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The expected declines could increase pressure on grain supply chains serving the country’s food manufacturing, milling and livestock feed industries.

These clean-label, high-protein bakery mixes help bakers create protein-rich bakery products with great taste, softness, and consistency, without the off-flavours, dryness, or dense textures often associated with high-protein products.

The acquisition builds on Novonesis’ 2013 investment in MicroBioGen and its existing 23% ownership stake.

These projects build on Cargill’s broader renewable electricity efforts, including six VPPAs in North America and a global portfolio of more than 100 renewable energy projects across 30 countries.

Company completes spin-off of seed business, well positioned to advance its robust pipeline with 12 new actives, including 5 biologicals, for launch in the next decade.