Milling & Baking News - September 8, 2020 - 4

Contents

September 8, 2020 Vol. 99, No. 14

A NOTE TO OUR READERS

NEWS Comment

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Swiss proxy adviser recommends
Schmid for Aryzta chair

11

BBU enters partnership
for recyclable packaging

14

Moskow sees good growth
outlook for Utz Brands

18

Lancaster turns in record
sales on retail growth

20

Brad Cashaw joins Flowers
as chief supply chain officer

Aryzta has put forth Andreas Schmid to
succeed Gary McGann, who will step down
Sept. 16, but shareholder group Veraison and
Cobas recommends Urs Ernst Jordi.

Crust is king in
pizza formulation
Neapolitan-style pizza gains
in popularity while several
ancient grains work well in
gluten-free crusts.

▼

Story on Page 22

DEPARTMENTS

7
10
17
19
20
28
32
34
36
38
39
49
54

Editorial
Business
Financial Results
Merchandising
People
Milling Technology
Weather Outlook
Export and Trade Issues
Industry Activities
Washington
Ingredient Week Trends
Supplier Innovations
Archive

▼

10

Partnering with TerraCycle moves Bimbo
Bakeries USA forward in its efforts to make the
packaging of its bread, buns, bagels and English
muffins recyclable.

Robert Moskow of Credit Suisse says the
snacks maker may grow through various
paths, including tortilla, popcorn, protein and
vegetable-based snacks.

Fiscal-year sales increase 2% to $1.33 billion
behind strong at-home food consumption. Net
income dips because of expenditures for Project
Ascent.

Mr. Cashaw has supply chain experience from
working at Dean Foods, Kraft Foods Group,
Kellogg Co. and PepsiCo, Inc.

Unusual late-season
surprises hit markets
Surges in grain and oilseed prices in recent
weeks have caught many in grain-based
foods off guard. August is an important
month for row crops and spring wheat
each year, but weather markets typically
take form in June and July and often wind
down in August as confidence in crop
prospects increase. Not so this year. Good
crop conditions prevailed through much
of the season, but losses were expected
to be severe both from the derecho storm
in mid-August that caused widespread
damage in Iowa and from a late-summer
drought that has diminished row crop
prospects.
Further fueling bullishness, China has
been a heavy buyer of US grains and
soybeans after importing little the first
seven months of the year. In addition to
perhaps as much as 20 million tonnes
of soybeans, China has bought about 7
million tonnes of corn and 1.5 million
tonnes of wheat. The corn purchases, in
particular, were far heavier than expected.
Just days into the start of the new crop
year, the corn purchases already exceed
what the US Department of Agriculture in
August projected China would import for
all of 2020-21 from all sources.
Markets have reacted to the changing
supply/demand prospects, and soybean
prices have reached two-year highs. Wheat
futures have climbed about 50¢ per bu from
early August, and corn prices reached the
highest levels since March. Well-covered
ingredient buyers appear likely to face a
more challenging purchasing environment
this fall and winter. MBN

COMPANIES IN THIS ISSUE

AB Mauri North America.................... 20
Amy's Kitchen ................................... 23
Archer Daniels Midland Co. ............... 16
Ardent Mills ...................................... 23
Aryzta AG.......................................... 10
Bay State Milling Co. ......................... 23
Blue Diamond Almonds Global
Ingredients Division ........................ 23
BUA Group ....................................... 30
Bühler Group .................................... 21
Bunge Ltd. ........................................ 49
Calyxt, Inc. ........................................ 28
Campbell Soup Co. .............................. 1
Capello's ........................................... 23
Cargill ......................................... 10, 24
4 / September 8, 2020

Caulipower ....................................... 23
Ceres Global Ag Corp. ....................... 10
Chunara Food Group ......................... 11
Columbia Grain International............. 49
Creative Food Ingredients .................. 26
Domino Sugar ................................... 12
Dunkin'Brands Group, Inc. ................. 11
Ferrero Group.................................... 26
Flowers Foods, Inc. ............................ 20
General Mills, Inc................................. 8
Givaudan .......................................... 49
Google.............................................. 11
Grain Craft ........................................ 22
Grupo Bimbo SAB de CV ................... 11
Hershey Co.................................. 10, 20

Milling & Baking News

Hormel Ingredient Solutions .............. 24
Hostess Brands, Inc.............................. 8
Indigo Ag ............................................ 8
Jalisco Tortilla Factory ........................ 12
Kellogg Co. ....................................... 26
Kind Healthy Snacks .......................... 12
Krispy Kreme Doughnuts ................... 19
Lancaster Colony Corp....................... 18
LesserEvil Healthy Brands LLC ............ 26
Merit Functional Foods ...................... 49
MGP Ingredients, Inc. ........................ 24
Milleral ............................................. 30
Mondelez International, Inc. .............. 26
Nestle SA .......................................... 23
No-Bake Cookie Co. .......................... 26

