As the Reuters Food and Agriculture Summit is underway in Chicago, IL, we’ve been seeing some interesting news from leaders of the food and commodity sector.

Of note, James Borel, executive VP of DuPont, overseeing agriculture and nutrition businesses, says he expects soy supplements, primarily protein derived from soybeans, to see the strongest growth in 2012.

burcon blog

burcon blog
Soy Protein Up, Food Prices Down in 2012

As the Reuters Food and Agriculture Summit is underway in Chicago, IL, we’ve been seeing some interesting news from leaders of the food and commodity sector.

Of note, James Borel, executive VP of DuPont, overseeing agriculture and nutrition businesses, says he expects soy supplements, primarily protein derived from soybeans, to see the strongest growth in 2012. 

“Soy protein has a lot of health benefits and food companies are anxious to get protein into foods,” Borel said on Tuesday at the summit in Chicago.

“You’ll continue to see soy protein in more types of drinks and foods,” he said.  “That’s one area that continues to expand.”

 It’s great to see a major food and agriculture participant recognize soy protein’s health benefits and its role in feeding 10 billion people over the next 40 years.  The high cost of animal protein production is pressuring food and beverage suppliers to find alternative protein sources.  Switching to the more sustainable plant protein production is crucial to helping feed our growing population.

Here’s another piece of good news:

Improved grain supplies in 2012 are expected to help lower food prices after seeing world food prices hit a record high in 2011.  A senior grain analyst and economist at the UN’s Food and Agriculture Organization (FAO) commented at the summit,

“We do expect the food prices in 2012 to be averaging perhaps slightly below 2011.  We expect also slightly less volatility this year compared to last year because of better inventories,”

“What distinguishes this year from last year is that we have better inventories for certain crops”

It sounds as though 2012 may be a good year for the food and agriculture sector. 

 

Sources:

DuPont sees protein demand lifting soy sales

Better supplies to drive world food prices lower in 2012

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