Milling & Baking News - February 4, 2014 - (Page 1)

THE NEWS WEEKLY OF GRAIN-BASED FOODS FEBRUARY 4, 2014 / FOOD INGREDIENT SOLUTIONS® House of Representatives votes for Agricultural Act of 2014 Searching for the next sriracha Consider Scoville numbers, sweeteners and peak impact time when experimenting with heat flavors Story on Page 22 LATE NEWS Late surge lifts flour output to new peak WASHINGTON - Lifted by a stunning jump in fourth-quarter output, U.S. flour production in 2013 reached a new record, according to data provided by the North American Millers' Association (NAMA) as interpolated by Milling & Baking News. The total of 2013 flour production was 424,550,000 cwts, up 1% from 420,365,000 in 2012 and 0.8% above the prior peak of 421,270,000 cwts in 2000. Despite the record, the rate of grind of U.S. flour mills slipped to 89.4% of six-day capacity in 2013 from 89.5% in 2012. Additionally, it's likely that per capita consumption of flour in 2013 rose little, if at all, from the Continued on Page 8 WASHINGTON - The House of Representatives on Jan. 29 approved by a vote of 251 to 166 the Agricultural Act of 2014, the Senate-House conference report comprising an agreed farm bill to replace the Food, Conservation and Energy Act of 2008, whose extended tenure expired on Oct. 1, 2013. The conference report then was to be debated and voted upon in the Senate, which had yet to vote as of Jan. 31. If the Senate passes the Agricultural Act, the legislation will be sent to the White House for the president's signature. Indications were the president will sign the act as written, which would end a three-year congressional odyssey to hammer out a new farm law. Enactment also would prevent the resurrection of obsolete farm programs embodied in "permanent law," i.e. the Farm Act of 1949. The most immediate effect of such a reversion to permanent law would have been to require the U.S. Department of Agriculture to begin purchasing milk from producers at levels much higher than the market price, which, in turn, would have prodded a spike in retail milk prices in the next several weeks. The Congressional Budget Office indicated that the farm bill, including the sequester, will yield $23 billion in cuts in agriculture and nutrition spending Continued on Page 16 U.S. group to assume control of Hovis bread joint venture LOS ANGELES - Global investment firm The Gores Group has reached agreement to pay £30 million ($49.7 million) for a 51% stake in a joint venture that will allow Gores to operate the Hovis bread business of Londonbased Premier Foods. The bread business is valued at approximately £87.5 million ($144.4 million). The proposed transaction includes the production, distribution, sales and marketing of Hovis, Mothers Pride, Ormo, Granary and Nimble brands, private label business, business-to-business sales and the flour milling business. Premier Foods will retain the McDougall's brand for use in retail and certain food service sales of flour and bread mixes and will enter into a licensing arrangement with the joint venture for the use of the Hovis brand for similar retail and business-tobusiness sales of flour and bread mixes. In addition, with the exception of the Charnwood Foods facility in Leicester and a flour mill in Andover, all the company's entire operational bakery and Continued on Page 12

Table of Contents for the Digital Edition of Milling & Baking News - February 4, 2014

Milling & Baking News - February 4, 2014
House of Representatives votes for Agricultural Act of 2014
U.S. group to assume control of Hovis bread joint venture
Late News - Late surge lifts flour output to new peak
Table of Contents
News/Comment - Mixed emotions triggered by passage of farm bill
Editorial - Baguette and pasta falls not a threat
Late News
Business - Gluten-free Girl Scout chocolate chip shortbread cookies debut
Chopin establishes North American subsidiary headed by Ian Trood
Post adds ‘morning energy’ into Honey Bunches of Oats cereal line
With aggressive growth plans, Mile Hi opens new baking plant
Starbucks to focus on labor, product choices in bakery
J.S.B. acquires peanut-free sandwich maker
Crumbs Bake Shop gets funding boost
Bayer donates to wheat genome project
Bruegger’s bagel shops set for major design makeover
Cargill, Filippo Berio to market food service olive oil products
Education and Research - Researchers put omega-3 oils found in fish into plants
Washington - Agribusiness and food industries weigh in on Agricultural Act of 2014
Industry Activities - Forbes to headline PAC dinner at A.B.A. annual meeting
W.F.C. to sponsor second ‘Wheat Safari’
Council encourages participation in Whole Grain Sampling Day
Nutrition and Health - Not everybody pays attention to sweeteners, study finds
Food Ingredient Solutions - Searching for the next sriracha
Sweet speculation on speculoos
Hot Cereal Update - Portioned for prosperity
People - Ian Friendly to retire from General Mills after 30-year career
Jim Bair, vice-president of NAMA, departs for USApple
Dreyfus executive elected as TEGMA chairman
Clif Bar hires v.p. of engineering
Lyndsey Valentine promoted at NAMA
International - PepsiCo and Nestle pursuing major expansion in Mexico
Financial Results - ‘Gentle breeze’ guides pretzel business at J&J Snack Foods
With leadership transition pending, changes afoot for Bunge Brazil
Growing breakfast north of the border
Supplier Innovations
Ingredient Market Trends - I.G.C. forecasts world 2014-15 wheat crop at 697 million tonnes
Ingredient Week
Marketplace Business Network
Ad Index

Milling & Baking News - February 4, 2014