|
||||||
|
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 [...] 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 [...]
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 [...] CHS Inc., the largest U.S. farm co-operative, said on Thursday that it plans to acquire farm retail supplier DynAgra Corp, continuing its steady move into the newly opened Western Canada grain market. Minnesota-based CHS expects to complete its acquisition of DynAgra late this month. It will operate under the name CHS DynAgra. Western Canada’s move [...] Russia, with the world’s fourth-largest expanse of arable land and huge potential for modernisation in the agriculture industry, is trying to position itself long term to double grain exports and grab a bigger share of growing world food demand. Russian aluminium tycoon Oleg Deripaska’s vehicle Basic Element (BasEl), a long-time investor in agriculture, has [...] Faced with losing its monopoly on western wheat and barley sales Aug. 1, the Canadian Wheat Board has signed agreements with six companies, including Canada’s largest grainhandler, to handle grain from farmers who want to pool their grain with the CWB. “Farmers now have delivery points all across Western Canada to market their grain with [...] The biggest losers in Japanese trading house Marubeni’s $5.6 billion deal to buy Gavilon may not be the quartet of huge Western traders who have long dominated the global grain markets, such as Cargill. Instead, it is the Asian trading houses like Noble and Olam International who do not own assets such as grain elevators [...] Shareholders of Canada’s largest grain handler, Viterra Inc., voted overwhelmingly on Tuesday in favor of a friendly takeover bid by Swiss commodities trader Glencore International Plc., pushing the biggest deal in years for the global agricultural sector closer to reality. In Canada and Australia, where Viterra is strong, “ADM, Bunge and Cargill will take notice [...] Marubeni Corp. agreed to buy Gavilon Group LLC, the third-largest U.S. grain merchandiser, for $3.6 billion in what would be the Japanese company’s biggest deal. “Marubeni’s purchase of Gavilon will give it an inroad into grain purchases in the U.S. and put it on par with the leader Cargill,” said Justin Tang, a Singapore-based analyst [...] The Western Canadian province of Saskatchewan said on Friday it wants Ottawa to impose conditions on Swiss-based Glencore’s C$6.1 billion ($6.1 billion) takeover bid for the country’s top grain handler, Viterra Inc, which is headquartered in Saskatchewan. The federal Conservative government must decide whether the foreign takeover is of net benefit to the country. The [...] Marubeni Corp. (8002), Japan’s biggest grain trading company, is in exclusive talks to buy closely held U.S. grain handler Gavilon Group LLC for about $5 billion, including debt, according to a person familiar with the situation. The negotiations are in the final stages and a deal may be announced in the next several days, [...] Japan’s top trading companies have emerged as frontrunners in the race to buy Gavilon as the U.S. grain and energy trader seeks final bids this week, according to several people familiar with the matter. Marubeni Corp (8002.T), Mitsubishi Corp (8058.T) and Mitsui & Co (8031.T) have all been evaluating bids for all or part of [...] Cargill exports feed to Europe from its facility in Santarem, Brazil. The measure in this Reuters article is aimed at ending ‘price manipulation’ of inter-company imports and exports that allow multinational companies to evade Brazilian taxes. Brazil cracked down on multinational commodities firms Wednesday with rules to block them from shifting tax liabilities to [...] Several Asian trading firms, including Mitsui & Co, Marubeni Corp and Noble Group, are in the running for U.S. grain and energy trader Gavilon, which could be valued at about $5 billion, according to sources familiar with the matter. A deal for the commodities trader, which began exploring a sale in January, would give the [...] |
 |
|||||
|
© 2013 Longshore & Shipping News, Coast Longshore Division, International Longshore and Warehouse Union, - All Rights Reserved Powered by WordPress & Atahualpa |
||||||
