Japan millers evaluates US wheat, sign deal to develop club wheat

USA - Japan flour millers have gone to the United States to evaluate and discuss on the quality of US wheat among other issues including relationship between the Japanese milling industry and US wheat. The group was welcomed by the Oregon Wheat Commission (OWC) and the Washington Grain Commission (WGC). The forum, also attended by…

DuPont divests its alginates business to JRS Group

USA - DuPont has received approval from the European Commission (EC) to divest its alginates business to JRS Group, a manufacturer of functional additives from plant-based raw materials. The divestiture, expected to close in the third quarter 2018 was a requirement set by the EC for its proposed acquisition of FMC’s Health & Nutrition (H&N)…

Keurig Green Mountain invests in South Carolina with new Spartanburg County operations

USA - Keurig Green Mountain, Inc., a leader in specialty coffee and innovative single-serve brewing systems, has announced plans to construct a new, state-of-the-art roasting and packaging facility in Spartanburg County, South Carolina. According to the company, the investment is projected to bring US$350 million of capital investment and create 500 new jobs. Located in…

DSM wins yeast patent infringement case against Lallemand

USA - Royal DSM, the Dutch multinational company has won a patent infringement case against Lallemand related to low-glycerol yeast technology applicable in ethanol production. The verdict was granted in a Federal Court in Wisconsin ruling that all glycerol reducing ethanol yeast products sold by Lallemand infringe DSM’s US Patent. Following a failed attempt to…

ADM adopts novel approach to tackle flavor issues in plant-sourced proteins

USA - Archer Daniels Midland Company, the American global food processing and commodities trading corporation said it was adopting novel plant protein approach to solve flavor and functionality issues in protein sourced from legumes like peas or ancient grains like quinoa. ADM processes plant protein sourced from soy and wheat with extensive selection including highly…

Bunge files to list Brazilian sugar and ethanol business

USA - The global agribusiness and food company has filed a registration for a potential public offering of its sugar and ethanol business, Bunge Açúcar & Bionergia with the Brazilian Securities Commission. With the listing which is subject to market conditions and valuations, Bunge plans to operate the business as a stand-alone entity after obtaining…

Campbell Soup’s CEO Denise Morrison retires abruptly

USA - US soup maker Campbell Soup has announced that its CEO Denise Morrison abruptly decided to step down effective today and she has been replaced by Keith McLoughlin, who joined the company's board in 2016, as CEO on an interim basis. In a statement Campbell Soup, maker of V8, Pepperidge Farm, Pop Secret and…

Walmart’s revenue beat forecasts reaping big on online sales

USA - The American retail giant, Walmart’s revenue rose almost 2% higher than the forecasts to US$122.69 billion boosted by US online sales which grew 33% in the quarterly results. Earnings were up to US$1.14 cents per share as opposed to US$1.12 per share forecast by Thomson Reuters. Walmart e-commerce push reaped well on high…

USDA appoints administration officials to its food safety agency

USA - U.S. Secretary of Agriculture Sonny Perdue has announced the appointment of Carmen Rottenberg and Paul Kiecker to the positions of administrator and deputy administrator respectively within USDA’s Food Safety and Inspection Service (FSIS). “Providing all Americans access to a safe and secure food supply is one of USDA’s critical missions,” said Secretary Perdue.…

US sugar production down 2.9% from a record high the previous year

USA - US sugar production for 2018-19 is forecast at 8,981,000 short tons, raw value, 2.9% down from record high 9,252,000 tons forecast for 2017-18, according to USDA’s May 10 World Agricultural Supply and Demand Estimates. For the next year, cane sugar production was forecast at 3,945,000 tons, down 2.1% while beet sugar production was…