Panera Bread Co................................ 11
Papa John's ....................................... 23
Parker Products ................................. 26
Pi Pizzeria ......................................... 23
S&W Seed Co. ................................... 28
Sara Lee Frozen Bakery ...................... 10
Spinato's Fine Foods .......................... 23
Target Corp. ........................................ 7
Utz Brands, Inc. ................................. 14
VDF FutureCeuticals, Inc. ................... 49
Walmart, Inc........................................ 7
Wilmar International Ltd. ................... 16
ZSC Enterprises ................................. 11

bakingbusiness.com / world-grain.com


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Milling & Baking News - September 8, 2020

Table of Contents for the Digital Edition of Milling & Baking News - September 8, 2020

Milling & Baking News - September 8, 2020 - 1
Milling & Baking News - September 8, 2020 - 1
Milling & Baking News - September 8, 2020 - 2
Milling & Baking News - September 8, 2020 - 3
Milling & Baking News - September 8, 2020 - 4
Milling & Baking News - September 8, 2020 - 5
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Milling & Baking News - September 8, 2020 - 9
Milling & Baking News - September 8, 2020 - 10
Milling & Baking News - September 8, 2020 - 11
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Milling & Baking News - September 8, 2020 - 13
Milling & Baking News - September 8, 2020 - 14
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Milling & Baking News - September 8, 2020 - 16
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Milling & Baking News - September 8, 2020 - 18
Milling & Baking News - September 8, 2020 - 19
Milling & Baking News - September 8, 2020 - 20
Milling & Baking News - September 8, 2020 - 21
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Milling & Baking News - September 8, 2020 - 27
Milling & Baking News - September 8, 2020 - 28
Milling & Baking News - September 8, 2020 - 29
Milling & Baking News - September 8, 2020 - 30
Milling & Baking News - September 8, 2020 - 31
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Milling & Baking News - September 8, 2020 - 33
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Milling & Baking News - September 8, 2020 - 47
Milling & Baking News - September 8, 2020 - 48
Milling & Baking News - September 8, 2020 - 49
Milling & Baking News - September 8, 2020 - 50
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Milling & Baking News - September 8, 2020 - 53
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Milling & Baking News - September 8, 2020 - 55
Milling & Baking News - September 8, 2020 - 56
https://www.nxtbook.com/sosland/mbn/2020_09_08
https://www.nxtbook.com/sosland/mbn/2020_08_25
https://www.nxtbook.com/sosland/mbn/2020_08_11
https://www.nxtbook.com/sosland/mbn/2020_07_28
https://www.nxtbook.com/sosland/mbn/2020_07_14
https://www.nxtbook.com/sosland/mbn/2020_06_30
https://www.nxtbook.com/sosland/mbn/2020_06_16
https://www.nxtbook.com/sosland/mbn/2020_06_02
https://www.nxtbook.com/sosland/mbn/2020_05_19
https://www.nxtbook.com/sosland/mbn/2020_05_05
https://www.nxtbook.com/sosland/mbn/2020_04_21
https://www.nxtbook.com/sosland/mbn/2020_04_07
https://www.nxtbook.com/sosland/mbn/2020_03_24
https://www.nxtbook.com/sosland/mbn/2020_03_10
https://www.nxtbook.com/sosland/mbn/2020_02_25
https://www.nxtbook.com/sosland/mbn/2020_02_11
https://www.nxtbook.com/sosland/mbn/2020_01_28
https://www.nxtbook.com/sosland/mbn/2020_01_14
https://www.nxtbook.com/sosland/mbn/2019_12_31
https://www.nxtbook.com/sosland/mbn/2019_12_17
https://www.nxtbook.com/sosland/mbn/2019_12_03
https://www.nxtbook.com/sosland/mbn/2019_11_19
https://www.nxtbook.com/sosland/mbn/2019_11_05
