Oil ingredient supplier Archer Daniels Midland said on Wednesday it
will close operations at a Brazilian soybean crushing, refining and
bottling plant.
Health ingredients manufacturer Fenchem says its newly certified
range of non-GMO products will lead the way in building confidence
in Chinese manufacturers, reports Dominique Patton.
Food makers using soybeans suffered further price increases last
month as a worsening drought reduced production in Brazil and
pushed US soybean prices in February up around $1 a bushel, said
the USDA this week.
Finnish vegetable oil maker Suomen Rehu strengthens market
synergies buying a majority stake in rapeseed and soy oil firm
Mildola Oy, writes Lindsey Partos.
Archer Daniels Midland said yesterday that it has acquired Solae's
global soy isoflavone business, including its entire portfolio of
US and foreign patents.
Global stocks of soybeans continue to rise after last year's price
spiking draw-down, with oilseed production for 2004-05 projected to
reach 390.2 million tonnes, providing a 'comfort-zone' for
inventory levels.
Prices for key raw materials used by the food industry are lighter
this month on gains in wheat, corn and soybean inventories, but
analysts suggests wheat prices are open to upside risk.
Prices for key raw materials used by the food industry are lighter
this month on gains in wheat, corn and soybean inventories, but
analysts suggests wheat prices are open to upside risk.
Bunge, the biggest processor of oilseed in the world, was extremely
upbeat about its results yesterday, despite volatility in the
fourth quarter keeping profit back to five percent, writes
Philippa Nuttall.
Canadian firm SunOpta last week signed an agreement with MicroSoy
of Jefferson, Iowa to market its toasted soy flake ingredients in
the North American market.
Wheat prices are still open to risk as low global stocks provide
little buffer to surprise supply shocks but soybean prices should
remain low on record high global inventories, writes Lindsey
Partos.
Novoye Sodruzhestvo, a Moscow-based holding company, intends to
build Russia's largest soybean processing plant, according to the
news provider Interfax.
A report from market researcher Mintel suggests that soy may be
falling out of favor with consumers, and that food manufacturers
are having to be more imaginative in their bid to encourage them to
include it in their diets.
China continues to pull on global commodities with demand for US
soybeans rising in 2004/05 by nearly 50 per cent on the previous
year, reports Lindsey Partos. China's total contracts for
soybeans reached 6.6 million tonnes by...
Food makers sourcing soy ingredients from Brazil will be interested
to see that the country will not issue another decree to
temporarily lift the ban on the planting and sale of genetically
modified soybeans for the upcoming season.
As demand for soybean oil in food formulations keeps on rising US
agri giant Cargill has opened opens its sixth processing plant in
Brazil. But at the same time, the €1.04bn private firm said poor
returns on its High Fructose Corn...
Faced with capacity problems due to growing business over recent
years Danish emulsifier supplier Palsgaard has poured €10 million
into expanding its emulsifier facilities in Denmark.
US agribusiness Archer Daniels Midland (ADM), one of the world's
largest processors of soybeans, saw double-digit sales growth for
the year but overall profits were hit by an unpredictable
agribusiness market.
Health concerns continue to drive market growth for soy ingredients
but prices have risen over the past year due to a squeeze in
supplies. However, favourable weather conditions for soybean crops
in the US could offer some relief...
As the food industry answers consumer health concerns expanding the
use of soybean-derived ingredients in food formulations, volatility
in price for the crop is set to continue with few signs that
supplies will improve this year.
China will continue to pull on tightening world oilseed and grain
supplies as the country's highly stretched agriculture sector
struggles to keep up with surging domestic demand.
Regular intake of soyfoods is associated with a reduced risk of
endometrial cancer, finds a large study of Chinese women published
in tomorrow's British Medical Journal (vol 328, p1285).
At the beginning of the year Israel-based soy proteins specialist
Solbar, announced its move into the soy proteins in China. Simon
Pitman spoke to the company about the project and discovered
that soy protein demand is a major driving...
