Fonterra invests in Lithuanian dairy producer Rokiskio Suris

LITHUANIA – Fonterra, New Zealand’s dairy company, has invested US$8.26 million in Lithuanian dairy producer Rokiskio Suris, where it has bought more than 3.58 million shares. The investment had been under negotiation for a while, with Rokiskio issuing statement that Fonterra would recover any losses if it withdrew from the planned share issue by November.…

ADM invests in German facility to produce non-GMO soybean meals

GERMANY - Archer Daniels Midland Co. as announced its plans to making further investments to produce more high protein soymeal free of genetically modified organisms (GMOs) at its Straubing crushing plant in Germany. “The decision to invest in the production of non-GMO high-protein soybean meal is a logical step after the successful implementation of non-GMO…

Kerry Group buys US-based probiotics company Ganeden

IRELAND – Kerry Group, the Irish consumer foods and ingredients group, has confirmed the acquisition of US-based tech company Ganeden, Ganeden is a tech innovation company, which focuses on patented probiotics and related technologies, with more than 135 patents for technologies in the supplement, food, beverage, nutrition and personal care markets, based in Cleveland. It…

Tate & Lyle doubles non-GMO maltodextrins capacity

SLOVAKIA - Tate & Lyle Plc has expanded its food range products to double the capacity of the company’s non-GMO maltodextrin product line at its facility in Slovakia, over the next two years. The non-GMO Maltosweet infant food grade facility will be expected to be complete in 2019, according to the company spokesperson. Maltosweet Maltodextrin…

EU pauses inquiry into Monsanto-Bayer mega-merger

EU - The EU said on October 5 that it had “stopped the clock” on its probe into German chemical firm Bayer’s proposed mega-takeover of US agri-giant Monsanto while it waits for the companies to provide information. Brussels launched an in-depth investigation in August into the €56-billion deal, which would create the world’s largest integrated…

China delays enforcement of new food import controls

CHINA – China has announced it has delayed enforcing the new controls on food imports following the complaints made by the United States, Europe and other trading partners. According to a document submitted to the World Trade Organization, Beijing had decided to grant a ‘transitional period of 2 years following comments by other governments, reported…

Stopping overfishing will boost EU’s economies – study

EUROPE – A new study has revealed that replenishing Europe’s fishing stocks could boost EU’s GDP by US$5.76 billion annually, and create over 92,000 jobs in the fishing, food manufacturing and retails sector. About 60% of all commercial fish species are not in good environmental status as they are fished too fast, in large quantities…