WESTCHESTER, ILL. — Ingredion is divesting its business in South Korea to an affiliate of the Sajo Group. The Sajo Group is a food company with headquarters in Seoul, South Korea. Terms of the divestment were not disclosed; however, the transaction…
HALIFAX, NOVA SCOTIA — A new association has been formed to support the alternative seafood industry called Future Ocean Foods. The group aims to promote food security, human health, environmental stability and ocean conservation. Group members will use plants and cells…
PURCHASE, NY. — Mexican-inspired snack company Chuza has been selected as the winner of PepsiCo’s eighth class of the Greenhouse Accelerator program. This year marked the first Juntos Crecemos (Together We Grow) edition of the accelerator program, which focuses on supporting…
Home » Corn futures sink to multi-year lows Source: Sosland Publishing Co. Recap for November 10 Corn futures declined to near three-year lows Friday and posted a third straight weekly loss a day after the USDA raised its estimate for…
LONDON — Tate & Lyle, PLC in the second half of the fiscal year expects progress in line with its five-year goal with revenue reflecting both momentum and the impact of the expected pass-through of input cost deflation. “Following this…
Home » Corn, soybeans, wheat drop on USDA data Source: Sosland Publishing Co. Recap for November 9 Corn futures declined Thursday after the US Department of Agriculture raised its forecast for the US 2023 corn crop to a record-high 15,234…
WASHINGTON — The US Department of Agriculture in its Nov. 9 World Agricultural Supply and Demand Estimates (WASDE) report forecast higher US sugar production in 2023-24, lower imports and just slightly higher total supply and ending stocks. The USDA forecast…
BATTLE CREEK, MICH. — “From this point forward, everything we do is in service of cereal,” said Gary H. Pilnick, chairman and chief executive officer of WK Kellogg Co. In WK Kellogg’s first earnings call as an independent company following…
VIBY, DENMARK — Arla Food Ingredients’ has introduced three new formulated milk powders targeted to aid in healthy ageing for seniors. The powders include: Healthy Ageing Balanced Nutrition, Healthy Ageing Digestive Focus, and Healthy Ageing Low Fat. The powders are private…
WESTCHESTER, ILL. — An ability to mitigate the impact of cost increases through multiple levers, including pricing and mix improvements, operational excellence and productivity initiatives served Ingredion well during the third quarter of fiscal 2023, said James P. Zallie, president…
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