August 23, 2018 / 2:44 PM / a month ago

Cargill to build plant in Brazil to produce ingredient pectin

SAO PAULO, Aug 23 (Reuters) - Cargill Inc on Thursday said it will invest 550 million reais ($140.59 million) to build a new plant in Brazil in 2019 to produce the food ingredient pectin.

According to a statement, Cargill plans to export future pectin production in Brazil to several of its markets abroad. The ingredient, which is made from citric fruits, is a texturizer used in jams, beverages, dairy products and confectionery.

$1 = 3.9122 reais Reporting by Roberto Samora and Marcelo Teixeira Editing by Chizu Nomiyama

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