Milling & Baking News - January 21, 2014 - (Page 1)

THE NEWS WEEKLY OF GRAIN-BASED FOODS JANUARY 21, 2014 / WASHINGTON Stock Market Analysis Analysts offer dose of reality after 2013 food share gains Trade deals: M.T.N.s or F.T.A.s? Story on Page 28 LATE NEWS Philadelphia Macaroni acquires Unilever plant PHILADELPHIA - Philadelphia Macaroni Co. has agreed to acquire the Harrisburg, Pa., pasta plant owned by Unilever. The transaction is expected to close before the end of March. With a long-term supply agreement, Philadelphia Macaroni will continue to produce pasta products for the Unilever dry soups and side dish business in North America. Specifically, the Harrisburg plant makes pasta for the Knorr Pasta Sides and Lipton Soup Secrets products. The plant has about 50 employees, and Philadelphia Macaroni said they would be offered positions. "The Harrisburg plant was recently updated Continued on Page 8 NEW YORK - The best stock market price performance in 13 years by grain-based foods companies should not obscure challenges facing the sector as 2014 begins, Wall Street analysts said recently in interviews by Milling & Baking News. Weak volume trends and threats of price deflation are two factors making investment professionals wary of the stock market outlook for food companies going into the new year. "We are neutral on the group relative to the market," said Eric Katzman, an equity research analyst at Deutsche Bank, New York. "I think you will need to be very selective." Among causes for serious concern for packaged food companies has been the lack of a rebound in top-line growth. "The biggest negative surprise for packaged food names last year was that sales growth was disappointingly weak," said Robert Moskow, an analyst with Credit Suisse, New York. "U.S. consumers remained very cautious. They did not increase volume Continued on Page 22 Winter wheat planted area down 3% from 2013 WASHINGTON - The National Agricultural Statistics Service of the U.S. Department of Agriculture on Jan. 10 estimated the area planted to winter wheat for harvest this year at 41,892,000 acres, down 3% from 43,090,000 acres a year ago but up 2% from 41,224,000 acres in 2012. Planted area of hard red winter wheat was estimated at 30.1 million acres, up 2% from a year ago. The U.S.D.A. said in commentary accompanying the planting estimate, "Acreage changes from last year are mixed across the growing region. Growers in Colorado, Montana and North Dakota planted significantly more acres this year while large acreage decreases occurred in Kansas, Oklahoma and South Dakota. Record-low acreage was seeded in Utah. In contrast, North Dakota growers seeded a record-large area." The Colorado seeded area was estimated at 2,900,000 acres, up 26% from 2,300,000 acres in 2013 and the largest since 1997, when Colorado growers Continued on Page 18

Table of Contents for the Digital Edition of Milling & Baking News - January 21, 2014

Milling & Baking News - January 21, 2014
Stock Market Analysis - Analysts offer dose of reality after 2013 food share gains
Winter wheat planted area down 3% from 2013
Late News - Philadelphia Macaroni acquires Unilever plant
Table of Contents
News/Comment - Shifts in consumption trends point to new foods, technologies
Editorial - Ending waste as world food answer
Late News
Business - Chipotle entering pizza with Pizzeria Locale fast casual concept
Krispy Kreme eyes ‘more rapid’ growth for U.S. operations
Monsanto making progress with bioengineered wheat
Market research data indicate moderate in-store bakery growth
Flowers pursuing majority vote standard for directors
Great progress cited in effort to cut calories reaching marketplace
Data - C.P.I. for baked foods, cereals posts small advance in 2013
White pan bread, whole wheat higher in December
Financial Results - Cargill quarterly earnings rise as crop conditions improve
CHS earnings tumble in first quarter
Industry Activities - Nutrition expert endorses enriched grains at Guidelines meeting
A.B.A. names vice-chair for HR Committee
Ontario researchers to study winter-wheat gluten
Merchandising - Bimbo Bakeries donating 100,000 loaves to food banks
Pizza Hut testing by-the-slice service
Washington - Trade deals: M.T.N.s or F.T.A.s?
Weather Outlook - Critical dryness expanding in southern Argentina
People - Allard promoted to vice-president, c.f.o. of Bunge North America
Shawn Keavy joins Muffin Town as research and development manager
Packaging industry veteran joins Harpak-ULMA in sales position
Greg Petray, former NutraSweet executive, named c.e.o of J.R. Short
Rick Oleshak to AB Mauri as vice-president of marketing
Douglass, Anderson and Meggs promoted at Corbion
Two up at Lundberg Family Farms
International - Canada’s new canola goal: 26 million tonnes by 2025
Ingredient Market Trends - Ample wheat supplies seen through end of 2013-14
Ingredient Week
Supplier Innovations
Marketplace Business Network
Ad Index

Milling & Baking News - January 21, 2014