UK palm oil imports were 72% sustainable in 2014 – up from 55% in 2013, according to an annual progress report from the Department for Environment, Food and Rural Affairs (DEFRA).
BASF and Genomatica have expanded their license agreement to produce 1,4-butanediol based on renewable feedstock (renewable BDO), from North America to Southeast Asia.
Max India announced yesterday that it has sold its bi-axially oriented polypropylene (BOPP) film business to German firm Treofan for 5.4bn rupees (US$97M) following months of speculation.
Archer Daniels Midland Company (ADM) is investing $10m into a US-based research centre which aims to reduce the “global problem” of postharvest loss of grains and oilseeds.
The CIUS is calling for the European Commission to act now to keep sugar supplies within the EU market rather than export the sweetener, with it claiming that EU based confectioners and other food and drink manufacturers are facing sugar supply difficulties.
Barry Callebaut has successfully closed its acquisition of a 60 per
cent stake in Malaysia's KLK Cocoa - a strategic move expected to
give the Swiss firm leverage to expand in the high-potential
Asia-Pacific region.
PureCircle has secured an extension to its agreement with Cargill
to supply its stevia-derived Reb-A until mid-2010, helping to
ensure availability for what is tipped to be the next big thing in
sweeteners.
Chocolate giant Barry Callebaut has taken over a factory in
America, which will help the firm boost output by more than 50,000
tons over the next three years.
Hazelnut prices remain at all time highs but the imminent crop from
key producer Turkey could offer some stability to snack makers and
confectioners impacted by the record highs.
Acquisitive US ingredients firm Cargill leapfrogs into a leading
pectin position as the Citrico acquisition clears allowing pectin
products to fall into Cargill's portfolio, reports Lindsey
Partos.
Cocoa prices have leapt in London, driven by fears that instability
in Ivory Coast, that produces some 40 per cent of global crops,
could impact supplies.
Wheat, corn and soybean prices will remain high for much of 2004,
warns the US agency Fitch Ratings, with the industry likely to see
a continual shifting of higher ingredients costs onto the food
manufacturer. But tough negotiations...
