Nearly 70% of the world's cocoa is grown by small-family farms in Africa, and startup company Pink Food Industries hopes to promote Uganda's cocoa industry with its line of locally-produced milk chocolate, cocoa powder, cocoa butter and white chocolate. Uganda is a smaller producer than the powerhouses of Ivory Coast and Ghana, but the appointment of a new Cocoa Development Board and plans to expand the industry to more than 50,000 hectares in the next five years show that the country is a "significant producer" to watch in the industry.
Goodman Fielder has sold its edible fats and oils business to Cargill in a deal that includes four refining facilities in Australia and New Zealand. Cargill, which will supply refined fats and oils to Goodman Fielder, said the acquisition will lead to new products and provide a "solid platform for future growth in Australia and New Zealand."
U.S. researchers have used canola oil, palm stearin and palm kernel oil to produce a margarine-type product that is trans-fat free. The research is good news for food manufacturers that increasingly are pressured to remove trans fats from their products.
Cargill has announced that it has started building a new cocoa-processing plant in Ghana that will produce cocoa liquid, powder and butter. The addition will help Cargill become competitive as the global cocoa demand increases.