https://www.nxtbook.com/sosland/mbn/2019_10_22
https://www.nxtbook.com/sosland/mbn/2019_10_08
https://www.nxtbook.com/sosland/mbn/2019_09_24
https://www.nxtbook.com/sosland/mbn/2019_09_10
https://www.nxtbook.com/sosland/mbn/2019_08_27
https://www.nxtbook.com/sosland/mbn/2019_08_13
https://www.nxtbook.com/sosland/mbn/2019_07_30
https://www.nxtbook.com/sosland/mbn/2019_07_16
https://www.nxtbook.com/sosland/mbn/2019_07_02
https://www.nxtbook.com/sosland/mbn/2019_06_18
https://www.nxtbook.com/sosland/mbn/2019_06_04
https://www.nxtbook.com/sosland/mbn/2019_05_21
https://www.nxtbook.com/sosland/mbn/2019_05_07
https://www.nxtbook.com/sosland/mbn/2019_04_23
https://www.nxtbook.com/sosland/mbn/2019_04_09
https://www.nxtbook.com/sosland/mbn/2019_03_26
http://digitalmbn.bakingbusiness.com/sosland/mbn/2019_03_12
http://digitalmbn.bakingbusiness.com/sosland/mbn/2019_02_26
http://digitalmbn.bakingbusiness.com/sosland/mbn/2019_02_12
http://digitalmbn.bakingbusiness.com/sosland/mbn/2019_01_29
http://digitalmbn.bakingbusiness.com/sosland/mbn/2019_01_15
http://digitalmbn.bakingbusiness.com/sosland/mbn/2019_01_01
http://digitalmbn.bakingbusiness.com/sosland/mbn/2018_12_18
http://digitalmbn.bakingbusiness.com/sosland/mbn/2018_12_04
http://digitalmbn.bakingbusiness.com/sosland/mbn/2018_11_20
http://digitalmbn.bakingbusiness.com/sosland/mbn/2018_11_06
http://digitalmbn.bakingbusiness.com/sosland/mbn/2018_10_23
http://digitalmbn.bakingbusiness.com/sosland/mbn/2018_10_09
http://digitalmbn.bakingbusiness.com/sosland/mbn/2018_09_25
http://digitalmbn.bakingbusiness.com/sosland/mbn/2018_09_11
http://digitalmbn.bakingbusiness.com/sosland/mbn/2018_08_24
http://digitalmbn.bakingbusiness.com/sosland/mbn/2018_08_14
http://digitalmbn.bakingbusiness.com/sosland/mbn/2018_07_31
http://digitalmbn.bakingbusiness.com/sosland/mbn/2018_07_17
http://digitalmbn.bakingbusiness.com/sosland/mbn/2018_07_03
http://digitalmbn.bakingbusiness.com/sosland/mbn/2018_06_19
http://digitalmbn.bakingbusiness.com/sosland/mbn/2018_06_05
http://digitalmbn.bakingbusiness.com/sosland/mbn/2018_05_22
http://digitalmbn.bakingbusiness.com/sosland/mbn/2018_05_08
http://digitalmbn.bakingbusiness.com/sosland/mbn/2018_04_24
http://digitalmbn.bakingbusiness.com/sosland/mbn/2018_04_10
http://digitalmbn.bakingbusiness.com/sosland/mbn/2018_03_27
https://www.nxtbook.com/sosland/mbn/2018_03_13
https://www.nxtbook.com/sosland/mbn/2018_02_27
https://www.nxtbook.com/sosland/mbn/2018_02_13
https://www.nxtbook.com/sosland/mbn/2018_01_30
https://www.nxtbook.com/sosland/mbn/2018_01_16
https://www.nxtbook.com/sosland/mbn/2018_01_02
https://www.nxtbook.com/sosland/mbn/2017_12_19
https://www.nxtbook.com/sosland/mbn/2017_12_05
https://www.nxtbook.com/sosland/mbn/2017_11_21
https://www.nxtbook.com/sosland/mbn/2017_11_07
https://www.nxtbook.com/sosland/mbn/2017_10_24
https://www.nxtbook.com/sosland/mbn/2017_10_10
https://www.nxtbook.com/sosland/mbn/2017_09_26
https://www.nxtbook.com/sosland/mbn/2017_09_12
https://www.nxtbook.com/sosland/mbn/2017_08_29
https://www.nxtbook.com/sosland/mbn/2017_08_15
https://www.nxtbook.com/sosland/mbn/2017_08_01
https://www.nxtbook.com/sosland/mbn/2017_07_18
https://www.nxtbook.com/sosland/mbn/2017_07_04
https://www.nxtbook.com/sosland/mbn/2017_06_20
https://www.nxtbook.com/sosland/mbn/2017_06_06
https://www.nxtbook.com/sosland/mbn/2017_05_23
https://www.nxtbook.com/sosland/mbn/2017_05_09
https://www.nxtbook.com/sosland/mbn/2017_04_25
https://www.nxtbook.com/sosland/mbn/2017_04_11
https://www.nxtbook.com/sosland/mbn/2017_03_28
https://www.nxtbook.com/sosland/mbn/2017_03_14
https://www.nxtbook.com/sosland/mbn/2017_02_28
https://www.nxtbook.com/sosland/mbn/2017_02_14
https://www.nxtbook.com/sosland/mbn/2017_01_31
https://www.nxtbook.com/sosland/mbn/2017_01_17
