Category: Sugar & Confectionery

Ingredion secures exclusive licensing deal for Amyris’ fermented Reb M sweetener

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US – American multinational ingredient provider, Ingredion is set to expand its ingredient portfolio following the signing of an agreement with Amyris for the exclusive licensing of Amyris’ zero-calorie, nature-based, fermented Reb M sweetener at a cost of US$100 million. According to a statement from the company, US$75 million will be for the exclusive license to sell and market Reb M from fermentation while the extra 25 million will be for Ingredion’s participation in the Brazil manufacturing joint venture. With the deal, the parties will enter into an R&D collaboration…

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Fonterra opens revamped application centre in China as Nestlé mulls closure of UK confectionery factory

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CHINA – New Zealand multinational dairy co-operative Fonterra has opened its revamped application centre in Guangzhou, China, in an effort to support its growing foodservice business in southern China. Fonterra says the revamped center is more multipurpose than the previous one and will see the test and development of innovative products and applications unique to the ‘fast-moving’ China market. The premise will also enable the co-operative’s teams to hold more than 70 large demos and 150 small demos each year. “This updated application centre is a great enabler for our…

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South Africa’s sugar production to rise by 3% in MY 2021/22 as local consumption stabilizes

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SOUTH AFRICA – South Africa’s sugar production in the 2021/2022 marketing year is expected to increase by 3 percent to 2.2 million Metric Tons (MT), from 2.1 million MT of the previous corresponding period. The rise according to a GAIN report prepared by USDA is based on the increase in quantity of cane delivered to the mills, a longer milling season, and consistent mill efficiencies. According to the report, sugar cane crop will increase by 3 percent to 18.8 million MT in the period under review, up from 18.2 million…

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Mondelēz posts 7.9% revenue growth in Q1 as Carlsberg celebrates a “good start to the year”

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US – American multinational snack and food company Mondelēz International has reported 7.9% growth in first-quarter net revenue to US$7.24 billion, driven by organic net revenue growth of 3.8%, favourable currency and the impact of its acquisitions of Give & Go and Hu. The owner of Oreo and Cadbury snack brands says that part of the of the growth could also be attributed to the strong growth it experienced in emerging markets. Following a 0.5% decline in 2020, Mondelēz’s Asia, Middle East and Africa business delivered 16.2% growth in net…

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Argentine candy maker Arcor partners with Webcor to establish US$45m confectionery factory in Angola

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ANGOLA – The Argentine multinational company Grupo Arcor, one of the world leaders in the confectionery, agri-food and packaging sector, is nearing completion of its US$45 million confectionery factory in Angola. The project which is undertaken in partnership with Angolan distribution partner Webcor, will specialize in production of cookies, biscuits and chocolates. It is expected to produce six thousand tons of products of different brands annually, serving both the local market and neighbouring countries of Congo, Namibia, Zambia and Botswana. The ambassador of Argentina accredited to Angola, Alejandro Guillermo Vierdier,…

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Uganda to export the fully agreed sugar quota to Kenya after prove of origin

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UGANDA – Ugandan sugar farmers can breathe a sigh of relief after Kenya and Uganda ironed out a trade dispute over the commodity that has lasted for years. During a meeting held in Kampala, attended by Uganda Trade Minister Amelia Kyambadde and Trade Cabinet Secretary Betty Maina of Kenya, the two countries agreed that Uganda will export 90,000 tonnes of the commodity to Kenya as soon as the verification exercise on country of origin is completed. According to reports by Daily Monitor, this will now account for 43 per cent…

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Nigeria bans importation of refined sugar, derivatives from Free Trade Zones protecting sugar master plan

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NIGERIA – The Federal Government has prohibited the importation of refined sugar and its derivatives from the nation’s Free Trade Zones (FTZs) into the Nigerian Customs Territory. According to reports by This Day, the move is aimed to protect the sugar industry, which is governed by the Nigerian Sugar Master Plan (NSMP). The NSMP provides a framework for motivating investment in the local production of refined sugar by securing the Nigerian Sugar market for investors in the Backward Integration Program (BIP). It does this by providing import sugar allocations for…

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Peter Boone to succeed Antoine de Saint-Affrique as Barry Callebaut CEO

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SWITZERLAND – Leading cocoa processor and chocolate manufacturer, Barry Callebaut has announced that Peter Boone,  its current Americas zone president, will succeed Antoine de Saint-Affrique as the company’s CEO. Antoine de Saint-Affrique has served as CEO since October 2015 and will be stepping down at the end of the group’s fiscal year paving way for Boone who will take on the role of CEO on 1 September 2021 Boone joined the company as chief innovation officer in 2012 and has served as Barry Callebaut Americas region president since September 2017.…

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Flour Mills of Nigeria expands sugar project with acquisition of additional land

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NIGERIA – Flour Mills of Nigeria (FMN), one of Nigeria’s leading foods and agro-allied groups has announced it has acquired an additional 5,200 hectares of land in Sunti Golden Sugar Estates located in Mokwa, Niger state, in line with its expansion plans. The investment is a move to further reaffirm its commitment to the backward integration strategy of the Nigerian Sugar Master Plan, as well as the overall growth of the sugar industry in Nigeria. According to reports by Nairametrics, the upland acquisition will bring the total land size of…

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DouxMatox proves scalability of novel sweetener with launch of low sugar spread in US market

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US – Israeli food technology startup, DouxMatok has launched a new spread using nearly 50% less total added sugar than other products of similar kind, to prove the ability for its sugar reducing product to be used at a larger scale. Called Incredo Spreads, are available in the US market for a limited time and have nearly 50 percent less total added sugar than other leading products while also offering nutritional fibers. Incredo Sugar, which features in the spreads, is based on a sugar reduction solution made from real cane…

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