|
||||||
|
The Financial Times also reports that Cargill’s profits in the July-September quarter quadrupled, and Bunge’s profits in the same quarter more than doubled. Louis Dreyfus Commodities, one of the world’s biggest food trading houses, enjoyed a surge in profits last year as it stepped in to supply agricultural markets hit by the devastating US drought. [...]  Bunge North America, the North American operating arm of Bunge Limited, announced a leadership transition with the appointment of George Allard as vice president and general manager of its oils business effective April 1. Allard replaces Rodney Perry who is transferring to Bunge’s European office as vice president, food and ingredients for Europe, the Middle [...] 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 [...] From a Bunge rews release: Bunge North America, the North American operating arm of Bunge Limited (BG), has announced a leadership transition for its Canadian operations. Richard “Rick” A. Watson, who has served as country manager since 2008, will retire effective March 31, 2013. With this change, Karl Gerrand will join Bunge from Viterra, Inc., [...] 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 [...]
Guarani people in Brazil. Tribal representatives have said they ‘don’t want sugarcane planted on our land anymore…it harms our health, including the health of our children, and elderly people, and the poison contaminates the water.’ A US food giant has been implicated in a sugarcane scandal in Brazil that has kept an entire indigenous community [...] CHS Inc, the largest U.S. farm cooperative, last week said quarterly earnings jumped 75 percent from a year ago, boosted by strong commodity prices and a global network of facilities. The Minnesota-based company reported net income of $360.9 million for its fiscal fourth quarter ending August 31, up from $206.5 million a year earlier. Net [...] Bunge Ltd. (BG), Argentina’s second- biggest exporter, was excluded from the Cereals Register by the Argentine government amid a tax probe, the Official Gazette said today, without elaborating. Being excluded will postpone Bunge’s readmission later, a tax agency official who asked not to be identified because of the agency’s communications policy, said in a telephone [...] Japan-based Marubeni, owner of Columbia Grain in Portland and across the U.S., is an example of the growing power of a small number of grain traders. Many say this consolidation is nearing a monopoly and is detrimental to farmers and consumers. Marubeni/Columbia Grain is part to the Northwest Grainhandlers’ Agreement with ILWU Locals 4, [...]
Bunge has taken advantage of the unusual trading patterns caused by poor global weather, shipping corn to the United States from Brazil and exporting the grain from Ukraine. Bunge Ltd shares jumped on Thursday as the agribusiness giant doubled quarterly profits by mobilizing its global grain network to supply customers hit by the worst U.S. [...] 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 [...]
Suffocation from engulfment is a leading cause of death in grain bins, and the number of these deaths continues to rise. Statistics compiled by Purdue University show that 26 fatalities occurred in 2010 due to grain engulfments. EFFINGHAM, Kan. — Grain industry workers received firsthand experience Tuesday in the mortal dangers of an engulfment while [...]
Decatur, Ill.-based ADM and other grain giants are vying for growing business in China and other emerging markets, where incomes are rising and consumers are eating more meat products and other foods. Rival Cargill, based in Minnetonka, Minn., and one of the world’s biggest privately held companies, bought the Australian Wheat Board’s trading and [...]
According to Afip, Bunge bilked the state out of more than 435 million pesos ($93 million) in taxes in 2006 and 2007. Argentina has affirmed the suspension of international grain trader Bunge Ltd.’s local subsidiary from a key grain registry due to tax evasion charges. The company, one of Argentina’s leading grain exporters, was included [...] |
 |
|||||
|
© 2013 Longshore & Shipping News, Coast Longshore Division, International Longshore and Warehouse Union, - All Rights Reserved Powered by WordPress & Atahualpa |
||||||
