The partnership will focus on the corn supply chain shared by companies in Iowa, where Cargill sources from local farmers, producing ingredients used in some of PepsiCo’s products.
Launched in 2012, Nutricorn has many benefits: it has the advantage of substituting nuts without containing major allergens (no nuts, no gluten), it is also a "superfood" rich in protein, fiber and minerals.
A renaissance is underway in the chip category. Consumer interest in natural foods and ancient grains is influencing the category and driving growth of multigrain chips.
Corn production is forecast at 14.4 billion bushels, up 3% from both August and 2013, while soybean production is anticipated at 3.9 billion bushels, up 3% from August and 19% from 2013. The California Navel orange production for the 2014-2015 timeframe was pegged at 1.62 million tons, dropping 4% from the previous season, says a USDA report.
Last month, I had the opportunity to offer testimony in support of the Environmental Protection Agency (EPA) proposal to modestly scale back the amount of ethanol required to be produced under the Renewable Fuel Standard (RFS).
Much of the Midwestern U.S. is still suffering from one of the worst droughts in decades. Serious damage has been inflicted upon the corn and soybean crops, producing record-high prices for corn and soybean futures at the Chicago Board of Trade.