Cargill has said it intends to create a new sweeteners and starches joint venture in Saudi Arabia with agri-business firm Arasco, saying it will give the company a foothold in the fast-growing Middle East and North African market.
The Blommer Chocolate Company has established the joint venture firm GrowCocoa with ingredients supplier Olam International to allow the companies to move into Latin America and new cocoa origins in Africa.
Blommer Chocolate, Petra Foods, and Cemoi Chocolatier have created a joint venture that will establish 30 fermentation centres to improve the supply of high quality, fermented cocoa from the Ivory Coast.
Imperial Sugar received an offer of acquisition earlier this week,
while Cargill announced its intentions to further invest in
Brazilian sugar and General Mills had its rating outlook revised
from negative to stable.