Milling & Baking News - March 3, 2015 - (Page 1)

THE NEWS WEEKLY OF GRAIN-BASED FOODS MARCH 3, 2015 bakingbusiness.com / foodbusinessnews.net FOOD INGREDIENT SOLUTIONS® Even out of limelight, wheat flour called important at General Mills Pushing positives while subtracting sodium Positive messages may involve specific flavors as well as potassium and calcium inclusion Story on Page 24 LATE NEWS Pension charge brings large loss for Bimbo MEXICO CITY - Stung by the effects of depressed interest rates on multiemployer pension plan (MEPPS) liabilities, the U.S. and Canada operations of Grupo Bimbo S.A.B. de C.V. sustained an operating loss of 1,881 million pesos ($126 million) in the fourth quarter ended Dec. 31, 2014, compared with modest profits of 9 million pesos in the final quarter of 2013. The non-cash charges largely wiped out operating income in the United States and Canada for the year - 392 million pesos ($26 million) in 2014, down 85% from 2,615 million in 2013. Excluding special charges, mostly in the United States Continued on Page 8 BOCA RATON, FLA. - While other business categories at General Mills, Inc. have been highlighted as focal points of growth, flour milling and flour-based foods remain important to the success of the business, the company's leadership said in a recent interview. The executives answered a number of questions posed by Milling & Baking News during a press conference Feb. 17 at the Boca Raton Resort and Club in Boca Raton. The press conference followed a presentation by the General Mills executives at the 2015 annual conference of the Consumer Analyst Group of New York. During the company's CAGNY presentation, flour-based foods did not fit neatly into what the company's executive described as its four key businesses - cereal, yogurt, grain-based snacks and natural and organic. The omission of flourbased foods is notable because the company began as a flour milling business in the 1860s and until the 1960s was the largest flour milling company in the world. Today, General Mills is the nation's sixth largest milling company but is regarded as the largest user of bakery flour in the United States. "One of our fundamental capabilities is our flour mills - our flour milling capabilities and our extraction capabilities, and we continue to invest behind it," said Donal L. Mulligan, executive vice-president and chief financial officer. "Part of the reason that our convenience Continued on Page 11 Dietary guidelines panel opts not to seek major enriched grains cut WASHINGTON - After considering a cut of 50% or more in recommended intake of enriched grains, the Dietary Guidelines Advisory Committee has opted to stick with 2010 Guidelines recommendations that "half of all grain intake should come from whole grains." The committee submitted its recommendations Feb. 19 to Health and Human Services Secretary Sylvia Burwell and Agriculture Secretary Tom Vilsack. Their guidance will underpin the 2015 edition of the Dietary Guidelines for Americans. The recommendations are subject to public comment as well as input from other federal agencies before the guidelines will be released later this year. Even as it leaves its formal grains recommendation unchanged, the committee report is replete with calls for cutbacks in intake of "refined grains" in favor of whole grains. "The U.S. population should be encouraged and guided to consume dietary patterns that are rich in vegetables, fruit, whole grains, seafood, legumes, and nuts; moderate in low- and Continued on Page 28 http://www.bakingbusiness.com http://www.foodbusinessnews.net

Table of Contents for the Digital Edition of Milling & Baking News - March 3, 2015

MIlling & Baking News - March 3, 2015
Even out of limelight, wheat flour called important at General Mills
Dietary guidelines panel opts not to seek major enriched grains cut
Late News - Pension charge brings large loss for Bimbo
Table of Contents
News Comment - ‘Changing dynamics’ leitmotif of baking in 2015
Editorial - A look at Cargill marking its 150th
Late News
Business - Flowers Foods acquires Roman Meal trademark in North America
Campbell to eliminate self-imposed barriers in biscuits and snacks
Alpha Baking adding electric trucks to delivery fleet
People - Roberto Marques joining Mondelez as president of North America
Gene Lord retiring from Flowers after nearly 50 years in baking
Financial Results - Baking and snack earnings rise 22% at Campbell in quarter
Bunge EBIT drops despite strong soy processing margins
Flowers Foods in 2014: Won on the road, struggled at home
Data - U.S.D.A. expects larger wheat supplies and lower prices in 2015-16
Industry Activities - Rudy Giuliani to speak at A.B.A. PAC dinner
Kyle Brost, Jennifer Prusa elevated to full-time positions at BEMA
Grain Foods Foundation launches merged and updated web site
Industry Activities - TEGMA gathers in Scottsdale for annual meeting
Food Ingredient Solutions - Pushing positives while subtracting sodium
Sodium findings vary in studies
Nutrition and Health - Dietary guidelines panel opts not to seek major enriched grains cut
Education and Research - Bayer forum looks at ways to enhance wheat yield, quality
International - E.U. scrutinizing Cargill-ADM chocolate deal
Supplier Innovations
Ingredient Market Trends - Vilsack and Hogan discuss free trade for agriculture
Ingredient Week
Classifieds
Marketplace Business Network
Ad Index
Archive

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