Ingredion Incorporated, a leading global provider of ingredient solutions to the food and beverage and industrial segments, announced a recommended all-cash offer for the acquisition of Tate & Lyle PLC, a global leader in mouthfeel, sweetening and fortification. The transaction implies a total enterprise value of approximately £3.7B ($5.0B), based on the pound sterling to U.S. dollar exchange rate on June 5, 2026.

The Acquisition represents a compelling opportunity to bring together two complementary businesses with a shared commitment to innovation, customer partnership and scientific excellence. Together, the combined group will be better positioned to help customers address evolving consumer needs by delivering products that are nutritious and affordable, with the taste, texture and quality that consumers expect. By combining complementary ingredient portfolios, technical expertise and geographic supply networks, the Acquisition will accelerate Ingredion’s ongoing transformation and enhance its ability to support customers as they address the trends reshaping the global food and beverage industry …

For more information please visit https://t1p.de/gdy6r

Results of the annual Commercial Citrus Inventory show total citrus acreage is 274,705 acres, down 17 percent from the last annual survey. The net loss of 57,551 acres is 14,505 acres more than what was lost the previous season. New plantings at 4,751 acres are down from the previous season.

All 23 published counties included in the table on page 3 showed decreases in acreage. Hendry County lost the most acreage, down 12,374 acres from the previous season. Polk County leads in citrus acreage with 58,516 acres, followed by Desoto County at 51,800 acres.

Orange acreage is now at 248,028 acres, down 18 percent from the previous season. Valencia acreage now accounts for 63 percent of the total orange acreage, non-Valencia acreage represents 35 percent, and the remaining orange acreage is unidentified …

Please download the full citrus crop production forecast: www.nass.usda.gov

All Citrus Value Up 6 Percent, Production Up 12 Percent

The USD 221 million preliminary on-tree value of the 2023-2024 citrus crop is 6 percent more than the USD 208 million revised value for 2022-2023.

Florida’s all citrus production in 2023-2024 is 20.2 million boxes, up 12 percent from the previous season’s 18.1 million boxes. All orange production increased by 14 percent to 18.0 million boxes. Non-Valencia production at 6.76 million boxes is up 10 percent from the 2022-2023 season. Valencia orange production at 11.2 million boxes is up 16 percent. All grapefruit production decreased 1 percent to 1.79 million boxes. Tangerine and tangelo production in 2023-2024 is down 6 percent from the previous season …

Please download the full citrus crop production forecast: www.nass.usda.gov