Cargill’s profits more than doubled during its fiscal third quarter as it benefited from the recovering economy across all sectors, particularly in developing countries, the company has said.
Cargill has reported a 65 percent drop in earnings for the first quarter of fiscal 2010 from the same period last year, partly due to the company’s investment in phosphate and potash suppliers The Mosaic Company.
The Venezuelan government temporarily seized a Cargill pasta processing plant on Friday, claiming that the food giant has broken regulations governing food pricing, according to the Associated Press.
Cargill has taken a heavy hit to its earnings in all its business segments in Q3, as the effects of the global downturn hit home, but remains confident of a bounce-back when conditions allow.
Clutched to the president’s chest like a medal of nationalisation, Cargill Venezuela cannot be sitting very comfortably this week as it awaits the fate of its rice plant.
Cargill has released a high fiber vitamin and mineral-enriched base for cookies and bars designed for manufacturers to customize with their own ingredients.
Cargill’s net earnings for the second quarter of 2009 have increased 25 percent but, despite a solid overall performance, the results for its food segment declined.
Cargill’s accountability record has come under scrutiny in a new report which assesses the performance of some of the world’s most powerful corporate, intergovernmental and non-governmental organizations.
As both PepsiCo and Coca-Cola gear up to launch beverages sweetened with stevia, it could be that their common supplier, PureCircle, is the real winner in the race to be first to market.
Cargill has started production of two new xanthan gum products out
of its facility in China, after implementing technology transfer
from France and ensuring quality and safety standards meet
requirements.
Cargill yesterday gave a name to its stevia brand, further to the
publication of an overview of the science supporting the use of
rebiana as a sweetener.
Chinese ingredients company GLG Life Tech has signed a 10-year
agreement to supply Cargill with extract from the stevia plant to
make its rebiana sweetener.
Ingredients firm Cargill yesterday completed the expansion of its
Polish wheat processing facility, designed to meet consumer demand
across the European bloc.
Cargill has reported strong growth for its third financial quarter,
largely due to increased demand for agricultural commodities in
developing countries as well as swelling global energy needs.
Ingredients firm Cargill yesterday announced the construction of
its first ever sugar refinery in the US, as part of the company's
plans to provide all possible sweeteners or sugars to the food
industry.
Cargill has developed a new functional system for the creation of
frozen desserts and lollies with a chewy-creamy texture, a concept
that could engender much innovation amongst manufacturers.
Cargill is stepping up its sales capacity in the Middle East with a
new base in Dubai for Texturizing Solutions that will allow it to
collaborate more closely with customers in the region.
Cargill is continuing its long-term investment in its hydrocolloids
business with a €3m investment in its factory in Baupte, France,
which is aimed at improving productivity and maintaining the
highest quality standards.
PureCircle has secured an extension to its agreement with Cargill
to supply its stevia-derived Reb-A until mid-2010, helping to
ensure availability for what is tipped to be the next big thing in
sweeteners.
Cargill has helped MolliCoolz develop cryogenically frozen ice
cream beads that do not melt and fuse together during distribution
and storage using its proprietary Daritech stabilizer.
Coca-Cola and Cargill will move to introduce their stevia sweetener
product in countries where the ingredient is already approved, the
firms have confirmed.
US ingredients company Cargill today said it will increase cocoa
product operations at the Sao Paulo plant in Brazil, as rising
incomes in the country push up local demand for chocolate.
Cargill Texturizing Solutions has expanded its lethicin offering
along quality lines, making four different grades available to
cater to manufacturers' precise needs and budgets.
US ingredient giant Cargill is expanding its line of high oleic
canola products, on the back of customer demand for oils and
shortenings with no trans fat and low levels of saturated fat.
Agri-business giant Cargill has engaged in a joint venture with
Spain's largest olive oil producer, Hojiblanca, to source, trade
and supply customers worldwide with private label and bulk olive
oil.
Cargill was this week slapped with an E coli lawsuit related to
contaminated frozen ground beef products sold by the firm's Meat
Solutions Corporation.
US-based agro and ingredients giant Cargill has launched a new salt
reduction system, which claims to allow food manufacturers to cut
the sodium content in their products by up to 50 percent.
Cargill is to move towards full ownership of a leading grain and
oilseeds firm in Hungary, as the US agricultural giant continues
its strategy of expanding its presence in Central and Eastern
Europe.
US based cocoa producer Cargill has developed a new method of
processing cocoa which allows for reduced fat content and greater
dispersibility in cocoa powder.
Minneapolis-based Cargill has announced that its Regenasure
ingredient, the only non-animal glucosamine available on the
market, has been determined generally recognized as safe (GRAS).
Leading US ingredient firm Cargill has announced the appointment of
a new chief executive officer, a move that comes in the same week
as a leadership reshuffle in competitor ADM.
Cargill has announced the launch of a proprietary ingredient system
to increase fiber content and maintain crispiness, as the company
expands its health-promoting solutions portfolio.
Cargill plans to use next month's Health Ingredients Europe event
to unveil a number of products that food and beverage manufacturers
can use in future product launches.
Leading US ingredient firm Cargill last week reported strong fiscal
year earnings, although the performance of the firm's food
ingredients business lagged the year-ago level.
Cargill has taken full control of its xanthan gum joint venture in
China, opening the way for it to take a bigger share of the
competitive gums market.
A sweetener system for bakery products is designed to reduce the
fat and calorie content of baked goods without altering the taste
and texture, according to manufacturer Cargill, which introduced
its product at the IFT show in Orlando...
Cargill will no longer have a presence in the hazelnut processing
industry once the agreed sale of its Turkish hazelnut processing
business goes through.
Cargill's finalised acquisition of a major Thai tapioca flour
business in Thailand underlines its commitment to establishing a
globalised ingredient-sourcing network.
Cargill plans to highlight its growing focus on texturising and
sweetness functionality solutions at a series of major events
across Europe this spring.
Cargill is looking forward to exhibiting a range of new
health-focused ingredients at next month's Vitafoods exhibition
following its successful acquisition of Degussa Food Ingredients.
