A Trader Turns To Food Science
Bloomberg Businessweek US|April 10 - 17, 2023 (Double Issue)
Ag merchant Bunge is helping develop new recipes for fast-food chains and packaged-goods purveyors reeling from war
A Trader Turns To Food Science

When agricultural exports through the Black Sea plummeted following Russia's invasion of Ukraine, big food companies suddenly found themselves scrambling to find alternative sources of grains and oilseeds. But processed foods these days are complex mélanges of stabilizers, additives, preservatives, sweeteners, salt and flavorings in addition to basic ingredients. So a shift in one component-even changing the provenance of the sunflower oil-can require tweaking the entire recipe to maintain the precise taste and texture consumers expect.

For Bunge Ltd., a 205-year-old agricultural trading house, that presented an opportunity. In the past five years, the company has quintupled spending on research aimed at helping fast-food chains and packaged-goods purveyors such as Unilever Plc and Lotte Corp. develop new recipes and quickly adapt old ones if they need to pivot to a different source or change ingredients.

Today, Bunge (BUN-ghee) has 15 "innovation centers" in nine countries, with more than 200 food scientists working on such initiatives. "We had a big customer base reliant upon those commodities that we had planned to bring in from the Black Sea," Aaron Buettner, Bunge's president of food solutions, says while sampling the company's vegan meatballs and nachos at its headquarters in St. Louis. "Our European team was working on conversions and tests seven days a week."

It was the near-halt in exports of sunflower oil from Russia and Ukraine that did the most damage, because the oil's high smoke point and neutral taste and color are hard to replicate. Although Buettner wouldn't disclose details, he says Bunge was able to shift some customers to sunflower oil sourced from western Europe or Argentina. And Bunge's food scientists helped others-producers of breads, salad dressings, chips, cookies and more-replace sunflower with canola or palm oil. "We had to organize a response customer by customer," Buettner says.

This story is from the April 10 - 17, 2023 (Double Issue) edition of Bloomberg Businessweek US.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

This story is from the April 10 - 17, 2023 (Double Issue) edition of Bloomberg Businessweek US.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

MORE STORIES FROM BLOOMBERG BUSINESSWEEK USView All
Instagram's Founders Say It's Time for a New Social App
Bloomberg Businessweek US

Instagram's Founders Say It's Time for a New Social App

The rise of AI and the fall of Twitter could create opportunities for upstarts

time-read
4 mins  |
March 13, 2023
Running in Circles
Bloomberg Businessweek US

Running in Circles

A subscription running shoe program aims to fight footwear waste

time-read
3 mins  |
March 20 - 27, 2023
What I Learned Working at a Hawaiien Mega-Resort
Bloomberg Businessweek US

What I Learned Working at a Hawaiien Mega-Resort

Nine wild secrets from the staff at Turtle Bay, who have to manage everyone from haughty honeymooners to go-go-dancing golfers.

time-read
10 mins  |
March 20 - 27, 2023
How Noma Will Blossom In Kyoto
Bloomberg Businessweek US

How Noma Will Blossom In Kyoto

The best restaurant in the world just began its second pop-up in Japan. Here's what's cooking

time-read
3 mins  |
March 20 - 27, 2023
The Last-Mover Problem
Bloomberg Businessweek US

The Last-Mover Problem

A startup called Sennder is trying to bring an extremely tech-resistant industry into the age of apps

time-read
10+ mins  |
March 20 - 27, 2023
Tick Tock, TikTok
Bloomberg Businessweek US

Tick Tock, TikTok

The US thinks the Chinese-owned social media app is a major national security risk. TikTok is running out of ways to avoid a ban

time-read
10+ mins  |
March 20 - 27, 2023
Cleaner Clothing Dye, Made From Bacteria
Bloomberg Businessweek US

Cleaner Clothing Dye, Made From Bacteria

A UK company produces colors with less water than conventional methods and no toxic chemicals

time-read
3 mins  |
March 20 - 27, 2023
Pumping Heat in Hamburg
Bloomberg Businessweek US

Pumping Heat in Hamburg

The German port city plans to store hot water underground and bring it up to heat homes in the winter

time-read
3 mins  |
March 20 - 27, 2023
Sustainability: Calamari's Climate Edge
Bloomberg Businessweek US

Sustainability: Calamari's Climate Edge

Squid's ability to flourish in warmer waters makes it fitting for a diet for the changing environment

time-read
4 mins  |
March 20 - 27, 2023
New Money, New Problems
Bloomberg Businessweek US

New Money, New Problems

In Naples, an influx of wealthy is displacing out-of-towners lower-income workers

time-read
4 mins  |
March 20 - 27, 2023