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Archer Daniels Midland Company (ADM) - free report >>
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Archer Daniels Midland Company (ADM) - free report >>
Ingredion Incorporated (INGR) - free report >>
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Archer Daniels Partners with GLG to Sell Stevia & Monk Fruit
Nowadays, most people try to adopt healthy lifestyles and food habits. Thus, they are more cautious about the nutritional values of the food they consume. Based on this trend, Archer Daniels Midland Company (ADM - Free Report) , one of the top global food processing companies, collaborated with GLG Life Tech Corporation, a leading supplier of zero calorie natural sweeteners, to produce non-GMO stevia and monk fruit ingredients.
Per the agreement, GLG Corp. will produce a wide variety of low-calorie sweeteners from stevia and monk fruit, while Archer Daniels will market and distribute the components to food and beverage companies globally.
This arrangement creates a large number of opportunities for both GLG Corp. and Archer Daniels, and their valuable customers.
The U.S. government is now asking companies to record the level of sugar content in their packaged foodstuffs, thus requiring food industries to use low-calorie sweeteners, per sources. This indicates a positive move toward reducing diabetes and other related diseases.
The demand for healthy and tasty food and beverages is increasing day by day, and we believe that these two corporations will satisfy the requirements of such consumers with strong commitments.
Currently, Archer Daniels carries a Zacks Rank #3 (Hold).
Stocks to Consider
Some better-ranked stocks in the same industry include Fresh Del Monte (FDP - Free Report) , sporting a Zacks Rank #1 (Strong Buy), and Calavo Growers (CVGW - Free Report) and Ingredion Inc. (INGR - Free Report) , both carrying a Zacks Rank #2 (Buy).
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