World Grain - May 2007 - 16
newsreview
ConAgra more than doubling capacity at Texas mill
OMAHA, NEBRASKA, U.S. - ConAgra Mills, a unit of ConAgra
Foods, Inc., is expanding capacity at its Saginaw, Texas, U.S. flour mill,
the company said.
In a project set to begin later this spring, ConAgra will increase daily
milling capacity at Saginaw to 14,000 cwts (667 tonnes) from current
capacity of 6,000 cwts (285 tonnes).
"We view Texas as an excellent growth market - one that requires
expanded production capabilities to serve our growing customer
demand," said Paul Maass, vice-president and general manager of
ConAgra Mills. "Expanding our capabilities in Saginaw will help drive
long-term growth in a market with outstanding potential.
"Our customer base in Texas is growing with several new significant
flour users in the market. The expansion will allow us to serve these
customers more efficiently."
The project is expected to be completed in June 2008. In addition
to regular wheat flour, the new milling unit will be outfitted to produce
whole wheat flour, ConAgra said. The company said the mill expansion would allow for the "maximization of regional transportation efficiencies."
One of the newest flour mills in the U.S. and the newest ConAgra
mill, the Saginaw facility first opened in 1999 as Country Home Milling L.P., but was shuttered in 2001 due to financial problems. ConAgra
acquired the facility out of bankruptcy in May 2002.
USDA projects global oilseed production at record level
WASHINGTON, D.C., U.S. - The U.S. Department of Agriculture's (USDA) World Agricultural Supply and Demand Estimates
report, which was issued on April 10, projected global oilseed production for 2006-07 at a record 402.9 million tons, up 3.7 million
tons from last month. The USDA said soybean production accounts
for almost all of the change.
The report estimated Brazil's soybean production would increase
1.8 million tons to a record 58.8 million tons based on higher
yields, especially in its southern states. The report also estimated
that soybean production would increase by a combined 2.3 million
tons for Argentina and Paraguay. The report estimated that the Ar
gentina crop would reach a record 45.5 million tons, up 1.5 million
tons from last month.
The USDA projected global oilseed ending stocks for 2006-07
would increase 3.4 million tons to 67.4 million tons. Most of the
increase is due to higher South American soybean stocks, reflecting
sharply higher projected production for both 2005-06 and 2006-07.
Global vegetable oil stocks are reduced this month mainly due to
reduced palm oil production for Indonesia.
The U.S. ending stocks of soybeans were projected up 20 million
bushels to a record 615 million bushels as reduced exports, crush
and seed use are only partly offset by higher residual use.
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For more information, see Page 82.
16
May 2007 / World Grain / www.World-Grain.com
http://www.World-Grain.com
World Grain - May 2007
Table of Contents for the Digital Edition of World Grain - May 2007
Contents
World Grain - May 2007 - 1
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World Grain - May 2007 - Contents
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