LIDL SOY PRODUCTS, Inc. (NYSE: LID) and its parent company, Nestlé Waters North America, are the two largest producers of soybeans in the world.
LIDC is the second-largest producer of soy in the U.S. with about $4 billion in annual sales, followed by LIDG (NYSE= LID), which has about $1.7 billion in sales.
Lidl, which was founded in the 1950s, is the world’s largest soybean producer.
Lids, however, is also the second largest supplier of soy products, behind only Nestlé.
Nestlé Waters North America is owned by Nestlé parent company PepsiCo.
According to the U to R Report, the report, Lids Soy is the most popular soybean in the country, with nearly 90% of all soybean purchases being made by Lids.
In 2014, the average price for Lids soybeans was $3.36 per pound, which ranked fifth in the nation, behind Iowa, Illinois, and Michigan.
LIDS soybeans are grown in several states, including New Mexico, Idaho, Arkansas, and Tennessee.
The company has operations in six countries and has contracts in more than 30 countries.
Lids is currently ranked as the number one soybean seller in the United States.
According to the company, soybeans were the largest export crop in the 2015-16 fiscal year, with soybeans accounting for about 90% (3.6 billion pounds) of all U. S. soybeans.
“The market for LIDS Soybeans is a very competitive one,” said Mark J. Johnson, the chairman and CEO of Lids International.
“In recent years, LIDS has become the leader in the soybean soybean market.
With our increased volume of soybean sales, we have achieved a significant level of penetration in the American soybean industry.”
According the report from the National Association of Food and Drug Administrations (NAFDA), the soybeans produced by LIDS are among the highest quality, which helps with the soy bean’s ability to meet consumer demands for a healthy diet.
The report also said that the average soybean price for a kilogram of soy was $2.84 in 2018, a 17% increase from 2017.
According the report , a kilo of LIDS was also more expensive than a kilobyte of soy.
For more information about Lids soya, visit www.lidssoy.com.
SOURCE: National Association of Drug Administrators (NADAAA)