Food prices are on the rise. It's a safe bet consumers won't like higher costs and the same seems to go for food-related company stocks as well.» Read More
Minneapolis- based Cargill had been in late-stage talks to buy the business, which spans bean pressing in Abidjan in Ivory Coast to fine chocolate making in Belgium. The combined company would have been big enough to rival Swiss chocolate maker Barry Callebaut, the world's largest industrial chocolate producer.
NEW YORK, April 6- China's growing appetite for staples like soybeans and corn seems the likely driver behind state trader COFCO's deal to buy a majority stake in Noble Group's agriculture business, yet the move has as much to do with soft commodities.
CHICAGO, April 4- The largest players in the global agriculture trading industry are likely to be cut out of a growing share of world crop trade following the recent move by China's trading arm COFCO to acquire majority stakes in Nidera and Noble Group Ltd's agriculture businesses.
LAUSANNE, Switzerland, April 1- Some of the world's biggest oil and grains traders see little risk of any disruption to supplies from Russia, they said on Tuesday, despite the worst East-West crisis since the Cold War. Russia is the world's second-largest oil exporter after Saudi Arabia and is a major grains and metals exporter.
*Louis Dreyfus Commodities full-year net income $640 mln. PARIS, March 26- Global trading group Louis Dreyfus Commodities B.V. said it will stick to plans to double sales within five years by boosting investments, shrugging off a drop in 2013 profits from dought-hit grain markets and an oversupply in soft commodities.
*But costs high, at $60- $250 a tonne of carbon dioxide-IPCC. OSLO, March 26- A little-known technology that may be able to take the equivalent of China's greenhouse gas emissions out of the carbon cycle could be the radical policy shift needed to slow climate change this century, a draft U.N. report shows.
*Louis Dreyfus Commodities full-year net income $640 mln. PARIS, March 26- Global trading group Louis Dreyfus Commodities B.V. posted a sharp drop in net profit for 2013 after a U.S. drought disrupted grain markets and as sugar and other soft commodities were hit by oversupply.
*Louis Dreyfus Commodities full-year net income $640 mln. PARIS, March 26- Global trading group Louis Dreyfus Commodities B.V. reported a sharp fall in full-year net profit on Wednesday as an improved second-half performance failed to offset a first half hit by a severe U.S. drought.
*Purchase may also signal China's goal to build a global trading firm. SINGAPORE/ HONG KONG, Feb 28- China's biggest grains trader COFCO Corp said it is buying a 51 percent stake in Dutch peer Nidera, in a deal that will give the world's most populous country direct access to South American grain and oilseed supplies.
CHICAGO, Feb 25- Archer Daniels Midland Co on Tuesday said its chief executive officer will give up the title of president to the agribusiness company's chief operating officer, effective immediately.
*Gavilon, in deal with Syngenta, to accept crops with trait. CHICAGO, Feb 21- Archer Daniels Midland Co, one of the world's top grain traders, said on Friday it will not accept crops containing a new genetically modified Syngenta AG corn trait until major importers approve the strain.
CHICAGO, Feb 13- Bunge Ltd, one of the world's top grain traders, signaled on Thursday that it will refuse to handle corn containing a new genetically modified Syngenta AG trait unless it is cleared by China.
CHICAGO, Feb 13- Bunge Ltd, one of the world's largest agricultural trading houses, said on Thursday it turned a profit in the fourth quarter and was "actively" reviewing its loss-making Brazilian sugar business.
CHICAGO, Feb 13- Bunge Ltd, one of the world's largest agricultural trading houses, on Thursday reported a fourth-quarter profit due to strong margins for oilseed processing. Bunge reported net earnings of $115 million, or 78 cents per share, compared with a year-earlier net loss of $610 million, or $4.17 per share.
Feb 4- U.S. agribusiness giant Archer Daniels Midland Co said Tuesday it remained committed to expanding its global reach to satisfy Asia's fast-growing demand for food, despite a failed bid to acquire Australian grain handler GrainCorp.
Feb 4- U.S. agricultural processor Archer Daniels Midland Co reported a 27- percent drop in quarterly earnings on Tuesday as charges related to its failed acquisition of GrainCorp overshadowed strength in its corn processing and oilseeds businesses.
Some of the names on the move ahead of the open.
Feb 4- U.S. agricultural processor Archer Daniels Midland Co on Tuesday said fourth quarter earnings fell 27 percent, largely due to charges relating to its failed acquisition of Australian grain handler GrainCorp.
Weak U.S. manufacturing data sent stocks into a tailspin and signaled to some that the correction in stocks could be deeper than expected.
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