Aim of the joint venture is to become more competitive in overseas markets.

He replaces David Krejci, who is retiring from the organization.

It could be used in applications such as meat and dairy alternatives, beverages, baked foods, bars and ready-to-mix.

Acquisition supports company’s organic initiative.

The three diseases identified cost swine industry hundreds of millions of dollars annually.

It is planned Sept. 17-18 in Detmold, Germany.

Expected to start operations later this month, the facility will produce meal and oil.

Although output projected to rise 23%, it still lags 13% below 10-year average.

Transaction includes acquisition of company’s pork and milling operations.

As a result, OECD-FAO Agriculture Outlook predicts prices will remain at or below current levels for the next decade.