PARIS, France (Reuters) — Louis Dreyfus Co. has posted higher first-half sales volumes and a drop in profit as the commodity group faces rising supply and lower prices of some major crops. LDC, one of the world’s largest crop traders and processors, said its core earnings were US$1.057 billion in the first six months of […] Read more
Tag Archives Louis Dreyfus Co.
Pea protein sector goes to the dogs (and cats)
The human food side of the pea protein business continues to grow, but pet food remains the ingredient’s dominant user
WINNIPEG — In June, Louis Dreyfus Co. broke ground at its new pea protein plant in Yorkton, Sask. The processing plant could be completed by the fall of 2025 and may be operational in the spring of 2026. The new facility will add to an expanding supply of pea protein that is processed in Western […] Read more
Canada takes reins after poor Aussie lentil crop
Drought should bode well for prices but haven't due to India's large stocks and good crops in Canada and Russia
SASKATOON — Canada is back in the driver’s seat in the red lentil market, according to pulse industry executives. It has managed to wrestle the steering wheel back from Australia after spending two years in the back seat. Related stories: “Australia was your price-maker and Canada your price-taker,” Mostyn Gregg, vice-president of grains and pulses […] Read more
New pea plant seen restoring reputation
SASKATOON — Louis Dreyfus Co.’s announcement that it is building a pea protein isolate plant in Saskatchewan should help restore Canada’s recently tarnished reputation, says an industry official. The industry suffered a setback when Merit Functional Foods, a pea and canola protein manufacturing plant in Winnipeg, was placed into receivership last year. Related stories: U.S. […] Read more
