Posts tagged "Cargill"

Europe still lags behind US in dairy alternatives while LATAM dairy surges

[20 July/Dairy Reporter] Latin America was one of the fastest growing markets for dairy, while Europe sales declined. Cargill revealed a recent project that provided consumer insights into texture, clean label and sugar reduction in dairy products. It was based on a survey of 13 countries and more than 5,200 grocery shoppers. Clean label dairy...

Cargill expands carrageenan extract portfolio for dairy desserts

[11 July/Dairy Reporter] Cargill has created a new carrageenan extract, Satiagel Seabrid, which can be used to bring creamy textures to dairy products. It is based on cultivated seaweed. Cargill said it created a supply of sustainably sourced ingredients that delivered a texture preferred by consumers. Dairy Application Specialist, Caroline Delabrousse, added from recent consumer...

Cargill opens up Korean market with distribution partnership

[16 July/GlobalMeat News] Cargill has collaborated with South Korean meat importer and distributer, AG Meats, to roll out its ultra-premium Excel beef product in South Korea. It would be sold in Korea’s three It’s Meat stores. Food safety was a priority of Cargill, and the Excel beef underwent a seven step regulated production system to...

Cargill takes stake in livestock-monitoring technology

[5 February/Food Dive] Irish Agritech start-up, Cainthus, has received investment from agribusiness giant, Cargill, and the companies have announced a partnership to develop monitoring technology for dairy farms initially.  The amount of the investment has not been disclosed.  Cainthus has developed a way to use predictive imaging technology to identify specific animals through facial and...

Tyson spreads its protein bets with minority stake in cultured meat start-up Memphis Meats

[29 January/Food Navigator USA] While some commentators predict a pitch battle between plant based, animal based and cellular agriculture, the largest meat-packer in the US, Tyson Foods, appears to be agnostic about its protein source with its venture capital arm taking a stake in cultured meat start-up Memphis Meats having already invested in plant based...

Cargill gives peas a chance through investment in Minnesota protein supplier

[18 January/Food Dive] Cargill has taken another step to position itself for the emergence of new forms of protein through an investment in Puris, Minneapolis based pea protein supplier.  Tyler Lorenzen, Puris President, said that the financial backing and market reach of Cargill will assist the company in expanding operations globally.  The company has recently...

Cargill to double cooked poultry output on mainland

[29 December /South China Morning Post] Agricultural trader, Cargill, will invest USD50 million to double its cooked poultry foods capacity in China in response to changing consumer tastes and growing demand from key customers like McDonalds and KFC. The company’s plant which is a fully integrated facility covering breeding, raising and processing, was opened in...

Cargill, an intensely private firm, sheds light on the food chain

[2 September/ The Economist (US)] Cargill’s expansion into the salmon business is part of a strategy designed to provide the company with access to higher-value markets and teach it how to deal with increasingly picky consumers. The expansion will also improve the company’s ability to handle traceability in established business areas such as meat; however,...

Cargill and other food industry giants join USD17 million funding round for clean meat co, Memphis Meats

[23 August/Food Navigator USA] Cargill together with other unnamed industry giants have joined a Series A funding round for cultured meat company, Memphis Meats, further indicating that traditional food companies are increasingly seeing opportunity in the clean food sector. The round was led by venture capital firm DFJ and included high profile individual investors, Bill...

Commodity trader Cargill expects grain glut to last a long time

[12 May/ Reuters] CEO of Cargill, one of the large ABCD agribusiness traders, David MacLennan said he expects grain markets to remain oversupplied for a long time due to bountiful harvests and a rise in storage.  He noted that there had several strong seasons back to back with near perfect growing conditions across North and...

Cargill profit jumps on beef demand, better grain margins

[4 October/ Reuters] Cargill has announced a 66 percent increase in net income from USD 512 million in the first quarter of 2015 to USD 852 million in the first quarter of 2016. The strong results came despite weak commodity prices and an oversupplied grain market. Cargill Chief Executive, David MacLennan said it was rewarding...

Cargill suspends business with IOI following RSPO fallout

 [22 July/ Food Navigator] Cargill, the agricultural commodities giant, has suspended new business with IOI and has told the palm oil supplier that it should take further action to resolve the charges that resulted in its suspension from the Roundtable on Sustainable Palm Oil in April. A Cargill representative said IOI had yet to deliver...

Cargill bets on midstream as it sells of feed lots

[11 July/ Agri Investor] Cargill has come to an agreement to sell two beef and cattle yards in Texas to Friona Industries, subject to approvals. Cargill Wichita President, John Keating said selling the yards allowed the company to redeploy tens of millions of dollars annually into investments that would help grow Cargill’s protein business. Mr...

Salmon Deal

[18 August/ The New York Times] Cargill has agreed to acquire salmon and trout feed supplier, EWOS for around USD 1.5 billion. The deal will see Cargill enter the salmon market for the first time, making it a leading supplier to salmon farms. Cargill President, David MacLennan said the deal was a strategic investment in...

Decision day for SFF looming

[13 April/ NZ Farmer Weekly] With strong speculation that numerous overseas investors have expressed interest in Silver Fern Farms proposed capital raising, crunch time is approaching for the meat industry, including farmers wanting greater level of ownership and control, and the Alliance Group which may lose an opportunity to take a major role in a...

Cargill sues Syngenta over seed dispute

[September 12/ The Financial Times] One of the largest agricultural product and food suppliers, Cargill is suing Syngenta in a US state court over a biotech seed which it is claiming has almost destroyed the corn trade with China. Late in 2013, China started to reject US corn imports on the basis that it could...