World Grain - February 2013 - 67

FEATURE: STOCK MARKET REVIEW

Year-end close for
Grain-Based Foods Share
Index with change from
previous year, 2001-2012
Year
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
2002
2001

Close
14,117.69
12,034.78
11,307.96
10,350.06
9,146.77
11,657.58
11,542.79
9,687.18
10,852.64
9,462.92
9,918.02
9,662.41

Point
change
2,083
727
958
1,203
-2,511
115
1,856
-1,165
1,390
-487
287
336

Percent
change
17.3%
6.4%
9.3%
13.2%
-21.5%
1.0%
19.2%
-10.7%
14.7%
-4.9%
3.0%
3.6%

Australian baking business as a result
of the closing of three bakeries. The
moves are part of Project Renaissance,
a larger initiative at Goodman Fielder
that is geared toward reducing the
company’s overall cost base and optimizing manufacturing and supply
chain. Goodman Fielder closed its facility at Rockhampton on July 20, and
plans to close its Whiteside bakery in
the second quarter of ﬁscal 2013, and
its Cairns facility in the third quarter
of ﬁscal 2013. Meanwhile, the company’s Townsville bakery will be up-

graded to serve customers in the north
Queensland region.
Agrium Inc., which acquired AWB
Ltd. in December 2010, closed 2012 at
$99.87, up 49% from $67.11 and compared with $91.75 in 2010.
In France, Groupe Danone S.A., the
country’s largest food and beverage
company, closed 2012 at €49.91, up narrowly from €49.24 in 2011. The company in mid-October sold its Vitasnella
biscuits and snacks brand in Italy to
Mondelez International.
CSM, the Dutch company with a
strong presence in baking ingredients in
North America and in Europe, ﬁnished
sharply higher, ending up 32% at €16.25.
In early July, shareholders of CSM approved a proposed strategic transformation of CSM into a bio-based ingredients
company. The transformation includes
plans to divest CSM’s North American
and European Bakery Supplies businesses. After the divestment, CSM’s
Purac business, a market leader in lactic
acid and its derivatives, should account
for 56% of CSM’s sales. CSM’s Caravan
Ingredients, a leader in North American
markets for specialty ingredient such as
emulsiﬁers and enzymes, should account
for the other 44% of sales. In 2011, Purac

and Caravan Ingredients combined for
€704 million in sales. The bakery supplies businesses to be divested had sales
of €2.409 billion in 2011.
In Switzerland, Nestle S.A., the
world’s largest food company, closed
at 59.6 Swiss francs, up 10% from 54
Swiss francs in 2011.
Share price movement in Japan was
mixed. Nisshin Seifun, the Japanese
holding company that includes Nisshin
Milling, Japan’s largest ﬂour miller,
closed at Y1078, up 15% from Y933 a
year earlier. Early in 2012, Nisshin Flour
Milling Inc. acquired Miller Milling
Co., Bloomington, Minnesota, U.S.
Miller Milling is the 12th largest ﬂour
milling company in the United States,
according to the Grain & Milling Annual
2012, published by Sosland Publishing
Co. Miller Milling operates two U.S.
ﬂour mills, one in Fresno, California,
U.S., and the second in Winchester,
Virginia, U.S. The company has daily
milling capacity of 27,500 cwts. While
the total enterprise value was not disclosed, Nisshin said, in a Tokyo Stock
Exchange ﬁling, it was paying $122 million for the outstanding shares of Miller
Milling. Nisshin did not disclose other
details of the purchase price, including

Weekly close for Grain-Based Foods Share Index, Dow Jones
Industrial Average and NASDAQ Composite in 2012
Grain-Based Dow
Foods
Jones
NASDAQ
06-Jan-12 12,359.92 2,674.22 12,120.35
13-Jan-12 12,422.06 2,710.67 12,059.34
20-Jan-12 12,720.48
2,786.7 12,187.22
27-Jan-12 12,660.46 2,816.55 12,287.63

Grain-Based
Foods
04-May-12 13,038.27
11-May-12 12,820.60
18-May-12 12,369.38
25-May-12 12,454.83

Dow
Jones
2,956.34
2,933.82
2,778.79
2,837.53

NASDAQ
12,509.44
12,515.94
12,458.04
12,461.89

03-Feb-12
10-Feb-12
17-Feb-12
24-Feb-12

12,862.23
12,801.23
12,949.87
12,982.95

2,905.66
2,903.88
2,951.78
2,963.75

12,254.23
12,159.99
12,082.47
12,128.65

01-Jun-12
08-Jun-12
15-Jun-12
22-Jun-12
29-Jun-12

12,118.57
12,554.20
12,767.17
12,640.78
12,880.09

2,747.48
2,858.42
2,872.8
2,892.42
2,935.05

12,307.05
12,267.43
12,360.22
12,298.43
12,255.48

02-Mar-12
09-Mar-12
16-Mar-12
23-Mar-12
30-Mar-12

12,977.57
12,922.02
13,232.62
13,080.73
13,212.04

2,976.19
2,988.34
3,055.26
3,067.92
3,091.57

12,058.48
12,096.65
12,277.04
12,323.58
12,362.79

06-Jul-12
13-Jul-12
20-Jul-12
27-Jul-12

12,772.47
12,777.09
12,822.57
13,075.66

2,937.33 12,697.68
2,908.47 12,531.3
2,925.3 12,510.61
2,958.09 12,487.39

06-Apr-12
13-Apr-12
20-Apr-12
27-Apr-12

13,060.14
12,849.59
13,029.26
13,228.31

3,080.5 12,405.16
3,011.33 12,252.37
3,000.45 12,374.41
3,069.2 12,437.3

03-Aug-12
10-Aug-12
17-Aug-12
24-Aug-12
31-Aug-12

13,096.17
13,207.95
13,275.20
13,157.97
13,090.84

2,967.9
3,020.86
3,076.59
3,069.79
3,066.96

www.World-Grain.com / World Grain / February 2013

12,365.16
13,033.75
12,732.23
12,490.49
12,501.54

Grain-Based
Foods
07-Sep-12 13,306.64
14-Sep-12 13,593.37
21-Sep-12 13,579.47
28-Sep-12 13,437.13

Dow
Jones
3,136.42
3,183.95
3,179.96
3,116.23

05-Oct-12
12-Oct-12
19-Oct-12
26-Oct-12

13,610.15
13,328.85
13,343.51
13,107.21

3,136.19 13,446.75
3,044.11 13,385.17
3,005.62 13,465.38
2,987.95 13,230.7

02-Nov-12
09-Nov-12
16-Nov-12
23-Nov-12
30-Nov-12

13,093.16
12,815.39
12,588.31
13,009.53
13,025.58

2,982.13
2,904.87
2,853.13
2,966.85
3,010.24

13,487.59
13,287.06
13,175.86
13,483.88
13,782.59

07-Dec-12
14-Dec-12
21-Dec-12
28-Dec-12

13,155.13
13,135.01
13,190.84
12,938.11

2,978.04
2,971.33
3,021.01
2,960.31

13,922.12
13,965.45
14,188.85
14,117.69

NASDAQ
12,870.03
13,021.84
12,897.85
13,038.15

67
http://www.World-Grain.com
World Grain - February 2013

Table of Contents for the Digital Edition of World Grain - February 2013
