Archives for December 6, 2001

← 2001

ADM and others pursue higher 2002 sweetener prices

US grain company Archer Daniels Midland Co. said that it expects big price increases for corn sweetener next year as tightening capacity and industry consolidation give them more bargaining power.

EU fines price-fixing citric acid cartel

The European Commission said on Wednesday it had fined five companies a total of 135 million euros ($120.5 million) for participating in a price-fixing and market-sharing cartel in citric acid.

EU seeks agreement for food aid

The European Union said on Tuesday it would seek agreement in the World Trade Organisation (WTO) for all food aid to poor countries to be in the form of cash payments for purchases in local markets.

Cerestar opens starch plant in China

European-based starch producer Cerestar announced recently that, together with Chinese company, the Jiliang Group, it is to open a maize processing plant in Northern China.

One in seven UK elderly malnourished

One in seven elderly Britons suffers from malnutrition, even though Britain is one of the world's richest nations, according to a report published on Wednesday.