook.com/sosland/mbn/2013_01_08
https://www.nxtbook.com/sosland/mbn/2012_12_25
https://www.nxtbook.com/sosland/mbn/2012_12_11
https://www.nxtbook.com/sosland/mbn/2012_11_27
https://www.nxtbook.com/sosland/mbn/2012_11_13
https://www.nxtbook.com/sosland/mbn/2012_10_30
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https://www.nxtbook.com/sosland/mbn/2012_09_18
https://www.nxtbook.com/sosland/mbn/2012_09_04
https://www.nxtbook.com/sosland/mbn/2012_08_21
https://www.nxtbook.com/sosland/mbn/2012_08_07
https://www.nxtbook.com/sosland/mbn/2012_07_24
https://www.nxtbook.com/sosland/mbn/2012_07_10
https://www.nxtbook.com/sosland/mbn/2012_06_26
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https://www.nxtbook.com/sosland/mbn/2012_01_24
https://www.nxtbook.com/sosland/mbn/2012_01_10
https://www.nxtbook.com/sosland/mbn/2011_12_27
https://www.nxtbook.com/sosland/mbn/2011_12_13
https://www.nxtbook.com/sosland/mbn/2011_11_29
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https://www.nxtbook.com/sosland/mbn/2011_10_18
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https://www.nxtbook.com/sosland/mbn/2011_09_20
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https://www.nxtbook.com/sosland/mbn/2011_08_23
https://www.nxtbook.com/sosland/mbn/2011_08_09
https://www.nxtbook.com/sosland/mbn/2011_07_26
https://www.nxtbook.com/sosland/mbn/2011_07_12
https://www.nxtbook.com/sosland/mbn/2011_06_28
https://www.nxtbook.com/sosland/mbn/2011_06_14
https://www.nxtbook.com/sosland/mbn/2011_05_31
https://www.nxtbook.com/sosland/mbn/2011_05_17
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https://www.nxtbook.com/sosland/mbn/2011_04_19
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https://www.nxtbook.com/sosland/mbn/2011_03_22
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https://www.nxtbook.com/sosland/mbn/2011_02_22
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https://www.nxtbook.com/sosland/mbn/2011_01_25
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https://www.nxtbook.com/sosland/mbn/2010_12_28
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https://www.nxtbook.com/sosland/mbn/2010_09_21
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https://www.nxtbook.com/sosland/mbn/2010_03_23
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https://www.nxtbook.com/sosland/mbn/2010_02_23
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https://www.nxtbook.com/sosland/mbn/2009_04_07
https://www.nxtbook.com/sosland/mbn/2009_03_24
https://www.nxtbook.com/sosland/mbn/2009_03_10
https://www.nxtbook.com/sosland/mbn/2009_02_24
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https://www.nxtbook.com/sosland/mbn/2008_04_22
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https://www.nxtbook.com/sosland/mbn/2004_03_16
https://www.nxtbook.com/sosland/mbn/2004_03_09
https://www.nxtbook.com/sosland/mbn/2004_03_02
https://www.nxtbook.com/sosland/mbn/2004_02_24
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https://www.nxtbook.com/sosland/mbn/2003_11_25
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