https://www.nxtbook.com/sosland/mbn/2017_01_03
https://www.nxtbook.com/sosland/mbn/2016_12_20
https://www.nxtbook.com/sosland/mbn/2016_12_06
https://www.nxtbook.com/sosland/mbn/2016_11_22
https://www.nxtbook.com/sosland/mbn/2016_11_08
https://www.nxtbook.com/sosland/mbn/2016_10_25
https://www.nxtbook.com/sosland/mbn/2016_10_11
https://www.nxtbook.com/sosland/mbn/2016_09_27
https://www.nxtbook.com/sosland/mbn/2016_09_13
https://www.nxtbook.com/sosland/mbn/2016_08_30
https://www.nxtbook.com/sosland/mbn/2016_08_16
https://www.nxtbook.com/sosland/mbn/2016_08_02
https://www.nxtbook.com/sosland/mbn/2016_07_19
https://www.nxtbook.com/sosland/mbn/2016_07_05
https://www.nxtbook.com/sosland/mbn/2016_06_21
https://www.nxtbook.com/sosland/mbn/2016_06_07
https://www.nxtbook.com/sosland/mbn/2016_05_24
https://www.nxtbook.com/sosland/mbn/2016_05_10
https://www.nxtbook.com/sosland/mbn/2016_04_26
https://www.nxtbook.com/sosland/mbn/2016_04_12
https://www.nxtbook.com/sosland/mbn/2016_03_29
https://www.nxtbook.com/sosland/mbn/2016_03_15
https://www.nxtbook.com/sosland/mbn/2016_03_01
https://www.nxtbook.com/sosland/mbn/2016_02_16
https://www.nxtbook.com/sosland/mbn/2016_02_02
https://www.nxtbook.com/sosland/mbn/2016_01_19
https://www.nxtbook.com/sosland/mbn/2016_01_05
https://www.nxtbook.com/sosland/mbn/2015_12_22
https://www.nxtbook.com/sosland/mbn/2015_12_08
https://www.nxtbook.com/sosland/mbn/2015_11_24
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
https://www.nxtbook.com/sosland/mbn/2014_09_30
https://www.nxtbook.com/sosland/mbn/2014_09_16
https://www.nxtbook.com/sosland/mbn/2014_09_02
https://www.nxtbook.com/sosland/mbn/214_08_19
https://www.nxtbook.com/sosland/mbn/2014_08_01
https://www.nxtbook.com/sosland/mbn/2014_07_22
https://www.nxtbook.com/sosland/mbn/2014_07_08
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
https://www.nxtbook.com/sosland/mbn/2014_04_15
https://www.nxtbook.com/sosland/mbn/2014_04_01
https://www.nxtbook.com/sosland/mbn/2014_03_18
https://www.nxtbook.com/sosland/mbn/2014_03_04
https://www.nxtbook.com/sosland/mbn/2014_02_18
https://www.nxtbook.com/sosland/mbn/2014_02_04
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
https://www.nxtbook.com/sosland/mbn/2013_11_12
https://www.nxtbook.com/sosland/mbn/2013_10_29
https://www.nxtbook.com/sosland/mbn/2013_10_15
https://www.nxtbook.com/sosland/mbn/2013_10_01
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
https://www.nxtbook.com/sosland/mbn/2013_08-06
https://www.nxtbook.com/sosland/mbn/2013_07_23
https://www.nxtbook.com/sosland/mbn/2013_07_09
https://www.nxtbook.com/sosland/mbn/2013_06_25
https://www.nxtbook.com/sosland/mbn/2013_06_11
https://www.nxtbook.com/sosland/mbn/2013_05_28
https://www.nxtbook.com/sosland/mbn/2013_05_14
https://www.nxtbook.com/sosland/mbn/2013_04_30
https://www.nxtbook.com/sosland/mbn/2013_04_16
https://www.nxtbook.com/sosland/mbn/2013_04_02
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
https://www.nxtbook.com/sosland/mbn/2013_02_05
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
https://www.nxtbook.com/sosland/mbn/2012_10_16
https://www.nxtbook.com/sosland/mbn/2012_10_02
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
https://www.nxtbook.com/sosland/mbn/2012_06_12
https://www.nxtbook.com/sosland/mbn/2012_05_29
https://www.nxtbook.com/sosland/mbn/2012_05_15
https://www.nxtbook.com/sosland/mbn/2012_05_01
https://www.nxtbook.com/sosland/mbn/2012_04_17
https://www.nxtbook.com/sosland/mbn/2012_04_03
https://www.nxtbook.com/sosland/mbn/2012_03_20
https://www.nxtbook.com/sosland/mbn/2012_03_06
https://www.nxtbook.com/sosland/mbn/2012_02_21
https://www.nxtbook.com/sosland/mbn/2012_02_07
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https://www.nxtbook.com/sosland/mbn/2012_01_10
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