The transaction, initially announced in May 2025, strengthens Lallemand’s foothold in the global baking ingredients market
The drop is attributed to a continued reduction in planted area, part of a national strategy to manage long-standing oversupply challenges in the domestic market
FAS now projects imports at 8 million tonnes, down 2 million tonnes from its previous estimate but still 1 million tonnes higher than the 2024-25 figure
This marks the first time the duty has been eliminated since it was introduced in 2021.
The acquisition gives Ferrero ownership of WK Kellogg Co’s extensive portfolio of iconic cereal brands