Bunge Europe, part of the US-based Bunge global agribusiness and
food company, has entered into a 50-50 joint venture with Estron
Corporation to build an oilseed crushing plant in the port of
Ilyichevsk, Ukraine.
Bunge, the world's leading oilseed processor, has extended its
presence in eastern Europe through a new joint venture with
Ukrainian firm Estron. The two companies will build a new oilseed
crushing plant strategically located...
The recent escalation of raw material, manufacturing, energy and
packaging costs will result in an increase in price for soy protein
ingredients, says the Solae company, as soybean prices hit 15 year
highs and the firm passes rises...
Taking supplements of soy isoflavones, thought to help women fight
menopause symptoms and offer other health benefits, may not be
equally beneficial for men, suggests new animal research, writes
Dominique Patton.
Signs that rising global commodity prices are starting to move
along the food chain to food makers and retailers were clear this
week when the frozen vegetable giant Birds Eye Foods announced a
rise in product prices across the board.
Taking supplements of soy isoflavones, thought to help women fight
menopause symptoms and offer other health benefits, may not be
equally beneficial for men, suggests new animal research.
Smart risk management moves guided the world's leading oilseed
processor Bunge to a massive 75 per cent rise in income for the
first quarter as the price of soybeans reached 15 year highs on
poor crop harvests last year.
High prices for soya raw materials keep on rolling, but new
research from the Netherlands confirms the benefits that soya
proteins can offer food manufacturers on the hunt for meat
substitutes.
Companies working with soy and soy derivatives face continuing
price rises for the raw material as the US - a leading global
producer and exporter of the crop - raises concerns about the
'unusually low soybean stocks level'...
Fearing the invasion of the devasting soybean rust, the American
Soybean Association (ASA) has repeated its call for a temporary ban
on South American soybean imports, despite assurances from the Bush
administration that trade would...
A survey of sunflower and soya oil manufacturers in Russia reveals
that they are struggling against poor soy bean supplies, out-dated
production equipment and excessive market competion. Although
manufacturers still envisage market...
As soyoil prices hit 19 year highs, poor soybean harvests and
increased demand from China take their toll on the world's leading
oilseed processor with Bunge North America announcing that from
early this month it will idle production...
In a move that could turn the Russian market for soy beans on its
head, Yug Rusi, a major agri-business group there, has confirmed it
is considering plans to start growing soy beans in Brazil.
The price of soy ingredients could ease in the next twelve months
for manufacturers and processors as the US government predicts
farmers, on the back of rising soybean prices, will plant more
soybeans for the 2004-05 marketing year.
As avian influenza continues to sweep across Asian poultry flocks
the global soybean market seeks to assess the fallout, estimating
up to 3 million tonnes of soybean in lost business. Currently
driving the international market for...
Mad cow disease, bird flu and a poor US soybean harvest failed to
rock quarterly profits for the world's largest oilseed processor
Bunge. But the company held back from rising future earnings
outlook because of market volatility.
Shemen Industries, Israel's leading producer of edible oils and
soya meals, is in negotiations with US agri-giant Cargill over a
future partnership with its soy isoflavones division, according to
a report in the Globes Online.
Leading isoflavone producer Novogen has launched a research centre
that will provide consumers and the media, increasingly drawing
attention to isoflavone supplements, with the latest information on
the plant-derived compounds.
The Russian government recently lifted import duties on soybeans,
corn and fishmeal for nine months starting 25 January, reports the
American Soybean Association, opening the way for soy movements in
the East.
China's soybean shopping team left for the US this week. Top of the
list? Contracts in the range of 1.5 million tonnes of soybeans,
predicts the Chinese government.
ADM Natural Health and Nutrition has expanded its range of soya
isoflavone concentrates for use in food and food supplements.
Novasoy 700 has a minimum 70 per cent isoflavone content and
Novasoy 200 is a 20 per cent isoflavone concentrate.