Milling & Baking News - August 4, 2015 - (Page 1)

THE NEWS WEEKLY OF GRAIN-BASED FOODS AUGUST 4, 2015 / BUNS AND ROLLS UPDATE Campbell Soup shifts mean changes for Pepperidge Farm Bring on the buns Bakers roll out line extensions, interesting sizes to market Story on Page 29 LATE NEWS Mondelez earnings, sales drop in quarter DEERFIELD, ILL. - A day after announcing plans to cut jobs at a Chicago plant and add new lines at a facility in Mexico, Mondelez International said earnings for the second quarter fell 35%. Net income for the period ended June 30 fell to $406 million, equal to 25c per share on the common stock, down from $622 million, or 36c per share, in the same period last year. But adjusted earnings per share, which excludes factors such as restructuring costs, increased by 37.5% to 47c, which exceeded analysts' forecast of 39c per share. Net revenues fell 9% to $7,661 million from $8,436 million. Irene Rosenfeld, chairman Continued on Page 8 CAMDEN, N.J. - The Campbell Soup Co.'s decision to shift its portfolio toward faster-growing categories means a different look, and taste, for a number of its popular grain-based foods products. Changes include the removal of high-fructose corn syrup from certain bread, as well as greater attention to the company's bread and roll business. In a July 22 investor day conference call, Luca Mignini, president of Global Biscuits and Snacks, outlined the changes in store for the company as it looks to improve its growth and profitability in the United States. Specifically, he pointed to a plan that has Campbell channeling resources into a three-pronged strategy for its Pepperidge Farm brand. "First, we will increase market share by focusing investment on two priority brands," Mr. Mignini said. "Our Goldfish team will increase investment in our successful Goldfish marketing campaign as well as expand its whole grain line to include new flavors such as pretzel, honey and cinnamon. We also plan to launch three flavors of Goldfish made with organic wheat - Cheddar, Parmesan and Original. "Leveraging the strides we made in the digital space, our Milano team will launch and enhance the integrated marketing campaign to better connect with our consumer." The company's second strategy will center on fueling momentum in the Pepperidge Farm fresh bakery portfolio by investing in the Farmhouse brand. New bread, buns and roll varieties are Continued on Page 10 Food Ingredient Solutions ® Paths to pho-free formulations Know the specific traits and issues of oils from soybean, canola and palm T he outlook on replacing partially hydrogenated oils has brightened. High-oleic soybean oil is beginning to enter the market. Supply of canola oil should keep surging, and palm oil remains a drop-in replacement to partially hydrogenated oils (phos). Formulation clouds still hover on the horizon, however. High-oleic soybean oil and canola oil work well in frying applications, but because they are liquid oils, they may need to be blended with more solid oils in baked foods. High-oleic soybean oil, being bioengineered, also may not work in non-bioengineered/ non-G.M.O. products. In regard to palm oil, saturated fat content is still a concern, and sustainability issues, especially deforestation, are being addressed. Then there's the June Food and Drug Continued on Page 23

Table of Contents for the Digital Edition of Milling & Baking News - August 4, 2015

Milling & Baking News - August 4, 2015
Campbell Soup shifts mean changes for Pepperidge Farm
Food Ingredient Solutions - Paths to pho-free formulations
Late News - Mondelez earnings, sales drop in quarter
Table of Contents
News Comment - Wheat-Roundup canard a new peak in outrage
Editorial - Milling of whole wheat well defined
Late News
Business - CSM Bakery to bring global headquarters stateside
Grupo Bimbo acquires artisan baking business in Canada
Open house showcases Ardent’s Innovative Bakery Resources
Hostess considering frozen fried Twinkies, bagels and tortillas
Canada Bread leadership change announced by Grupo Bimbo
Annie’s adds to cookie lineup
Financial Results - Penny says Bimbo facing downward trend in U.S. bread market
Tortilla shelf space gains lift Gruma quarterly sales
Peak profits at North Dakota Mill with expansion moving forward
Earnings coming under pressure, Panera firmly focused on the food
Nutrition and Health - F.D.A. revises proposed Nutrition Facts label rule
IFIC says proposed added sugar label will cause consumer confusion
People - Steve Fehr, wife die from injuries sustained in airplane crash
New MGPI baking scientist to work with protein, starches
I.F.T. full of pho-free systems
Buns and Rolls Update - Bring on the buns
Industry Activities - NAWG counters wheat glyphosate use accusations
Tim O’Connor elected president of W.F.C.; Judi Adams retires
American Bakers Association moving to new Washington office space
Lallemand to host global health trends seminar in September
Education and Research - No evidence gluten-free diets lead to weight loss
Wheat genome map may lead to higher yield, drought resistance
Scenes from the 75th annual I.F.T.
Supplier Innovations
Ingredient Market Trends - Russia will have plenty of wheat to export in 2015-16
Ingredient Week
Marketplace Business Network
Ad Index

Milling & Baking News - August 4, 2015