Milling & Baking News - December 9, 2014 - (Page 8)

Late News WEEK OF DECEMBER 9 Continued from Page 1 Canada, an exporter of soft winter wheat to the United States, raised its estimate for its 2014 crop. Canada's new estimate for its 2014 winter wheat crop, mostly soft red winter, was 2,867,000 tonnes, up 78,300 tonnes from its September number but down 24% from 3,786,000 tonnes in 2013. 8 / December 9, 2014 Milling & Baking News facility in 2012, the increased demand for our products has warranted another expansion," said Joseph Zaleski, president of Reading Bakery Systems, which manufactures baking and process systems for the global baked snack food industry. Olam to buy U.S. peanut sheller SINGAPORE - Olam International Ltd., an agri-business operating in 65 countries, has signed a purchase agreement to acquire a 100% interest in Smithville, Ga.based McCleskey Mills, Inc. for $176 million. McCleskey Mills is the third largest peanut sheller in the United States with a market share of approximately 12% and an annual capacity of approximately 250,000 farmer stock tons. The company owns processing facilities at two locations in Georgia, and owns or manages 20 buying points and farmer stock storage assets at strategic locations in the Southeast region. The company operates in the snack, peanut butter and confectionery space. The acquisition will make Olam the only global player with sourcing and peanut shelling operations in all key peanut origins (United States, Argentina, India and South Africa) and presence in all main markets (European Union, United States, China, India and Southeast Asia). Heinzel to head DuPont Nutrition & Health WILMINGTON, DEL. - Matthias Heinzel has been named president of DuPont Nutrition & Health, effective Jan. 1, 2015. He will succeed Craig F. Binetti, who is retiring following 38 years of service to the company. Mr. Heinzel joined DuPont in 2003 following prior leadership roles in the telecommunications industry and at McKinsey & Company. He has held several business leadership roles in DuPont imaging technologies, authentication and packaging graphics. In 2013 he was appointed global business director, enablers, DuPont Nutrition & Health, where he has led business improvement. World food prices slip to new low ROME - The F.A.O. Food Price Index edged downward in November, sliding to the lowest level in four years. At 192.6 points, the index, compiled by the Food and Agriculture Organization of the United Nations, was down from 192.7 in October and was the lowest since August 2010. The index is down 19% from the August 2011 high of 238. The F.A.O. cereal price index rose 4.7 points in November to 183. Cereal prices were still down 11.3 points (5.8%) from a year earlier. The November cereal increase was the first significant monthly gain since March 2014. Falling in value in the November global index were dairy prices, down 3.4%, and sugar prices, down 3.2%. Vegetable oil prices were higher for the month. Corbion finalizes leadership team AMSTERDAM - Corbion n.v. has completed its leadership team, creating an executive committee to enhance the execution of its updated strategy, "Disciplined Value Creation." The committee will consist of: Tjerk de Ruiter, chief executive officer of Corbion; Eddy van Rhede van der Kloot, chief financial officer; Sven Thormählen, chief technology officer; Andy Muller, Biobased Ingredients; Marc den Hartog, operations; and Johan van der Hel, human resources. Mr. Muller recently was tapped with responsibility for the Biobased Ingredients business unit. Mr. Muller since 2001 has held senior roles in marketing and sales within Sensient and DuPont Nutrition & Health. MBN /

Table of Contents for the Digital Edition of Milling & Baking News - December 9, 2014

Milling & Baking News - December 9, 2014
January-September flour output sets new record, rises 0.9%
Consumer Reports casts doubts on merits of gluten-free diet
Late News - Reading to double facility’s size
Table of Contents
News Comment - Finally, commodity relief for grain-based foods
Editorial - India agreement offers hope for W.T.O.
Late News
Luna shifting line of bars to gluten-free ingredients
Business - Fire damages Canada Bread baking plant in Ontario
Girl Scout Cookies enter digital age
Sosland Publishing relocating company headquarters
Cargill reaches settlement, to change labels in Truvia case
C.H. Robinson to acquire Freightquote for $365 million
Financial Results - Campbell Soup baking unit profits strong; U.S. business soft
Charges bog down Post profit; adjusted EBITDA up sharply
Aryzta revenue in North America grows through acquisitions
ADM growth plans include Wild and Brazilian oilseeds
Input costs, plant start-up costs hinder Weston Foods
People - Mayo Schmidt to join Louis Dreyfus as c.e.o.
George Deese to retire as executive chairman at Flowers
Ready-to-eat Cereal Update - Cereal makers seek fresh start
Regulatory Affairs - Air emission calculation for particulate matter: Flour
Industry Activities - Wild, wild East: NAMA given ‘tour’ of Southeast Asia milling industry
AIB names new director of food safety services innovation
Nutrition and Health - USA Rice Federation disputes latest arsenic report
Supplier Innovations
Ingredient Market Trends - Grain volume requirements for Canadian railroads extended
Ingredient Week
Marketplace Business Network
Ad Index

Milling & Baking News - December 9, 2014