USA: Cargill, Riceland Foods to form lecithin alliance
US agribusinesses Cargill and Riceland Foods are to form an alliance to manufacture, market and sell lecithin products.
As part of the agreement, expected to take effect 1 September, lecithin will be produced at Riceland’s Arkansas facility and marketed and distributed by Cargill, reported Dow Jones Commodities Service.
Lecithin, a refined liquid from soybean processing, is used in a variety of foods as a blending agent, dough stabiliser and egg substitute. It is also used in pharmaceuticals, dietary supplements and cosmetics.
Richard E Bell, president and chief executive of Riceland, a farmer-owned cooperative, said the alliance would allow Riceland to operate its lecithin manufacturing facilities at more efficient rates.
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