Australia rejected the $2.55 billion takeover of GrainCorp by Archer Daniels Midland, bowing to pressure from grain growers.» Read More
BRUSSELS, Nov 21- The European Union will impose punitive duties on imports of biodiesel from Argentina and Indonesia for the next five years after ruling that producers there were selling into the bloc at unfairly low prices.
NEW YORK, Nov 11- London- based Armajaro Holdings Ltd will sell its commodity trading arm to Swiss agricultural trader Ecom Agroindustrial Corp Ltd, creating one of the world's biggest physical cocoa and coffee dealers in the latest deal to roil this niche market.
NEW YORK, Nov 11- Swiss commodity trader Ecom Agroindustrial Corp Ltd has struck a deal to buy London- based Armajaro Holdings Ltd's commodity trading operations, creating one of the world's biggest cocoa and coffee traders.
CHICAGO, Oct 29- Archer Daniels Midland Co said on Tuesday its planned A $3.0 billion acquisition of Australian grain handler GrainCorp Ltd will likely be delayed until early next year. The GrainCorp acquisition is part of ADM's strategy to expand globally and lead to increased exports to China and the Middle East.
CHICAGO, Oct 29- Agribusiness group Archer Daniels Midland Co said on Tuesday that adjusted third-quarter earnings fell as crop supplies remained tight following last year's historic U.S. drought. Net earnings rose to $476 million, or 72 cents per share, from $182 million, or 28 cents per share, a year ago. The others are Bunge Ltd, Cargill Inc and Louis Dreyfus Corp..
CHICAGO, Oct 25- Soren Schroder is shaking up Bunge Ltd five months after taking the helm of the 195- year-old agricultural trading house. On Thursday, Schroder told a quarterly earnings call that the status quo was unacceptable for Bunge's loss-making Brazilian sugar milling business and that he will explore options, including a sale, for the business.
CHICAGO, Oct 24- Bunge Ltd's new chief executive signaled plans to shed its loss-making Brazilian sugar milling business, making Bunge the first major merchant to consider exiting the one-hot sector that has swallowed billions of dollars of investment. Bunge reported a quarterly net loss of $137 million as the sugar unit dragged on earnings.
CHICAGO, Oct 24- Agribusiness company Bunge Ltd reported a quarterly loss on Thursday due to a charge related primarily to its weak sugar business, and said it was exploring a sale of that business.
*Argentina plans to challenge decision at WTO. BRUSSELS, Oct 23- European Union member states agreed to impose punitive duties on biodiesel imported from Argentina and Indonesia, which are accused of selling it into the bloc at unfairly low prices, according to diplomats.
*Argentina planning to challenge decision at WTO. BRUSSELS, Oct 22- European Union member states agreed to impose punitive duties on imports of biodiesel from Argentina and Indonesia, which are accused of selling it into the bloc at unfairly low prices, according to diplomats.
CHICAGO, Oct 9- U.S. agribusiness giant Cargill Inc on Wednesday reported a 41 percent drop in quarterly profits as the lingering effects of the 2012 severe drought in the United States reduced grain-handling opportunities.
CHICAGO, Oct 4- Illinois Gov. The company has been the dominating corporate presence in the central Illinois city of Decatur for 44 years. Illinois finished its June 30 fiscal year with a deficit topping $6 billion, $9 billion in unpaid bills, and a worst-in-the-nation pension underfunding of $100 billion.
CHICAGO, Sept 25- Archer Daniels Midland Co continues to expect to complete its acquisition of Australian grain handler Graincorp Ltd by the end of the year, the U.S. agribusiness giant's chief executive officer said on Wednesday. Graincorp has an edible oils facility in China.
At a ceremony hosted by the U.S. Soybean Export Council, officials from Chinese companies including COFCO, Sinograin, and Chinatex signed 13 separate agreements with representatives from Archer Daniels Midland, Bunge, Columbia Grain and others.
WINNIPEG, Manitoba, Sept 12- Canada's expected record-large canola crop looks to re-stock the country's seed exporters and crushers after a disappointing previous harvest, and top up already growing global oilseed supplies, industry sources said.
CHICAGO, Sept 11- Agribusiness Cargill Inc on Wednesday said its chief executive officer will step down on Dec. 1 after six years on the job. The others are Archer Daniels Midland Co, Bunge Ltd and Louis Dreyfus Corp..
NEW YORK, Aug 21- U.S. sugar processors have offered to sell 90,150 tonnes of sugar to the U.S. Department of Agriculture as part of its "sugar-for-ethanol" program, designed to reduce an oversupply and boost domestic prices, the government said on Wednesday.
BUENOS AIRES, Aug 6- China has approved its first major shipment of genetically modified Argentine corn, Buenos Aires officials said on Tuesday, signaling an increase in competition for a market long dominated by U.S. exporters. Argentina competes for market share with the United States, the No. 1 world corn exporter.
Minneapolis- based Cargill, one of the world's largest privately held corporations and a top commodities trader, reported $483 million in earnings for the fourth quarter ended May 31, up from $73 million a year earlier when the company was hurt by volatile commodity markets and reported its worst quarter in more than 20 years.
BUENOS AIRES, Aug 6- China has approved its first shipment of genetically modified Argentine corn, Buenos Aires said on Tuesday. Argentina competes for market share with the United States, the No. 1 world corn exporter. "The authorities in China have finally let us in, opening a potentially enormous market for our corn," the minister added.