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February 04, 2013

04/02/13: Global grain stocks dip; Novozymes buys Iogen Bio-Products; Indian rice mills set for modernisation

Global grain stocks are dangerously low as 2012 consumption outweighs production says the Earth Policy Institute.
The world produced 2,241 million tons of grain in 2012, a dip of 75 million tons from 2011. Global grain consumption also dropped significantly for the first time since 1995. However, overall consumption still exceeded production.

Novozymes has bought enzyme business, Iogen Bio-Products, for CAD 67.5 million
The deal provides Novozymes with all commercial rights to Iogen Bio-Products’ existing product portfolio, pipeline, facilities and know-how. Novozymes acquires all of Iogen Corporation’s industrial enzyme business. 

Rice mills in Uttar Pradesh, India are to get state support for modernisation. The government is developing a plan to control in the milling process, so that the finished rice fetches better price.
Grain
Grain (Photo credit: Wikipedia)

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