(Reuters) – The chief of Bunge Ltd. said on Sunday the Brazilian sugar and ethanol industry was at a turing point but although better times were ahead and expansion set to take place, they may come later than the market needs.
Speaking at the Dubai Sugar Conference, Soren Schroder said at a panel Brazil was the only country of origin with the potential to fill the demand gap in sugar.
“We can argue that it is the uncertainity of the last 7-8 years that will make it very difficult to get that expansion,” he said.
“The industry is very fragile…it needs a period of stability to meet that expansion.”
Schroder said in order to balance global demand, Brazil needed to increase crushing by over 200 million tonnes by 2025. (Reporting By Maha El Dahan and Rania El Gamal; Editing by Nick Macfie)
Cécile Béliot has assumed the role of Bel Group chief executive officer, following the decision to separate the roles of chairman and CEO. The separation of the functions will enable Bel Group to develop in three areas of healthy snacking. Meanwhile, the company’s former CEO, Antoine Fiévet, has had his mandate renewed as chairman of the board.
US Food and Drug Administration (FDA) Commissioner Dr. Robert Califf was grilled by lawmakers during a House Appropriations subcommittee hearing, where he was slammed over the agency’s handling of the escalating infant formula shortage.
Sweegen is ramping up its efforts to reduce sugar across F&B applications while simultaneously tapping into the benefits of using antioxidants and bitter blocking technology. Speaking to FoodIngredientsFirst, Casey McCormick, vice president of global innovation at Sweegen, says product developers can find a broad range of solutions in Sweegen’s nature-based sweetener systems as brands elevate better-for-you foods.
