The sharemarket has closed slightly lower despite commodity stocks staging a comeback. The benchmark S&P/ASX200 index was down 4.9 points, or 0.1 per cent, at 5097.5 points. The broader All Ordinaries index was down 1.5 points, or 0.03 ...
Tags: Stocks, Commodity Comeback
The stockmarket has opened slightly higher, boosted by stronger mining stocks on the back of improved prices for commodities. At 10.31am AEST the benchmark S&P/ASX200 index was up 17.6 points, or 0.34 per cent, at 5120.0 points. The ...
Singapore agribusiness giant Wilmar International has formed a joint venture with peer Noble Group to produce palm oil and its by-products in Indonesia. The companies said Wilmar's subsidiary Newbloom will hold a 53.74% equity stake in ...
Tags: palm oil, agribusiness giant, oils
Agri-giant Archer Daniels Midland has booked a jump in first-half net earnings, as lower one-off costs and higher sales boosted the bottom line. Net earnings in the six months to 31 December rose to US$692m, up from $440m in the ...
Tags: Agri-giant, oilseed, agricultural services
Commodity trader Glencore has said it wants to be a "true leader" in global grain trading after completing its acquisition of Viterra in a deal worth US$6bn. Glencore said this week its completion of the deal hands it "immediate critical ...
Tags: Commodity trader Glencore, global grain trading, acquisition
US agribusiness Archer Daniels Midland has sold its stake in Gruma back to the Mexican group. Gruma has acquired the 23.2% stake held by ADM, as well as a number of smaller holdings in various subsidiaries. In an announcement on Friday ...
Tags: Mexican Firm, Gruma, ADM, Daniels Midland
Archer Daniels Midland saw its profits slide in the first quarter of its financial year as the US drought hit corn supplies. In the three months ended 30 September, earnings amounted to US$182m from $460m last year, the firm reported ...
Tags: profits, corn, ADM, Archer Daniels Midland
Commodities giant Archer Daniels Midland has said it is continuing to increase its investment outside the US in light of the country's drought pushing corn prices up. ADM COO Juan Luciano told analysts yesterday (31 July) the company has ...
Tags: Archer Daniels Midland, investment, corn price, food industry
Cocoa processors including Cargill and Archer Daniels Midland could be encouraged to follow the example of Nestle and launch investigations into their cocoa supply chains, the head of the Fair Labor Association has told just-food. Auret ...
Tags: Cocoa Processors, Nestle, cocoa supply
NanoH2O,Inc.,the manufacturer of reverse osmosis(RO)membranes for seawater desalination,has been chosen for the 2012 Artemis Top 50 Water Tech Listinga. This is the fourth consecutive year that NanoH2O has been named by the Artemis ...
Tags: NanoH2O, Inc., water tech, energy, water industry, seawater desalination
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
Agribusiness giants Archer Daniels Midland and Wilmar International have set up a venture to sell and market vegetable fats and oils in Europe. The venture was announced alongside two other partnerships on global fertilizer and on ocean ...
Tags: ADM, Wilmar, vegetable fats, oils
Archer Daniels Midland has increased its takeover for Australian rival GrainCorp, which has so far rejected the US agribusiness giant's interest. ADM has tabled an offer worth A$12.50 a share, up from the A$11.75 GrainCorp turned down ...
The chairman of private-equity firm Arle Capital Sir George Buckley is to join PepsiCo's board of directors. Buckley will become PepsiCo director and join its audit committee in September. The 65-year-old was named chairman of UK-based ...
Tags: PepsiCo board, Buckley, PepsiCo
This week, just-food attended the SIAL food and drink exhibition in Paris where the team caught up food manufacturers including Genius Foods, Dare Foods, The Irish Dairy Board, as well as the Irish Prime Minister. Outside of Paris, the UK ...
Tags: dairy, food, gluten-free, biscuits