[NOTE: Marubeni owns Columbia Grain in Portland. Gavilon co-owns Kalama Export with Archer Daniels Midland and Mitsubishi.]
Agribusiness giant Bunge Ltd on Thursday admitted the historic U.S. drought had tripped up its well-connected risk management team and also said its chief executive will step down.
The disclosures came as Bunge, one of the world’s top agricultural trading houses, reported it swung to an unexpected loss in the quarter ended Dec. 31. Excluding [...]
The following list is a sidebar of the article below this one. From The Independent:
ADM (Archer Daniels Midland) US-based corporation operating in 75 countries. Runs 265 processing plants converting corn, wheat and cocoa into food and animal feed and for energy.
Bunge Founded in the Netherlands in 1818, now with its headquarters in [...]
Mainstream boy band takes on Big Grain: As part of the campaign to end hunger, popular British band One Direction says that “big corporations [named by the campaign as Archer Daniels Midland, Bunge, Cargill, Glencore and Louis Dreyfus] avoid paying millions in taxes to Africa every day,” and that “if we stop [...]
GrainCorp, Australia’s last remaining independent listed agribusiness, has rejected a sweetened takeover bid from US food giant Archer Daniels Midland, arguing the $2.8 billion offer does not sufficiently value it.
ADM’s offer was increased to $12.20 this month, plus allowing shareholders to retain the 35 cent dividend, from $11.75 per share offered in October.
U.S. agriculture giant Archer Daniels Midland raised the stakes in the global race for grains trading power last week, by seeking talks to buy smaller Australian shipper GrainCorp to build up its platform in Asia.
The 10 percent purchase comes at a time of dramatic consolidation in the global grains sector amid intense competition to [...]
Global food prices spiked 10 percent in July, following unprecedented summer droughts and record high temperatures that devastated agricultural production in the U.S. and Eastern Europe, putting millions of people at risk of starvation in developing parts of the world that are dependent on food imports.
“Countries in the Middle East and North and Sub-Saharan [...]
Cargill Inc. recently reported an 82% slide in fiscal fourth-quarter profit, citing tough trading conditions in beef and soybean processing and an economic and political environment that the agribusiness group has said distorts the pricing of risk.
Cargill’s global meatpacking, grain processing and food business is viewed as an industry bellwether and, like rivals such [...]
Major grain-trading companies shut down grain elevators in Louisiana to take precautions as Tropical Storm Isaac advanced toward the U.S. Gulf Coast.
Archer Daniels Midland Co. (ADM) closed four elevators and its port operations in New Orleans, and rival Cargill Inc. said it was working on closing two elevators near the city.
Cargill Inc said on Thursday that quarterly earnings fell 82 percent, the giant U.S. agribusiness firm’s worst quarter in more than 20 years, hurt by volatile commodity markets and weak margins in key areas like beef and oilseeds.
The results, the third weak quarter in the last four, were for the three months ending in [...]
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