News

US: Stevia Corp signs Agro Genesis development deal

Most popular

Should Pernod dump wine, bunk up with Brown-Forman

Why Brown-Forman will be one of spirits' winners

Retaliatory tariffs "wild card" for Brown-Forman

The future of cannabis in the drinks industry

MORE

Stevia Corp has entered into a development agreement with Singapore-based agribusiness firm Agro Genesis.

//i2.aroq.com/1/556px-stevia_rebaudiana_foliage.jpg

The two-year deal sees US-based farm management company Stevia Corp become the exclusive distributor for Agro Genesis' crop production technique for stevia in the US, known as the 'g'farm system'. The technique is designed to use "sustainable farming practices and chemical-free solutions" to produce crops, Stevia Corp said yesterday (24 October).

The tie-up sees all technology-related patents resulting from the project become co-owned by Stevia Corp and Agro Genesis, with Stevia Corp maintaining first refusal rights for the use and distribution of yielded patents.

"We believe this agreement will significantly spur our growth in the sector," said Stevia Corp's president, George Blankenbaker. "Given the rapid global adoption of Stevia, the market is expanding at an amazing rate and we are committed to placing ourselves firmly in the forefront of the opportunity Stevia clearly represents."

In July, the EU's Standing Committee on Food Chain and Animal Health voted to recommend the use of stevia as an ingredient in food and beverages. A final ruling is expected later this year. In the US, the US Food & Drug Administration cleared the use of several ranges in 2008. In France, products containing stevia have been on sale for around two years.


Sectors: Soft drinks, Water

Related Content

Why stevia can still win in soft drinks - Comment

Why stevia can still win in soft drinks - Comment...

PureCircle looks to cash in on sugar taxes as demand for stevia increases

PureCircle looks to cash in on sugar taxes as demand for stevia increases...

Stevia

Stevia "requires further development", Coke Life will evolve - Coca-Cola Co COO...

Stevia cleared for use in India

Stevia cleared for use in India...

Oops! This article is copy protected.

Why can’t I copy the text on this page?

The ability to copy articles is specially reserved for people who are part of a group membership.

How do I become a group member?

To find out how you and your team can copy and share articles and save money as part of a group membership call Sean Clinton on
+44 (0)1527 573 736 or complete this form..



Forgot your password?