The US government has again cut its forecast for corn yields as the impact of the worst drought in the country for 50 years becomes clearer. Washington said the US corn yield is set to be the lowest since 1995-96, sending futures to a ...
Tags: US government, corn yields, drought, food industry
Agribusiness giant Bunge has booked a jump in third-quarter income, which more than doubled as sales benefited from rising grain prices. The company said net earnings in the three months to the end of September rose to US$289m, up from ...
Tags: Agribusiness, grain prices, grain, grain trader
US agribusiness firm Cargill has supplied what it claims is the first-ever sustainable verified rapeseed oil to consumer giant Unilever. In an initial deal announced this week, the consignment will cover 5% of Unilever's rapeseed oil ...
Tags: Oil Deal, sustainable rapeseed oil, strategic suppliers
Commodities giant Archer Daniels Midland has booked a drop in full-year profits as record corn prices hit earnings in the fourth quarter. In the three months to the end of June, net profit fell 25% to US$284m, while operating profits slid ...
Tags: corn, corn prices, corn crop
South African poultry group Astral Foods has booked a 23% drop in full-year earnings on higher grain prices and greater competition from European and South American poultry importers. Net income fell to ZAR392m (US$38m) in the year to end ...
Tags: Astral Foods, drop, earnings, corn costs
Singapore agribusiness giant Wilmar International has booked a drop in first-half profits as the group suffered losses in its oilseeds and grains business. In the six months to the end of June, Wilmar recorded a net profit of US$373m, ...
Tags: Wilmar International, first half profits, food industry, food
Swiss agrochemicals company Syngenta has announced that it has received European Union(EU)approval for isopyrazam-a next generation fungicide.This move which is expected to help cereal farmers control fungal diseases and achieve higher crop ...
Tags: generation, fungal diseases, crop yields
Australian grain handler GrainCorp has agreed to acquire Australian oilseed crusher Gardner Smith for A$302m ($313.82m) as well as Goodman Fielder's commercial oils business Integro Foods for A$170m ($176.65m). The deals, which represent ...
Tags: commercial oils business, edible oil sector, leading oilseed crusher
French poultry firm Doux,which entered into administration in June 2012 putting the livelihood of over 3,400 workers and 800 farmers at risk,has received 11 takeover bids. Bidders included co-operative Terrena,agribusiness firm La ...
Australasian food company Goodman Fielder has entered into an agreement to sell its Integro oils business to a consortium comprising GrainCorp and Gardner Smith for A$170m($176m). The sale does not include the out-of-home business in ...
Tags: agreement, Integro oils, divestment
CPM,a supplier of process engineering,process equipment for the oilseed,animal feed,biofuels and food processing industries,has announced the formation of Crown Asia Engineering,to expand and deliver oilseed solutions throughout the Asia ...
Tags: CPM, CFEC, oilseed solutions
The European Food Safety Authority(EFSA)has said that it is safe to use genetically modified(GM)oilseed rape in foods. Bayer CropBioscience developed oilseed rape,which is resistant to glufosinate-ammonium-containing herbicides,reported ...
American agribusiness and food company Bunge has reported that its net income for the third quarter of 2012 rose 112%to$297m,compared to$140m the previous year,due to good performance of its agribusiness division. Net sales ...
Tags: net income, net sales, declining sales
WHEAT:The 2012/13 U.S.wheat balance sheet is unchanged this month;however,small by-class adjustments are made to projected exports and stocks.Projected exports for Hard Red Winter wheat are lowered 25 million bushels with Hard Red Spring ...
HarvEast, a Ukrainian agricultural company founded by Rinat Akhmetov and Vadim Novinsky, will post its first profit this year, according to Chief Executive Officer Simon Cherniavsky. Earnings before interest, taxes, depreciation and ...
Tags: market view, agricultural