USA: Milling industry cautiously optimistic

Although Russia's invasion of Ukraine in February 2022 has made the global milling industry cautious in making capital investments, it has also emphasized the importance of wheat production and flour milling. Suppliers participating in World Grain's annual milling projects survey said they began to see recovery in larger-scale projects last year and that the momentum will continue through 2023. “We saw an impact on projects that were underway in previously strong markets as they were halted,” said Uzwil of Switzerland-based Bühler. “Unfortunately, the war initially caused an increase in the prices of raw materials. This has affected the investment climate in the milling industry in general. We saw a recovery already last year, which continued strongly this year.” Consumer behaviors are changing with an emerging middle class around the world, made up of people who eat more on the go, while also seeking out less food waste. Health and well-being will play an important role in the ...